British Land Company (BLND)

Sector:

Property Investment Trusts

Index:

FTSE 100

554.80p
   
  • Change Today:
    -4.80p
  • 52 Week High: 625.60p
  • 52 Week Low: 468.30p
  • Currency: UK Pounds
  • Shares Issued: 927.16m
  • Volume: 2,962,790
  • Market Cap: £5,144m
  • RiskGrade: 123
  • Beta: 0.02

Dividend Data

  31-Mar-1931-Mar-1831-Mar-1731-Mar-1631-Mar-15
Q1 Dividend7.75p7.52p7.30p7.09p6.92p
Q2 Dividend7.75p7.52p7.30p7.09p6.92p
Q3 Dividend7.75p7.52p7.30p7.09p6.92p
Q4 Dividend7.75p7.52p7.30p7.09p6.92p
Total Dividend31.00p30.08p29.20p28.36p27.68p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Continuing Operations          
Revenue 904.00 639.00 589.00 590.00 556.00
Operating Profit/(Loss) (213.00) 799.00 260.00 1,009.00 1,215.00
Net Interest (113.00) (227.00) (65.00) (75.00) (152.00)
Profit Before Tax (319.00) 501.00 195.00 1,331.00 1,789.00
Profit After Tax (320.00) 507.00 196.00 1,364.00 1,765.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (320.00) 507.00 196.00 1,364.00 1,765.00
Attributable to:          
Equity Holders of Parent Company (291.00) 493.00 193.00 1,345.00 1,710.00
Minority Interests (29.00) 14.00 3.00 19.00 55.00
           
Continuing EPS          
Earnings per Share - Basic (30.00p) 48.70p 18.80p 131.20p 168.30p
Earnings per Share - Diluted (30.00p) 48.50p 14.70p 119.70p 167.30p
Earnings per Share - Adjusted 34.90p 37.40p 37.80p 35.60p 30.80p
Continuing and Discontinued EPS          
Earnings per Share - Basic (30.00p) 48.70p 18.80p 131.20p 168.30p
Earnings per Share - Diluted (30.00p) 48.50p 14.70p 119.70p 167.30p
Earnings per Share - Adjusted 34.90p 37.40p 37.80p 35.60p 30.80p
           
Dividend per Share 31.00p 30.08p 29.20p 28.36p 27.68p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Assets          
Non-Current Assets          
Property, Plant & Equipment 73.00 90.00 94.00 95.00 60.00
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 8,931.00 9,507.00 9,073.00 9,643.00 9,120.00
Investments 2,711.00 2,996.00 2,920.00 3,495.00 3,280.00
Other Financial Assets 154.00 115.00 217.00 170.00 139.00
Other Non-Current Assets 1.00 4.00 4.00 n/a n/a
  11,870.00 12,712.00 12,308.00 13,403.00 12,599.00
Current Assets          
Inventories 87.00 328.00 334.00 325.00 274.00
Trade & Other Receivables 57.00 35.00 171.00 33.00 20.00
Cash at Bank & in Hand 242.00 105.00 114.00 114.00 108.00
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets n/a n/a 540.00 n/a n/a
  386.00 468.00 1,159.00 472.00 402.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 12,256.00 13,180.00 13,467.00 13,875.00 13,001.00
           
Liabilities          
Current Liabilities          
Borrowings 99.00 27.00 464.00 74.00 102.00
Other Current Liabilities 314.00 346.00 488.00 236.00 270.00
  413.00 373.00 952.00 310.00 372.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 2,932.00 3,101.00 2,817.00 3,687.00 3,847.00
Provisions n/a n/a n/a n/a 12.00
Other Non-Current Liabilities 222.00 200.00 222.00 259.00 205.00
  3,154.00 3,301.00 3,039.00 3,946.00 4,064.00
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 3,567.00 3,674.00 3,991.00 4,256.00 4,436.00
           
Net Assets 8,689.00 9,506.00 9,476.00 9,619.00 8,565.00
           
Capital & Reserves          
Share Capital 240.00 248.00 260.00 260.00 258.00
Share Premium Account 1,302.00 1,300.00 1,298.00 1,295.00 1,280.00
Other Reserves 250.00 246.00 116.00 120.00 131.00
Retained Earnings 6,686.00 7,458.00 7,547.00 7,667.00 6,563.00
Shareholders Funds 8,478.00 9,252.00 9,221.00 9,342.00 8,232.00
           
Minority Interests/Other Equity 211.00 254.00 255.00 277.00 333.00
Total Equity 8,689.00 9,506.00 9,476.00 9,619.00 8,565.00
Cash Flow 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Net Cash Flow From Operating Activities 613.00 438.00 363.00 294.00 285.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities 187.00 261.00 470.00 230.00 (111.00)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (663.00) (708.00) (833.00) (518.00) (208.00)
Net Increase/Decrease In Cash 137.00 (9.00) n/a 6.00 (34.00)
Ratios - based on IFRS 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Continuing Operations          
PE Ratio - Adjusted 16.9 17.2 16.1 19.7 27.0
PEG - Adjusted n/a n/a 2.7 1.2 6.8
Earnings per Share Growth - Adjusted -7% -1% 6% 16% 4%
Dividend Cover 1.13 1.24 1.29 1.26 1.11
Revenue per Share 97.50p 68.92p 57.24p 57.56p 54.72p
Pre-Tax Profit per Share (34.41p) 54.04p 18.95p 129.85p 176.08p
Operating Margin (23.56%) 125.04% 44.14% 171.02% 218.53%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.9 17.2 16.1 19.7 27.0
PEG - Adjusted n/a n/a 2.7 1.2 6.8
Earnings per Share Growth - Adjusted -7% -1% 6% 16% 4%
Dividend Cover 1.13 1.24 1.29 1.26 1.11
           
Dividend Yield 5.3% 4.7% 4.8% 4.0% 3.3%
Dividend per Share Growth 3.06% 3.01% 2.96% 2.46% 2.52%
Operating Cash Flow per Share 66.12p 47.24p 35.28p 28.68p 28.05p
Cash Incr/Decr per Share 14.78p (0.97p) n/a 0.58p (3.35p)
Net Asset Value per Share (exc. Intangibles) 937.17p 1,025.29p 920.89p 938.44p 843.01p
Net Gearing 32.90% 32.67% 34.35% 39.04% 46.66%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

Top of Page