British Land Company plc (BLND) AI Stock Analysis

• Market Cap: £3.85B
• Dividend Yield: 5.96%
• Average Volume (3M): 4.29M
• Price to Earnings (P/E): 10.9
• Beta (1Y): 1.19
• Revenue Growth: -20.83%
• EPS Growth: N/A
• Country: UK
• Employees: 645
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.14
• Shares Outstanding: 999,760,600
• 10 Day Avg. Volume: 3,646,896
• 30 Day Avg. Volume: 4,285,906
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £408.86
• Price Target Upside: 6.81% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8

• Rating: 73 Outperform
• Price Target: 400.00p ▲(4.49% Upside)

The overall stock score reflects strong valuation metrics and positive technical indicators, which are slightly offset by the volatility in financial performance. The stock's attractive dividend yield and undervaluation provide a solid investment case, despite the need for careful management of financial risks.

Positive Factors

Strong Profitability Metrics

The company's strong profitability metrics indicate efficient operations and effective cost management, contributing to long-term financial health and shareholder value.

Stable Equity Position

A stable equity position provides a solid foundation for financial stability, enabling the company to withstand market fluctuations and invest in growth opportunities.

High Gross Profit Margin

A high gross profit margin reflects the company's ability to maintain pricing power and control costs, supporting sustainable profitability over the long term.

Negative Factors

Volatile Revenue Trend

Volatile revenue trends can lead to unpredictable financial performance, making it challenging to plan for future growth and investment strategies effectively.

Inconsistent Cash Flow

Inconsistent cash flow can hinder the company's ability to fund operations and growth initiatives, potentially impacting long-term financial stability and investment capacity.

Moderate Leverage Risks

Moderate leverage levels, while typical for REITs, require careful management to avoid financial strain, especially in volatile market conditions, impacting long-term resilience.

British Land Company plc Business Overview & Revenue Model

Company Description

Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2020 making us one of Europe's largest listed real estate investment companies. Our strategy is to provide places which meet the needs of our customers and respond to changing lifestyles - Places People Prefer. We do this by creating great environments both inside and outside our buildings and use our scale and placemaking skills to enhance and enliven them. This expands their appeal to a broader range of occupiers, creating enduring demand and driving sustainable, long term performance. Our Offices portfolio comprises three office-led campuses in central London as well as high quality standalone buildings and accounts for 65% of our portfolio. Our Retail portfolio is focused on retail parks and shopping centres, and accounts for 31% of our portfolio. Increasingly our focus is on providing a mix of uses and this is most evident at Canada Water, our 53 acre redevelopment opportunity where we have plans to create a new neighbourhood for London. Sustainability is embedded throughout our business. Our places, which are designed to meet high sustainability standards, become part of local communities, provide opportunities for skills development and employment and promote wellbeing. In April 2016 British Land received the Queen's Award for Enterprise: Sustainable Development, the UK's highest accolade for business success for economic, social and environmental achievements over a period of five years.

How the Company Makes Money

British Land generates revenue primarily through rental income derived from its extensive portfolio of commercial properties. The company's revenue model is anchored in leasing space to a wide range of tenants, including retailers, office users, and industrial operators, which provides a steady stream of income. Additionally, British Land engages in property development activities, which can lead to significant capital gains upon completion and leasing of new projects. The company also benefits from strategic partnerships and joint ventures that enhance its investment capabilities and expand its market reach. Overall, British Land's financial performance is influenced by factors such as property valuations, occupancy rates, and market demand for commercial real estate.

British Land Company plc Financial Statement Overview

Summary

British Land Company plc exhibits strengths in its profitability metrics and equity position. However, volatility in revenue and net income, along with inconsistent cash flow metrics, highlight potential risks. While the company maintains a solid equity base typical of REITs, careful management of leverage and cash flow is essential to navigate future uncertainties.

Income Statement

The income statement shows a volatile revenue trend, with significant fluctuations in revenue growth rates. The gross profit margin is relatively strong at 72.91%, but the net profit margin is inconsistent, reflecting both positive and negative net incomes in recent years. The EBIT and EBITDA margins indicate a reasonable level of profitability, but the inconsistency in net income poses a challenge for stability.

Balance Sheet

The balance sheet reveals a stable equity position with an equity ratio of 64.34%. However, the debt-to-equity ratio of 0.50 suggests moderate leverage, which is typical for a REIT but could pose risks if not managed carefully. Return on Equity (ROE) is strong for the latest year at 5.92%, showing effective use of equity to generate profits, despite historical volatility.

Cash Flow

Cash flow analysis shows a positive operating cash flow to net income ratio, indicating effective cash generation from operations relative to net income. The free cash flow growth rate is highly volatile, with recent declines, raising concerns about sustainability. The free cash flow to net income ratio is inconsistent, reflecting challenges in maintaining stable cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	505.00M	454.00M	575.00M	418.00M	412.00M	520.00M
Gross Profit	382.00M	331.00M	429.00M	321.00M	279.00M	340.00M
EBITDA	292.00M	454.00M	122.00M	-944.00M	1.05B	270.00M
Net Income	338.00M	338.00M	-1.00M	-1.04B	963.00M	-1.03B
Balance Sheet
Total Assets	8.88B	8.88B	7.97B	8.29B	9.91B	8.88B
Cash, Cash Equivalents and Short-Term Investments	57.00M	57.00M	88.00M	125.00M	111.00M	154.00M
Total Debt	2.84B	2.84B	2.34B	2.39B	2.75B	2.54B
Total Liabilities	3.17B	3.17B	2.66B	2.77B	3.14B	2.89B
Stockholders Equity	5.71B	5.71B	5.30B	5.51B	6.75B	5.92B
Cash Flow
Free Cash Flow	54.00M	54.00M	97.00M	31.00M	-14.00M	-23.00M
Operating Cash Flow	270.00M	270.00M	409.00M	240.00M	245.00M	149.00M
Investing Cash Flow	-853.00M	-853.00M	-172.00M	326.00M	-423.00M	910.00M
Financing Cash Flow	552.00M	552.00M	-274.00M	-552.00M	98.00M	-1.10B

British Land Company plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 382.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BLND, the sentiment is Positive. The current price of 382.8 is above the 20-day moving average (MA) of 370.20, above the 50-day MA of 351.98, and above the 200-day MA of 359.75, indicating a bullish trend. The MACD of 10.36 indicates Negative momentum. The RSI at 65.35 is Neutral, neither overbought nor oversold. The STOCH value of 69.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BLND.

British Land Company plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LMP	―	£4.48B	11.25	8.66%	6.40%	122.74%	60.58%
LAND	―	£4.68B	12.01	6.13%	5.27%	0.97%	―
CREI	―	£371.87M	9.36	9.14%	7.50%	3.79%	―
BLND	―	£3.85B	10.95	6.14%	5.96%	-20.83%	―
UTG	―	£2.83B	8.17	7.57%	5.48%	12.77%	14.86%
Sector *	―	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
PCTN	―	$418.36M	11.78	7.04%	4.73%	-1.23%	―

British Land Company plc Corporate Events

British Land Appoints Raj Shah as Non-Executive Director

British Land has appointed Raj Shah as a Non-Executive Director effective January 2026. Raj Shah, with a background in healthcare investment and experience at Nordic Capital and Goldman Sachs, will also join the Innovation Advisory Council at British Land. His expertise in healthcare and technology investments is expected to provide valuable insights as the company continues to develop spaces at the intersection of technology, AI, and medicine, enhancing its value-add strategy.

The most recent analyst rating on (GB:BLND) stock is a Hold with a £410.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Executives Increase Stake in Company

British Land Company PLC announced that several of its executive directors and persons discharging managerial responsibilities have purchased ordinary shares and were awarded matching shares under the company’s Share Incentive Plan. This move, involving key figures such as the CEO and CFO, highlights the company’s commitment to aligning management interests with shareholder value, potentially strengthening stakeholder confidence and enhancing the company’s market position.

The most recent analyst rating on (GB:BLND) stock is a Hold with a £410.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Reports Strong Half-Year Performance Amid High Demand

British Land Company plc reported strong performance for the six-month period ending September 2025, driven by robust occupational fundamentals in its London office campuses and retail parks. The company achieved significant leasing activity, with 1.4 million sq ft leased at rates above estimated rental values, and anticipates continued earnings growth. The positive trends in rental growth and occupancy have contributed to a 1.2% increase in portfolio valuations, aligning with their target of an 8-10% total accounting return for the year. The company is optimistic about future growth, projecting a minimum 6% increase in underlying EPS for FY27, supported by strong demand in sectors like AI and technology.

The most recent analyst rating on (GB:BLND) stock is a Buy with a £400.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Allots Shares to Non-Executive Director

British Land Company plc announced the allotment of 2,780 ordinary shares to Non-Executive Director Mark Aedy, as part of his compensation, at a price of 351.08 pence per share. This transaction, conducted outside a trading venue, aligns with UK Market Abuse Regulation, reflecting the company’s ongoing governance and compensation practices.

The most recent analyst rating on (GB:BLND) stock is a Hold with a £391.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Updates Share Capital and Voting Rights

British Land Company plc announced that as of 30 September 2025, its issued share capital consists of 1,011,026,862 ordinary shares, with 11,266,245 held in Treasury. This results in a total of 999,760,617 shares with voting rights. This disclosure is in line with FCA’s requirements and assists shareholders in determining their voting rights percentage, impacting their notification obligations to the company and FCA.

The most recent analyst rating on (GB:BLND) stock is a Hold with a £391.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Executives Strengthen Stake Through Share Incentive Plan

British Land Company PLC announced that several executive directors and persons discharging managerial responsibilities have purchased ordinary shares and were awarded matching shares under the company’s Share Incentive Plan. This move, involving key figures such as the CEO and CFO, reflects a strategic effort to align the interests of the company’s leadership with its shareholders, potentially enhancing stakeholder confidence and reinforcing the company’s market position.

The most recent analyst rating on (GB:BLND) stock is a Buy with a £4.10 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Allocates Free Shares to Key Executives

British Land Company PLC has announced the allocation of Free Shares to its Persons Discharging Managerial Responsibilities (PDMRs) under the Share Incentive Plan. The shares, priced at 337.40 pence each, were awarded to several key executives, including the CEO and CFO, as part of an annual award outside of a trading venue. This move aligns with the company’s strategy to incentivize its leadership team, potentially impacting its operational focus and aligning management interests with shareholder value.

The most recent analyst rating on (GB:BLND) stock is a Hold with a £391.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Announces Current Share Capital and Voting Rights

British Land Company plc has announced its current issued share capital as of August 29, 2025, which consists of 1,011,021,218 ordinary shares, with 11,266,245 held in Treasury. This leaves a total of 999,754,973 shares with voting rights. This information is crucial for shareholders and stakeholders to determine their percentage of voting rights and any necessary notifications to the company and the FCA, in compliance with the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:BLND) stock is a Hold with a £391.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Executives Increase Stake with Share Purchases

British Land Company plc announced that several of its executive directors and persons discharging managerial responsibilities have purchased ordinary shares and were awarded matching shares under the company’s Share Incentive Plan. This move, involving key figures such as the CEO and CFO, reflects a strategic alignment with the company’s long-term growth objectives and could potentially enhance stakeholder confidence in its management and future prospects.

The most recent analyst rating on (GB:BLND) stock is a Buy with a £5.15 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Director Increases Stake with Share Purchase

British Land Company PLC announced that Mark Aedy, a Non-Executive Director, purchased 14,000 ordinary shares of the company at a price of 353.16 pence per share on August 5, 2025. This transaction, conducted on the London Stock Exchange, reflects a significant personal investment by a board member, potentially indicating confidence in the company’s future performance and stability, which may positively influence stakeholder sentiment.

The most recent analyst rating on (GB:BLND) stock is a Buy with a £5.15 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Announces Share Admission for Incentive Plans

British Land Company PLC has applied for the admission of 1,900,000 Ordinary shares to the Official List of the Financial Conduct Authority and the London Stock Exchange. These shares, associated with the company’s Long Term Incentive Plan and Save As You Earn scheme, are expected to be admitted on 7 August 2025 and will align with existing shares, potentially enhancing employee engagement and investment appeal.

The most recent analyst rating on (GB:BLND) stock is a Buy with a £5.15 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Updates Share Capital and Voting Rights

British Land Company plc announced that as of 31 July 2025, its issued share capital comprises 1,011,014,826 ordinary shares, with 11,266,245 held in Treasury, resulting in a total of 999,748,581 shares with voting rights. This disclosure is in line with FCA’s requirements and helps shareholders determine their voting rights percentage, impacting their reporting obligations.

The most recent analyst rating on (GB:BLND) stock is a Buy with a £450.00 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Announces Executive Dividend Share Purchases

British Land Company PLC announced the purchase of Dividend Shares on behalf of its Executive Directors and Persons Discharging Managerial Responsibilities (PDMRs) as part of its Share Incentive Plan. The transactions, conducted on the London Stock Exchange, reflect the company’s commitment to aligning the interests of its executives with shareholder returns, potentially enhancing stakeholder confidence and reinforcing its market position.

The most recent analyst rating on (GB:BLND) stock is a Buy with a £5.15 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.

British Land Announces LTIP Vesting and Share Transactions

British Land Company plc announced the vesting of conditional awards of Ordinary Shares under its Long-Term Incentive Plan, with a 50% vesting rate following partial satisfaction of performance conditions. The vesting led to the sale of shares by several key managerial figures to cover tax and fees, while some shares were retained and are subject to a holding period, reflecting the company’s ongoing commitment to aligning managerial interests with shareholder value.

The most recent analyst rating on (GB:BLND) stock is a Buy with a £5.15 price target. To see the full list of analyst forecasts on British Land Company plc stock, see the GB:BLND Stock Forecast page.