British Land Company
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British Land Company (BLND) investor relations material

British Land Company Q2 2027 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2027 TU earnings summary15 Oct, 2026

Executive summary

  • HY27 showed strong leasing momentum, 12% like-for-like net rental growth and 1.5% portfolio value growth; FY27 Underlying EPS guidance was reiterated at at least 30.5p.

Financial highlights

  • Expected HY27 Underlying Profit of £166m versus £155m in HY26, and Underlying EPS of 16.1p versus 15.4p.

  • Like-for-like net rental growth was 12%; rental growth, development lease-up and cost efficiencies more than offset lower surrender premiums and higher interest rates.

Outlook and guidance

  • FY27 Underlying EPS guidance reiterated at at least 30.5p, representing 6% YoY growth; medium-term EPS growth expectation is 3–6% p.a.

  • Future ERV growth guidance reiterated at 3–5% p.a. across the portfolio.

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H1 202718 Nov, 2026
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Frequently asked questions

British Land Company Plc is a UK-based real estate investment trust (REIT) focused on owning, managing, and developing commercial properties. The company’s portfolio includes a range of retail, office, and mixed-use spaces, primarily located in major cities such as London. Its retail properties include shopping centers, retail parks, and standalone stores, while its office properties cater to businesses seeking high-quality, sustainable workspaces. British Land also engages in urban regeneration projects, creating vibrant, mixed-use developments that combine residential, commercial, and leisure spaces. The company is headquartered in London, England, and its shares are listed on the London Stock Exchange.