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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.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.
- Strong leasing and asset recycling underpin confidence in FY27 EPS guidance of at least 30.5p.BLND
Trading update - Record leasing and strong rental growth underpin robust returns and positive FY 2027 outlook.BLND
H2 2026 - FY26 EPS and returns exceeded guidance, with upgraded FY27 outlook after Life Science REIT deal.BLND
Q4 2026 TU - Acquisition delivers immediate EPS accretion, cost synergies, and sector expansion at a 21% premium.BLND
M&A announcement - Strong leasing and high occupancy drive positive earnings outlook and guidance.BLND
Trading update - Strong demand and asset management in campuses and retail parks underpin robust growth outlook.BLND
Investor Update - Profit and EPS up, high occupancy, and strong outlook for returns and disciplined capital allocation.BLND
H1 2026 - Profit and EPS up 1%, with high occupancy and retail parks driving upgraded outlook.BLND
H1 2025 - Profit up 4%, portfolio values rise, and robust leasing drives growth outlook.BLND
H2 2025
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