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

British Land Company Trading update summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Trading update summary21 Jan, 2026

Leasing momentum and operational performance

  • Achieved 882,000 sq ft of leasing across 151 deals in Q3, 8.5% ahead of ERV and 10.2% above previous passing rent.

  • 1.8m sq ft under offer, 8.1% ahead of ERV and 14.6% above previous passing rent.

  • Campus portfolio saw 380,000 sq ft leased, 6.6% ahead of ERV and 19.6% above previous passing rent.

  • Retail parks delivered 383,000 sq ft of deals, 12% ahead of ERV, with 99% occupancy and 2.2% footfall growth year on year.

  • One Triton Square now 72% let or under offer, with strong demand from science, technology, and healthcare sectors.

Earnings outlook and guidance

  • Reiterated expectation of at least 28.5p underlying EPS for FY26.

  • Anticipates at least 6% EPS growth for FY27, targeting 30.2p.

  • Strong leasing and high occupancy support positive earnings trajectory.

Portfolio and sustainability focus

  • Portfolio valued at £15.2bn as of 30 September 2025, with a focus on London campuses and retail parks.

  • Sustainability strategy centers on Greener Spaces, Thriving Places, and Responsible Choices.

Campus S&T demand sustainability?
Retail park growth drivers post-rack rent?
Key factors for FY27 EPS growth?
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Next British Land Company earnings date

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H2 202621 May, 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.

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