See more : Mountain Province Diamonds Inc. (0V7X.L) Income Statement Analysis – Financial Results
Complete financial analysis of British Land Company Plc (BTLCY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of British Land Company Plc, a leading company in the REIT – Diversified industry within the Real Estate sector.
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British Land Company Plc (BTLCY)
About British Land Company Plc
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.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 575.00M | 505.41M | 562.73M | 611.14M | 779.72M | 1.19B | 848.10M | 769.90M | 896.15M | 556.00M | 398.00M | 329.00M | 332.00M | 298.00M | 394.00M | 554.00M | 645.00M | 649.00M | 690.00M | 604.00M | 497.70M | 451.50M | 431.50M | 412.20M | 492.30M | 374.10M | 353.30M | 328.60M | 272.70M | 228.50M | 201.00M | 166.70M | 177.10M | 149.30M | 118.90M | 141.00M | 150.80M | 134.60M | 106.50M |
| Cost of Revenue | 146.00M | 116.73M | 181.66M | 235.06M | 276.84M | 523.63M | 265.03M | 192.80M | 209.35M | 160.00M | 71.00M | 48.00M | 46.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 87.00M | 11.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 429.00M | 388.68M | 381.07M | 376.09M | 502.88M | 662.75M | 583.07M | 577.10M | 686.80M | 396.00M | 327.00M | 281.00M | 286.00M | 298.00M | 394.00M | 554.00M | 645.00M | 649.00M | 690.00M | 517.00M | 486.70M | 451.50M | 431.50M | 412.20M | 492.30M | 374.10M | 353.30M | 328.60M | 272.70M | 228.50M | 201.00M | 166.70M | 177.10M | 149.30M | 118.90M | 141.00M | 150.80M | 134.60M | 106.50M |
| Gross Profit Ratio | 74.61% | 76.90% | 67.72% | 61.54% | 64.50% | 55.86% | 68.75% | 74.96% | 76.64% | 71.22% | 82.16% | 85.41% | 86.14% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 85.60% | 97.79% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 85.00M | 88.00M | 88.00M | 74.00M | 73.00M | 80.00M | 82.00M | 84.00M | 93.00M | 85.00M | 72.00M | 72.00M | 69.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 49.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 35.00M | 30.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 85.00M | 88.00M | 88.00M | 74.00M | 73.00M | 80.00M | 82.00M | 84.00M | 93.00M | 85.00M | 72.00M | 72.00M | 69.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 49.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | 4.30 | -54.63M | -80.96M | -148.58M | -123.36M | -287.56M | -65.14M | -52.71M | -35.00M | -50.00M | -14.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 37.00M | -51.50M | 3.30M | 800.00K | 0.00 | -6.80M | -2.80M | -8.80M | 1.00M | -3.60M | 0.00 | 88.60M | 74.50M | 69.10M | 66.50M | 45.00M | 36.00M |
| Operating Expenses | 85.00M | -4.30 | 54.63M | 80.96M | 148.58M | 123.36M | 287.56M | 65.14M | 52.71M | 85.00M | 57.00M | 57.00M | 53.00M | -236.00M | -202.00M | 1.72B | 686.00M | -2.23B | -2.88B | -1.40B | 101.40M | 75.20M | 107.40M | -16.80M | 125.60M | 13.60M | 99.30M | 52.60M | 65.10M | 61.30M | 69.70M | 48.70M | 177.10M | 149.30M | 118.90M | 141.00M | 150.80M | 134.60M | 106.50M |
| Cost & Expenses | 231.00M | 116.73M | 236.29M | 316.02M | 425.42M | 814.98M | 674.50M | 257.94M | 262.07M | 245.00M | 128.00M | 105.00M | 99.00M | -236.00M | -202.00M | 1.72B | 686.00M | -2.23B | -2.88B | -1.40B | 101.40M | 75.20M | 107.40M | -16.80M | 125.60M | 13.60M | 99.30M | 52.60M | 65.10M | 61.30M | 69.70M | 48.70M | 177.10M | 149.30M | 118.90M | 141.00M | 150.80M | 134.60M | 106.50M |
| Interest Income | 0.00 | 2.00M | 84.00M | 93.00M | 1.00M | 96.00M | 1.00M | 2.00M | 5.00M | 7.00M | 9.00M | 21.00M | 24.00M | 19.00M | 16.00M | 17.00M | 21.00M | 11.00M | 11.00M | 10.00M | 13.30M | 20.10M | 24.50M | 21.70M | 35.90M | 25.40M | 31.70M | 6.10M | 11.70M | 14.30M | 12.70M | 17.30M | 25.10M | 18.70M | 26.50M | 17.40M | 14.80M | 11.60M | 5.00M |
| Interest Expense | 107.00M | 123.95M | 124.29M | 130.59M | 129.53M | 171.92M | 129.87M | 134.18M | 224.41M | 112.00M | 90.00M | 101.00M | 101.00M | 89.00M | 146.00M | 224.00M | 311.00M | 324.00M | 380.00M | 346.00M | 302.60M | 281.20M | 276.30M | 271.30M | 269.90M | 281.20M | 203.20M | 192.90M | 150.00M | 117.20M | 93.90M | 110.50M | 104.20M | 78.80M | 56.20M | 29.10M | 27.80M | 34.40M | 23.80M |
| Depreciation & Amortization | -222.00M | 3.00M | 5.00M | 4.00M | 4.00M | 5.00M | 6.00M | 4.00M | 1.00M | 1.00M | 1.00M | 2.00M | 1.00M | 11.00M | 16.00M | 14.00M | 15.00M | 15.00M | 11.00M | 1.00M | -900.00K | 600.00K | 1.30M | 600.00K | 400.00K | 800.00K | 1.10M | 900.00K | 900.00K | 700.00K | 600.00K | 600.00K | 700.00K | 300.00K | 200.00K | 300.00K | 400.00K | 800.00K | 1.50M |
| EBITDA | 122.00M | -944.00M | 326.44M | 270.00M | 383.00M | 497.00M | 295.51M | 511.96M | 634.08M | 1.90B | 1.20B | 357.00M | 580.00M | 930.00M | 1.29B | -3.69B | -1.28B | 1.78B | 2.22B | 1.25B | 462.20M | 456.10M | 448.90M | 359.40M | 426.70M | 337.30M | 331.50M | 285.00M | 213.00M | 167.00M | 148.40M | 138.30M | 138.20M | 110.10M | 101.20M | 99.10M | 84.60M | 65.30M | 46.40M |
| EBITDA Ratio | 21.22% | 76.90% | 58.01% | 48.29% | 45.44% | 45.46% | 34.84% | 66.50% | 70.76% | 347.84% | 317.84% | 117.93% | 176.20% | 216.44% | 195.43% | -157.40% | 44.50% | 341.45% | 321.01% | 206.29% | 92.87% | 99.76% | 94.88% | 100.58% | 86.59% | 108.77% | 89.70% | 86.43% | 79.43% | 76.41% | 72.89% | 82.24% | 78.04% | 73.74% | 85.11% | 70.28% | 56.10% | 48.51% | 43.57% |
| Operating Income | 344.00M | 388.68M | 326.44M | 295.13M | 354.30M | 539.38M | 295.51M | 511.96M | 634.08M | 1.94B | 1.25B | 379.00M | 558.00M | 901.00M | 1.26B | -3.60B | -1.32B | 2.20B | 1.99B | 1.24B | 421.80M | 449.80M | 363.60M | 373.80M | 367.10M | 290.90M | 315.80M | 277.00M | 204.00M | 159.60M | 133.20M | 119.20M | 137.50M | 109.80M | 101.00M | 98.80M | 84.20M | 64.50M | 44.90M |
| Operating Income Ratio | 59.83% | 76.90% | 58.01% | 48.29% | 45.44% | 45.46% | 34.84% | 66.50% | 70.76% | 349.10% | 313.57% | 115.20% | 168.07% | 302.35% | 318.53% | -650.18% | -204.81% | 339.14% | 288.26% | 205.96% | 84.75% | 99.62% | 84.26% | 90.68% | 74.57% | 77.76% | 89.39% | 84.30% | 74.81% | 69.85% | 66.27% | 71.51% | 77.64% | 73.54% | 84.95% | 70.07% | 55.84% | 47.92% | 42.16% |
| Total Other Income/Expenses | -329.00M | -1.27B | 772.00M | -1.27B | -1.44B | -744.00M | 144.00M | -316.96M | 839.00M | 1.35B | 735.00M | -95.00M | -79.00M | -71.00M | -127.00M | -326.00M | -288.00M | -1.44B | -491.00M | -506.00M | -235.80M | -202.00M | -192.30M | -286.30M | -210.70M | -235.60M | -126.80M | -185.80M | -141.90M | -110.50M | -79.30M | -92.00M | -104.20M | -78.80M | -56.20M | -29.10M | -27.80M | -34.40M | -23.80M |
| Income Before Tax | 15.00M | -682.30M | 977.95M | -908.88M | -1.13B | -427.83M | 463.80M | 186.29M | 1.41B | 1.79B | 1.11B | 260.00M | 479.00M | 830.00M | 1.13B | -3.93B | -1.61B | 1.44B | 1.50B | 738.00M | 186.00M | 174.30M | 171.30M | 87.50M | 156.40M | 55.30M | 127.20M | 91.20M | 62.10M | 49.10M | 53.90M | 27.20M | 33.30M | 31.00M | 44.80M | 69.70M | 56.40M | 30.10M | 21.10M |
| Income Before Tax Ratio | 2.61% | -135.00% | 173.79% | -148.72% | -144.79% | -36.06% | 54.69% | 24.20% | 156.97% | 321.76% | 278.89% | 79.03% | 144.28% | 278.52% | 286.29% | -709.03% | -249.46% | 221.88% | 217.10% | 122.19% | 37.37% | 38.60% | 39.70% | 21.23% | 31.77% | 14.78% | 36.00% | 27.75% | 22.77% | 21.49% | 26.82% | 16.32% | 18.80% | 20.76% | 37.68% | 49.43% | 37.40% | 22.36% | 19.81% |
| Income Tax Expense | 14.00M | 6.02M | -2.73M | 39.18M | -2.54M | 1.31M | -7.95M | -1.30M | -49.70M | 24.00M | -6.00M | -24.00M | -1.00M | -10.00M | -12.00M | -47.00M | -46.00M | -1.01B | 314.00M | 84.00M | 14.50M | 33.70M | 11.90M | 26.30M | 27.60M | 2.60M | 19.60M | 15.20M | 10.90M | 14.60M | 12.20M | 5.30M | 5.90M | 7.00M | 13.10M | 22.30M | 18.30M | 5.50M | 4.40M |
| Net Income | -1.00M | -1.25B | 1.32B | -1.35B | -1.30B | -381.90M | 493.00M | 193.00M | 2.03B | 1.71B | 1.11B | 284.00M | 480.00M | 840.00M | 1.14B | -3.88B | -1.56B | 2.45B | 1.18B | 654.00M | 171.50M | 140.60M | 159.40M | 61.20M | 128.70M | 52.20M | 107.30M | 75.80M | 51.00M | 34.50M | 41.70M | 21.40M | 26.30M | 24.00M | 31.70M | 47.20M | 37.70M | 24.10M | 16.70M |
| Net Income Ratio | -0.17% | -247.14% | 233.74% | -220.30% | -167.26% | -32.19% | 58.13% | 25.07% | 226.05% | 307.55% | 277.89% | 86.32% | 144.58% | 281.88% | 289.34% | -700.54% | -242.33% | 377.97% | 171.59% | 108.28% | 34.46% | 31.14% | 36.94% | 14.85% | 26.14% | 13.95% | 30.37% | 23.07% | 18.70% | 15.10% | 20.75% | 12.84% | 14.85% | 16.08% | 26.66% | 33.48% | 25.00% | 17.90% | 15.68% |
| EPS | 0.00 | -1.35 | 1.42 | -1.45 | -1.40 | -0.39 | 0.49 | 0.24 | 1.86 | 1.68 | 1.11 | 0.32 | 0.54 | 0.96 | 1.33 | -6.16 | -2.10 | 3.91 | 1.89 | 1.07 | 0.27 | 0.21 | 0.26 | 0.10 | 0.21 | 0.08 | 0.18 | 0.13 | 0.09 | 0.07 | 0.10 | 0.07 | 0.09 | 0.08 | 0.11 | 0.16 | 0.14 | 0.11 | 0.09 |
| EPS Diluted | 0.00 | -1.35 | 1.41 | -1.45 | -1.40 | -0.39 | 0.49 | 0.19 | 1.86 | 1.67 | 1.10 | 0.32 | 0.54 | 0.95 | 1.33 | -6.14 | -2.08 | 3.89 | 1.88 | 1.04 | 0.27 | 0.21 | 0.25 | 0.10 | 0.21 | 0.08 | 0.18 | 0.13 | 0.09 | 0.07 | 0.10 | 0.07 | 0.09 | 0.08 | 0.11 | 0.16 | 0.14 | 0.11 | 0.09 |
| Weighted Avg Shares Out | 927.64M | 926.79M | 927.00M | 927.00M | 933.64M | 970.00M | 1.01B | 1.09B | 1.09B | 1.08B | 999.00M | 895.00M | 887.00M | 878.00M | 857.00M | 630.00M | 745.86M | 627.59M | 626.38M | 614.31M | 626.38M | 668.62M | 719.80M | 625.29M | 625.17M | 624.21M | 703.62M | 601.52M | 546.64M | 452.65M | 391.98M | 342.84M | 328.21M | 289.31M | 289.06M | 288.54M | 274.42M | 220.26M | 179.70M |
| Weighted Avg Shares Out (Dil) | 927.00M | 927.00M | 930.00M | 927.00M | 934.00M | 971.00M | 1.02B | 1.09B | 1.09B | 1.08B | 1.00B | 901.00M | 892.00M | 882.00M | 860.00M | 632.00M | 751.90M | 630.00M | 628.79M | 626.38M | 626.38M | 668.62M | 719.80M | 625.29M | 625.17M | 624.21M | 703.62M | 601.52M | 546.64M | 452.65M | 391.98M | 342.84M | 328.21M | 292.39M | 289.06M | 288.54M | 274.42M | 220.26M | 179.70M |
British Land: An Interesting Income And Value Play In The European Real Estate Sector
British Land's strategy of focusing on central London locations and retail parks has proven effective, maintaining high occupancy rates and resilient operating trends despite market challenges. The company's financial health is strong, with a conservative leverage approach and a lower-than-average...
British Land poses substantial upside potential, suggests UBS
UBS has reaffirmed its buy rating on British Land Company PLC (LSE:BLND) with a 515p price target following the real estate investment trust's resilient first-half earnings. The price target implies a 36% upside to British Land's current share price of 379.4p.
British Land Expects Retail Park Boost as Shops Seek Cheaper Space
British Land expects more shops to move to retail parks to offset anticipated higher costs following the U.K. government's budget last month.
British Land's retail parks prove a first-half saving grace
British Land Company PLC (LSE:BLND) reported a stable overall portfolio valuation in the first half of 2024, supported by strong performance in retail parks, which offset declines in other segments. Retail parks experienced a 5.1% uplift in value, contributing to...
British Land raises £301m to buy retail parks
British Land Company PLC (LSE:BLND) shares dipped 1.4% after the real estate investment trust agreed to raise £301 million at a slight discount to buy a group of retail parks. The FTSE 100 group said yesterday it is buying a portfolio...
UK property stocks are hot again, says Morgan Stanley
Morgan Stanley (NYSE:MS) upgraded its view on European real estate and UK property developers in particular, seeing confidence returning to a sector where "balance sheets are healthy and assets have been marked down". Analysts at the investment bank upgraded their...
British Land: Improving Outlook Is Not Reflected In Its Valuation
British Land Company PLC reported positive earnings for FY 2024, showing resilience in the office market despite challenges. The company's focus on quality real estate and portfolio allocation strategy bodes well for future growth and property valuations. With an attractive...
British Land unhappy with Cineworld rescue plans, report suggests
British Land Company PLC (LSE:BLND), the FTSE 250 property giant, might vote against a restructuring of cinema owner Cineworld's British operations, according to a report today. Cineworld wants revised rent deals for more than fifty of its outlets according to...
Kingfisher appoints new CFO from British Land
Kingfisher PLC (LSE:KGF) rose slightly as it unveiled British Land's finance head Bhavesh Mistry as its new Chief Financial Officer. Mistry will succeed current CFO Bernard Bot, who is stepping down to pursue a non-executive career.
British Land beats sector gloom with retail parks bet
Commercial landlord British Land has outperformed the broader UK property market, thanks to its strategy of adding more out-of-town retail parks to its portfolio that has allowed it to weather beaten-down building values in the sector.
Source: https://incomestatements.info
Category: Stock Reports