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: Too Much Fear Provides Opportunity
The REIT's discount to Net Asset Value is currently at 40%. The group is well funded and largely inflation protected.
British Land Company Plc. (BTLCY) Q2 2023 Earnings Call Transcript
British Land Company Plc. (OTCPK:BTLCY) Q2 2023 Results Conference Call November 16, 2022 4:00 AM ET Company Participants Simon Carter - Chief Executive Officer Bhavesh Mistry - Chief Financial Officer Darren Richards - Head of Real Estate Jo Waddingham -...
British Land: Still Well Run, But Net Yield Is Too Low For Me
British Land managed to improve results for FY 2022. It is still a well managed REIT with conservative gearing.
British Land: Fair Value And A 6% Yield
British Land business performance is improving and it has a defensive asset base in the long term. The yield of 6.3% attracts me though the business itself looks unexciting.
Is British Land a Boom or Bust Stock?
The U.K. real estate sector could be one of the most attractive places to invest going into the second half of the year, in my opinion. According to data from Her Majesty's Land Registry, average house prices in the U.K....
British Land Company Plc's (BTLCY) CEO Simon Carter on Q4 2022 Results - Earnings Call Transcript
British Land Company Plc (OTCPK:BTLCY) Q4 2022 Earnings Conference Call May 18, 2022 4:00 AM ET Company Participants Simon Carter - Chief Executive Officer Bhavesh Mistry - Chief Financial Officer Darren Richards - Head of Real Estate Jo Waddingham -...
FDEU: European Equity CEF With Fully Covered 6.89% Yield And A -13.45% Discount
FDEU: European Equity CEF With Fully Covered 6.89% Yield And A -13.45% Discount
British Land: Progressing Well, Although At A Low Yielding Dividend
British Land shows good progress with its plan. Property valuation and collection of unpaid rent have improved.
Big caps to dominate in coming week with Royal Mail, Vodafone, Imperial Brands, British Land and SSE on the corporate calendar
The FTSE 100 index will dominate another trading week as constituents Royal Mail PLC (LSE:RMG), Vodafone plc, Imperial Brands PLC (LSE:IMB), British Land Company PLC (LSE:BLND) and SSE PLC (LSE:SSE) are due to release updates in the coming week. The...
British Land: Solid Foundation And A Promising Pipeline Of New Projects
British Land Company Plc earnings were down 34.3% which was expected. A solid balance sheet and a large pipeline of new projects should ensure growth will continue post the pandemic.
Source: https://incomestatements.info
Category: Stock Reports