British Land published uncomfortable H1 18 results, but its long-term strategy should push up its operating profitability and asset value in the future. Underlying profit decreased by 14.6% yoy to £169m. The diluted underlying EPS dropped by 10.4% yoy to 17.2p, lower than expected by analyst consensus. It was negatively impacted by one-off surrender premia received last year. The value of the portfolio was down by 1.9%, mainly due to the lower valuation of the Retail assets (-4.5%). Off
14 Nov 2018
Retail market still under pressure
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Retail market still under pressure
British Land Company PLC (BLND:LON) | 396 0 0.0% | Mkt Cap: 3,673m
- Published:
14 Nov 2018 -
Author:
Laura Parisot -
Pages:
3
British Land published uncomfortable H1 18 results, but its long-term strategy should push up its operating profitability and asset value in the future. Underlying profit decreased by 14.6% yoy to £169m. The diluted underlying EPS dropped by 10.4% yoy to 17.2p, lower than expected by analyst consensus. It was negatively impacted by one-off surrender premia received last year. The value of the portfolio was down by 1.9%, mainly due to the lower valuation of the Retail assets (-4.5%). Off