British land published its Q1 (end June) interim results. Retailers' conditions remained strong with footfall up 0.9% (+240bp above the market) and retailers' sales up 3.3%. Cost of debt is now at 3.6%, down 20bp following a £350m convertible bond issue and LTV stands at 36.5% (on March 2015 valuations). The Leadenhall Building is now 90% let from 84% at FY 15 and the Q1 interim dividend is confirmed at 7.091p, up 2.5% yoy.
20 Jul 2015
Q1 interim results: a good start to the year
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Q1 interim results: a good start to the year
British Land Company PLC (BLND:LON) | 378 39.3 2.8% | Mkt Cap: 3,508m
- Published:
20 Jul 2015 -
Author:
Alda Kule Dale -
Pages:
2
British land published its Q1 (end June) interim results. Retailers' conditions remained strong with footfall up 0.9% (+240bp above the market) and retailers' sales up 3.3%. Cost of debt is now at 3.6%, down 20bp following a £350m convertible bond issue and LTV stands at 36.5% (on March 2015 valuations). The Leadenhall Building is now 90% let from 84% at FY 15 and the Q1 interim dividend is confirmed at 7.091p, up 2.5% yoy.