British Land Co PLC (OTCPK:BRLAF)
$ 5.69 0.08 (1.43%) Market Cap: 4.90 Bil Enterprise Value: 7.90 Bil PE Ratio: 21.45 PB Ratio: 0.68 GF Score: 71/100

Full Year 2023 British Land Company PLC Earnings Call Transcript

May 17, 2023 / 08:00AM GMT
Release Date Price: $4.66
Simon G. Carter
British Land Company Plc - CEO & Director

Well, Good morning, everyone, and welcome back to 100 Liverpool Street. One of the advantages of doing our results here is you get to see firsthand how some of our major developments are progressing. Just 6 months ago, we were here, 1 Broadgate was a hole in the ground; 6 months on we're now at level 12 on the [core]. And hopefully, you'll all agree that Broadgate is really buzzing this morning.

We'll follow the usual running order. Bhavesh will take you through our financial results. Darren will provide an operational update, and I'll wrap up with the strategy and the outlook. But before we do that, I just wanted to go through the headlines.

Clearly, the macroenvironment has been quite challenging and volatile over the last 12 months. Despite this, our operational performance has been strong. Underlying profit is up 7%, driven by like-for-like rental growth of 6%, additional fee income and a tight grip on the cost base.

The dramatic rise in interest rates that we saw during the year increased investors' return

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot