Last 860.00 GBp
Change Today +11.50 / 1.36%
Volume 584.4K
As of 5:56 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

british land co plc (BLND) Snapshot

Open
853.00 GBp
Previous Close
848.50 GBp
Day High
864.50 GBp
Day Low
850.50 GBp
52 Week High
03/5/15 - 864.50 GBp
52 Week Low
04/14/14 - 645.50 GBp
Market Cap
8.8B
Average Volume 10 Days
3.2M
EPS TTM
1.66 GBp
Shares Outstanding
1.0B
EX-Date
03/26/15
P/E TM
5.2x
Dividend
27.51 GBp
Dividend Yield
3.18%
Current Stock Chart for BRITISH LAND CO PLC (BLND)

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british land co plc (BLND) Details

The British Land Company Public Limited Company engages in managing, financing, and developing commercial property in the United Kingdom. Its property portfolio comprises retail warehouses, super stores, town shopping centers, department stores, high street shops, retail parks, and supermarkets. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The British Land Company Public Limited Company was founded in 1856 and is based in London, United Kingdom.

526 Employees
Last Reported Date: 06/6/14
Founded in 1856

british land co plc (BLND) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: 1.9M GBP
Chief Financial Officer, Executive Director, ...
Total Annual Compensation: 930.0K GBP
Head of Offices & Residential, Executive Dire...
Total Annual Compensation: 931.5K GBP
Head of Retail & Leisure, Executive Director,...
Total Annual Compensation: 930.0K GBP
Compensation as of Fiscal Year 2014.

british land co plc (BLND) Key Developments

British Land Co PLC Announces £485 Million Revolving Credit Facility

British Land Co PLC announced that it has signed a new £485 million unsecured revolving credit facility (RCF) at an initial margin of 90 bps with a syndicate of 7 banks. The facility has a maturity of five years which may be extended to a maximum of seven years, on British Land's request and on each bank's approval for their participation. The terms of the facility include British Land's standard unsecured financial covenants. This facility replaces the £560 million RCF which would have matured in May 2016 and is an extension and re-pricing of the £310 million RCF which was due to expire in May 2018. This re-arrangement cancels £400 million of facilities, reducing the overall quantum of RCFs. The margin is below that on both previous facilities and holding costs are significantly reduced, lowering overall financing costs. The Royal Bank of Scotland plc acted as Documentation and Facility Agent. The Royal Bank of Scotland plc, Santander Global Banking & Markets, Bank of Tokyo-Mitsubishi UFJ and Barclays Bank were appointed Joint Co-ordinators and Bookrunners, and were Mandated Lead Arrangers. Commitments were also provided by Bank of China and Crédit Agricole Corporate and Investment Bank, also as Mandated Lead Arrangers, and by Handelsbanken as Lead Arranger.

The British Land Company plc Declares Third Interim Dividend Payment for the Quarter Ending December 31, 2014 Payable on May 6, 2015

The British Land Company plc announced that the third interim dividend payment for the quarter ending 31 December 2014 will be 6.92 pence per share, a 2.5% increase on the comparable period last year. The third interim dividend will be paid on 6 May 2015 to shareholders on the register at close of business on 27 March 2015. The current issued share capital (excluding Treasury shares) is 1,019,726,112 ordinary shares of 25 pence each. An announcement on the split between PID and non-PID income along with the availability of any scrip dividend alternative will be made no later than 4 business days before the ex-dividend date of 26 March 2015.

The British Land Company plc Reports Consolidated Net Debt as on December 31, 2014

The British Land Company PLC reported consolidated net debt as on December 31, 2014. The company reported proportionally consolidated net debt lower at £4.5 billion compared to £4.7 billion as at 30 September 2014.

 

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BLND

Industry Average

Valuation BLND Industry Range
Price/Earnings 5.0x
Price/Sales 14.5x
Price/Book 1.1x
Price/Cash Flow 4.9x
TEV/Sales 14.5x
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