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(BLND) British Land Co General Share Chat

Discussion in 'General Share Chat' started by Microem1, Nov 6, 2015.

  1. Microem1

    Microem1 Administrator

    (BLND) British Land Co General Share Chat
  2. Mongoose82

    Mongoose82 A Legendary Member

    Read Beaufort Securities's note on BRITISH LAND CO PLC (BLND), out this morning, by visiting https://www.research-tree.com/company/GB0001367019

    "British Land's performance for the year was promising, with a significant rise in underlying profit and sharp rise in the value of the company's assets. The company managed to deliver in line with its strategic objectives with strong rental growth and a high occupancy rate of 99% across its £9.6bn portfolio of offices, shops and homes. However, the prime market was impacted by both increased supply and recent tax changes, leading to a slowdown in transaction volumes. The company's business is resilient as it owns a modern portfolio that is nearly fully let to quality occupiers on long leases, yet it faces great uncertainty ahead of the EU referendum. A vote in favour of leaving the EU is likely to have an adverse effect on the property sector in general and in turn impact the company's prospects as well. Thus, in view of the uncertain environment, we would like to wait and watch before making an investment decision and, therefore..."

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