British Land Hit by Retail Weakness

FTSE 100 REIT makes a loss for the full year as its retail property portfolio is valued lower, but the dividend has been increased

James Gard 15 May, 2019 | 10:37AM

City of London

FTSE 100 real estate investment trust British Land (BLND) reported a loss in its most recent financial year as it took a £620 million hit from property revaluation.      

In the year to the end of March, British Land made a pre-tax loss of £319 million, compared with a £501 million profit the year before.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
British Land Co PLC405.43 GBX6.69

About Author

James Gard  is content editor for Morningstar.co.uk

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