Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
British Land Company PLC is a leading UK real estate investment trust (REIT) specializing in the ownership, management, development, and financing of high-quality commercial properties. Founded in 1856 and headquartered in London, the company focuses on sectors with robust operational fundamentals, including office-led campuses in Central London, retail parks across the UK, and London urban logistics. Its diversified portfolio, valued at approximately £15.2 billion as of late 2025 (British Land share: £9.5 billion), features prominent assets like the Broadgate Estate, Regent's Place, and mixed-use developments such as Canada Water, which integrates offices, retail, residential, leisure, and public spaces. British Land emphasizes sustainability through initiatives in greener spaces, thriving communities, and responsible governance, creating 'Places People Prefer' that deliver long-term value for stakeholders. As a FTSE 100 constituent, it plays a pivotal role in the UK property market, managing properties leased to major retailers and driving urban regeneration projects.
£4.17
£0.01 (-0.19%)
EOD Jul 3, 2026
57.36% operating margin is above average. ROIC at 3.41%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 15.2% YoY with margins expanding 2.5pp.
Net debt of £2.93B represents 15.8x FCF, leverage limits flexibility.
9.2x earnings, 22.6x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£523M
▲ +15.2% YoY
Net Income (TTM)
£454M
▲ +34.3% YoY
Op. Margin
57.36%
▲ +2.5pp YoY
ROIC
3.41%
▲ +0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£185M
▲ +242.6% YoY
Op. Cash Flow (TTM)
£185M
▲ +242.6% YoY
Net Debt
£2.93B
Cash & Equiv.
£176M
3Y CAGR: +7.8%
3Y CAGR: +81.4%
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At a P/E of 9.2 and a price-to-free-cash-flow of 22.6, British Land Company (BLND.XLON) trades below a two-stage DCF intrinsic value of about £6.41 per share, so at £4.17 the stock looks undervalued (53.6% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, British Land Company scores 82/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.5%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £6.41 per share for BLND.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £4.81. At today's £4.17, that puts the stock about 53.6% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
British Land Company scores 82 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 57.4% operating margin and a 3.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, British Land Company pays a regular dividend of about £0.23 per share per year (typically in quarterly installments), a yield of roughly 5.5% at the current price. That is a payout ratio of about 50.4% of earnings, so the dividend is well covered. British Land Company has grown the dividend at roughly 10.2% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For BLND.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. BLND.XLON currently trades below its estimated intrinsic value and scores 82/100 on quality (high-quality). It also yields about 5.5%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.