British Land (LON:BLND) First Half 2023 Results

Key Financial Results

• Revenue: UK£215.0m (down 3.6% from 1H 2022).

• Net loss: UK£34.0m (down by 109% from UK£370.0m profit in 1H 2022).

• UK£0.037 loss per share (down from UK£0.40 profit in 1H 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

British Land Earnings Insights

Looking ahead, revenue is forecast to stay flat over the next 3 years compared to a 5.7% growth forecast for the REITs industry in the United Kingdom.

Performance of the British REITs industry.

The company’s shares are down 1.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for British Land (1 doesn’t sit too well with us!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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