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British Land Company (BLND) Fair Value & Analysis

Real Estate · GB · Market cap 4.1B GBX

BL British Land Company BLND · LSE
Price£4.18
Fair Value£2.91
Upside-30.3%
Quality97/100
Evidence: High Range £2.50 – £4.16

Fair value as of: Jun 26, 2026

From 25 valuation models · updated 3 days ago

Share price +2.4% over the past month.

Price vs Fair Value (12 months)

£4.27 £3.14 Fair Value £2.91 Jun 2025 Jun 2026

12‑month range £3.14 – £4.27 · fair‑value band £2.50 – £4.16 · the £4.18 price screens above the £2.91 fair value. As of Jun 26, 2026.

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Analysis

British Land Company (BLND) currently trades at £4.18, while our model-based Fair Value estimate is £2.91 — implying the stock looks roughly 30.3% overvalued today. We read business quality at 97/100 (high quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, British Land Company generated revenue of £616M at a net margin of 73.7%. Revenue grew 6.9% year over year. It earns a return on equity of 7.8%. Net debt stands at £3.0B. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 616M GBX
Revenue growth (YoY) +6.9%
Net margin 73.7%
Return on equity 7.8%
Free cash flow 185M GBX FY2026
P/E ratio 8.9
More key figures
Operating margin 62.8%
EPS (TTM) £0.4500
Dividend yield 5.9%
EPS growth (YoY) +2.6%
Net debt 3.0B GBX FY2026

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

British Land Company PLC is a UK commercial property company focused on real estate sectors with the strongest operational fundamentals: London campuses and retail parks. We own or manage a portfolio valued at 15.8bn pounds (British Land share: 10.1bn pounds) as at 31 March 2026. Their purpose is to create and manage Places People Prefer " outstanding places that deliver positive outcomes for all stakeholders on a long term, sustainable basis. They do this by leveraging their best-in-class platform and proven expertise in development, repositioning and active asset management. British Land Company PLC was incorporated in 1856 in United Kingdom.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

British Land Company reported revenue of £525M in FY2026 versus £412M in FY2022, a compound +6.2%/yr. Reported net income was £454M in FY2026, compounding −17.1%/yr from FY2022.

Revenue +6.2%/yr
FY22 £412M
FY23 £418M
FY24 £575M
FY25 £454M
FY26 £525M
Net income −17.1%/yr
FY22 £963M
FY23 −£1.0B
FY24 −£1.0M
FY25 £338M
FY26 £454M

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Frequently asked questions

Is British Land Company (BLND) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £2.91 versus a price of £4.18 — about −30% (overvalued). Model-based estimate, not financial advice.
What is the fair value of BLND?
Our 21-model fair value for British Land Company is £2.91 (as of Jun 26, 2026), built from audited fundamentals. The current price is £4.18.
What is the quality score of BLND?
British Land Company has a Quality Score of 97/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of British Land Company (BLND)?
British Land Company reported trailing-twelve-month revenue of about £616M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of BLND?
The net profit margin of British Land Company is about 73.7%, meaning it keeps roughly 73.7% of revenue as net income. Based on the latest reported figures.
Does British Land Company pay a dividend?
British Land Company currently shows a dividend yield of about 5.85% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.