British Land : H1 FY25 results: guidance increased, retail outperformance
>FY 2025 guidance increased, marginally positive revaluations - Campus like-for-like rental growth was +3.8%, with occupancy improving +130bps since March. Lettings and renewals totalled 957,000 sq ft, 8.3% ahead of ERV and 28.5% above previous passing rent.Retail and urban logistics: +2.0% Like-for-like income growth, with occupancy up 30bps to 98.8% since March. 759,000 sq ft signed or in solicitors’ hands +8.4% above ERV and +0.8% above previous passing rent.§...British Land Company is a real estate investment trust. Co. is a U.K. commercial property company focused on retail and London offices. Co.'s Retail portfolio is focused on a network of multi-let Regional and Local centers, reflecting modern consumer lifestyles. Co. provides retail and leisure with services meeting a range of consumer needs. Co. provides places to shop, eat and be entertained. Co.'s Offices portfolio is focused on its London campuses which also include a mix of retail, leisure and residential.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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