British Land reported like-for-like net rental growth of 6% over the full year, helped by 12% growth in Campuses as more AI companies took on space.
Estimated rental value rose by 4.9% over the full year, towards the top end of its 3-5% annual growth guidance.
Occupancy rates at its Retail Parks and Campuses were 99% and 95% respectively.
Full-year underlying earnings per share (EPS) is expected to rise by 1% to 28.9p (expected: 28.9p).
For 2027, underlying EPS guidance has been upgraded from at least 30.2p to at least 30.5p (expected: 30.4p).
The shares rose 2.1% in early trading.
Our view
HL view to follow.
British Land key facts
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This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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