British Land Company Plc (BLND) Q4 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for British Land Company Plc.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:01.178 -- 00:00:06.164 We'll make a start. Good morning, everyone, and thank you very much for joining us. 00:00:06.164 -- 00:00:10.230 Great to have a nice turnout in the room. Probably helpful the tube strikes were called 00:00:10.230 -- 00:00:14.034 off. I was a bit worried we'd be presenting to ourselves, but no, here we go. 00:00:14.034 -- 00:00:17.819 So today we'll follow the usual running order. 00:00:17.819 -- 00:00:23.126 I'll start with a strategic update. Then David will take you through the financial performance 00:00:23.126 -- 00:00:28.193 and our attractive earnings outlook. Over the next 30 minutes, you'll see 00:00:28.193 -- 00:00:33.204 how this is driven by two things. First, our market-leading positions in sectors 00:00:33.204 -- 00:00:38.711 with strong fundamentals. And second, our active approach to asset management. 00:00:38.711 -- 00:00:43.997 We've long believed that hands-on asset management is a key source of outperformance. 00:00:43.997 -- 00:00:48.703 Never has that been more evident, and Kelly will give you some great examples later. 00:00:48.703 -- 00:00:53.169 So let me start with the occupational fundamentals of our markets and our competitive 00:00:53.169 -- 00:00:58.355 positioning within them. Our campuses and retail parks now represent 00:00:58.355 -- 00:01:03.443 90% of our business. and they're market leading, both in scale 00:01:03.443 -- 00:01:05.804 and in quality. 00:01:05.826 -- 00:01:10.591 And I'm struggling to remember a time when the occupational fundamentals were as favourable 00:01:10.591 -- 00:01:15.677 as they are today, with net absorption very strong and supply constrained 00:01:15.677 -- 00:01:17.940 in both our markets. 00:01:17.940 -- 00:01:23.086 Together with our active approach to asset managem...