British Land Company Plc.

The British Land Company plc (LSE: BLND) is a major property developer in the UK. It was founded in 1856 as a part of the National Freehold Land Society. The society was set up to help people to become freeholders to allow them to vote.

Over half of British Land’s property is tied up in the retail market today, with groups such as Tesco, Sainsbury’s, House of Fraser and Asda all leasing British Land real estate.

As at 31 March 2011, British Land’s total properties owned or under management were valued at £14.6 billion, of which its share was £9.6 billion. 66% of the protfolio is invested in retail and 32% in offices.

4% of British Land’s assets are outside of the UK with most investments in Spain, Portugal and France.

British Land also have ADR shares listed in America and traded over the counter market.

Company Information

VAT Number: 240 2687 78. Registered in England: Co. No. 621920

British Land Dividend Payments

British Land is now a REIT (Real Estate Investment Trust) and is therefore required to distribute 90% of its tax-exempt profits from its property rental business as the Property Income Distribution or PID.

British Land pay 4 dividends each year, with interim dividends paying in November, February, May and August.

They also offer a Scrip dividend plan giving shareholders the option of receiving new ordinary shares in place of the cash dividend. You can learn more about British Land’s scrip dividend plan along with hostoric payments here: www.britishland.com/index.asp?pageid=160

 

  1 comment for “British Land Company Plc.

  1. SHP
    June 1, 2011 at 5:43 pm

    British Land have secured a tenant for the Leadenhall Building (also known as the Cheese Grater). Aon have agreed to rent around 10 of the 19 floors in the new building which is set to be completed in 2014.

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