British Land posts steady annual figures

Chris Grigg

British Land produced a 5.7% rise in net asset value (NAV) for the year to the end of March, but underlying profit dipped 2.6% following £1.5bn in sales of income producing assets.

NAV per share stood at 967p at the end of the year, while underlying profit fell to £380m, compared to £390m last year. Valuation of the group’s portfolio rose 2.2% to £13.94bn. The group also revealed a 3% rise in its dividend to 30.08p a share.

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