NTA up 12% as British Land returns to annual profit

Simon Carter British Land

British Land has posted a 12.2% rise in net tangible assets to 727p per share, while the value of net assets came in at £6.7bn, up from just under £6bn 12 months ago.

The property giant turned a pre-tax loss of more than £1bn at the end of March 2021 into a profit of £960m, while basic earnings per share went from a 111.2p loss to a positive 103.3p.

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