Despite profit drop, British Land says retail assets strong

For the year to March 31, 2018, British Land Company Plc reported EPRA NAV 967 pence, up 5.7 percent; valuation up 2.2 percent with buyback contributing 15 pence. Underlying profit of 380 million pounds (510.5 million dollars), was down 2.6 percent following 1.5 billion pounds (2 billion dollars) net sales of income producing assets, in the last two financial years. The company’s full year dividend of 30.08 pence, was up 3 percent with a payout ratio of 80 percent. The company declared a final dividend of 7.52 pence.