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British Land raises earnings outlook as AI firms boost London office demand

Company Fundamentals
21 Apr 2026
Proactive Investors
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Bullish
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British Land upgraded its earnings forecast after reporting 6% net rental growth across its campuses and retail parks, driven by strong demand from AI and innovation-focused tenants in London. Rental growth on London campuses reached 12%, with retail parks also performing well at 99% occupancy and rent increases of 6.3%. The company completed the acquisition of Life Science REIT PLC, expected to further boost earnings. It now expects underlying earnings per share of at least 30.5p for the 2027 financial year, up from 30.2p previously, supported by stable property values and rental growth.

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