For the full financial year of 2026, British Land recorded an underlying profit of £294m which was up from £279m for 2025.

Over this period, British Land recorded a 7.4% total property return and a total accounting return of 8.1%.

Portfolio occupancy is high at 96.9%, with retail and London urban logistics in particular at 99%.

Simon Carter, CEO at British Land (pictured above), said the REIT’s Central London office net take up is at its highest in 20 years.

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Additionally, results have been supported by exposure to the retail and education sectors.

"A record year of leasing has driven strong ERV growth, like-for-like net rental growth and an attractive earnings outlook,” said Simon.

“We are benefiting from our leading positions in campuses and retail parks, where demand is growing and supply remains constrained.

“Our offer is clearly resonating with customers: we have around a 5% share of the London office market, but accounted for 15% of reported leasing activity last year, rising to 33% in the fourth quarter.”