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BRLAF / British Land: Current Valuation Appears Worth The Risk
In a tough macro environment for REITs, British Land has been dragged down along with the wider UK REIT sector. Central London office exposure remains a point of some concern in the long run, though with no near-term refinancing needs, I believe British Land can ride out the current storm. On a steep discount to NAV and with a 7%-plus dividend yield, the valuation here looks depressed enough, albeit with no shortage of risks attached.
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Posted: Oct 13 2023, 05:13
Author Name: Seeking Alpha
Views: 092040
BRLAF News
By Seeking Alpha
October 13, 2023
British Land: Current Valuation Appears Worth The Risk
In a tough macro environment for REITs, British Land has been dragged down along with the wider UK REIT sector. Central London office exposure remains more_horizontal