Goldman Sachs keeps Buy rating on British Land stock at 500 GBp

Published on 10/13/2026 at 07:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Underlying profit rose 5.00 percent in fiscal 2026. British Land stock stands at GBP 5.90 NTA per share versus GBP 5.67.

Key points in brief

Goldman Sachs retained a Buy rating and a 500 GBp price target for British Land in an October 2, 2026 report.
Underlying profit rose 5.00 percent in fiscal 2026, while EPRA NTA per share increased 4.00 percent to GBP 5.90.
The last Lang & Schwarz quote was EUR 4.68 on October 12, 2026 at 11:00 p.m. CEST.
British Land is listed on the London Stock Exchange and is a FTSE 100 real estate company.

British Land, GB0001367019, Illustration mit AI erstellt.

British Land (ISIN GB0001367019) had a 500 GBp price target and Buy rating from Goldman Sachs in a report released October 2, 2026, as Markets Insider reported. The last Lang & Schwarz quote was EUR 4.68 on October 12, 2026 at 11:00 p.m. CEST.

Three dated operating signals

On May 20, 2026, British Land reported fiscal 2026 underlying profit growth of 5.00 percent and underlying earnings per share growth of 1.00 percent. The results also showed a 4.00 percent increase in EPRA NTA per share to GBP 5.90, compared with GBP 5.67 in fiscal 2025, according to Yahoo Finance.

On June 11, 2026, British Land said Wingstop UKI had taken seven units across its retail parks. The company also reported that its portfolio was concentrated in London campuses and retail parks, with 90 percent of assets in those sectors, in its investor materials.

On October 2, 2026, Goldman Sachs lifted its British Land target to 500 GBp from 490 GBp while keeping a Buy rating, according to Markets Insider. The target change places the analyst view above the last London quotation, but the euro quote and the pence target are separate currencies and are not combined.

What does the 4 percent NTA rise mean

The fiscal 2026 figures point to an earnings-led investment case rather than a valuation story based only on property values. Underlying profit rose 5.00 percent, NTA per share gained 4.00 percent, and the proposed total dividend reached GBP 0.2312, up 1.00 percent from GBP 0.2280 in fiscal 2025.

The operating data also show where the growth is coming from. Like-for-like net rents increased 6.00 percent in fiscal 2026, while campus growth reached 12.00 percent and administrative costs fell 9.00 percent, according to Yahoo Finance. Higher finance costs reduced earnings per share by GBP 0.034, providing a measurable counterweight to leasing progress.

Stock remains below its yearly high

On the London Stock Exchange, British Land was last at GBp 394.40 on October 12, 2026 at 6:15 p.m. London time. The same quotation showed a 52-week range of GBp 335.40 to GBp 451.60, putting the last London quotation 12.66 percent below the yearly high.

That gap gives the Goldman target a clear market context, while the latest operating figures provide the fundamental context. The combination of 5.00 percent underlying profit growth and 4.00 percent NTA growth is the central counterpoint to higher financing costs.

Last euro quote and investor context

The last available Lang & Schwarz price was EUR 4.68 on October 12, 2026 at 11:00 p.m. CEST. The London Stock Exchange quotation was separately last at GBp 394.40 on October 12, 2026 at 6:15 p.m. London time.

The further course of trading is shown by the continuously updated real-time quote of British Land stock.