British Land Falls as Landlord Sees Flat Earnings Next Year
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British Land Co. expects earnings to be flat next year as the company works to replace lost income from buildings it has sold with new developments currently in progress.
The landlord reiterated its guidance for rental growth of 3% to 5% across its portfolio with underlying profit growth of 2%, according to a statement Tuesday. British Land shares fell as much as 7% and were trading at 391.8 pence at 8:37 a.m. in London.
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