British Land Posts Leasing Progress for Fiscal Q1

British Land Co. (BLND.L) secured 567,000 square feet of leases in its fiscal first quarter ended June 30, with another 1.1 million square feet under offer. The property company noted in a trading update on Tuesday that its completed leases for the first quarter were 4.8% ahead of estimated rental value and 8.7% ahead of the previous passing rent. British Land reiterated its guidance for underlying EPS of at least 0.305 pound sterling for fiscal 2027.