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British Land, Intu and Workspace tell you property is dull, dull, dull (at best)

By Chris Bailey | Wednesday 14 November 2018


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


The lead headline in today's British Land (BLND) results is about rental growth but look at some of the other data: 'portfolio value down 1.9%...NAV down 2.9%' and a statutory loss. Yes, the interim dividend was upped by 3% but far more insightful is the continuing sale of assets by the company…

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