BRITISH LAND ADR/1 LS-25 (BLDA) - Net Assets
Based on the latest financial reports, BRITISH LAND ADR/1 LS-25 (BLDA) has net assets worth €5.82 Billion EUR (≈ $6.80 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.99 Billion ≈ $10.51 Billion USD) and total liabilities (€3.17 Billion ≈ $3.71 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read how much debt does BRITISH LAND ADR/1 LS-25 carry for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.82 Billion |
| % of Total Assets | 64.7% |
| Annual Growth Rate | -5.51% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.58 |
BRITISH LAND ADR/1 LS-25 - Net Assets Trend (2022–2025)
This chart illustrates how BRITISH LAND ADR/1 LS-25's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of BRITISH LAND ADR/1 LS-25 for the complete picture of this company's asset base.
Annual Net Assets for BRITISH LAND ADR/1 LS-25 (2022–2025)
The table below shows the annual net assets of BRITISH LAND ADR/1 LS-25 from 2022 to 2025. For live valuation and market cap data, see BLDA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €5.71 Billion ≈ $6.68 Billion |
+7.49% |
| 2024-03-31 | €5.31 Billion ≈ $6.21 Billion |
-3.86% |
| 2023-03-31 | €5.53 Billion ≈ $6.46 Billion |
-18.37% |
| 2022-03-31 | €6.77 Billion ≈ $7.91 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to BRITISH LAND ADR/1 LS-25's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 27.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.64 Billion | 63.78% |
| Other Components | €2.07 Billion | 36.22% |
| Total Equity | €5.71 Billion | 100.00% |
BRITISH LAND ADR/1 LS-25 Competitors by Market Cap
The table below lists competitors of BRITISH LAND ADR/1 LS-25 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Schibsted ASA B
OL:SCHB
|
$4.37 Billion |
|
Jiangsu Pacific Quartz Co Ltd
SHG:603688
|
$4.37 Billion |
|
WHITE MTNS INS. GRP DL 1
F:WNI
|
$4.38 Billion |
|
Banco Macro S.A
F:B4W
|
$4.38 Billion |
|
Reynolds Consumer Products Inc
NASDAQ:REYN
|
$4.37 Billion |
|
Qingdao East Steel Tower Stock Co Ltd
SHE:002545
|
$4.37 Billion |
|
AAR Corp
NYSE:AIR
|
$4.37 Billion |
|
Springer Nature AG & Co KGaA
F:SPG
|
$4.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BRITISH LAND ADR/1 LS-25's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,299,000,000 to 5,710,000,000, a change of 411,000,000 (7.8%).
- Net income of 338,000,000 contributed positively to equity growth.
- Dividend payments of 220,000,000 reduced retained earnings.
- New share issuances of 295,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €338.00 Million | +5.92% |
| Dividends Paid | €220.00 Million | -3.85% |
| Share Issuances | €295.00 Million | +5.17% |
| Other Changes | €-2.00 Million | -0.04% |
| Total Change | €- | 7.76% |
Book Value vs Market Value Analysis
This analysis compares BRITISH LAND ADR/1 LS-25's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.79x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.62x to 0.79x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | €7.29 | €4.50 | x |
| 2023-03-31 | €5.95 | €4.50 | x |
| 2024-03-31 | €5.71 | €4.50 | x |
| 2025-03-31 | €5.71 | €4.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BRITISH LAND ADR/1 LS-25 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.92%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 74.45%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.55x
- Recent ROE (5.92%) is above the historical average (0.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 14.26% | 233.74% | 0.04x | 1.47x | €287.70 Million |
| 2023 | -18.83% | -248.33% | 0.05x | 1.50x | €-1.59 Billion |
| 2024 | -0.02% | -0.17% | 0.07x | 1.50x | €-530.90 Million |
| 2025 | 5.92% | 74.45% | 0.05x | 1.55x | €-233.00 Million |
Industry Comparison
This section compares BRITISH LAND ADR/1 LS-25's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $4,863,557,667
- Average return on equity (ROE) among peers: 15.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BRITISH LAND ADR/1 LS-25 (BLDA) | €5.82 Billion | 14.26% | 0.55x | $4.37 Billion |
| COVIVIO UNS.ADR/1/4 (F5D0) | $14.09 Billion | 4.40% | 0.96x | $6.36 Billion |
| Hamborner REIT AG (HABA) | $497.37 Million | 10.91% | 1.59x | $390.85 Million |
| SM Wirtschaftsberatungs AG (SMWN) | $1.79 Million | 31.28% | 4.20x | $21.09 Million |
About BRITISH LAND ADR/1 LS-25
British Land Company PLC is a UK commercial property company focused on real estate sectors with the strongest operational fundamentals: London campuses, retail parks, and London urban logistics. We own or manage a portfolio valued at 15.2bn euros (British Land share: 9.8bn euros) as at 30 September 2025. Our purpose is to create and manage Places People Prefer " outstanding places that deliver p… Read more