Shares in British Land fell in value today despite the REIT swinging back into profit in its half-year results this morning.
The FTSE 100 company said it had enjoyed strong leasing activity and recovering values in its campus and retail park portfolios.
The value of the REIT’s portfolio rose to £9.8bn, 2.9% up from £9.1bn, in the six-month period ending March. However, this was still down from an equivalent of £10.3bn at the same time last year.
Shares finished trading down 1.95% at 523p.
Elsewhere, Great Portland Estates, Derwent London, Capital & Counties and LondonMetric saw shares fall on a bad day for London landlords.
GPE fell by 2.71% to 735p, with Derwent London shares finishing 2.59% down at 3,386p.
On the FTSE 100, Landsec shares fell 1.93% to 722p, while SEGRO was down 1.55% to 1,333p.
The FTSE 100 finished the day down 0.49% at 7,291 points, while the FTSE 250 fell by 0.45% to 23,434 points.
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