British Land will no longer issue full quarterly financial trading statements, including property valuations, in its first and third quarterly updates.
According to a stock exchange announcement this morning, the REIT plans to publish interim management statements for the first and third quarter, which will be accompanied by a management conference call.
The change will take effect from the first quarter of 2012-13.
British Land said that “additional detail in these quarterly reports relative to the information available from an interim management statement does not justify the considerable investment in their preparation and analysis”.
Dividends will still be paid quarterly.
sophia.furber@estatesgazette.com
