Facebook's new rebrand logo Meta is seen on smartphone in front of displayed logo of Facebook, Messenger, Instagram, Whatsapp and Oculus in this illustration picture taken October 28, 2021.
The property firm said the lease surrender would lead to an earnings per share dilution of about 0.6 pence for its half-year period ending Sept. 30.
British Land said 1.2 million square feet of leasing was done across the portfolio in the first five months to Aug. 31, with the returns coming in 13.1% ahead of estimated rental value (ERV).
The company last week raised its retail park estimated rental value growth outlook for fiscal year 2024 to 3%-5% from 2%-4% earlier, driven by "significant" leasing momentum in the business.
Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.
Persons:
Dado Ruvic, Aby Jose Koilparambil, Varun
Organizations:
Facebook, REUTERS, FTSE, Land, Thomson
Locations:
Bengaluru