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Full Year 2021 British Land Company PLC Earnings Call Transcript
Good morning, everyone, and thank you for joining us. As you can see, we're here in the office, but hopefully, next time, we'll be able to meet in person.
Our plan today is for David to take you through the full year results. Then Darren will review our operational performance, and I'll outline our new strategy. These presentations have been prerecorded, and we'll take your questions live afterwards.
Before we start, I'd like to thank our people. They've gone to extraordinary lengths to support our customers, communities and each other. And I'm incredibly proud of what they've achieved.
Looking back over the year, our performance has clearly been impacted by COVID, but we still delivered an underlying profit of GBP 200 million, sold GBP 1.2 billion of assets ahead of book value and leased more space in retail than ever before. We've also maintained a strong balance sheet. So we're in an excellent position to capitalize on an improving economy.
The new strategy I'm setting out today is shaped by my
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