LAND Securities, which has interests in several Scottish shopping centres including Glasgow's Buchanan Galleries, has seen half-year profits slump almost 10% due to lower rental income.
Group revenue dipped from £339 million to £303.6m in the six months to September 30.
The profit after stripping out changes in asset values and one-off items declined 9.8% from £159.3m to £143.7m.
At a pre-tax level, profits fell from £378.9m to £131.4m although the previous year's figure is inflated by a £172m surplus on the valuation of investment properties.
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