Great Portland Estates (GPE)

Sector:

Property Investment Trusts

Index:

FTSE 250

292.50p
   
  • Change Today:
    -3.00p
  • 52 Week High: 371.50p
  • 52 Week Low: 288.00p
  • Currency: UK Pounds
  • Shares Issued: 406.19m
  • Volume: 468,504
  • Market Cap: £1,188.10m
  • RiskGrade: 82
  • Beta: 0.96

Dividend Data

  31-Mar-2431-Mar-2331-Mar-2231-Mar-2131-Mar-20
Interim Dividend4.70p4.70p4.70p4.70p4.70p
Final Dividend7.90p7.90p7.90p7.90p7.90p
Total Dividend12.60p12.60p12.60p12.60p12.60p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 95.40 91.20 84.20 88.50 102.50
Operating Profit/(Loss) (341.20) (191.90) 168.40 (126.00) (7.10)
Net Interest (11.60) (5.50) (1.70) 0.20 0.80
Profit Before Tax (307.80) (164.00) 166.70 (202.00) 51.60
Profit After Tax (307.80) (163.90) 167.20 (201.90) 51.80
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD (307.80) (163.90) 167.20 (201.90) 51.80
Attributable to:          
Equity Holders of Parent Company (307.80) (163.90) 167.20 (201.90) 51.80
Minority Interests n/a n/a n/a n/a n/a
           
Continuing EPS          
Earnings per Share - Basic (121.70p) (64.80p) 54.89p (66.26p) 16.61p
Earnings per Share - Diluted (121.70p) (64.80p) 54.80p (66.26p) 16.61p
Earnings per Share - Adjusted 7.10p 9.50p 8.97p 13.20p 18.27p
Continuing and Discontinued EPS          
Earnings per Share - Basic (121.70p) (64.80p) 54.89p (66.26p) 16.61p
Earnings per Share - Diluted (121.70p) (64.80p) 54.80p (66.26p) 16.61p
Earnings per Share - Adjusted 7.10p 9.50p 8.97p 13.20p 18.27p
           
Dividend per Share 12.60p 12.60p 10.46p 10.46p 10.46p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 2.00 3.50 5.00 6.30 7.50
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 1,911.00 1,922.20 2,144.40 1,894.50 1,987.10
Investments 493.70 540.60 583.80 626.40 647.00
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 5.30 4.10 3.50 1.70 0.20
  2,412.00 2,470.40 2,736.70 2,528.90 2,641.80
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 24.90 15.80 21.10 19.50 16.10
Cash at Bank & in Hand 22.90 19.40 16.70 11.10 94.90
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets n/a n/a n/a 0.40 0.50
  47.80 35.20 37.80 31.00 111.50
           
Other Assets 18.20 n/a n/a n/a n/a
Total Assets 2,478.00 2,505.60 2,774.50 2,559.90 2,753.30
           
Liabilities          
Current Liabilities          
Borrowings 175.00 n/a 0.20 n/a n/a
Other Current Liabilities 76.50 56.80 71.90 55.10 60.00
  251.50 56.80 72.10 55.10 60.00
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 640.50 527.20 589.50 533.20 489.80
Provisions 3.00 3.00 n/a n/a n/a
Other Non-Current Liabilities n/a n/a n/a n/a 0.40
  643.50 530.20 589.50 533.20 490.20
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 895.00 587.00 661.60 588.30 550.20
           
Net Assets 1,583.00 1,918.60 2,112.90 1,971.60 2,203.10
           
Capital & Reserves          
Share Capital 38.70 38.70 38.70 38.70 38.70
Share Premium Account 46.00 46.00 46.00 46.00 46.00
Other Reserves 332.30 329.50 330.30 326.90 326.10
Retained Earnings 1,166.00 1,504.40 1,697.90 1,560.00 1,792.30
Shareholders Funds 1,583.00 1,918.60 2,112.90 1,971.60 2,203.10
           
Minority Interests/Other Equity n/a n/a n/a n/a n/a
Total Equity 1,583.00 1,918.60 2,112.90 1,971.60 2,203.10
Cash Flow 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Cash Flow From Operating Activities (7.60) (1.70) 8.90 16.60 38.60
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (231.70) 112.60 (24.10) (110.00) (68.30)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities 242.80 (108.20) 6.30 9.60 (14.80)
Net Increase/Decrease In Cash 3.50 2.70 (8.90) (83.80) (44.50)
Ratios - based on IFRS 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
PE Ratio - Adjusted 45.4 44.3 65.9 42.8 31.0
PEG - Adjusted n/a 7.4 n/a n/a 2.4
Earnings per Share Growth - Adjusted -25% 6% -32% -28% 13%
Dividend Cover 0.56 0.75 0.86 1.26 1.75
Revenue per Share 37.71p 36.06p 20.73p 0.35p 39.67p
Pre-Tax Profit per Share (121.66p) (64.85p) 41.04p (0.81p) 19.97p
Operating Margin (357.65%) (210.42%) 200.00% (142.37%) (6.93%)
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 45.4 44.3 65.9 4,235.6 31.0
PEG - Adjusted n/a 7.4 0.0 n/a 2.4
Earnings per Share Growth - Adjusted -25% 6% 6,629% -99% 13%
Dividend Cover 0.56 0.75 0.86 0.01 1.75
           
Dividend Yield 3.9% 3.0% 1.8% 1.9% 1.8%
Dividend per Share Growth n/a 20.43% n/a n/a 3.28%
Operating Cash Flow per Share (3.00p) (0.67p) 2.19p 6.56p 14.94p
Cash Incr/Decr per Share 1.38p 1.07p (2.19p) (0.33p) (17.22p)
Net Asset Value per Share (exc. Intangibles) 625.69p 758.64p 520.18p 779.51p 852.62p
Net Gearing 50.07% 26.47% 27.12% 26.48% 17.92%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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