Great Portland Estates (GPE)

Sector:

Property Investment Trusts

Index:

FTSE 250

387.80p
   
  • Change Today:
      6.40p
  • 52 Week High: 534.50
  • 52 Week Low: 356.20
  • Currency: UK Pounds
  • Shares Issued: 253.87m
  • Volume: 350,309
  • Market Cap: £984.50m
  • RiskGrade: 82

Great Portland Estates reports record leasing, confident on outlook

By Listetta Garcia

Date: Thursday 07 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Great Portland Estates announced record leasing for its financial year-to-date and sounded a confident note on the outlook.
Since the start of the year on 1 April 2021, the property developer said that it had signed 460,900 sq. ft of new lettings for a combined annual rent of £32.5m, of which it had a share of £26.4m.

Market lettings meanwhile were 9.8% ahead of its March 2021 estimated rental value, besting its previous record of £31.8m in 2016.

"Absent a resurgence of the pandemic, our confidence is building for the remainder of 2022, as we expect the combination of economic growth, a return to normal trading conditions and central London's magnetic appeal to be positive for our markets," the company's chief executive officer, Toby Courtauld said.

The company also reported continued strong demand for its Grade A and Flex office products, that it remained on track to deliver 50 Finsbury Square to Inmarsat later in 2022 and that preparations for development of 2 Aldenmanbury Square EC2 were advancing.

Furthermore, rent collection for the December quarter was in line with the prior three-month stretch and the maturity date of its £400m of ESG-linked revolving credit facility had been extended by 12 months to January 2027.



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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.

 

GPE Market Data

Currency UK Pounds
Share Price 387.80p
Change Today 6.40p
% Change 1.68 %
52 Week High 534.50
52 Week Low 356.20
Volume 350,309
Shares Issued 253.87m
Market Cap £984.50m
RiskGrade 82

GPE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.29% above the market average57.29% above the market average57.29% above the market average57.29% above the market average57.29% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Price Trend
44.34% below the market average44.34% below the market average44.34% below the market average44.34% below the market average44.34% below the market average
73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average
Income
58.33% below the market average58.33% below the market average58.33% below the market average58.33% below the market average58.33% below the market average
92% below the sector average92% below the sector average92% below the sector average92% below the sector average92% below the sector average
Growth
76.03% below the market average76.03% below the market average76.03% below the market average76.03% below the market average76.03% below the market average
92.86% below the sector average92.86% below the sector average92.86% below the sector average92.86% below the sector average92.86% below the sector average

What The Brokers Say

Strong Buy 2
Buy 5
Neutral 7
Sell 2
Strong Sell 3
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GPE Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Nov-23 01-Jun-23
Paid 04-Jan-24 10-Jul-23
Amount 4.70p 7.90p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 227,148 @ 387.80p
16:35 1,009 @ 387.80p
16:35 32 @ 387.80p
16:35 49 @ 387.80p
16:35 215 @ 387.80p

GPE Key Personnel

CEO Toby Courtauld

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