tiprankstipranks
Workspace Group PLC Reports Solid Q2 Performance
Company Announcements

Workspace Group PLC Reports Solid Q2 Performance

Workspace Group plc R.E.I.T. (GB:WKP) has released an update.

Don't Miss our Black Friday Offers:

Workspace Group PLC, a prominent provider of flexible workspaces in London, reported strong customer demand with 296 new lettings in the second quarter, valued at £7.4m annually, despite a slight dip in like-for-like occupancy to 87.5%. The company continued its growth strategy with robust pricing momentum, an increase in rent per square foot, and substantial progress in the disposal of non-core assets, totaling £29.9m with a further £26.9m expected. With a healthy balance sheet, including £144m in cash and undrawn facilities and a low leverage of 35%, Workspace is poised for future growth with recent refurbishments like Leroy House in Islington, attracting significant interest from SMEs.

For further insights into GB:WKP stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskWorkspace Group Sees Income and Dividends Rise Amid Growth
TipRanks UK Auto-Generated NewsdeskWorkspace Group PLC Launches Net Zero Building
TipRanks UK Auto-Generated NewsdeskWorkspace Group Divests Raynes Park Redevelopment Site
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App