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Great Portland Estates plc R.E.I.T.
(LSE:GPE)
Great Portland Estates plc R.E.I.T. (GPE) vs. S&P 500 (SPY)
Great Portland Estates plc R.E.I.T. Business Overview & Revenue Model
Great Portland Estates plc R.E.I.T. Financial Statement Overview
| Breakdown | ||||
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 95.40M | 91.20M | 84.20M | 88.50M | 102.40M | Gross Profit |
| 62.10M | 57.20M | 52.10M | 62.10M | 73.00M | EBIT |
| -294.50M | 19.90M | 14.60M | 30.80M | 45.50M | EBITDA |
| -288.50M | 31.30M | 16.20M | 39.60M | 47.00M | Net Income Common Stockholders |
| -307.80M | -163.90M | 167.20M | -201.90M | 51.80M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 22.90M | 19.40M | 16.70M | 11.10M | 94.90M | Total Assets |
| 2.48B | 2.51B | 2.78B | 2.56B | 2.75B | Total Debt |
| 815.50M | 527.20M | 589.70M | 533.20M | 489.80M | Net Debt |
| 792.60M | 507.80M | 573.00M | 522.10M | 394.90M | Total Liabilities |
| 895.00M | 588.20M | 662.40M | 588.30M | 550.20M | Stockholders Equity |
| 1.58B | 1.92B | 2.11B | 1.97B | 2.20B |
| Cash Flow | Free Cash Flow | |||
| -7.70M | 5.60M | 15.90M | 24.50M | 43.10M | Operating Cash Flow |
| -7.60M | 5.80M | 16.20M | 24.90M | 43.20M | Investing Cash Flow |
| -231.70M | 105.10M | -31.40M | -118.30M | -72.90M | Financing Cash Flow |
| 242.80M | -108.20M | 6.30M | 9.60M | -14.80M |
Great Portland Estates plc R.E.I.T. Technical Analysis
Great Portland Estates plc R.E.I.T. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | £4.20B | 8.94 | 9.95% | 4.18% | 7.75% | 276.67% | |
71 Outperform | £9.35B | 15.46 | 5.18% | 4.24% | -9.88% | ― | |
70 Neutral | £2.21B | 19.01 | 3.29% | 4.08% | 3.70% | ― | |
68 Neutral | £3.83B | 21.05 | 3.17% | 5.95% | -30.83% | ― | |
62 Neutral | £1.25B | ― | -1.38% | 2.20% | -2.73% | 91.05% | |
59 Neutral | $2.69B | 11.49 | 0.09% | 8679.75% | 5.56% | -16.50% | |
47 Neutral | £4.28B | 40.54 | 1.61% | 6.94% | -1.73% | ― |
Great Portland Estates plc R.E.I.T. Corporate Events
Great Portland Estates plc announced the appointment of Vicky Jarman, a Non-Executive Director of the company, to the board of AerCap Holdings N.V., a company listed on the New York Stock Exchange. This strategic move could enhance the company’s governance and broaden its industry connections, potentially impacting its operations and market positioning positively.
Spark’s Take on GB:GPE Stock
According to Spark, TipRanks’ AI Analyst, GB:GPE is a Neutral.
Great Portland Estates plc has demonstrated strengths in operational performance through strategic leasing and acquisitions, but these are offset by significant profitability and cash flow challenges. While its strong balance sheet and recent corporate initiatives present growth opportunities, the negative valuation metrics weigh heavily on the stock’s attractiveness. Overall, the stock presents a moderate outlook, with potential improvements hinging on resolving profitability issues.
To see Spark’s full report on GB:GPE stock, click here.
Great Portland Estates plc has launched version 2.0 of its Social Impact Strategy, ‘A Fairer Future for London,’ aimed at enhancing its focus on impactful community initiatives. The updated strategy emphasizes promoting inclusive communities, delivering healthier and greener spaces, and nurturing strong partnerships to amplify social impact. The company aims to measure success through outcomes like long-term employment opportunities and increased biodiversity, aligning with its sustainability and diversity commitments.
Spark’s Take on GB:GPE Stock
According to Spark, TipRanks’ AI Analyst, GB:GPE is a Neutral.
Great Portland Estates plc shows operational strengths with successful leasing and strategic acquisitions in premium locations, contributing positively to its outlook. However, ongoing profitability and cash flow challenges significantly weigh down the overall score. Valuation concerns due to negative earnings further impact the attractiveness of the stock.
To see Spark’s full report on GB:GPE stock, click here.
Great Portland Estates plc has reported a robust end to its financial year, surpassing its leasing targets with a 60% increase in net operating income since November. The company secured 32 new leases in the last quarter, generating £18.2 million in annual rent, 10% above estimated rental value (ERV). For the year, GPE signed 74 new leases totaling £37.7 million, 10.6% above ERV. The company anticipates continued strong demand for its premium office spaces, supported by a favorable market with a surplus of demand over supply. Recent acquisitions and development projects, such as the purchase of One Chapel Place and the refurbishment of The Courtyard, position GPE to capitalize on market opportunities and enhance its portfolio in prime London locations.
Spark’s Take on GB:GPE Stock
According to Spark, TipRanks’ AI Analyst, GB:GPE is a Neutral.
Great Portland Estates plc is facing profitability challenges and cash flow issues, impacting its financial performance. While the company shows strong operational momentum and strategic growth through corporate events, its valuation remains a concern due to negative earnings. The technical analysis indicates short-term positive momentum, but longer-term challenges persist. Overall, the company’s strategic initiatives and leasing successes provide a moderate outlook, reflected in the overall stock score.
To see Spark’s full report on GB:GPE stock, click here.
Great Portland Estates plc has announced nine new Fully Managed leasing deals, securing £7.2 million in annual rent across 33,500 sq ft of office space. This achievement highlights strong demand for GPE’s premium offerings, with significant leasing momentum and increased net operating income, indicating positive prospects for upcoming building launches.
Great Portland Estates plc announced that its Executive Directors participated in the company’s 2010 Share Incentive Plan (SIP), acquiring Partnership Shares and receiving Matching Shares. This initiative reflects the company’s commitment to aligning employee interests with shareholder value, potentially enhancing stakeholder confidence in the company’s governance and operational strategies.
Great Portland Estates plc has acquired Cypress Dynasty Limited, which owns the freehold interest in One Chapel Place, W1, for £56.0 million. This acquisition enhances GPE’s portfolio in the West End, offering significant redevelopment potential to expand the building to approximately 57,000 sq ft. The strategic location near Bond Street and the Elizabeth line, combined with plans to enhance sustainability and workspace quality, positions GPE to meet the high demand for premium office space in London. This acquisition is part of GPE’s broader investment strategy, having invested £162 million in West End properties since last summer, aiming to create best-in-class office environments.
Great Portland Estates plc (GPE) is hosting an Investor & Analyst Zoom session to discuss its Flex office activities, highlighting strong operational momentum and a compelling investment case. The company reports faster-than-expected leasing of new deliveries and a promising new acquisition under offer, indicating future growth. GPE’s unique Flex offering includes premium, fully managed office spaces that are not co-working environments, targeting corporate clients and delivering significant income and value growth.
Great Portland Estates plc has announced a significant change in its shareholder structure, as BlackRock, Inc. has increased its voting rights in the company to 17% following recent acquisitions of shares and financial instruments. This development highlights BlackRock’s growing influence within the company, potentially impacting future strategic decisions and stakeholder interests.
Great Portland Estates plc announced that it received a notification of major holdings from BlackRock, Inc., indicating an acquisition or disposal of voting rights. As of March 17, 2025, BlackRock holds 16.67% of the voting rights in Great Portland Estates, reflecting a slight increase from the previous 16.53%. This change in holdings could influence the company’s shareholder dynamics and potentially impact its strategic decisions.
Great Portland Estates plc has announced a significant change in its shareholder structure, as BlackRock, Inc. has increased its holdings in the company. The notification reveals that BlackRock now holds 16.53% of the voting rights, up from 16.28%, indicating a strategic move that could impact the company’s governance and influence its future decisions. This development may have implications for stakeholders, as it reflects BlackRock’s growing interest and potential influence in the company’s operations.
Great Portland Estates plc has secured its largest Fully Managed office space deal to date, leasing over 11,500 sq ft to retailer Next at 31 Alfred Place, Fitzrovia. This deal, part of a broader leasing success at the newly refurbished building, underscores the strong demand for GPE’s premium office offerings and highlights the company’s strategic positioning in the competitive London real estate market.
Great Portland Estates plc has announced a significant change in its shareholder structure, with BlackRock, Inc. adjusting its holdings in the company. As of March 4, 2025, BlackRock’s voting rights in Great Portland Estates stand at 16.28%, reflecting a slight adjustment from previous levels. This notification highlights BlackRock’s continued influence and investment in the company, which could have implications for its strategic direction and stakeholder engagement.
Great Portland Estates plc has announced the acquisition of ordinary shares by its Executive Directors under the company’s 2010 Share Incentive Plan (SIP). The plan allows employees to purchase ‘Partnership Shares’ with their salary, which the company matches by awarding two ‘Matching Shares’ for each ‘Partnership Share’ acquired. This initiative reflects the company’s commitment to employee investment and aligns with its strategic goals, potentially enhancing stakeholder confidence and reinforcing its position in the real estate sector.
Great Portland Estates plc announced that Vicky Jarman, a Non-Executive Director, has been appointed to the board of Aston Martin Lagonda Global Holdings plc as a Non-Executive Director. This appointment, effective from March 1, 2025, positions Jarman as Chair of Aston Martin’s Audit & Risk Committee and a member of its Nomination and Remuneration Committees, potentially strengthening the governance and strategic oversight at Aston Martin.
Great Portland Estates plc (GPE) announced a leading Net Promoter Score (NPS) of +26.1, outperforming the industry benchmark of +13.6. This high score underscores GPE’s strong customer loyalty and satisfaction, attributed to the quality of their spaces and effective communication. The company’s focus on a Customer First approach has resulted in an 88% retention rate for its Fully Managed portfolio and over 99% rent collection within seven days, demonstrating its robust operational performance and industry positioning.
Great Portland Estates plc announced on February 17, 2025, that it received a Notification of Major Holdings from BlackRock, Inc., indicating a change in voting rights due to an acquisition or disposal. As of February 14, 2025, BlackRock’s total voting rights in the company increased slightly to 16.28%, comprising direct and indirect holdings. This notification is significant as it reflects BlackRock’s continued interest and influence in Great Portland Estates, potentially impacting company decisions and stakeholder considerations.
Great Portland Estates plc has successfully secured four new Fully Managed leasing deals at its Piccadilly Estate, achieving a net premium of 98% compared to traditional leases. This success underscores strong demand for GPE’s offerings, enhancing its confidence for future projects, including the launch of a new premium office space at 170 Piccadilly.
Great Portland Estates plc has received a notification of major holdings from BlackRock, Inc., indicating a change in their voting rights. As of February 11, 2025, BlackRock’s voting rights decreased to 16.13% from 16.82%, reflecting a shift in their investment stance within the company. This announcement highlights a material change in stakeholder holdings, which may influence future corporate governance and decision-making processes at Great Portland Estates.
Great Portland Estates plc announced the successful leasing of approximately 10,800 sq ft of Fully Managed office space at the newly refurbished 31 Alfred Place, WC1, with an additional 3,400 sq ft under offer. The deals were concluded faster than anticipated and at rates exceeding expected rental values. Four new tenants, including Smartly, BBL/P, Casual Films, and a multinational retailer, are set to occupy the space, reflecting strong demand for GPE’s premium workspaces. This achievement highlights GPE’s strategic positioning in the market, reinforcing their reputation for delivering sought-after office environments in central London.
Great Portland Estates plc (GPE) announced the appointment of William Eccleshare as the new Non-Executive Chair Designate, effective from May 1, 2025. He will succeed Richard Mully, who is retiring after over eight years of service, at the 2025 Annual General Meeting in July. William brings a wealth of experience in executive and non-executive roles across the advertising and media sectors, having held leadership positions at Centaur Media plc, Britvic plc, and Clear Channel Outdoor Holdings, among others. Additionally, Karen Green will assume the role of Senior Independent Director following Nick Hampton’s departure in April 2025. The transition aims to leverage William’s expertise in marketing, business transformation, and growth to strengthen GPE’s strategic direction and market opportunities.
Great Portland Estates plc has announced the monthly investment details related to its 2010 Share Incentive Plan (SIP). Under the SIP, employees can contribute from their salary to purchase ‘Partnership Shares,’ with the company matching these purchases by awarding two ‘Matching Shares’ for each one purchased by the employee. This announcement, detailing purchases made by executive directors on January 31, 2025, reflects the company’s commitment to employee engagement and long-term investment in its workforce, potentially enhancing stakeholder confidence.
Great Portland Estates plc has successfully leased over 11,300 sq ft of office space at its new Fully Managed development, SIX, located in Farringdon, London. This rapid leasing, surpassing expected rental values, reflects strong market demand for GPE’s hassle-free, high-quality workspaces. The new tenants include Treatwell, Clavium, and the Green Finance Institute, occupying various floors of the 48,000 sq ft building. The successful leases highlight GPE’s strategic positioning in the real estate market, as they continue to attract diverse businesses with their innovative office solutions.
Great Portland Estates plc (GPE) has reported a strong leasing performance for Q3, securing £9.0 million in new deals, which is 16.3% above the estimated rental value (ERV). This success reflects high demand for GPE’s premium office spaces and supports a positive outlook in terms of rental growth and tenant retention. Despite volatile macroeconomic conditions, GPE’s occupational markets remain robust, with significant interest in their ongoing development projects and Fully Managed offices. The company has made strategic acquisitions and investments amounting to £200 million, positioning it well for future growth. The increase in vacancy rates to 6.3% indicates a strategic move to introduce new high-class office spaces to the market, such as the SIX St Andrew Street scheme, which has already attracted strong leasing interest.