Breakdown | ||||
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
184.30M | 174.20M | 132.90M | 142.30M | 161.40M | Gross Profit |
126.20M | 116.60M | 86.70M | 81.50M | 122.00M | EBIT |
-157.90M | 95.10M | 67.40M | 62.50M | 104.30M | EBITDA |
103.20M | 97.40M | 70.10M | -209.90M | 105.70M | Net Income Common Stockholders |
-192.50M | -37.80M | 123.90M | -235.70M | 72.10M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
11.60M | 18.50M | 49.00M | 191.00M | 79.20M | Total Assets |
2.53B | 2.84B | 2.51B | 2.59B | 2.74B | Total Debt |
889.50M | 943.60M | 626.50M | 779.10M | 654.40M | Net Debt |
877.90M | 925.10M | 577.50M | 588.10M | 575.20M | Total Liabilities |
982.50M | 1.05B | 712.30M | 874.10M | 737.50M | Stockholders Equity |
1.55B | 1.79B | 1.80B | 1.72B | 2.00B |
Cash Flow | Free Cash Flow | |||
51.90M | 74.90M | 56.70M | 36.00M | 81.50M | Operating Cash Flow |
53.90M | 78.80M | 57.90M | 38.40M | 84.70M | Investing Cash Flow |
45.90M | -200.20M | 9.20M | -14.90M | 14.60M | Financing Cash Flow |
-106.70M | 90.90M | -209.10M | 90.30M | -46.80M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
74 Outperform | £2.83B | 10.48 | 7.05% | 2.41% | 12.79% | -74.41% | |
74 Outperform | £2.18B | 18.81 | 3.29% | 4.14% | 3.70% | ― | |
64 Neutral | £1.33B | 10.84 | 6.47% | 2.41% | -2.73% | 91.05% | |
61 Neutral | $2.83B | 10.98 | 0.41% | 8438.90% | 5.81% | -21.06% | |
58 Neutral | £773.14M | 143.24 | 0.35% | 7.05% | 1.86% | 84.48% | |
$2.58B | 10.06 | 8.06% | 4.32% | ― | ― | ||
56 Neutral | £2.12B | 134.19 | 29.10% | 0.48% | -2.37% | ― |
Workspace Group PLC reported a strong performance in the fourth quarter ending March 31, 2025, with significant growth in lettings and rent roll, despite macroeconomic challenges. The company completed 390 new lettings with a total rental value of £10.1 million, and like-for-like rent per square foot increased by 0.9%. However, occupancy declined by 1% to 85.1% due to larger unit vacancies and refurbishments. Workspace continues to focus on capital recycling, having disposed of non-core assets worth £52.5 million, and maintains a robust balance sheet with £260 million in cash and undrawn facilities. Looking forward, the company is set to publish its full-year results and strategy update in June 2025, aiming to capitalize on structural growth opportunities in the SME market.
Spark’s Take on GB:WKP Stock
According to Spark, TipRanks’ AI Analyst, GB:WKP is a Neutral.
Workspace Group plc faces significant challenges in profitability, reflected in its financial performance and negative P/E ratio. However, strategic corporate events and a high dividend yield provide some optimism. The stock’s bearish technical indicators suggest caution, but positive corporate developments could improve future prospects.
To see Spark’s full report on GB:WKP stock, click here.
Workspace Group PLC announced a change in major shareholdings, with BlackRock, Inc. adjusting its voting rights in the company. The transaction, which involved both the acquisition and disposal of voting rights and financial instruments, resulted in BlackRock holding 9.14% of the total voting rights in Workspace Group, down from a previous position of 9.61%. This adjustment in holdings could influence the company’s strategic decisions and stakeholder dynamics, given BlackRock’s significant influence as a major shareholder.
Workspace Group PLC has announced the appointment of Jessica Berney as the new Head of Portfolio Management, effective from July 1, 2025. With extensive experience in the real estate sector, Berney is expected to play a crucial role in optimizing Workspace’s portfolio and enhancing its capital allocation strategies to better serve London’s SMEs. This strategic move is aimed at positioning Workspace to capitalize on long-term growth opportunities in the flexible office space market.
Workspace Group PLC has announced a change in the voting rights held by BlackRock, Inc., a major stakeholder. The notification indicates that BlackRock’s total voting rights in Workspace Group have decreased from 9.91% to 9.61%, reflecting a slight reduction in their stake. This adjustment in holdings could influence the company’s governance and decision-making processes, impacting its strategic direction and potentially affecting shareholder interests.
Workspace Group plc has announced a change in the voting rights held by BlackRock, Inc., a major shareholder. As of March 20, 2025, BlackRock’s total voting rights in Workspace Group have decreased from 10.96% to 9.91%, following a disposal of shares and financial instruments. This adjustment in holdings reflects BlackRock’s strategic portfolio management and may influence the company’s governance dynamics, impacting stakeholders and potentially altering market perceptions.
Workspace Group plc has announced a change in major holdings, with BlackRock, Inc. adjusting its voting rights in the company. As of February 25, 2025, BlackRock holds 10.96% of the voting rights in Workspace Group, a slight decrease from the previous 11.84%. This adjustment in holdings could impact the company’s strategic decisions and influence its market positioning, as BlackRock is a significant stakeholder with substantial voting power.