Great Portland Estates (GPOR)

Sector:

Property Investment Trusts

Index:

FTSE 250

795.60p
   
  • Change Today:
    -2.40p
  • 52 Week High: 802.89p
  • 52 Week Low: 649.40p
  • Currency: UK Pounds
  • Shares Issued: 256.75m
  • Volume: 241,969
  • Market Cap: £2,042.72m
  • RiskGrade: 105
  • Beta: 0.01

Great Portland Estates sells Mortimer Street property for £38.5m

By Michele Maatouk

Date: Tuesday 09 Oct 2018

LONDON (ShareCast) - (Sharecast News) - Great Portland Estates has sold a multi-let office and retail building at 27/35 Mortimer Street, W1, for £38.5m to Orchard Street Investment Management on behalf of St James's Place.
The sale price reflects a net initial yield of 3.9% and a capital value of £1,242 per square foot.

The building, which extends to around 31,000 sq ft, is fully let and provides a total rental income of £1,602,365 per annum, reflecting £57.70 per sq ft on the offices and £36.69 per sq ft on the ground and basement retail, which is let to Sainsbury's.

Hugh Morgan, director of investment management at Great Portland, said: "The sale of 27/35 Mortimer Street is marginally ahead of the March 2018 book value and follows the profitable sale of the adjacent Mortimer House in April 2016."



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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.

 

GPOR Market Data

Currency UK Pounds
Share Price 795.60p
Change Today -2.40p
% Change -0.30 %
52 Week High 802.89p
52 Week Low 649.40p
Volume 241,969
Shares Issued 256.75m
Market Cap £2,042.72m
Beta 0.01
RiskGrade 105

GPOR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.56% below the market average51.56% below the market average51.56% below the market average51.56% below the market average51.56% below the market average
61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average
Price Trend
75.36% above the market average75.36% above the market average75.36% above the market average75.36% above the market average75.36% above the market average
56.76% above the sector average56.76% above the sector average56.76% above the sector average56.76% above the sector average56.76% above the sector average
Income
97.05% below the market average97.05% below the market average97.05% below the market average97.05% below the market average97.05% below the market average
94.12% below the sector average94.12% below the sector average94.12% below the sector average94.12% below the sector average94.12% below the sector average
Growth
55.86% below the market average55.86% below the market average55.86% below the market average55.86% below the market average55.86% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 4
Sell 0
Strong Sell 7
Total 13
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GPOR Dividends

  Latest Previous
  Final Interim
Ex-Div 30-May-19 22-Nov-18
Paid 08-Jul-19 02-Jan-19
Amount 7.90p 4.30p

Trades for 21-Oct-2019

Time Volume / Share Price
11:28 19 @ 795.60p
11:28 27 @ 795.60p
11:28 82 @ 795.60p
11:28 278 @ 795.60p
11:28 418 @ 795.60p

GPOR Key Personnel

CEO Toby Courtauld
Finance Director Nick Sanderson

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