Great Portland Estates (GPOR)

Sector:

Property Investment Trusts

Index:

FTSE 250

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714.00p
   
  • Change Today:
      1.20p
  • 52 Week High: 773.60p
  • 52 Week Low: 652.30p
  • Currency: UK Pounds
  • Shares Issued: 269.17m
  • Volume: 1,092,463
  • Market Cap: £1,921.85m
  • RiskGrade: 90

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 714.00p
Change Today 1.20p
% Change 0.17 %
52 Week High 773.60p
52 Week Low 652.30p
Volume 1,092,463
Shares Issued 269.17m
Market Cap £1,921.85m
RiskGrade 90

GPOR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.12% below the market average73.12% below the market average73.12% below the market average73.12% below the market average73.12% below the market average
67.57% below the sector average67.57% below the sector average67.57% below the sector average67.57% below the sector average67.57% below the sector average
Price Trend
25.25% above the market average25.25% above the market average25.25% above the market average25.25% above the market average25.25% above the market average
Sector averageSector averageSector averageSector averageSector average
Income
90.49% below the market average90.49% below the market average90.49% below the market average90.49% below the market average90.49% below the market average
94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average94.29% below the sector average
Growth
55.24% below the market average55.24% below the market average55.24% below the market average55.24% below the market average55.24% below the market average
57.58% below the sector average57.58% below the sector average57.58% below the sector average57.58% below the sector average57.58% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 6
Sell 0
Strong Sell 7
Total 17
neutral
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 17-Jun-2019

Time Volume / Share Price
16:35 438,650 @ 714.00p
16:33 2,100 @ 718.94p
16:33 2,100 @ 718.94p
16:33 2,100 @ 717.56p
16:33 2,100 @ 717.56p

GPOR Key Personnel

CEO Toby Courtauld
Finance Director Nick Sanderson

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