Great Portland Estates (GPOR)

Sector:

Property Investment Trusts

Index:

FTSE 250

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715.20p
   
  • Change Today:
    -30.20p
  • 52 Week High: 798.66p
  • 52 Week Low: 656.50p
  • Currency: UK Pounds
  • Shares Issued: 281.66m
  • Volume: 1,790,259
  • Market Cap: £2,014.46m
  • RiskGrade: 79
  • Beta: 0.32

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 715.20p
Change Today -30.20p
% Change -4.05 %
52 Week High 798.66p
52 Week Low 656.50p
Volume 1,790,259
Shares Issued 281.66m
Market Cap £2,014.46m
Beta 0.32
RiskGrade 79

GPOR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.73% below the market average94.73% below the market average94.73% below the market average94.73% below the market average94.73% 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
Price Trend
69.43% above the market average69.43% above the market average69.43% above the market average69.43% above the market average69.43% above the market average
67.57% above the sector average67.57% above the sector average67.57% above the sector average67.57% above the sector average67.57% above the sector average
Income
94.37% below the market average94.37% below the market average94.37% below the market average94.37% below the market average94.37% below the market average
87.88% below the sector average87.88% below the sector average87.88% below the sector average87.88% below the sector average87.88% below the sector average
Growth
45.34% above the market average45.34% above the market average45.34% above the market average45.34% above the market average45.34% above the market average
58.62% above the sector average58.62% above the sector average58.62% above the sector average58.62% above the sector average58.62% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 7
Sell 0
Strong Sell 3
Total 13
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
  Interim Final
Ex-Div 22-Nov-18 31-May-18
Paid 02-Jan-19 09-Jul-18
Amount 4.30p 7.30p

Trades for 15-Nov-2018

Time Volume / Share Price
16:57 100 @ 712.20p
16:57 1,103 @ 725.52p
16:49 7 @ 740.90p
16:49 6 @ 725.90p
16:49 6 @ 729.30p

GPOR Key Personnel

CEO Toby Courtauld
Chair Martin Scicluna
Finance Director Nick Sanderson

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