Great Portland Estates (GPOR)

Sector:

Property Investment Trusts

Index:

FTSE 250

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

Great Portland signs £450m revolving credit facility

By Michele Maatouk

Date: Friday 12 Oct 2018

LONDON (ShareCast) - (Sharecast News) - Great Portland Estates has signed a £450m unsecured revolving credit facility with six existing relationship banks.
The facility has an initial five-year term that can be extended to up to seven years at the company's request, subject to bank consent. It includes Great Portland's standard unsecured financial covenants and is an amendment and extension of the £450m revolving credit facility signed in October 2014.

Following this transaction and the recent redemption for cash of the group's £150m convertible bond, Great Portland has no group level debt maturities until the initial expiry of this amended facility in October 2023.

The facility, which is with NatWest, Santander Corporate & Investment Banking, Wells Fargo, Lloyds Bank, Crédit Agricole CIB and Bank of China, has a headline margin of 92.5 basis points over Libor.

Martin Leighton, director of corporate finance, said: "We are very pleased to have arranged this flexible and competitively priced facility with our relationship banks, which reflects their continuing support for our focused business model and conservative capital structure.

"This transaction combined with our other proactive refinancing activities over the last 18 months have further reduced the cost and extended the term of our predominantly unsecured debt facilities."

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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 798.66
52 Week Low 656.50
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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