Great Portland Estates (GPOR)

Sector:

Property Investment Trusts

Index:

FTSE 250

954.80p
   
  • Change Today:
    -11.20p
  • 52 Week High: 967.80
  • 52 Week Low: 649.40
  • Currency: UK Pounds
  • Shares Issued: 253.87m
  • Volume: 519,651
  • Market Cap: £2,423.93m
  • RiskGrade: 83

Great Portland Estates reports continued leasing success

By Frank Prenesti

Date: Thursday 04 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Great Portland Estates on Thursday reported "continued leasing success" in the quarter to June 30 with nine lettings generating annual rent share of £1.9m.
The company said seven rent reviews had been settled securing £2.3m a year, 17.2% above previous passing rent with remaining reversionary potential of 7.5%, or £7.7m.

In a trading update, Great Portland said it had 12 lettings under offer totalling £3.7m a year of rent, with a company share of £2.9m, including 5,000 sq ft of retail at its Hanover Square development.

The vacancy rate was 4.2% for the period compared with 4.8% in March.



"I am pleased to report continued positive activity over the first quarter with healthy leasing, excellent progress at our three committed development schemes, which are already more than 23% pre-let or under-offer, and further surplus equity returned to shareholders through our ongoing share buyback programme," said chief executive Toby Courtauld.

"The second quarter has started well with encouraging levels of enquiries from prospective occupiers attracted to our brand of high quality, well located space."

"Whilst the current political uncertainties could lead to economic turbulence, we remain convinced of the long-term, enduring appeal of our capital city and its property markets to businesses and investors alike."

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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 954.80p
Change Today -11.20p
% Change -1.16 %
52 Week High 967.80
52 Week Low 649.40
Volume 519,651
Shares Issued 253.87m
Market Cap £2,423.93m
RiskGrade 83

GPOR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.22% below the market average76.22% below the market average76.22% below the market average76.22% below the market average76.22% below the market average
65.71% below the sector average65.71% below the sector average65.71% below the sector average65.71% below the sector average65.71% below the sector average
Price Trend
77.48% above the market average77.48% above the market average77.48% above the market average77.48% above the market average77.48% above the market average
62.16% above the sector average62.16% above the sector average62.16% above the sector average62.16% above the sector average62.16% above the sector average
Income
97.18% below the market average97.18% below the market average97.18% below the market average97.18% below the market average97.18% below the market average
93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average
Growth
54.53% below the market average54.53% below the market average54.53% below the market average54.53% below the market average54.53% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 6
Sell 0
Strong Sell 5
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
  Interim Final
Ex-Div 21-Nov-19 30-May-19
Paid 02-Jan-20 08-Jul-19
Amount 4.70p 7.90p

Trades for 20-Feb-2020

Time Volume / Share Price
16:35 198,540 @ 954.80p
16:29 129 @ 954.40p
16:29 203 @ 955.20p
16:29 543 @ 954.80p
16:29 1 @ 955.20p

GPOR Key Personnel

CEO Toby Courtauld
Finance Director Nick Sanderson

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