Great Portland Estates (GPOR)

Sector:

Property Investment Trusts

Index:

FTSE 250

716.40p
   
  • Change Today:
      11.20p
  • 52 Week High: 773.60
  • 52 Week Low: 649.40
  • Currency: UK Pounds
  • Shares Issued: 260.61m
  • Volume: 254,096
  • Market Cap: £1,867.03m
  • RiskGrade: 86
  • Beta: 0.01

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 716.40p
Change Today 11.20p
% Change 1.59 %
52 Week High 773.60
52 Week Low 649.40
Volume 254,096
Shares Issued 260.61m
Market Cap £1,867.03m
Beta 0.01
RiskGrade 86

GPOR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.34% below the market average60.34% below the market average60.34% below the market average60.34% below the market average60.34% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
17.54% above the market average17.54% above the market average17.54% above the market average17.54% above the market average17.54% above the market average
2.70% above the sector average2.70% above the sector average2.70% above the sector average2.70% above the sector average2.70% above the sector average
Income
92.58% below the market average92.58% below the market average92.58% below the market average92.58% below the market average92.58% 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
55.23% below the market average55.23% below the market average55.23% below the market average55.23% below the market average55.23% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 7
Sell 0
Strong Sell 7
Total 16
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 18-Sep-2019

Time Volume / Share Price
12:31 247 @ 716.40p
12:31 247 @ 716.40p
12:31 168 @ 716.40p
12:31 136 @ 716.40p
12:31 151 @ 716.40p

GPOR Key Personnel

CEO Toby Courtauld
Finance Director Nick Sanderson

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