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Great Portland Estates Plc is a FTSE 250 property investment and development company, owning a 2.4 billion pounds portfolio of London real estate. They aim to deliver value by unlocking the often hidden potential in central London commercial real estate, a market we know inside out. They reposition properties, let off low rents and rich with opportunities for improvement, into more valuable spaces that are attractive to a diverse range of occupiers. The firm operate in highly cyclical markets. The firm's strategy is to capture the opportunities that this cyclicality creates through our active business model, flexing our activities in tune with changing market conditions, increasing and reducing operational risk as appropriate, whilst always maintaining low financial leverage. Their culture lies at the heart of our ability to achieve our strategic goals. It is entrepreneurial and pragmatic with an emphasis on cross-disciplinary teamwork. They also believe that building strong and enduring relationships with our occupiers, service partners, joint venture partners and other stakeholders is critical to our success. Great Portland Estates Plc was incorporated in 1959 in United Kingdom.
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| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Income before tax | 117.80M | -307.80M | -164.00M | 166.70M | -202.00M |
| Net income | 116.00M | -307.80M | -163.90M | 167.20M | -201.90M |
| Selling general administrative | 8.60M | 9.80M | 10.30M | 8.90M | 5.80M |
| Selling and marketing expenses | - | 0.10M | - | - | - |
| Gross profit | 59.10M | 62.10M | 58.90M | 53.70M | 63.70M |
| Reconciled depreciation | 1.70M | 1.60M | 1.70M | 1.60M | 1.60M |
| Ebit | 130.50M | -290.10M | -152.60M | 175.80M | -194.20M |
| Ebitda | 132.20M | -288.50M | -150.90M | 177.40M | -192.60M |
| Depreciation and amortization | 1.70M | 1.60M | 1.70M | 1.60M | 1.60M |
| Operating income | 124.10M | -294.50M | -158.50M | 168.40M | -202.20M |
| Other operating expenses | 29.90M | 399.70M | 71.40M | 69.60M | 57.70M |
| Interest expense | 12.70M | 17.70M | 11.50M | 9.10M | 7.80M |
| Tax provision | 1.80M | 0.00M | -0.10M | -0.50M | -0.10M |
| Interest income | 7.20M | 6.10M | 6.00M | 7.40M | 8.00M |
| Net interest income | -5.90M | -11.60M | -5.50M | -1.70M | 0.20M |
| Income tax expense | 1.80M | 46.70M | -0.10M | -0.50M | -0.10M |
| Total revenue | 94.20M | 95.40M | 91.20M | 84.20M | 88.50M |
| Total operating expenses | -65.00M | 356.60M | 39.10M | 39.10M | 32.90M |
| Cost of revenue | 35.10M | 33.30M | 32.30M | 30.50M | 24.80M |
| Total other income expense net | -6.30M | -13.30M | -193.60M | 137.60M | -240.00M |
| Net income from continuing ops | 116.00M | -307.80M | -163.90M | 167.20M | -201.90M |
| Net income applicable to common shares | - | - | - | 167.20M | -201.90M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Total assets | 3028.80M | 2478.00M | 2505.60M | 2757.80M | 2559.90M |
| Other current assets | 27.20M | 36.70M | 4.40M | 4.50M | 1.20M |
| Total liab | 1028.10M | 895.00M | 587.00M | 644.90M | 588.30M |
| Total stockholder equity | 2000.70M | 1583.00M | 1918.60M | 2112.90M | 1971.60M |
| Other current liab | 85.50M | 59.80M | 53.10M | 69.00M | 48.60M |
| Common stock | 62.00M | 38.70M | 38.70M | 38.70M | 38.70M |
| Capital stock | 62.00M | 38.70M | 38.70M | 38.70M | 38.70M |
| Retained earnings | 1251.90M | 1166.00M | 1504.40M | 1697.90M | 1560.00M |
| Other assets | - | 1.60M | - | 2147.90M | 1895.20M |
| Cash | 18.20M | 22.90M | 3.20M | 16.70M | 11.10M |
| Total current liabilities | 88.10M | 251.50M | 56.80M | 55.40M | 55.10M |
| Current deferred revenue | - | 16.40M | - | -16.90M | - |
| Net debt | 916.80M | 792.60M | 524.00M | 573.00M | 522.10M |
| Short term debt | - | 141.30M | 0.20M | 0.20M | - |
| Short long term debt | 0.00M | 175.00M | 0.00M | 0.20M | - |
| Short long term debt total | 935.00M | 815.50M | 527.20M | 589.70M | 533.20M |
| Other stockholder equity | 686.80M | 46.00M | 375.50M | 376.30M | 372.90M |
| Property plant equipment | - | - | - | 5.00M | 6.30M |
| Total current assets | 57.60M | 66.00M | 35.20M | 21.10M | 31.00M |
| Net tangible assets | - | - | - | 2112.90M | 1971.60M |
| Short term investments | - | -0.40M | - | - | - |
| Net receivables | 12.20M | 6.40M | 11.40M | 16.60M | 18.70M |
| Long term debt | 848.00M | 565.40M | 458.50M | 531.00M | 488.60M |
| Inventory | - | - | 16.20M | 0.00M | 0.00M |
| Accounts payable | - | 1.40M | 3.70M | 3.10M | 6.50M |
| Accumulated other comprehensive income | - | 332.30M | - | - | - |
| Non currrent assets other | 2460.30M | 1915.90M | -544.10M | -588.80M | -633.70M |
| Non current assets total | 2971.20M | 2412.00M | 2470.40M | 2736.70M | 2528.90M |
| Capital lease obligations | 87.00M | 75.10M | 68.70M | 58.50M | 44.60M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Investments | -384.60M | -231.70M | 112.60M | -24.10M | -110.00M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -384.60M | -231.70M | - | -24.10M | -110.00M |
| Net borrowings | 105.50M | 281.00M | - | 39.00M | 41.30M |
| Total cash from financing activities | 402.60M | 242.80M | -108.20M | 6.30M | 9.60M |
| Change to operating activities | - | - | - | 3.00M | -6.30M |
| Net income | 124.10M | -307.80M | -158.50M | 168.40M | -202.20M |
| Change in cash | 14.00M | 3.50M | 2.70M | 5.60M | -83.80M |
| Begin period cash flow | 22.90M | 19.40M | 16.70M | 11.10M | 94.90M |
| End period cash flow | 36.90M | 22.90M | 19.40M | 16.70M | 11.10M |
| Total cash from operating activities | -4.00M | -7.60M | -1.70M | 6.70M | 16.60M |
| Issuance of capital stock | 350.30M | 0.00M | - | - | - |
| Depreciation | 1.70M | 1.60M | 1.70M | 1.60M | 1.60M |
| Other cashflows from investing activities | -383.20M | -230.80M | - | - | - |
| Dividends paid | 31.80M | 32.70M | 31.90M | 32.70M | 31.70M |
| Change to inventory | - | - | - | - | 4.90M |
| Change to account receivables | 3.80M | -8.60M | 5.30M | 0.50M | -3.40M |
| Sale purchase of stock | -5.70M | 0.00M | - | - | -127.80M |
| Other cashflows from financing activities | -15.70M | -5.50M | 310.70M | 241.50M | 146.30M |
| Change to netincome | - | - | - | -163.50M | 226.60M |
| Capital expenditures | 0.60M | 0.10M | 0.20M | 0.30M | 0.40M |
| Change in working capital | 10.00M | -4.50M | -0.80M | 1.40M | -9.70M |
| Stock based compensation | 4.20M | 4.00M | 1.30M | 3.90M | 1.50M |
| Other non cash items | -144.00M | 299.10M | -6.30M | -1.40M | 2.40M |
| Free cash flow | -4.60M | -7.70M | -1.90M | 6.40M | 16.20M |
Sector: Real Estate Industry: REIT - Office
|
Stock Name
|
Change
(GBX) |
Price
(GBX) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| GPE GREAT PORTLAND ESTATES PLC |
-1.60 0.48% |
335.20 | 8.21 | 28.65 | 10.74 | 0.61 | 22.42 | 14.66 |
| DLN Derwent London PLC |
5.00 0.27% |
1888.00 | 11.50 | 16.95 | 4.54 | 0.50 | 7.99 | 15.61 |
| WKP Workspace Group PLC |
5.60 1.67% |
341.60 | - | 10.92 | 3.97 | 0.48 | 8.40 | 42.20 |
| CLI CLS Holdings plc |
-0.85 1.82% |
45.80 | - | 6.17 | 1.34 | 0.26 | 7.85 | 13.46 |
| RGL Regional REIT Ltd |
1.70 1.93% |
89.70 | - | 9.23 | 1.89 | 0.44 | 14.61 | 19.56 |
Great Portland Estates Plc is a FTSE 250 property investment and development company, owning a 2.4 billion pounds portfolio of London real estate. They aim to deliver value by unlocking the often hidden potential in central London commercial real estate, a market we know inside out. They reposition properties, let off low rents and rich with opportunities for improvement, into more valuable spaces that are attractive to a diverse range of occupiers. The firm operate in highly cyclical markets. The firm's strategy is to capture the opportunities that this cyclicality creates through our active business model, flexing our activities in tune with changing market conditions, increasing and reducing operational risk as appropriate, whilst always maintaining low financial leverage. Their culture lies at the heart of our ability to achieve our strategic goals. It is entrepreneurial and pragmatic with an emphasis on cross-disciplinary teamwork. They also believe that building strong and enduring relationships with our occupiers, service partners, joint venture partners and other stakeholders is critical to our success. Great Portland Estates Plc was incorporated in 1959 in United Kingdom.
| Name | Title | Year Born |
|---|---|---|
| Mr. Toby Courtauld M.A., MA, MRICS | CEO & Director | 1968 |
| Mr. Nick Sanderson A.C.A., ACA, B.A., BA (Hons) | Chief Financial & Operating Officer and Director | 1973 |
| Mr. Dan Nicholson M.A. | Exec. Director | NA |
| Mr. Martin Leighton A.C.A., L.L.B., LLB, ACA, CTA | Director of Corp. Fin. | NA |
| Mr. Stephen Burrows BA (Hons), MA, ACA | Director of Financial Reporting & Investor Relations | NA |
| Mr. Darren Lennark L.L.B. | Gen. Counsel & Company Sec. | NA |
| Mr. Andrew White B.Sc., BSc (Hons,) Dip IPF, MRICS | Devel. Director | NA |
| Ms. Anisha Patel B.A. | Director of Marketing | NA |
| Ms. Carrie Heiss | Human Resource Director | NA |
| Ms. Janine Cole AIEMA, MIOSH | Sustainability & Social Impact Director | NA |
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