|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||10.24 - 10.24|
|52-week range||8.55 - 10.55|
|Beta (5Y monthly)||0.67|
|PE ratio (TTM)||128.00|
|Forward dividend & yield||0.17 (1.71%)|
|Ex-dividend date||02 Dec 2021|
|1y target est||N/A|
It is hard to get excited after looking at Great Portland Estates' (LON:GPOR) recent performance, when its stock has...
Office property firms in the UK are gradually recovering after battling lower rental levels and a steep decline in valuation during the pandemic, as people increasingly return to cities, particularly in the key office hub of London. "We are seeing healthy growth in office jobs which is driving renewed occupier demand for City and West End offices, up by more than 50% since this time last year," Chief Executive Officer Toby Courtauld said in a statement. Great Portland, which has 2.5 million square feet of Central London property, said overall portfolio valuation was up 2% at 2.5 billion pounds ($3.38 billion) as of September-end and echoed its rivals in highlighting strong demand for flexible working spaces, which now account for 15% of its office properties.
Lockdowns have had a devastating impact on London’s commercial property market.