|Bid||587.00 x 0|
|Ask||588.50 x 0|
|Day's range||577.00 - 598.50|
|52-week range||420.88 - 1,317.00|
|Beta (5Y monthly)||1.24|
|PE ratio (TTM)||14.79|
|Earnings date||11 Nov 2020|
|Forward dividend & yield||0.36 (6.03%)|
|Ex-dividend date||02 Jul 2020|
|1y target est||1,083.50|
Government-mandated lockdowns have forced companies across the globe to adopt work-from-home policies, triggering a spike in defaults in rents owed to office-space providers and heavily weighing on occupancy rates. "As our existing customers review their space requirements, we have seen like-for-like occupancy fall by 3% to 90% in the quarter and we expect to see continued pressure on occupancy levels in the short-term," Chief Executive Officer Graham Clemett said in a statement. Customer enquiries for spaces in June jumped to 765 from 272 in April, the London-based company said.
Office-space operators have struggled with rent payment defaults in the March quarter as the lockdown to curb the spread of the novel coronavirus led companies to adopt work-from-home policies. Workspace also said it proposed a 10% increase in the final dividend payment, which has resulted in full year payment of 36.16 pence per share.
The Workspace (LON:WKP) share price has risen by 13.5% over the past month and it’s currently trading at 789.5. For investors considering whether to buy, hold...