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Great Portland Estates PLC (GPOR.L)

GPOR.L on London Stock Exchange

705.20GBp
9:05pm IST
Change (% chg)

5.60 (+0.80%)
Prev Close
699.60
Open
700.80
Day's High
708.60
Day's Low
696.80
Volume
743,332
Avg. Vol
1,011,564
52-wk High
777.60
52-wk Low
643.80

Latest Key Developments (Source: Significant Developments)

Great Portland Estates Says Qtrly Vacancy Rate Low At 4.2% (March 2019: 4.8%)
Thursday, 4 Jul 2019 

July 4 (Reuters) - Great Portland Estates PLC ::GREAT PORTLAND ESTATES TRADING UPDATE.9 NEW LETTINGS (35,400 SQ FT) SIGNED GENERATING ANNUAL RENT OF £2.2 MILLION (OUR SHARE: £1.9 MILLION) IN QUARTER.QUARTERLY VACANCY RATE LOW AT 4.2% (MARCH 2019: 4.8%).CONSOLIDATED NET DEBT INCREASED TO £188.9 MILLION AT 30 JUNE 2019, UP FROM £156.6 MILLION AT 31 MARCH.GROUP GEARING ROSE TO 8.2% AT 30 JUNE 2019 FROM 6.8% AT 31 MARCH 2019.  Full Article

Great Portland Estates Says Qtrly Vacancy Rate Low At 3.7 Pct
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - Great Portland Estates PLC ::GREAT PORTLAND ESTATES PLC - QTRLY VACANCY RATE LOW AT 3.7% (SEPT 2018: 4.8%).GREAT PORTLAND ESTATES PLC - GROUP CONSOLIDATED NET DEBT INCREASED TO £117.7 MILLION AT 31 DECEMBER 2018, UP FROM £116.3 MILLION AT 30 SEPTEMBER 2018.GREAT PORTLAND ESTATES PLC - GROUP GEARING ROSE TO 5.0% AT 31 DECEMBER 2018 FROM 4.9% AT 30 SEPTEMBER 2018.GREAT PORTLAND ESTATES PLC - OUR WEIGHTED AVERAGE INTEREST RATE WAS UNCHANGED AT 2.7% AT QUARTER END AND OUR WEIGHTED AVERAGE DEBT MATURITY WAS 6.7 YEARS.  Full Article

Aggregate Of Standard Life Aberdeen Discloses 5.02 Pct Stake In Great Portland
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Great Portland Estates PLC ::AGGREGATE OF STANDARD LIFE ABERDEEN DISCLOSES 5.02 PERCENT STAKE IN GREAT PORTLAND ESTATES PLC - FILING.  Full Article

Great Portland Estates annouces 200 mln stg buyback
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Great Portland Estates PLC ::COMPANY ANNOUNCES TODAY THAT IT HAS ENTERED INTO AN ARRANGEMENT WITH MERRILL LYNCH INTERNATIONAL AND J.P. MORGAN SECURITIES PLC TO REPURCHASE ORDINARY SHARES IN COMPANY UP TO A MAXIMUM AGGREGATE CONSIDERATION OF £200.0 MILLION.MAXIMUM AGGREGATE NUMBER OF SHARES THAT WILL BE REPURCHASED IS 42,221,384 ORDINARY SHARES..  Full Article

Great Portland Estates Plans For Ongoing Brexit Uncertainty
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Great Portland Estates PLC ::STRONG OPERATIONAL PERFORMANCE IN H1 DRIVEN BY LEASING SUCCESSES WITH CONTINUED CAPITAL DISCIPLINE.VALUATION UP 0.6%, DRIVEN BY RENTAL VALUE GROWTH; UPGRADING RENTAL VALUE GUIDANCE.AFTER REVALUATION SURPLUS, IFRS PROFIT AFTER TAX OF £33.7 MILLION (2017: £25.3 MILLION).FURTHER LEASING SUCCESSES, MARKET LETTINGS 4.8% AHEAD OF MARCH 2018 ERV.WHILST WE EXPECT, AND ARE PLANNING FOR, CONTINUED POLITICAL AND ECONOMIC UNCERTAINTY, PARTICULARLY GIVEN ONGOING BREXIT NEGOTIATIONS, GPE REMAINS EXCEPTIONALLY WELL POSITIONED.  Full Article

Great Portland Estate Sells 27/35 Mortimer Street
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Great Portland Estates PLC ::MORTIMER ST SALE.SOLD 27/35 MORTIMER STREET, W1 FOR £38.5 MILLION TO ORCHARD STREET INVESTMENT MANAGEMENT ON BEHALF OF ST JAMES'S PLACE UK PLC.SALE OF 27/35 MORTIMER STREET IS MARGINALLY AHEAD OF MARCH 2018 BOOK VALUE.  Full Article

Great Portland Sells 55 Wells Street, W1 For Headline Price Of 65.46 Mln Stg
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Great Portland Estates PLC ::HAS EXCHANGED CONTRACTS TO SELL 55 WELLS STREET, W1 TO AN OVERSEAS INVESTOR FOR A HEADLINE SALE PRICE OF £65.46 MILLION.SALE EQUATES TO £64.60 MILLION AFTER DEDUCTION OF TENANTS' INCENTIVES AND VENDOR TOP UPS.HEADLINE PRICE FOR PROPERTY SALE REFLECTS A NET INITIAL YIELD OF 3.99% AND A CAPITAL VALUE OF £1,674 PER SQ FT.  Full Article

Great Portland Sees Sustained Demand For Space From Occupiers
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Great Portland Estates PLC ::DURING QUARTER TO 30 SEPTEMBER 2018 SIGNED 24 NEW LETTINGS ACROSS 90,000 SQ FT, ANNUAL RENT OF £5.3 MILLION (GPE SHARE: £4.4 MILLION).QUARTERLY MARKET LETTINGS 6.5% AHEAD OF MARCH 2018 ERV.SIGNED 135,400 SQ FT OF NEW LETTINGS SINCE START OF FY GENERATING A COMBINED ANNUAL RENT OF £8.1 MILLION (GPE SHARE: £6.3 MILLION).CONTINUE TO SEE SUSTAINED OCCUPIER DEMAND FOR SPACE, LEASING AHEAD OF VALUER'S ERV AND CAPTURING PORTFOLIO REVERSION.  Full Article

Great Portland Appoints Richard Mully Chairman
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Great Portland Estates PLC ::GREAT PORTLAND ESTATES PLC - APPOINTMENT OF CHAIRMAN.GREAT PORTLAND ESTATES PLC - ANNOUNCES APPOINTMENT OF RICHARD MULLY AS NON-EXECUTIVE CHAIRMAN WITH EFFECT FROM 1 FEBRUARY 2019.GREAT PORTLAND ESTATES PLC - RICHARD MULLY WILL SUCCEED MARTIN SCICLUNA WHO WILL RETIRE FROM BOARD ON 31 JANUARY 2019.  Full Article

Great Portland Estates Says 11 New Lettings Signed In Quarter Ended June
Thursday, 5 Jul 2018 

July 5 (Reuters) - Great Portland Estates PLC ::GREAT PORTLAND ESTATES PLC - 11 NEW LETTINGS (41,700 SQ FT) SIGNED GENERATING ANNUAL RENT OF £2.5 MILLION (OUR SHARE: £1.6 MILLION) IN QUARTER TO 30 JUNE 2018.GREAT PORTLAND ESTATES PLC - VACANCY RATE OF 6.3% (FALLING TO 4.6% IF WE CONVERT ALL INVESTMENT LETTINGS UNDER OFFER) IN QUARTER TO 30 JUNE 2018.  Full Article