Added to YB: 2026-04-22
Pitch date: 2026-04-17
GPE.L [neutral]
Great Portland Estates Plc
-1.3%
current return
Author Info
No bio for this author
Company Info
Great Portland Estates Plc is a FTSE 250 property investment and development company, owning a 2.4 billion pounds portfolio of London real estate.
Market Cap
GBP 1.3B
Pitch Price
GBP 3.24
Price Target
N/A
Dividend
2.42%
EV/EBITDA
69.96
P/E
9.09
EV/Sales
20.87
Sector
Office REITs
Category
value
Theodosian Capital | Stocks Update 17/4/2026 - GPE – Strong Q4 update
GPE.L (update): Q4 lettings £24.4M, 15.8% above Mar-25 ERV; FY26 total £70.9M, +10.3% vs ERV. Completed 2 Aldermanbury Sq (100% pre-let), largest office scheme. Sold £490M property, +2% vs book. Pipeline completion will transform income (current rental half of ERV). Trades 30.6x FY27 P/E, 24.3x FY28; 2.7% yield. Wide NAV discount makes buybacks accretive.
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