Great Portland Estates plc R.E.I.T. (G9KB) Stock Price & Analysis
G9KB Stock Chart & Stats
- Day’s Range
- EUR 3.84 - EUR 4.10
- 52-Week Range
- EUR 3.08 - EUR 4.44
- Previous Close
- EUR 3.96
- Volume
- N/A
- Average Volume (3M)
- 0
- Market Cap
- EUR 1.65B
- Enterprise Value
- EUR 2.00B
- Total Cash (Recent Filing)
- EUR 22.70M
- Total Debt (Recent Filing)
- EUR 878.00M
- Price to Earnings (P/E)
- 8.7
- Beta
- 0.75
- Next Earnings
- Nov 19, 2026 (Est.)
- EPS Estimate
- 0.07
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 2.32%
Bulls Say, Bears Say
Bulls Say
Leasing And Rent-roll Growth
Record leasing above estimated rental value and a 46% increase in rent roll indicate strong occupier demand and improving income capacity. These gains can support recurring rental growth, enhance asset utilization, and provide a durable base for NOI expansion over the next several quarters.
Development Pipeline
The sizeable development pipeline gives GPE multiple avenues to create value through redevelopment, refurbishment, and improved sustainability or amenity standards. A substantial expected surplus, alongside embedded rental growth, supports future earnings and portfolio quality if execution remains on track.
Balance Sheet And Liquidity
Moderate leverage, ample liquidity, and a multi-year debt maturity profile provide financial flexibility for committed projects and selective capital allocation. This cushion should help GPE manage property-market volatility while continuing development and leasing activity without excessive balance-sheet strain.
Bears Say
Negative Cash Generation
Persistently negative operating and free cash flow weakens earnings quality and reduces internally generated funding for development, debt service, and distributions. Although reported profitability rebounded, continued cash outflows could constrain flexibility and make returns more dependent on financing or asset sales.
Reliance On Asset Disposals
The planned sales program creates execution risk because value realization depends on buyer demand, timing, and redeployment of proceeds. Disposals may also reduce rent roll by about GBP 60m, creating a potential trade-off between near-term crystallization of gains and recurring income growth.
Construction Cost Pressure
Persistently rising construction costs can compress development margins and reduce the value created from GPE’s pipeline unless rental growth outpaces inflation. This pressure makes project economics more sensitive to leasing outcomes, timing, and disciplined cost control across the committed capex program.
Great Portland Estates plc R.E.I.T. News
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Great Portland Estates plc R.E.I.T. Stock Smart Score
Company Description
Great Portland Estates plc R.E.I.T.
Great Portland Estates Plc is a leading FTSE 250 company specializing in property investment and development, managing a substantial central London portfolio worth £2.6 billion. We adopt an agile and forward-thinking approach to portfolio management, adjusting our strategies in response to London's dynamic property market to consistently achieve outstanding long-term performance. Our goal is to craft highly desirable environments that attract occupants, thereby fostering success for our tenants, enriching local communities, and supporting the overall vitality of the capital.
- Sector
- General
- Industry
- REIT - Office
- CEO
- Toby Courtauld
- Employees
- 164
- Website
- www.gpe.co.uk
- Address
- 33 Cavendish Square, London, GL, W1G 0PW, GB
Great Portland Estates plc R.E.I.T. (G9KB) Earnings & Revenues
G9KB Earnings Call
Earnings Call SentimentPositive
The call presents a strongly positive operational and financial story: record leasing, material rent roll and NOI growth, notable valuation gains on developments, disciplined contracyclical acquisitions at significant discounts and a healthy balance sheet with ample liquidity. Key risks noted were construction cost pressures, mixed investment market/yield uncertainty, dependency on crystallizing a large sales program and the timing required for dividends to be fully cash‑covered. On balance the company emphasised execution, multiple growth levers (lettings, developments, fully managed flex) and financial flexibility to manage downside.
View all DE:G9KB earnings summariesG9KB Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 1 | 5 |
| Technical Analysis | 3 | 1 | 5 |
| Moving Averages | 12 | 0 | 0 |












