Workspace Group plc R.E.I.T. stock analysis
Workspace Group plc R.E.I.T. (WRX1) Stock Price & Analysis
WRX1 Stock Chart & Stats
- Day’s Range
- EUR 4.06 - EUR 4.20
- 52-Week Range
- EUR 3.48 - EUR 5.20
- Previous Close
- EUR 4.22
- Volume
- N/A
- Average Volume (3M)
- 8
- Market Cap
- EUR 816.40M
- Enterprise Value
- EUR 1.44B
- Total Cash (Recent Filing)
- EUR 10.50M
- Total Debt (Recent Filing)
- EUR 793.10M
- Price to Earnings (P/E)
- ―
- Beta
- 0.60
- Next Earnings
- Nov 18, 2026 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 7.11%
Bulls Say, Bears Say
Bulls Say
Consistent Cash Generation
Recurring positive operating and free cash flow provides an important financial foundation for a property company, supporting maintenance, investment, and obligations without relying entirely on external funding. The approximately £60m 2026 FCF demonstrates that cash generation remains resilient despite reported accounting losses.
Moderate And Declining Leverage
Moderate leverage and a recent reduction in total debt support balance-sheet resilience and preserve financial flexibility. Lower debt can reduce refinancing pressure and leave the company better positioned to manage property-market volatility while funding refurbishment or development opportunities over the coming periods.
Stable Gross Margin
A relatively strong, stable gross margin indicates that the underlying property-income model can generate attractive economics before below-the-line effects. This provides a durable operating base for Workspace to benefit from occupancy, rent, refurbishment, and repositioning improvements when market conditions permit.
Bears Say
Severe Revenue Volatility
An approximately 82% annual revenue decline signals substantial instability in the reported top line and makes forward operating performance harder to sustain predictably. Persistent revenue volatility could weaken cash planning, reduce reinvestment capacity, and challenge the dependable growth profile expected from a property portfolio.
Repeated Profitability Swings
Repeated shifts between profit and significant loss indicate that earnings are not yet dependable, even though gross margins remain comparatively strong. This volatility can constrain capital allocation, reduce retained equity, and make the company more exposed to changes in property values and other below-the-line effects.
Weak Equity Returns
Declining equity combined with weak or negative returns on equity points to limited value creation from the capital base over multiple periods. If this pattern persists, it may reduce balance-sheet headroom, limit internally funded growth, and increase the importance of disciplined asset and liability management.
WRX1 FAQ
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Workspace Group plc R.E.I.T. Stock Smart Score
Company Description
Workspace Group plc R.E.I.T.
Founded in 1987 and publicly traded on the London Stock Exchange (WKP.L) since 1993, Workspace Group plc manages an extensive portfolio of approximately 4 million square feet of commercial property throughout London. The company's core mission is to empower businesses to achieve their full potential by providing inspiring, adaptable workspaces situated in the capital's most dynamic locations. These premises host a diverse array of London's thriving enterprises, from rapidly expanding startups to well-established brands across numerous sectors. Workspace operates as a FTSE 250-listed Real Estate Investment Trust (REIT) and is a member of the European Public Real Estate Association.
- Sector
- Realestate
- Industry
- REIT - Office
- CEO
- Charles Richard Green
- Employees
- 283
- Website
- www.workspace.co.uk
- Address
- Centro One, London, GL, SW9 6DE, GB
Workspace Group plc R.E.I.T. (WRX1) Earnings & Revenues
WRX1 Earnings Call
Earnings Call SentimentNeutral
The earnings call highlighted several positive developments, including improved conversion rates, a higher NPS, and successful cost reductions, which indicate progress in strategic initiatives. However, these are balanced by significant challenges such as decreased occupancy, valuation drops, and a loss before tax, reflecting ongoing operational difficulties.
View all DE:WRX1 earnings summariesWRX1 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 16 | 3 | 3 |
| Technical Analysis | 4 | 3 | 3 |
| Moving Averages | 12 | 0 | 0 |









