Great Portland Estates plc R.E.I.T. (GPE) AI Stock Analysis

• Market Cap: £1.37B
• Dividend Yield: 2.32%
• Average Volume (3M): 858.23K
• Price to Earnings (P/E): 11.2
• Beta (1Y): 1.04
• Revenue Growth: -0.63%
• EPS Growth: N/A
• Country: UK
• Employees: 134
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Office
• EPS (TTM): 0.03
• Shares Outstanding: 406,188,660
• 10 Day Avg. Volume: 861,571
• 30 Day Avg. Volume: 858,228
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £352.00
• Price Target Upside: 3.38% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: 349.00p ▲(2.50% Upside)

The overall stock score of 62 reflects a balance between mixed financial performance and positive technical indicators. The company's financial health is hindered by income volatility and cash flow issues, while technical analysis suggests bullish momentum. The valuation indicates potential undervaluation, supported by a reasonable P/E ratio and dividend yield.

Positive Factors

Business Model Strength

GPE's focus on high-quality assets in key locations provides a competitive edge, ensuring demand and stable rental income from long-term leases.

Sustainability and Innovation

GPE's commitment to sustainability and innovation enhances tenant experience and environmental impact, aligning with growing ESG trends and tenant preferences.

Strategic Partnerships

Strategic partnerships allow GPE to expand its portfolio and market presence, leveraging external expertise and capital for growth and diversification.

Negative Factors

Income Volatility

Income volatility can affect predictability of earnings, impacting investor confidence and potentially leading to fluctuating valuations.

Increasing Leverage

Higher leverage increases financial risk, especially in a rising interest rate environment, potentially impacting cash flow and financial flexibility.

Negative Cash Flow

Negative cash flow suggests reliance on external financing, which can strain resources and limit the company's ability to invest in growth opportunities.

Great Portland Estates plc R.E.I.T. Business Overview & Revenue Model

Company Description

We are a FTSE 250 property investment and development company owning £2.6 billion of real estate in central London. We proactively manage our portfolio, flexing our activities in tune with London's property cycle to deliver long-term out-performance. We create in-demand spaces that people want to be part of; helping our occupiers, local communities and the city to thrive.

How the Company Makes Money

GPE generates revenue primarily through rental income from its portfolio of commercial properties, which includes office buildings, retail spaces, and mixed-use developments. The company benefits from long-term leases with tenants, providing stable cash flows. Additionally, GPE engages in property development, creating value by enhancing and repositioning properties, which can lead to significant returns upon leasing or selling. The company also capitalizes on strategic partnerships with developers and investors to expand its portfolio and enhance its market presence. Economic factors, demand for office space in London, and the company’s focus on high-quality assets significantly influence its earnings.

Great Portland Estates plc R.E.I.T. Financial Statement Overview

Summary

Great Portland Estates plc shows mixed financial health. The income statement reveals operational profitability but significant income volatility, impacting net margins. The balance sheet is relatively robust, yet increasing leverage poses potential risks. Cash flow performance is a concern, with negative operating and free cash flow indicating challenges in liquidity management.

Income Statement

The company's revenue has shown moderate growth over the years, with the latest year seeing a slight decrease. The gross profit margin is relatively stable, indicating consistent profitability from core operations. However, the net profit margin has experienced significant volatility, with large swings from profits to losses, suggesting potential issues with cost management or extraordinary items affecting net income. The EBIT and EBITDA margins have also fluctuated, reflecting operational challenges.

Balance Sheet

The balance sheet shows a reasonable equity ratio, indicating a stable capital structure with a significant proportion of assets funded by equity. However, the debt-to-equity ratio has increased, reflecting higher leverage which could pose risks in a rising interest rate environment. The return on equity has varied substantially, driven by volatile net income results.

Cash Flow

Cash flow from operations has been negative recently, raising concerns about the company's ability to generate cash internally. The free cash flow has also been negative, indicating reliance on external financing. The operating and free cash flow to net income ratios are adverse, suggesting cash flow issues relative to reported earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	101.50M	94.20M	95.40M	91.20M	84.20M	88.50M
Gross Profit	66.40M	59.10M	62.10M	57.20M	52.10M	62.10M
EBITDA	27.70M	132.20M	-288.50M	31.30M	16.20M	39.60M
Net Income	116.00M	116.00M	-307.80M	-163.90M	167.20M	-201.90M
Balance Sheet
Total Assets	3.03B	3.03B	2.48B	2.51B	2.78B	2.56B
Cash, Cash Equivalents and Short-Term Investments	18.20M	18.20M	22.90M	19.40M	16.70M	11.10M
Total Debt	935.00M	935.00M	815.50M	527.20M	589.70M	533.20M
Total Liabilities	1.03B	1.03B	895.00M	588.20M	662.40M	588.30M
Stockholders Equity	2.00B	2.00B	1.58B	1.92B	2.11B	1.97B
Cash Flow
Free Cash Flow	-4.60M	-4.60M	-7.70M	5.60M	15.90M	24.50M
Operating Cash Flow	-4.00M	-4.00M	-7.60M	5.80M	16.20M	24.90M
Investing Cash Flow	-384.60M	-384.60M	-231.70M	105.10M	-31.40M	-118.30M
Financing Cash Flow	402.60M	402.60M	242.80M	-108.20M	6.30M	9.60M

Great Portland Estates plc R.E.I.T. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 340.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:GPE, the sentiment is Positive. The current price of 340.5 is above the 20-day moving average (MA) of 338.70, above the 50-day MA of 321.18, and above the 200-day MA of 314.52, indicating a bullish trend. The MACD of 4.23 indicates Positive momentum. The RSI at 59.63 is Neutral, neither overbought nor oversold. The STOCH value of 58.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:GPE.

Great Portland Estates plc R.E.I.T. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LAND	74 Outperform	£4.74B	11.97	6.13%	5.17%	0.97%	―
PHP	74 Outperform	£2.48B	13.13	7.01%	7.32%	0.96%	―
BLND	73 Outperform	£3.87B	11.01	6.14%	5.71%	-20.83%	―
DLN	70 Neutral	£1.97B	8.29	6.80%	3.77%	2.30%	―
SHC	67 Neutral	£2.78B	8.46	8.66%	2.57%	-0.04%	655.16%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
GPE	62 Neutral	£1.37B	11.24	6.47%	2.32%	-0.63%	―

Great Portland Estates plc R.E.I.T. Corporate Events

Great Portland Estates Secures £525 Million ESG-Linked Credit Facility

Great Portland Estates plc has secured a new £525 million ESG-linked revolving credit facility with four existing banks, replacing a previous £450 million facility. This move, which includes extending an existing £150 million facility, enhances the company’s financial flexibility and supports its strategy to invest in development and refurbishment projects, thereby strengthening its market position.

The most recent analyst rating on (GB:GPE) stock is a Hold with a £349.00 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

GPE Secures Planning Approval for St Thomas Yard Redevelopment

Great Portland Estates plc has secured planning permission from Southwark Council for the redevelopment of St Thomas Yard, SE1. The project, designed by Orms, involves a retrofit-first approach to transform the existing 1980s structure into an 11-storey office building, significantly increasing the net area while reducing carbon emissions. This development reflects GPE’s confidence in the London office market and commitment to sustainability, with construction expected to start in summer 2026 and complete by late 2028.

The most recent analyst rating on (GB:GPE) stock is a Hold with a £349.00 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

Great Portland Estates Reports Robust Leasing Growth in Q2 2025

Great Portland Estates plc reported strong leasing performance in the second quarter of 2025, securing £37.6 million in new deals, surpassing last year’s total leasing volume. Despite macroeconomic challenges, GPE is well-positioned with high demand for its premium spaces, particularly in central London, and is expanding its portfolio with new acquisitions and refurbishments. The company’s strategic focus on sustainable, high-quality spaces and its experienced team are expected to drive further growth in value and income.

The most recent analyst rating on (GB:GPE) stock is a Hold with a £330.00 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

Great Portland Estates Clears Whistleblower Allegations

Great Portland Estates plc announced the conclusion of a whistleblower investigation, which found no evidence of unlawful conduct. The inquiry, led by an independent law firm and supported by a forensic accounting firm, confirmed that historical bonuses were correctly calculated and highlighted the company’s positive workplace culture. The investigation also identified areas for improvement, which the management is addressing with board oversight, reinforcing GPE’s commitment to fostering an inclusive and positive work environment.

The most recent analyst rating on (GB:GPE) stock is a Hold with a £330.00 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

Great Portland Estates Enhances Executive Investment with Share Incentive Plan

Great Portland Estates plc announced the acquisition of shares by its executive directors under the company’s 2010 Share Incentive Plan (SIP). The plan allows employees to purchase ‘Partnership Shares’ from their salary, which the company matches with ‘Matching Shares’ at no additional cost. This initiative reflects the company’s commitment to employee investment and aligns the interests of its executives with those of shareholders, potentially impacting the company’s market positioning by fostering a strong internal ownership culture.

The most recent analyst rating on (GB:GPE) stock is a Hold with a £330.00 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

GPE Secures Planning for Fitzrovia Workspace Refurbishment

Great Portland Estates plc has received planning permission from Westminster Council for the refurbishment of properties at 15 Gresse Street and 12/13 Rathbone Place in Fitzrovia. The project, designed by dMFK Architects, will transform the buildings into 43,000 sq ft of premium Fully Managed workspace, with construction set to begin in early 2026 and completion targeted for early 2027. This development is part of GPE’s strategy to enhance its Fully Managed portfolio, providing modern, stylish workspaces while respecting the historical significance of the site.

The most recent analyst rating on (GB:GPE) stock is a Hold with a £330.00 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

Great Portland Estates Announces CFO Departure

Great Portland Estates plc announced the departure of Nick Sanderson, its Chief Financial & Operating Officer, who will join Savills plc as CFO. The board has initiated a search for his successor, and Sanderson will remain in his role to ensure a smooth transition. His contributions over fourteen years, including financial discipline and operational growth, were acknowledged by the CEO and Chair, highlighting his impact on GPE’s growth and strategic focus.

The most recent analyst rating on (GB:GPE) stock is a Buy with a £360.00 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

Moody’s Reaffirms Great Portland Estates’ Baa2 Rating

Moody’s has reaffirmed Great Portland Estates plc’s Baa2 long-term issuer rating with a stable outlook, highlighting the company’s strong balance sheet and strategic market positioning. This confirmation underscores GPE’s ability to generate value and adapt to market demands, with a significant development pipeline poised to drive income and value growth in the coming years.

The most recent analyst rating on (GB:GPE) stock is a Buy with a £360.00 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

Great Portland Estates Expands AI Customer Base in London

Great Portland Estates plc (GPE) has expanded its AI customer base, with AI-related businesses now representing 18.5% of its Fully Managed office portfolio. The latest addition, Vanta, a compliance automation platform, highlights GPE’s strategic focus on attracting AI companies, capitalizing on London’s status as a global hub for AI innovation. Despite potential reductions in global office space demand due to AI, GPE believes that premium workspaces in key cities like London will continue to attract top-tier AI talent and businesses.

The most recent analyst rating on (GB:GPE) stock is a Sell with a £2.90 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

Great Portland Estates Enhances Employee Investment with Share Incentive Plan

Great Portland Estates plc announced the acquisition of shares by its executive directors under the company’s 2010 Share Incentive Plan (SIP). The plan allows employees to purchase Partnership Shares from their salary, with the company matching each share with two additional Matching Shares at no cost. This initiative reflects the company’s commitment to employee investment and engagement, potentially enhancing stakeholder confidence in its governance and operational strategies.

The most recent analyst rating on (GB:GPE) stock is a Buy with a £3.90 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

GPE Expands West End Portfolio with The Gable Acquisition

Great Portland Estates plc has acquired The Gable, WC1, for £18.0 million, expanding its Fully Managed West End cluster. The building will undergo substantial refurbishment to enhance its workspace offerings, aiming to increase its development yield and operational efficiency. This acquisition aligns with GPE’s strategy to expand its Fully Managed portfolio to over 1 million sq ft by 2030, reflecting confidence in meeting customer demand for premium workspaces.

The most recent analyst rating on (GB:GPE) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

Great Portland Estates Boosts Leasing Momentum with New Deals

Great Portland Estates plc has secured three new Fully Managed leasing deals, totaling 11,720 sq ft of premium office space, generating £2.5 million in annual rent. The company’s leasing activity has accelerated, with eight deals completed in the second quarter and eight more under offer, reinforcing confidence in their premium offerings and potential for income and value growth.

The most recent analyst rating on (GB:GPE) stock is a Hold with a £375.00 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

GPE Achieves Leasing Success with 141 Wardour Street Completion

Great Portland Estates plc has completed its latest Fully Managed building at 141 Wardour Street, with two-thirds of the office space already let or under offer, indicating strong demand for its premium offerings. The leasing success, including a flagship retail unit pre-let to REPRESENT, is expected to generate significant rental income and demonstrates GPE’s effective strategy in customer retention and growth within its portfolio. The company anticipates continued leasing momentum with its upcoming project at 170 Piccadilly, reinforcing its position in the market.

The most recent analyst rating on (GB:GPE) stock is a Hold with a £3.75 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.

Great Portland Estates Directors Engage in Share Incentive Plan

Great Portland Estates plc announced that its Executive Directors have participated in the company’s 2010 Share Incentive Plan (SIP), acquiring Partnership Shares and receiving Matching Shares at no additional cost. This initiative underscores the company’s commitment to aligning the interests of its leadership with shareholders and enhancing employee engagement through equity participation.

The most recent analyst rating on (GB:GPE) stock is a Buy with a £4.10 price target. To see the full list of analyst forecasts on Great Portland Estates plc R.E.I.T. stock, see the GB:GPE Stock Forecast page.