Added to YB: 2026-09-09
Pitch date: 2026-09-04
GPE.L [bullish]
Great Portland Estates Plc
-2.26%
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 1.4B
Pitch Price
GBP 3.27
Price Target
N/A
Dividend
2.45%
EV/EBITDA
62.55
P/E
8.80
EV/Sales
17.24
Sector
Office REITs
Category
growth
Theodosian Capital | Stocks Update 4/9/2026 - GPE – Another development asset completes
GPE.L (update): Great Portland Estates’ development pipeline is beginning to convert into income-generating assets: fully pre-let 30 Duke Street completed on time and budget, with average rents 6.7% above ERV, anticipated profit on cost of 37.1% and a 30.5% ungeared IRR. Five other on-site schemes are due by end-H1 2027, supporting earnings, distributions and lower leverage; consensus sees FY2027-29 P/E falling from 33.1x to 24.2x as dividend yield rises from 2.6% to 4.0%. This derisking should spark a meaningful rerating.
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