London · Delayed Price · Currency is GBP · Price in GBX Great Portland Estates Earnings Call Transcripts
Fiscal Year 2026
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Record leasing and strong operational performance drove EPS up 63% and NTA up 6.1%, with robust rent roll and liquidity. Outlook remains positive, targeting 20% EPS growth and over £1.2 billion in asset sales, supported by high demand for prime Central London offices.
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Operational and financial performance exceeded targets, with strong leasing, rental growth, and accretive capital recycling. Guidance for rental and EPS growth is reiterated, supported by robust demand, supply shortages, and a prime-focused strategy.
Fiscal Year 2025
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Strong operational and financial results were delivered, with record leasing, robust Flex growth, and upgraded rental guidance. The outlook is positive, with significant income and EPS growth expected, supported by a resilient London market and disciplined capital management.
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Strong operational performance and disciplined acquisitions have positioned the business for significant income and capital growth, with a robust balance sheet and a clear strategy to capitalize on London’s Grade A office supply shortage. Rental growth guidance is maintained at 3%-6%, and the flex segment continues to outperform.