REG - Great Portland Ests. - Moody’s reconfirms GPE’s Baa2 credit rating

Great Portland EstatesAnnouncement

18/09/2025 07:00

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RNS Number : 7794Z  Great Portland Estates PLC  18 September 2025

18 September 2025

 

Moody's reconfirms GPE's Baa2 credit rating

Great Portland Estates plc (GPE) announces that Moody's Ratings has confirmed
that GPE's Baa2 long-term issuer rating and stable outlook remain unchanged
following periodic review. This outcome reflects GPE's strong balance sheet,
market positioning and resilient business strategy.

Moody's also highlights several key credit strengths, including:

·      High quality office portfolio strategically located in London;

·      Strong track record of generating value and adapting to the
evolving needs of office customers;

·      Maintaining one of the lowest leverage metrics in the sector; and

·      Significant financial flexibility owing to our nearly entirely
unencumbered asset base and robust liquidity.

The company will provide further details on its financial performance in its
Half Year results on 18 November.

 

Nick Sanderson, Chief Financial & Operating Officer commented: 'We are
pleased that Moody's has reaffirmed our rating, which we believe validates our
strategy of delivering premium, sustainable space into a market where
demand-supply dynamics are increasingly in our favour. Against this backdrop,
we are well positioned, with our extensive development pipeline expected to
generate significant surpluses over the coming years, driving significant
income and value growth."

 

 

 Great Portland Estates plc                                                                                                                                                                                +44  (0)  20  7647  3000
 Nick Sanderson, Chief Financial & Operating Officer
 Martin Leighton, Joint Director of Finance
 Stephen Burrows, Director of Investor Relations and Joint Director of Finance

 Holly Reynolds, Senior Corporate Finance and Tax Manager

 FGS Global
 James                                                                                                                                                                                                     +44  (0)  20  7251  3801
 Murgatroyd
 Gordon
 Simpson

 

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