UK's Great Portland Estates annual revenue beats estimates, EPRA EPS up 63%

Great Portland Estates

21/05/2026 07:16

Overview

UK commercial property firm's annual revenue rose and beat analyst expectations

EPRA EPS for the year rose 63%, reflecting strong operational performance

Company achieved record leasing and 46% rent roll growth, boosting portfolio value

Outlook

Great Portland Estates sees FY27 rental growth of 4.0% to 7.0%

Company expects prime office rental growth of 4.0% to 8.0% for FY27

Great Portland Estates expects medium-term ROE above 10%

Result Drivers

RECORD LEASING - Co said record leasing activity, with 88 new leases and renewals generating annual rent 10.3% above March 2025 estimated rental value, drove results

RENTAL VALUE GROWTH - Continued demand for premium, sustainable office space led to a 5.8% like-for-like increase in rental values, supporting portfolio valuation gains

DEVELOPMENT AND CAPITAL RECYCLING - Pre-letting of major developments and asset sales at a premium contributed to valuation growth and income expansion

Company press release: ID:nRSU1738Fa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
GBP 117.90 mln
GBP 98.009 mln (10 Analysts)
FY Net Income
GBP 154.50 mln
FY EBIT
GBP 157.40 mln
FY EPRA Earnings Per Share
GBP 0.09
FY Pretax Profit
GBP 152.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Great Portland Estates PLC is GBp373.50, about 23.5% above its May 20 closing price of GBp302.40

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 37 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)