Brief: Workspace Group Expects FY26 Trading Profit After Interest In Line With Market Expectations
17/04/2026 07:21
April 17 (Reuters) - Workspace Group PLC WKP.L: WORKSPACE GRP PLC - WORKSPACE Q4 BUSINESS UPDATE WORKSPACE: WORKSPACE EXPECTS TRADING PROFIT AFTER INTEREST FOR FINANCIAL YEAR ENDED 31 MARCH 2026 TO BE IN LINE WITH MARKET EXPECTATIONS WORKSPACE: EXPECT DECREASE IN RENT ROLL, REDUCTION IN PRICING OVER SECOND HALF TO HAVE NEGATIVE IMPACT ON VALUATION OF OUR PROPERTY PORTFOLIO WORKSPACE: EXPECTS SUBSTANTIAL STEP DOWN IN FY 2026/27 TRADING PROFIT COMPARED TO FY 2025/26 WORKSPACE: IN CUSTOMER ACTIVITY, TRADING HAS BEEN STEADY IN Q4, WITH 384 NEW LETTINGS COMPLETED WORKSPACE - BOARD INTENDS TO RETURN DIVIDEND COVER TO 1.2X FOR FY2025/26 ONWARDS WORKSPACE: CONSIDERING ADDITIONAL DISPOSALS, BEYOND PREVIOUSLY IDENTIFIED £200 MILLION DISPOSAL PROGRAMME WORKSPACE: FOR MEDIUM TERM, CONFIDENT IN STRUCTURAL DEMAND FOR OUR SPACE, STRATEGY TO DELIVER SUSTAINABLE EARNINGS GROWTH Source text: ID:nRSQ8382Aa Further company coverage: WKP.L ((((Reuters.Briefs@thomsonreuters.com));))