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GPE Great Portland Estates Plc

383.00
-6.50 (-1.67%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Great Portland Estates Plc GPE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-6.50 -1.67% 383.00 16:35:00
Open Price Low Price High Price Close Price Previous Close
399.00 382.00 399.00 383.00 389.50
more quote information »
Industry Sector
REAL ESTATE INVESTMENT & SERVICES

Great Portland Estates GPE Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
16/11/2023InterimGBP0.04723/11/202324/11/202304/01/2024
17/11/2022FinalGBP0.07901/06/202302/06/202310/07/2023
17/11/2022InterimGBP0.04724/11/202225/11/202204/01/2023
19/05/2022FinalGBP0.07926/05/202227/05/202211/07/2022

Top Dividend Posts

Top Posts
Posted at 11/2/2024 13:21 by essentialinvestor
Agree and GPE is not an income holding for me.

It's a play on whether they can create medium term value from their large development pipeline and some increase in value on their existing portfolio (all be it asset sales likely to continue). £3.60's may be available
Posted at 21/12/2023 13:16 by essentialinvestor
Bought a small amount on the morning dip.


Will set up a GPE trading bb in the NY, to keep this one for discussion of company specific or sector news flow/prospects.
Posted at 01/11/2023 08:40 by skyship
Specto reports over on the CLI thread:

"GPE got a d/g to Sell from Citi this morning, not seen the note."
Posted at 24/3/2023 21:22 by nickrl
@EI despite fall divi yield still lousy but guess it has good assets in London that will support the share price at some point.
Posted at 24/3/2023 18:01 by essentialinvestor
Indeed, a smidge under 20% - all be it with a significant
multi year CAPEX development program ahead,
which they could flex.

GPE excel at consistent asset sales
through the cycle. Up to 2020 they had been net property sellers for 6/7 years. And some significant sales since.
Posted at 12/2/2023 14:09 by essentialinvestor
Where GPE perhaps do not get the credit they deserve, is in their outstanding record of astute asset sales, which once again we have evidence of in the recent transaction.
Posted at 02/9/2022 19:25 by nickrl
EI dividend is still at naff levels and with economic chaos on the horizon i can't see them lifting it. Of course they do have some good assets so someone would probably try take them out if the price fell too low so that will probably put a floor on how low they could go.
Posted at 01/7/2022 17:51 by essentialinvestor
Having been net sellers of property for over 6, if not 7 years in the run up to what
looks like a looming recession, GPE may be ideally placed to benefit from the next cycle.
As we may be early in this bear market, lower prices possibly available over the next few months.
One to watch at least.
Posted at 20/10/2015 09:25 by 18bt
This share price has perked up with an interim dividend and share buybacks. The problem is that they are awash with cash - still c15% discount to NAV, but that is histroically low and probably reflects the amount of cash - extract that and the discount is closer to 19%.
Posted at 01/5/2015 09:30 by skyship
18BT - I see I was wrong in stating no yield here. Actually paying an unchanged 15.5p total for a 2.7% yield.

However NAV performance disappointing; and to opt for buybacks is a lamentable decision. I have nothing against buybacks per se for asset-backed cos such as PE Trusts and propcos; however they should only be used when the discount has risen to levels well above peers. In the case of GPE the discount is still below that of peers!

They are being done to satisfy an institutional seller, so GPE funds are being wasted to help out a single shareholder. The funds would be better distributed to ALL shareholders through an increased dividend.

GPE remains a SELL in my book. Far better to buy into BPM ahead of the early June Prelims; and the rumoured sale of a large portfolio holding. An increase in the 205p NAV looks assured, so the current 28.8% discount at the 146p offer price suggests the stock is mis-priced...

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