Great Portland Estates Share Discussion Threads

[essentialinvestor] 04/10/2018 22:22

Surprised 660 held today, may not for much longer.

[essentialinvestor] 03/10/2018 14:31

Had a very small amount around 662.

[essentialinvestor] 23/8/2018 12:03

Yet another property sold last week.
NAV discount too low for me to add atm.

[essentialinvestor] 01/6/2017 15:51

XD today, added a small amount.

[essentialinvestor] 23/5/2017 11:42

FY result tomorrow.

[bscuit] 17/5/2017 16:48

Now consolidated on 19 for 20 and thereafter Special dividend 32.15pps payable 31.05.17.

[pillion] 12/4/2017 16:34

For L



10 February 2017
GPE sells Rathbone Square, W1 for GBP435 million and proposes to return the profit of GBP110 million to shareholders
Great Portland Estates plc ("GPE") has sold the freehold of Rathbone Square, 35/50 Rathbone Place, W1 to Rathbone Place Jersey Limited, an entity owned by WestInvest Gesellschaft Für Investmentfonds mbH and Deka Immobilien Investment GmbH ("Deka"), for a headline price of GBP435.0 million, reflecting a net initial yield to the buyer of 4.25%. The sale is expected to crystallise a whole-life capital return for GPE from the entire development project of approximately GBP110.0 million which is proposed to be returned to shareholders by way of a special dividend. The sale of this mature property and the proposed special dividend reflect GPE's ongoing commitment to both capital allocation and balance sheet discipline, whilst also ensuring that GPE retains the significant financial flexibility created over recent years as it looks ahead to a continued period of market uncertainty.

[pillion] 07/4/2017 10:53

Chart break-out ?

[essentialinvestor] 06/4/2017 18:08

PE not something I look at on REITS, NAV, gearing and dividend more useful.

SKY or bt may be able to give a better answer.

[essentialinvestor] 29/3/2017 23:06

There may be a better longer term buying opportunity over the Summer,
however thought around 630 looked reasonably attractive.

[pillion] 29/3/2017 22:59

So did I mozy; just being Conservative

Not holding, just starting to look

According to the p/e ratio is only 3.94 and modest net debt of £775.7m

[mozy123] 29/3/2017 21:36

I make it around 32p.

[pillion] 29/3/2017 18:57

Will a special divi of 30p per share be about right ?

[essentialinvestor] 29/3/2017 11:38

Good news today, a fat fall in their borrowing rates
and continued good news on letting imv.

[essentialinvestor] 29/3/2017 09:44

P, added again yesterday fwiw.

Not difficult for a divi of this size to be well covered in fairness!!.

[pillion] 24/3/2017 17:20

Well covered dividend !

[essentialinvestor] 24/3/2017 13:11

Added some this AM.

[bscuit] 26/11/2016 23:38

No posts here for over a year. On Friday seemed to brush off sell recommendation.

[the juggler] 20/3/2015 13:14

I am a new holder here. This would be a good question for the AGM. Must see when that is!

[bscuit] 20/3/2015 12:37

I was thinking that myself this morning--down to 1% on MV, though fore me it's higher by reference to acquisition value. capital return good.