Cash flow Great Portland Estates Plc

Stocks

GPE

GB00BF5H9P87

Commercial REITs

Real-time Estimate Cboe Europe Other stock markets 12:25:19 12/06/2026 BST			5-day change	1st Jan Change
324.10 ^GBX	+4.35%		+6.53%	+1.48%

06-11	GPE says secures GBP8 million of fully managed lettings	AN
06-11	Great Portland Estates Secures GBP8 Million in New Lettings	MT

3533d3030efb3ccd8.EMnTQ3GSgncHsSq27YEzovw_9-Vn7DU8v5cOyDK5lyM.d5vnExzR6RV-nEjRueZDmp16tI8Jh1Nq7dpgjgbtomZ0s6UHGdeyREDZWQ

Published financial data: GREAT PORTLAND ESTATES PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Rental Revenues	84.2M	91.2M	95.4M	94.2M	118M
Property Management Fee	-	-	-	-	-
Other Revenues, Total	14.5M	9.8M	9.8M	7.3M	10.2M
Total Revenues	98.7M	101M	105M	102M	128M
Property Expenses	30.5M	32.3M	33.3M	35.1M	49.3M
Selling General & Admin Expenses, Total	35M	38.3M	40.3M	12.8M	15M
Depreciation & Amortization - (IS) - (Collected)	-	-	-	1.7M	800K
Provision for Bad Debts	4.1M	800K	100K	200K	100K
Other Operating Expenses	-	-	-	24.9M	28.4M
Total Operating Expenses	69.6M	71.4M	73.7M	74.7M	93.6M
Operating Income (REIT / Utility Template)	29.1M	29.6M	31.5M	26.8M	34.5M
Interest Expense, Total	-9.1M	-11.5M	-17.6M	-12.7M	-10.9M
Interest and Investment Income	7.4M	6M	6.1M	7.2M	6M
Net Interest Expenses	-1.7M	-5.5M	-11.5M	-5.5M	-4.9M
Other Non Operating Income (Expenses)	-	-	-1.8M	-800K	-
EBT, Excl. Unusual Items	27.4M	24.1M	18.2M	20.5M	29.6M
Restructuring Charges	-	-	-2M	-	-
Gain (Loss) on Sale of Investments	31.4M	-43.1M	-56.7M	14.1M	23.5M
Gain (Loss) on Sale of Assets	-	-3.3M	-1.6M	-300K	6.9M
Asset Writedown	108M	-142M	-266M	83.5M	92.5M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	167M	-164M	-308M	118M	152M
Income Tax Expense	-500K	-100K	-	1.8M	-2M
Earnings From Continuing Operations	167M	-164M	-308M	116M	154M
Net Income to Company	167M	-164M	-308M	116M	154M
Net Income - (IS)	167M	-164M	-308M	116M	154M
Net Income to Common Incl Extra Items	167M	-164M	-308M	116M	154M
Net Income to Common Excl. Extra Items	167M	-164M	-308M	116M	154M
Per Share Items
Net EPS - Basic	0.66	-0.65	-1.22	0.3	0.38
Basic EPS - Continuing Operations	0.66	-0.65	-1.22	0.3	0.38
Basic Weighted Average Shares Outstanding	253M	253M	253M	384M	403M
Net EPS - Diluted	0.66	-0.65	-1.22	0.3	0.38
Diluted EPS - Continuing Operations	0.66	-0.65	-1.22	0.3	0.38
Diluted Weighted Average Shares Outstanding	253M	253M	253M	385M	405M
Normalized Basic EPS	0.07	0.06	0.04	0.03	0.05
Normalized Diluted EPS	0.07	0.06	0.04	0.03	0.05
Dividend Per Share	0.13	0.13	0.13	0.08	0.08
Payout Ratio	19.56	-19.46	-10.62	27.41	20.19
Supplemental Items
EBITDA	29.9M	30.4M	32.3M	27.7M	35.3M
EBITA	29.1M	29.6M	31.5M	26.8M	34.5M
EBIT	29.1M	29.6M	31.5M	26.8M	34.5M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	-0.3	0.06	-	1.53	-1.31
Current Domestic Taxes	-	-	-	1.6M	-2M
Total Current Taxes	-	-	-	1.6M	-2M
Deferred Domestic Taxes	-500K	-100K	-	200K	-
Total Deferred Taxes	-500K	-100K	-	200K	-
Normalized Net Income	17.12M	15.06M	11.38M	12.81M	18.5M
Interest Capitalized	7.2M	8.8M	11.3M	26.5M	37.7M
Interest on Long-Term Debt	16.3M	20.3M	29M	39.6M	48.6M
Non-Cash Pension Expense	0	0	-300K	-700K	300K
Supplemental Operating Expense Items
General and Administrative Expenses	35M	38.3M	40.3M	12.8M	15M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	1.5M	300K	4M	4.2M	3.3M
Total Stock-Based Compensation	1.5M	300K	4M	4.2M	3.3M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Gross Property Plant And Equipment	12.4M	12.6M	12.7M	13.3M	-
Accumulated Depreciation	-7.4M	-9.1M	-10.7M	-12.4M	-
Net Property Plant And Equipment	5M	3.5M	2M	900K	300K
Total Real Estate Assets	5M	3.5M	2M	900K	300K
Cash And Equivalents	-	19.4M	22.9M	36.9M	22.7M
Accounts Receivable, Total	16.6M	11.4M	6.4M	3.7M	5.4M
Other Receivables	4M	-	18.3M	16.9M	29.5M
Investment In Debt and Equity Securities	1M	1.8M	2.8M	2.8M	3.6M
Other Current Assets, Total	500K	4.4M	18.4M	100K	1.1M
Trading Asset Securities, Total	-	-	-	-	-
Deferred Tax Assets Long-Term (Collected)	-	-	-	-	-
Other Long-Term Assets, Total	2.73B	2.47B	2.41B	2.97B	3.05B
Total Assets	2.76B	2.51B	2.48B	3.03B	3.12B
Liabilities
Current Portion of Long-Term Debt	200K	-	175M	-	-
Long-Term Debt	531M	458M	565M	848M	793M
Long-Term Leases	58.5M	68.7M	75.1M	87M	84.6M
Accounts Payable, Total	3.1M	3.7M	1.4M	4.2M	5.7M
Accrued Expenses, Total	19.2M	15.2M	23.3M	20.7M	22.1M
Current Income Taxes Payable	-	700K	300K	2.6M	-
Unearned Revenue, Current	16M	15.1M	16.4M	15.9M	16.8M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	16.9M	22.1M	35.1M	44.7M	63M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non-Current	-	-	-	-	-
Other Non Current Liabilities	-	3M	3M	5M	5M
Total Liabilities	645M	587M	895M	1.03B	991M
Common Stock, Total	38.7M	38.7M	38.7M	62M	62M
Additional Paid In Capital	46M	46M	46M	358M	358M
Retained Earnings	1.7B	1.5B	1.17B	1.25B	1.38B
Comprehensive Income and Other	330M	330M	332M	328M	326M
Total Common Equity	2.11B	1.92B	1.58B	2B	2.13B
Total Equity	2.11B	1.92B	1.58B	2B	2.13B
Total Liabilities And Equity	2.76B	2.51B	2.48B	3.03B	3.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	253M	253M	253M	403M	403M
ECS Total Common Shares Outstanding	253M	253M	253M	403M	403M
Book Value / Share	8.35	7.58	6.26	4.96	5.27
Tangible Book Value	2.11B	1.92B	1.58B	2B	2.13B
Tangible Book Value Per Share	8.35	7.58	6.26	4.96	5.27
Total Debt	590M	527M	816M	935M	878M
Net Debt	590M	508M	793M	898M	855M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-3.5M	-4.1M	-4.9M	-4.8M	-5M
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	583M	539M	491M	507M	538M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	-	-	-	-	-
Machinery, Total	1.9M	2.1M	2.2M	2.6M	-
Full Time Employees	131	139	134	152	164
Accumulated Allowance for Doubtful Accounts (Supple)	6M	1.7M	300K	100K	-

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	167M	-164M	-308M	116M	154M
Depreciation, Depletion & Amortization	1.6M	1.7M	1.6M	1.7M	800K
Total Depreciation, Depletion & Amortization	1.6M	1.7M	1.6M	1.7M	800K
Amortization of Deferred Charges, Total	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-31.4M	43.1M	56.7M	400K	-400K
Total Asset Writedown	-108M	145M	267M	-83.2M	-99.4M
(Income) Loss On Equity Investments - (CF)	-14.5M	-9.8M	-9.8M	-21.8M	-33.3M
Stock-Based Compensation (CF)	3.9M	1.3M	4M	4.2M	3.3M
Change in Accounts Receivable	-1.6M	5.3M	-8.6M	3.8M	-15.3M
Change In Inventories	-	-	-	-	-
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	3M	-6.1M	4.1M	6.2M	5M
Other Operating Activities	-13.6M	-18.3M	-15.1M	-31.3M	-46.3M
Cash from Operations	6.7M	-1.7M	-7.6M	-4M	-31.1M
Acquisition of Real Estate Assets, Total	-121M	-121M	-250M	-395M	-364M
Sale of Real Estate Assets, Total	-	217M	12.6M	-	460M
Net Sale / Acquisition of Real Estate Assets	-121M	96.8M	-238M	-395M	96.7M
Investment in Marketable and Equity Securities, Total	96.8M	15.8M	-900K	-800K	-400K
Other Investing Activities, Total	-	-	6.7M	11.6M	8.6M
Cash from Investing	-24.1M	113M	-232M	-385M	105M
Long-Term Debt Issued, Total	244M	314M	556M	796M	854M
Total Debt Issued	244M	314M	556M	796M	854M
Long-Term Debt Repaid, Total	-206M	-390M	-279M	-692M	-911M
Total Debt Repaid	-206M	-390M	-279M	-692M	-911M
Issuance of Common Stock	-	-	-	350M	-
Repurchase of Common Stock	-	-	-	-5.7M	-
Common Dividends Paid	-32.7M	-31.9M	-32.7M	-31.8M	-31.2M
Common & Preferred Stock Dividends Paid	-32.7M	-31.9M	-32.7M	-31.8M	-31.2M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	-	-2.1M	-14.7M	-
Cash from Financing	6.3M	-108M	243M	403M	-88M
Net Change in Cash	-11.1M	2.7M	3.5M	14M	-14.2M
Supplemental Items
Cash Interest Paid	13.9M	17.6M	22.3M	40.9M	48.4M
Cash Income Tax Paid (Refund)	-400K	-	-	300K	600K
Net Debt Issued / Repaid	39M	-76.3M	278M	104M	-56.8M
Levered Free Cash Flow	14.2M	3.31M	6.59M	48.11M	22.85M
Unlevered Free Cash Flow	19.89M	10.5M	17.59M	56.05M	29.66M
Change In Net Working Capital	1.1M	9.8M	7.6M	-34M	-4.2M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	0.68	0.7	0.79	0.61	0.7
Return on Total Capital	0.7	0.72	0.81	0.63	0.73
Return On Equity %	8.19	-8.13	-17.58	6.47	7.49
Return on Common Equity	8.19	-8.13	-17.58	6.47	7.49
Margin Analysis
Gross Profit Margin %	69.1	68.02	68.35	65.42	61.51
SG&A Margin	35.46	37.92	38.31	37.73	33.88
EBITDA Margin %	30.29	30.1	30.7	27.29	27.56
EBITA Margin %	29.48	29.31	29.94	26.4	26.93
EBIT Margin %	29.48	29.31	29.94	26.4	26.93
Income From Continuing Operations Margin %	169.4	-162.28	-292.59	114.29	120.61
Net Income Margin %	169.4	-162.28	-292.59	114.29	120.61
Net Avail. For Common Margin %	169.4	-162.28	-292.59	114.29	120.61
Normalized Net Income Margin	17.35	14.91	10.81	12.62	14.44
Levered Free Cash Flow Margin	14.39	3.28	6.26	47.4	17.84
Unlevered Free Cash Flow Margin	20.15	10.4	16.72	55.22	23.16
Asset Turnover
Asset Turnover	0.04	0.04	0.04	0.04	0.04
Fixed Assets Turnover	17.47	23.76	38.25	70	213.5
Receivables Turnover (Average Receivables)	4.77	6.51	14.68	18.65	25.91
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	0.38	0.62	0.26	0.65	0.55
Quick Ratio	0.37	0.54	0.19	0.65	0.54
Operating Cash Flow to Current Liabilities	0.12	-0.03	-0.03	-0.05	-0.29
Days Sales Outstanding (Average Receivables)	76.51	56.03	24.94	19.57	14.09
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	57.44	38.42	28.03	29.12	36.65
Long Term Solvency
Total Debt/Equity	27.91	27.48	51.52	46.73	41.28
Total Debt / Total Capital	21.82	21.56	34	31.85	29.22
LT Debt/Equity	27.9	27.48	40.46	46.73	41.28
Long-Term Debt / Total Capital	21.81	21.56	26.7	31.85	29.22
Total Liabilities / Total Assets	23.38	23.43	36.12	33.94	31.78
EBIT / Interest Expense	3.2	2.57	1.79	2.11	3.17
EBITDA / Interest Expense	3.37	2.72	1.88	2.24	3.24
(EBITDA - Capex) / Interest Expense	3.34	2.7	1.88	2.2	3.22
Total Debt / EBITDA	19.21	16.84	24.64	32.81	24.87
Net Debt / EBITDA	19.21	16.22	23.95	31.51	24.23
Total Debt / (EBITDA - Capex)	19.4	16.95	24.71	33.51	25.01
Net Debt / (EBITDA - Capex)	19.4	16.33	24.02	32.19	24.37
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.13	2.33	4.16	-3.52	26.21
Gross Profit, 1 Yr. Growth %	-3.81	0.73	4.66	-7.65	18.67
EBITDA, 1 Yr. Growth %	-24.5	-0.98	3.19	-10.93	23.86
EBITA, 1 Yr. Growth %	-23.42	1.72	6.42	-9.15	28.73
EBIT, 1 Yr. Growth %	-23.42	1.72	6.42	-9.15	28.73
Earnings From Cont. Operations, 1 Yr. Growth %	-182.81	-198.03	87.8	-137.69	33.19
Net Income, 1 Yr. Growth %	-182.81	-198.03	87.8	-137.69	33.19
Diluted EPS Before Extra, 1 Yr. Growth %	-182.68	-198.18	87.8	-124.74	26.58
Normalized Net Income, 1 Yr. Growth %	-28.27	-12.04	-24.48	26.54	44.39
Net Property, Plant and Equip., 1 Yr. Growth %	-20.64	-30	-42.86	-55	-66.67
Inventory, 1 Yr. Growth %	-	-	-	-	-
Accounts Receivable, 1 Yr. Growth %	-11.23	-31.33	-3.03	-42.19	45.95
Total Assets, 1 Yr. Growth %	7.73	-9.69	-1.1	22.23	2.92
Common Equity, 1 Yr. Growth %	7.17	-9.2	-17.49	26.39	6.3
Tangible Book Value, 1 Yr. Growth %	7.17	-9.2	-17.49	26.39	6.3
Cash From Operations, 1 Yr. Growth %	-59.64	-119.1	347.06	-47.37	677.5
Capital Expenditures, 1 Yr. Growth %	-25	-33.33	-50	500	-66.67
Levered Free Cash Flow, 1 Yr. Growth %	14.75	-89.28	52.75	801.41	-52.51
Unlevered Free Cash Flow, 1 Yr. Growth %	15.29	-71.3	52.93	243.08	-47.08
Dividend Per Share, 1 Yr. Growth %	0	0	0	-37.3	3.8
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6.87	2.73	3.24	0.25	10.35
Gross Profit, 2 Yr. CAGR %	-10.9	-1.56	2.68	-1.69	4.69
EBITDA, 2 Yr. CAGR %	-28.39	-12.38	2.57	-5.93	6.54
EBITA, 2 Yr. CAGR %	-28.42	-11.74	4.04	-4.85	8.14
EBIT, 2 Yr. CAGR %	-28.42	-11.74	4.04	-4.85	8.14
Earnings From Cont. Operations, 2 Yr. CAGR %	79.66	-9.9	35.68	-15.87	-29.15
Net Income, 2 Yr. CAGR %	79.66	-9.9	35.68	-15.87	-29.15
Diluted EPS Before Extra, 2 Yr. CAGR %	81.66	-9.9	35.79	-31.85	-44.04
Normalized Net Income, 2 Yr. CAGR %	-31.03	-20.57	-18.5	-7.77	35.17
Net Property, Plant and Equip., 2 Yr. CAGR %	-18.35	-25.46	-36.75	-49.29	-61.27
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 2 Yr. CAGR %	4.85	-21.92	-37.91	-25.13	-8.14
Total Assets, 2 Yr. CAGR %	0.08	-1.07	-5.49	9.95	12.16
Common Equity, 2 Yr. CAGR %	-2.07	-1.35	-13.44	2.12	15.91
Tangible Book Value, 2 Yr. CAGR %	-2.07	-1.35	-13.44	2.12	15.91
Cash From Operations, 2 Yr. CAGR %	-58.34	-68	-7.59	53.39	102.29
Capital Expenditures, 2 Yr. CAGR %	73.21	-29.29	-42.26	73.21	41.42
Levered Free Cash Flow, 2 Yr. CAGR %	-42.69	-48.26	-53.83	234.01	106.91
Unlevered Free Cash Flow, 2 Yr. CAGR %	-35.16	-21.98	-30.67	120.77	34.74
Dividend Per Share, 2 Yr. CAGR %	0	0	0	-20.82	-19.33
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.07	-3.9	3.21	0.94	8.25
Gross Profit, 3 Yr. CAGR %	-0.39	-7.18	0.47	-0.89	4.68
EBITDA, 3 Yr. CAGR %	-12.48	-19.51	-6.57	-3.37	4.09
EBITA, 3 Yr. CAGR %	-12.81	-19.53	-6.06	-2.71	5.24
EBIT, 3 Yr. CAGR %	-12.81	-19.53	-6.06	-2.71	5.24
Earnings From Cont. Operations, 3 Yr. CAGR %	50.04	46.81	15.09	-11.47	-1.95
Net Income, 3 Yr. CAGR %	50.04	46.81	15.09	-11.47	-1.95
Diluted EPS Before Extra, 3 Yr. CAGR %	56.79	47.97	15.09	-23.03	-16.23
Normalized Net Income, 3 Yr. CAGR %	-14.67	-25.21	-21.9	-9.22	7.09
Net Property, Plant and Equip., 3 Yr. CAGR %	7.72	-22.43	-31.78	-43.54	-55.91
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 3 Yr. CAGR %	17.24	-8.94	-30.05	-39.37	-6.47
Total Assets, 3 Yr. CAGR %	0.75	-3.09	-1.08	2.97	7.55
Common Equity, 3 Yr. CAGR %	-2.92	-4.5	-7.06	-1.8	3.49
Tangible Book Value, 3 Yr. CAGR %	-2.92	-4.5	-7.06	-1.8	3.49
Cash From Operations, 3 Yr. CAGR %	-37.16	-64.69	-22.93	-23.4	163.49
Capital Expenditures, 3 Yr. CAGR %	44.22	25.99	-37	25.99	0
Levered Free Cash Flow, 3 Yr. CAGR %	-62.6	-57.53	-18.96	15.9	74.34
Unlevered Free Cash Flow, 3 Yr. CAGR %	-57.9	-39.45	0.65	15.28	37.14
Dividend Per Share, 3 Yr. CAGR %	1.08	0	0	-14.41	-13.34
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.48	-23.33	0.02	-2.26	6.01
Gross Profit, 5 Yr. CAGR %	-2.92	-8.06	0.83	-5.02	2.14
EBITDA, 5 Yr. CAGR %	-12.97	-17.88	-6.25	-13.83	-2.27
EBITA, 5 Yr. CAGR %	-13.18	-18.13	-6.42	-13.95	-1.91
EBIT, 5 Yr. CAGR %	-13.18	-18.13	-6.42	-13.95	-1.91
Earnings From Cont. Operations, 5 Yr. CAGR %	3.7	18.45	44.12	17.5	-5.21
Net Income, 5 Yr. CAGR %	3.7	18.45	44.12	17.5	-5.21
Diluted EPS Before Extra, 5 Yr. CAGR %	5.79	28.84	48.03	8.52	-13.75
Normalized Net Income, 5 Yr. CAGR %	-22.45	-20.03	-16.22	-18.67	-4.97
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.4	-5.32	-12.94	-34.56	-45.61
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 5 Yr. CAGR %	-5.3	-0.69	-9.08	-24.52	-22
Total Assets, 5 Yr. CAGR %	-4.46	-4.29	-1.68	1.93	4.02
Common Equity, 5 Yr. CAGR %	-5.05	-4.11	-7.28	-1.91	1.53
Tangible Book Value, 5 Yr. CAGR %	-5.05	-4.11	-7.28	-1.91	1.53
Cash From Operations, 5 Yr. CAGR %	-35.12	-62.83	-22.4	-36.45	13.38
Capital Expenditures, 5 Yr. CAGR %	-42.8	-12.94	0	43.1	-12.94
Levered Free Cash Flow, 5 Yr. CAGR %	-47.35	-66.8	-52.47	2.16	13.05
Unlevered Free Cash Flow, 5 Yr. CAGR %	-43.49	-58.25	-41.94	3.45	11.45
Dividend Per Share, 5 Yr. CAGR %	0.43	2.2	0.65	-8.91	-8.23