Cash flow Great Portland Estates Plc

Equities

GPOR

GB00BF5H9P87

Commercial REITs

Market Closed - London S.E. Other stock markets 16:35:07 18/02/2026 GMT			5-day change	1st Jan Change
336.00 ^GBX	0.00%		-3.59%	+5.49%

02-12	Great Portland pre-lets part of Delft to AI firm Quantexa	AN
02-12	Great Portland Estates plc Announces the Pre-Let of 52,293 Sq Ft at the Delft, SE1 to Quantexa	CI

0ebd17e014bd7e9bb96e8dbfdfaa083.PqY9kf9PpI9sCm8H1AHhcfNzUHj8Rs_yaUPaAKfpReA.f8tI3YY-5bcofl9N-WeRHaEyHgiFKr63KHq9esqBDasMwnD1k3zswyByAA

Published financial data: GREAT PORTLAND ESTATES PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Rental Revenues	88.5M	84.2M	91.2M	95.4M	94.2M
Property Management Fee	-	-	-	-	-
Other Revenues, Total	7.2M	14.5M	9.8M	9.8M	7.3M
Total Revenues	95.7M	98.7M	101M	105M	102M
Property Expenses	24.8M	30.5M	32.3M	33.3M	35.1M
Selling General & Admin Expenses, Total	25.2M	35M	38.3M	40.3M	12.8M
Depreciation & Amortization - (IS) - (Collected)	-	-	-	-	1.7M
Provision for Bad Debts	7.7M	4.1M	800K	100K	200K
Other Operating Expenses	-	-	-	-	24.9M
Total Operating Expenses	57.7M	69.6M	71.4M	73.7M	74.7M
Operating Income (REIT / Utility Template)	38M	29.1M	29.6M	31.5M	26.8M
Interest Expense, Total	-7.8M	-9.1M	-11.5M	-17.6M	-12.7M
Interest and Investment Income	8M	7.4M	6M	6.1M	7.2M
Net Interest Expenses	200K	-1.7M	-5.5M	-11.5M	-5.5M
Other Non Operating Income (Expenses)	-	-	-	-1.8M	-800K
EBT, Excl. Unusual Items	38.2M	27.4M	24.1M	18.2M	20.5M
Restructuring Charges	-	-	-	-2M	-
Gain (Loss) on Sale of Investments	-83.4M	31.4M	-43.1M	-56.7M	14.1M
Gain (Loss) on Sale of Assets	600K	-	-3.3M	-1.6M	-300K
Asset Writedown	-157M	108M	-142M	-266M	83.5M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-202M	167M	-164M	-308M	118M
Income Tax Expense	-100K	-500K	-100K	-	1.8M
Earnings From Continuing Operations	-202M	167M	-164M	-308M	116M
Net Income to Company	-202M	167M	-164M	-308M	116M
Net Income - (IS)	-202M	167M	-164M	-308M	116M
Net Income to Common Incl Extra Items	-202M	167M	-164M	-308M	116M
Net Income to Common Excl. Extra Items	-202M	167M	-164M	-308M	116M
Per Share Items
Net EPS - Basic	-0.8	0.66	-0.65	-1.22	0.3
Basic EPS - Continuing Operations	-0.8	0.66	-0.65	-1.22	0.3
Basic Weighted Average Shares Outstanding	253M	253M	253M	253M	384M
Net EPS - Diluted	-0.8	0.66	-0.65	-1.22	0.3
Diluted EPS - Continuing Operations	-0.8	0.66	-0.65	-1.22	0.3
Diluted Weighted Average Shares Outstanding	253M	253M	253M	253M	385M
Normalized Basic EPS	0.09	0.07	0.06	0.04	0.03
Normalized Diluted EPS	0.09	0.07	0.06	0.04	0.03
Dividend Per Share	0.13	0.13	0.13	0.13	0.08
Payout Ratio	-15.7	19.56	-19.46	-10.62	27.41
Supplemental Items
EBITDA	38.8M	29.9M	30.4M	32.3M	27.7M
EBITA	38M	29.1M	29.6M	31.5M	26.8M
EBIT	38M	29.1M	29.6M	31.5M	26.8M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	0.05	-0.3	0.06	-	1.53
Current Domestic Taxes	-	-	-	-	1.6M
Total Current Taxes	-	-	-	-	1.6M
Deferred Domestic Taxes	-100K	-500K	-100K	-	200K
Total Deferred Taxes	-100K	-500K	-100K	-	200K
Normalized Net Income	23.88M	17.12M	15.06M	11.38M	12.81M
Interest Capitalized	6.3M	7.2M	8.8M	11.3M	26.5M
Interest on Long-Term Debt	14.1M	16.3M	20.3M	29M	39.6M
Non-Cash Pension Expense	0	0	0	-300K	-700K
Supplemental Operating Expense Items
General and Administrative Expenses	25.2M	35M	38.3M	40.3M	12.8M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	500K	1.5M	300K	4M	4.2M
Total Stock-Based Compensation	500K	1.5M	300K	4M	4.2M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	12.1M	12.4M	12.6M	12.7M	13.3M
Accumulated Depreciation	-5.8M	-7.4M	-9.1M	-10.7M	-12.4M
Net Property Plant And Equipment	6.3M	5M	3.5M	2M	900K
Total Real Estate Assets	6.3M	5M	3.5M	2M	900K
Cash And Equivalents	11.1M	-	19.4M	22.9M	36.9M
Accounts Receivable, Total	18.7M	16.6M	11.4M	6.4M	3.7M
Other Receivables	400K	4M	-	18.3M	16.9M
Investment In Debt and Equity Securities	1M	1M	1.8M	2.8M	2.8M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	800K	500K	4.4M	18.4M	100K
Trading Asset Securities, Total	-	-	-	-	-
Deferred Tax Assets Long-Term (Collected)	-	-	-	-	-
Other Long-Term Assets, Total	2.52B	2.73B	2.47B	2.41B	2.97B
Total Assets	2.56B	2.76B	2.51B	2.48B	3.03B
Liabilities
Current Portion of Long-Term Debt	-	200K	-	175M	-
Long-Term Debt	489M	531M	458M	565M	848M
Long-Term Leases	44.6M	58.5M	68.7M	75.1M	87M
Accounts Payable, Total	6.5M	3.1M	3.7M	1.4M	4.2M
Accrued Expenses, Total	14.7M	19.2M	15.2M	23.3M	20.7M
Current Income Taxes Payable	-	-	700K	300K	2.6M
Unearned Revenue, Current	15.1M	16M	15.1M	16.4M	15.9M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	18.8M	16.9M	22.1M	35.1M	44.7M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non-Current	-	-	-	-	-
Other Non Current Liabilities	-	-	3M	3M	5M
Total Liabilities	588M	645M	587M	895M	1.03B
Common Stock, Total	38.7M	38.7M	38.7M	38.7M	62M
Additional Paid In Capital	46M	46M	46M	46M	358M
Retained Earnings	1.56B	1.7B	1.5B	1.17B	1.25B
Comprehensive Income and Other	327M	330M	330M	332M	328M
Total Common Equity	1.97B	2.11B	1.92B	1.58B	2B
Total Equity	1.97B	2.11B	1.92B	1.58B	2B
Total Liabilities And Equity	2.56B	2.76B	2.51B	2.48B	3.03B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	253M	253M	253M	253M	403M
ECS Total Common Shares Outstanding	253M	253M	253M	253M	403M
Book Value / Share	7.79	8.35	7.58	6.26	4.96
Tangible Book Value	1.97B	2.11B	1.92B	1.58B	2B
Tangible Book Value Per Share	7.79	8.35	7.58	6.26	4.96
Total Debt	533M	590M	527M	816M	935M
Net Debt	522M	590M	508M	793M	898M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-700K	-3.5M	-4.1M	-4.9M	-4.8M
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	626M	583M	539M	491M	507M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	-	-	-	-	-
Machinery, Total	1.6M	1.9M	2.1M	2.2M	2.6M
Full Time Employees	116	131	139	134	152
Accumulated Allowance for Doubtful Accounts (Supple)	7.9M	6M	1.7M	300K	100K

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-202M	167M	-164M	-308M	116M
Depreciation, Depletion & Amortization	1.6M	1.6M	1.7M	1.6M	1.7M
Total Depreciation, Depletion & Amortization	1.6M	1.6M	1.7M	1.6M	1.7M
Amortization of Deferred Charges, Total	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-600K	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	83.4M	-31.4M	43.1M	56.7M	400K
Total Asset Writedown	157M	-108M	145M	267M	-83.2M
(Income) Loss On Equity Investments - (CF)	-7.2M	-14.5M	-9.8M	-9.8M	-21.8M
Stock-Based Compensation (CF)	1.5M	3.9M	1.3M	4M	4.2M
Change in Accounts Receivable	-3.4M	-1.6M	5.3M	-8.6M	3.8M
Change In Inventories	-	-	-	-	-
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	-6.3M	3M	-6.1M	4.1M	6.2M
Other Operating Activities	-7.9M	-13.6M	-18.3M	-15.1M	-31.3M
Cash from Operations	16.6M	6.7M	-1.7M	-7.6M	-4M
Acquisition of Real Estate Assets, Total	-61.4M	-121M	-121M	-250M	-395M
Sale of Real Estate Assets, Total	-	-	217M	12.6M	-
Net Sale / Acquisition of Real Estate Assets	-61.4M	-121M	96.8M	-238M	-395M
Investment in Marketable and Equity Securities, Total	-48.6M	96.8M	15.8M	-900K	-800K
Other Investing Activities, Total	-	-	-	6.7M	11.6M
Cash from Investing	-110M	-24.1M	113M	-232M	-385M
Long-Term Debt Issued, Total	149M	244M	314M	556M	796M
Total Debt Issued	149M	244M	314M	556M	796M
Long-Term Debt Repaid, Total	-108M	-206M	-390M	-279M	-692M
Total Debt Repaid	-108M	-206M	-390M	-279M	-692M
Issuance of Common Stock	-	-	-	-	350M
Repurchase of Common Stock	-	-	-	-	-5.7M
Common Dividends Paid	-31.7M	-32.7M	-31.9M	-32.7M	-31.8M
Common & Preferred Stock Dividends Paid	-31.7M	-32.7M	-31.9M	-32.7M	-31.8M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	-	-	-2.1M	-14.7M
Cash from Financing	9.6M	6.3M	-108M	243M	403M
Net Change in Cash	-83.8M	-11.1M	2.7M	3.5M	14M
Supplemental Items
Cash Interest Paid	10.3M	13.9M	17.6M	22.3M	40.9M
Cash Income Tax Paid (Refund)	-100K	-400K	-	-	300K
Net Debt Issued / Repaid	41.3M	39M	-76.3M	278M	104M
Levered Free Cash Flow	12.38M	14.2M	3.31M	6.59M	48.11M
Unlevered Free Cash Flow	17.25M	19.89M	10.5M	17.59M	56.05M
Change In Net Working Capital	8.2M	1.1M	9.8M	7.6M	-34M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.89	0.68	0.7	0.79	0.61
Return on Total Capital	0.91	0.7	0.72	0.81	0.63
Return On Equity %	-9.67	8.19	-8.13	-17.58	6.47
Return on Common Equity	-9.67	8.19	-8.13	-17.58	6.47
Margin Analysis
Gross Profit Margin %	74.09	69.1	68.02	68.35	65.42
SG&A Margin	26.33	35.46	37.92	38.31	37.73
EBITDA Margin %	40.54	30.29	30.1	30.7	27.29
EBITA Margin %	39.71	29.48	29.31	29.94	26.4
EBIT Margin %	39.71	29.48	29.31	29.94	26.4
Income From Continuing Operations Margin %	-210.97	169.4	-162.28	-292.59	114.29
Net Income Margin %	-210.97	169.4	-162.28	-292.59	114.29
Net Avail. For Common Margin %	-210.97	169.4	-162.28	-292.59	114.29
Normalized Net Income Margin	24.95	17.35	14.91	10.81	12.62
Levered Free Cash Flow Margin	12.93	14.39	3.28	6.26	47.4
Unlevered Free Cash Flow Margin	18.02	20.15	10.4	16.72	55.22
Asset Turnover
Asset Turnover	0.04	0.04	0.04	0.04	0.04
Fixed Assets Turnover	13.87	17.47	23.76	38.25	70
Receivables Turnover (Average Receivables)	5.24	4.77	6.51	14.68	18.65
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	0.56	0.38	0.62	0.26	0.65
Quick Ratio	0.55	0.37	0.54	0.19	0.65
Operating Cash Flow to Current Liabilities	0.3	0.12	-0.03	-0.03	-0.05
Days Sales Outstanding (Average Receivables)	69.7	76.51	56.03	24.94	19.57
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	144.97	57.44	38.42	28.03	29.12
Long Term Solvency
Total Debt/Equity	27.04	27.91	27.48	51.52	46.73
Total Debt / Total Capital	21.29	21.82	21.56	34	31.85
LT Debt/Equity	27.04	27.9	27.48	40.46	46.73
Long-Term Debt / Total Capital	21.29	21.81	21.56	26.7	31.85
Total Liabilities / Total Assets	22.98	23.38	23.43	36.12	33.94
EBIT / Interest Expense	4.87	3.2	2.57	1.79	2.11
EBITDA / Interest Expense	5.08	3.37	2.72	1.88	2.24
(EBITDA - Capex) / Interest Expense	5.03	3.34	2.7	1.88	2.2
Total Debt / EBITDA	13.46	19.21	16.84	24.64	32.81
Net Debt / EBITDA	13.18	19.21	16.22	23.95	31.51
Total Debt / (EBITDA - Capex)	13.6	19.4	16.95	24.71	33.51
Net Debt / (EBITDA - Capex)	13.32	19.4	16.33	24.02	32.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-15.91	3.13	2.33	4.16	-3.52
Gross Profit, 1 Yr. Growth %	-17.46	-3.81	0.73	4.66	-7.65
EBITDA, 1 Yr. Growth %	-33.45	-24.5	-0.98	3.19	-10.93
EBITA, 1 Yr. Growth %	-33.1	-23.42	1.72	6.42	-9.15
EBIT, 1 Yr. Growth %	-33.1	-23.42	1.72	6.42	-9.15
Earnings From Cont. Operations, 1 Yr. Growth %	-489.77	-182.81	-198.03	87.8	-137.69
Net Income, 1 Yr. Growth %	-489.77	-182.81	-198.03	87.8	-137.69
Diluted EPS Before Extra, 1 Yr. Growth %	-499.12	-182.68	-198.18	87.8	-124.74
Normalized Net Income, 1 Yr. Growth %	-33.68	-28.27	-12.04	-24.48	26.54
Net Property, Plant and Equip., 1 Yr. Growth %	-16	-20.64	-30	-42.86	-55
Inventory, 1 Yr. Growth %	-	-	-	-	-
Accounts Receivable, 1 Yr. Growth %	23.84	-11.23	-31.33	-3.03	-42.19
Total Assets, 1 Yr. Growth %	-7.02	7.73	-9.69	-1.1	22.23
Common Equity, 1 Yr. Growth %	-10.51	7.17	-9.2	-17.49	26.39
Tangible Book Value, 1 Yr. Growth %	-10.51	7.17	-9.2	-17.49	26.39
Cash From Operations, 1 Yr. Growth %	-56.99	-59.64	-119.1	347.06	-47.37
Capital Expenditures, 1 Yr. Growth %	300	-25	-33.33	-50	500
Levered Free Cash Flow, 1 Yr. Growth %	-71.38	14.75	-89.28	52.75	801.41
Unlevered Free Cash Flow, 1 Yr. Growth %	-63.53	15.29	-71.3	52.93	243.08
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	-37.3
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.58	-6.87	2.73	3.24	0.25
Gross Profit, 2 Yr. CAGR %	1.37	-10.9	-1.56	2.68	-1.69
EBITDA, 2 Yr. CAGR %	-6.73	-28.39	-12.38	2.57	-5.93
EBITA, 2 Yr. CAGR %	-6.96	-28.42	-11.74	4.04	-4.85
EBIT, 2 Yr. CAGR %	-6.96	-28.42	-11.74	4.04	-4.85
Earnings From Cont. Operations, 2 Yr. CAGR %	101.96	79.66	-9.9	35.68	-15.87
Net Income, 2 Yr. CAGR %	101.96	79.66	-9.9	35.68	-15.87
Diluted EPS Before Extra, 2 Yr. CAGR %	115.91	81.66	-9.9	35.79	-31.85
Normalized Net Income, 2 Yr. CAGR %	-6.93	-31.03	-20.57	-18.5	-7.77
Net Property, Plant and Equip., 2 Yr. CAGR %	25.5	-18.35	-25.46	-36.75	-49.29
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 2 Yr. CAGR %	34.74	4.85	-21.92	-37.91	-25.13
Total Assets, 2 Yr. CAGR %	-2.57	0.08	-1.07	-5.49	9.95
Common Equity, 2 Yr. CAGR %	-7.61	-2.07	-1.35	-13.44	2.12
Tangible Book Value, 2 Yr. CAGR %	-7.61	-2.07	-1.35	-13.44	2.12
Cash From Operations, 2 Yr. CAGR %	-21.59	-58.34	-68	-7.59	53.39
Capital Expenditures, 2 Yr. CAGR %	100	73.21	-29.29	-42.26	73.21
Levered Free Cash Flow, 2 Yr. CAGR %	-78.65	-42.69	-48.26	-53.83	234.01
Unlevered Free Cash Flow, 2 Yr. CAGR %	-74.56	-35.16	-21.98	-30.67	120.77
Dividend Per Share, 2 Yr. CAGR %	1.63	0	0	0	-20.82
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-36.92	-2.07	-3.9	3.21	0.94
Gross Profit, 3 Yr. CAGR %	-12.16	-0.39	-7.18	0.47	-0.89
EBITDA, 3 Yr. CAGR %	-21.88	-12.48	-19.51	-6.57	-3.37
EBITA, 3 Yr. CAGR %	-22.14	-12.81	-19.53	-6.06	-2.71
EBIT, 3 Yr. CAGR %	-22.14	-12.81	-19.53	-6.06	-2.71
Earnings From Cont. Operations, 3 Yr. CAGR %	42.14	50.04	46.81	15.09	-11.47
Net Income, 3 Yr. CAGR %	42.14	50.04	46.81	15.09	-11.47
Diluted EPS Before Extra, 3 Yr. CAGR %	63.53	56.79	47.97	15.09	-23.03
Normalized Net Income, 3 Yr. CAGR %	-19.67	-14.67	-25.21	-21.9	-9.22
Net Property, Plant and Equip., 3 Yr. CAGR %	11.05	7.72	-22.43	-31.78	-43.54
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 3 Yr. CAGR %	16.59	17.24	-8.94	-30.05	-39.37
Total Assets, 3 Yr. CAGR %	-6.38	0.75	-3.09	-1.08	2.97
Common Equity, 3 Yr. CAGR %	-5.91	-2.92	-4.5	-7.06	-1.8
Tangible Book Value, 3 Yr. CAGR %	-5.91	-2.92	-4.5	-7.06	-1.8
Cash From Operations, 3 Yr. CAGR %	-58.93	-37.16	-64.69	-22.93	-23.4
Capital Expenditures, 3 Yr. CAGR %	0	44.22	25.99	-37	25.99
Levered Free Cash Flow, 3 Yr. CAGR %	-75.29	-62.6	-57.53	-18.96	15.9
Unlevered Free Cash Flow, 3 Yr. CAGR %	-72.48	-57.9	-39.45	0.65	15.28
Dividend Per Share, 3 Yr. CAGR %	3.7	1.08	0	0	-14.41
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-4.42	-2.48	-23.33	0.02	-2.26
Gross Profit, 5 Yr. CAGR %	-1.79	-2.92	-8.06	0.83	-5.02
EBITDA, 5 Yr. CAGR %	-6.19	-12.97	-17.88	-6.25	-13.83
EBITA, 5 Yr. CAGR %	-6.51	-13.18	-18.13	-6.42	-13.95
EBIT, 5 Yr. CAGR %	-6.51	-13.18	-18.13	-6.42	-13.95
Earnings From Cont. Operations, 5 Yr. CAGR %	-18.35	3.7	18.45	44.12	17.5
Net Income, 5 Yr. CAGR %	-18.35	3.7	18.45	44.12	17.5
Diluted EPS Before Extra, 5 Yr. CAGR %	-16.59	5.79	28.84	48.03	8.52
Normalized Net Income, 5 Yr. CAGR %	-7.17	-22.45	-20.03	-16.22	-18.67
Net Property, Plant and Equip., 5 Yr. CAGR %	41.77	-0.4	-5.32	-12.94	-34.56
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 5 Yr. CAGR %	10.21	-5.3	-0.69	-9.08	-24.52
Total Assets, 5 Yr. CAGR %	-7.11	-4.46	-4.29	-1.68	1.93
Common Equity, 5 Yr. CAGR %	-7.5	-5.05	-4.11	-7.28	-1.91
Tangible Book Value, 5 Yr. CAGR %	-7.5	-5.05	-4.11	-7.28	-1.91
Cash From Operations, 5 Yr. CAGR %	1.78	-35.12	-62.83	-22.4	-36.45
Capital Expenditures, 5 Yr. CAGR %	-18.32	-42.8	-12.94	0	43.1
Levered Free Cash Flow, 5 Yr. CAGR %	-11.43	-47.35	-66.8	-52.47	2.16
Unlevered Free Cash Flow, 5 Yr. CAGR %	-11.6	-43.49	-58.25	-41.94	3.45
Dividend Per Share, 5 Yr. CAGR %	2.33	0.43	2.2	0.65	-8.91