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Workspace Group plc

WKP.L

Latest Trade

887.00GBp

Change

25.50(+2.96%)

Volume

299,501

Today's Range

862.50

 - 

892.50

52 Week Range

698.00

 - 

979.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
861.50
Open
868.00
Volume
299,501
3M AVG Volume
3.87
Today's High
892.50
Today's Low
862.50
52 Week High
979.00
52 Week Low
698.00
Shares Out (MIL)
181.12
Market Cap (MIL)
1,561.29
Forward P/E
33.16
Dividend (Yield %)
2.87

Next Event

Q3 2021 Workspace Group PLC Trading Statement Release

Latest Developments

More

Workspace Group H1 Pretax Profit 3.4 Mln Stg

Workspace Announces Acquisition Of Busworks

Workspace Group Qtrly LFL Occupancy Up 2.7% To 85.6%

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About Workspace Group plc

Workspace Group PLC is provider of flexible office space for various businesses. The Company owns four million sq. ft. of space across approximately 58 London properties. Its locations include Central London, North London, East London, South East London, South West London, West London, and City of London. The Company consists of various type of spaces, including offices, studios, light industrial, workshops, event space, space calculator, and short-term office space. The Company property portfolio consists of Archer Street Studios, Barley Mow Centre, Cannon Wharf, Cargo Works, Clerkenwell Workshops, Mare Street Studios, Morie Street, Parkhall Business Centre, Peer House, ScreenWorks, Vox Studios, Westbourne Studios, 60 Gray's Inn Road, Highway Business Park, Leroy House, and The Shaftesbury Centre. Its subsidiaries include Workspace 12 Limited, Workspace 13 Limited, Workspace 14 Limited, and Workspace Management Limited, which is engaged in property investment.

Industry

Real Estate Operations

Contact Info

Kennington Park, Business Centre

SW9 6DE

United Kingdom

+44.20.39304700

https://www.workspace.co.uk/

Executive Leadership

Stephen Hubbard

Non-Executive Independent Chairman of the Board

Graham Clemett

Chief Executive Officer, Executive Director

Dave Benson

Chief Financial Officer, Executive Director

Will Abbott

Chief Customer Officer

Angus Boag

Development Director

Key Stats

2.50 mean rating - 12 analysts
Sell
Hold
Buy
Revenue (MM, GBP)

2019

0.1K

2020

0.2K

2021

0.1K

2022(E)

0.1K
EPS (GBp)

2019

40.600

2020

44.600

2021

21.400

2022(E)

26.197
Price To Earnings (TTM)
--
Price To Sales (TTM)
12.20
Price To Book (MRQ)
0.92
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
36.85
LT Debt To Equity (MRQ)
36.85
Return on Investment (TTM)
-5.11
Return on Equity (TTM)
-4.91

Latest News

Latest News

Workspace says customer demand robust despite Omicron impact

London-focused office-space provider Workspace Group said on Thursday customer demand has remained strong despite sector-wide concerns about the impact from the recent surge in coronavirus cases in the UK.

REFILE-Workspace posts half-year profit as clients return to offices

London-focussed office-space provider Workspace Group Plc on Wednesday reported a small half-year profit as more people returned to the city thanks to the rapid pace of COVID-19 vaccinations amid a fall in coronavirus cases.

UK's Workspace sees some signs of recovery in demand in London

UK office space provider Workspace said on Thursday its occupancy in London had started to pick up from pandemic lows, although rents were still under pressure as businesses were in no rush bring all their employees back.

CORRECTED-Workspace expects rise in office occupancy as virus curbs ease

British office-space provider Workspace Group Plc said on Thursday it is seeing strong signs of businesses in London returning to work with easing of pandemic-related restrictions, even as some near-term uncertainties would remain.

UPDATE 2-UK's Workspace posts loss, sees 2-year recovery from pandemic

* Co's survey shows strong customer demand (Adds CEO, CFO comments, share price)

UK's Workspace posts first annual loss in 12 years on pandemic hit

Office-space provider Workspace Group Plc slipped into its first annual loss in 12 years on Thursday, as a shift to remote working and rising preference for hybrid working model due to the pandemic battered the valuation of its properties and rental income.

BRIEF-Workspace Group Says Customer Inquiries In June Improved From April

* WORKSPACE - CUSTOMER DEMAND IMPROVED THROUGH QUARTER WITH ENQUIRIES IN JUNE AT 765, UP FROM 272 IN APRIL

UPDATE 1-Britain's Workspace posts lower annual profit, sees subdued market ahead

Office-space provider Workspace Group Plc said on Friday its annual profit nearly halved due to a small dip in property valuations after a steep jump a year ago, while also predicting more trouble ahead after a sharp fall in new business enquiries since March.

Britain's Workspace reports fall in annual profit, sees subdued market ahead

Office-space provider Workspace Group Plc said on Friday its full-year profit nearly halved and it expected more trouble in the months ahead due to a drop in new business since March-end.

UPDATE 1-Workspace says only 50% of customers paid March rents, many seeking relief

Only half of Workspace Group Plc's customers paid their rents at the end of March and a large number of them have sought relief, the company said on Tuesday, while underlining it has significant capital to ride out the coronavirus lockdowns.

Workspace sees slowdown in lettings activity in March due to COVID-19

Workspace Group Plc on Tuesday flagged slowdown in lettings activity due to COVID-19 related lockdowns in March as the office space provider received several requests for rent relief for the duration of the restriction.

BRIEF-Workspace Group Says About 50% Of Rents Due At March-End Received To Date

* TRADING PROFIT FOR YEAR TO 31 MARCH 2020 EXPECTED TO BE IN LINE WITH MARKET EXPECTATIONS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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