New value analysis of Great Portland Estates Plc (GPOR:LSE) 2021

Published by Jonathan Taylor at 24th January 2021

Great Portland Estates Plc Screenshot 2021-01-24 at 10.43.40

New value analysis of Great Portland Estates Plc (GPOR:LSE) 2021

A new value analysis of Great Portland Estates Plc (GPOR:LSE), a company listed on the London Stock Exchange has been added to our research pages here. GPOR is a UK-based Real Estate Investment Trust. GPOR buys, develops, manages and sells office, retail and leisure space exclusively focussed on central London..

This website has previously analysed other UK-based REITs;, British Land Plc and Land Securities Plc. The most recent REIT analysis prior to this once can be found here. The reason for looking at UK REITs is that they are very cheap. UK REITs have spent the last few years writing down the value of their properties in preparation for Brexit. In the last 12 months REITs have done further write downs relating to COVID problems. The share prices of UK REITs are now trading below asset values that have been written down multiple times in the last 3-4 years. UK REITs are cheap against low valuations.

The share price decline of GPOR has been greater than the decline in asset values as you can see in the chart below.

You can see the price decline in the chart below or here.

If you want to know exactly how much faster and further the share price has declined in comparison to the decline in assets and income, you cn get this information in the full analysis report

A REIT (Real Estate Investment Trust) in UK pays no corporation tax as long as the company pays out 90% of property income as a dividend to shareholders. This makes the REIT form an excellent way for investors to access property income streams with tax advantages. The REIT structure also means that management are incentivised to pay out 90% of income to shareholders. UK investors who own shares in a UK REIT in an ISA end hop with the full amount of rental income, without corporation tax and without any personal income tax.

IF you are a value investor looking for researched data to assess the value of Great Portland Estates Plc common stock at the current price download the individual report here

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