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Home CompaniesWorkspace Group PLC

Workspace Group PLC

Real Estate REIT - Office
PortfolioPortfolio WatchlistWatchlist
Company price
341.6 GBX 5.60 ( 1.67%)
Last update at 2026-10-27T16:35:00Z
VOLUME
96959
Market Cap
715.70M

Momentum Score

…

Workspace Group Plc is London's leading owner and operator of flexible workspace, currently managing 4.3 million sq. ft. of sustainable space at 65 locations in London and the Southeast. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realize their potential. We have a unique combination of a highly effective and scalable operating platform, a portfolio of distinctive properties, and an ownership model that allows us to offer true flexibility. We provide customers with blank canvas space to create a home for their business, alongside leases that give them the freedom to easily scale up and down within our well-connected, extensive portfolio. We are inherently sustainable - we invest across the capital, breathing new life into old buildings and creating hubs of economic activity that help flatten London's working map. We work closely with our local communities to ensure we make a positive and lasting environmental and social impact, creating value over the long term. Workspace was established in 1987, has been listed on the London Stock Exchange since 1993, is a FTSE 250 listed Real Estate Investment Trust (REIT) and a member of the European Public Real Estate Association. Workspace is a registered trademark of Workspace Group PLC, London, UK.

Source: TradingView
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Day Price Range
332.40
Low
344.40
High
52 Week Price Range
331.00
Low
434.38
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
336.00
Dividend Yield
7.52%
Revenue TTM
182.90M
Revenue Per Share
0.95
Gross Profit TTM
120.30M
Debt / Equity
0.58
ROE
-5.20%
Net Debt
850.70M
ROCE
1.58%
Diluted EPS TTM
-0.39

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Type yearly yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Income before tax 5.40M -192.80M -37.50M 124.00M -235.70M
Net income 5.40M -192.50M -37.80M 123.90M -235.70M
Selling general administrative 6.90M 25.30M 6.70M 7.00M 5.20M
Gross profit 122.10M 126.20M 116.60M 86.70M 81.50M
Reconciled depreciation 2.30M 2.30M 2.30M 2.70M 2.90M
Ebit 36.20M -159.40M 0.80M 143.40M -205.00M
Ebitda 38.50M -157.10M 3.10M 146.10M -202.10M
Depreciation and amortization 2.30M 2.30M 2.30M 2.70M 2.90M
Operating income 37.40M -157.90M -2.50M 144.50M -195.50M
Other operating expenses 147.80M 342.20M 79.10M 65.50M 79.80M
Interest expense 30.80M 33.40M 32.60M 19.40M 22.90M
Tax provision 0.00M 0.30M 0.30M 0.10M 0.00M
Interest income 0.60M 0.20M 0.20M - 23.80M
Net interest income -32.00M -34.90M -34.40M -20.50M -23.80M
Income tax expense - -0.30M 0.30M 0.10M -267.50M
Total revenue 185.20M 184.30M 174.20M 132.90M 142.30M
Total operating expenses 84.70M 284.10M 21.50M 19.30M 19.00M
Cost of revenue 63.10M 58.10M 57.60M 46.20M 60.80M
Total other income expense net -32.00M -34.90M -132.60M 56.60M -298.20M
Net income from continuing ops 5.40M -193.10M -37.80M 123.90M -235.70M
Net income applicable to common shares - - - 123.90M -235.70M
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Type yearly yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Total assets 2470.50M 2531.40M 2839.10M 2511.90M 2593.60M
Intangible assets 1.10M 2.20M 2.00M 1.90M 2.40M
Other current assets 55.70M 83.70M 96.10M 96.10M 36.70M
Total liab 968.30M 982.50M 1051.40M 712.30M 874.10M
Total stockholder equity 1502.20M 1548.90M 1787.70M 1799.60M 1719.50M
Other current liab 82.30M 80.80M 142.20M 72.60M 241.20M
Common stock 191.90M 191.90M 191.60M 181.10M 181.10M
Capital stock 191.90M 191.90M 191.60M 181.10M 181.10M
Retained earnings 943.60M 977.30M 1219.50M 1300.30M 1219.40M
Other assets - 2531.40M - 0.30M 9.10M
Cash 25.30M 11.60M 12.00M 42.30M 183.60M
Total current liabilities 172.20M 93.00M 157.60M 85.80M 251.60M
Current deferred revenue - 12.10M -49.80M - -156.60M
Net debt 850.70M 877.90M 931.60M 584.20M 595.50M
Short term debt 79.90M 85.60M 49.80M 156.60M 156.60M
Short long term debt 79.90M 0.00M 49.80M 0.00M 156.60M
Short long term debt total 876.00M 889.50M 943.60M 626.50M 779.10M
Other stockholder equity 366.70M 379.70M -1411.10M -1481.40M -1400.50M
Property plant equipment - - - 2369.60M 2353.90M
Total current assets 110.70M 114.00M 187.30M 138.40M 220.30M
Net tangible assets - - - 1797.70M 1717.10M
Short term investments - 0.20M - - -
Net receivables 29.70M 35.60M 12.30M 7.30M 16.50M
Long term debt 761.40M 854.80M 859.10M 595.50M 596.20M
Accounts payable 6.80M 7.40M 15.40M 13.20M 10.40M
Accumulated other comprehensive income - 93.00M - - -6.60M
Common stock total equity - - - - 181.10M
Treasury stock - - - - -9.60M
Non currrent assets other 2355.00M 2408.70M -2651.80M 2366.70M 2358.60M
Non current assets total 2359.80M 2417.40M 2651.80M 2373.50M 2373.30M
Capital lease obligations 34.70M 34.70M 34.70M 31.00M 26.30M
Breakdown 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Type yearly yearly yearly yearly yearly
Date 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31
Investments 16.50M 45.90M -200.20M 6.80M -14.90M
Change to liabilities - - 0.00M 7.40M -1.10M
Total cashflows from investing activities 16.50M 45.90M - 9.20M -14.90M
Net borrowings -14.00M -55.00M - -148.50M 136.50M
Total cash from financing activities -72.00M -106.70M 90.90M -209.10M 88.30M
Net income 5.40M -192.50M -37.50M 124.00M -235.70M
Change in cash 21.10M -6.90M -30.50M -142.00M 111.80M
Begin period cash flow 11.60M 18.50M 49.00M 191.00M 79.20M
End period cash flow 32.70M 11.60M 18.50M 49.00M 191.00M
Total cash from operating activities 76.60M 53.90M 78.80M 57.90M 38.40M
Issuance of capital stock - - - 0.00M 0.10M
Depreciation 2.30M 2.30M 2.30M 2.70M 2.90M
Other cashflows from investing activities 18.30M 45.90M - 4.50M 0.10M
Dividends paid 56.30M 50.70M 43.50M 43.30M 46.30M
Change to account receivables 5.70M -2.90M -6.40M 1.40M -4.40M
Sale purchase of stock -0.40M -0.20M -0.30M -0.30M 219.00M
Other cashflows from financing activities -1.30M -1.00M 284.40M 0.70M 132.50M
Change to netincome - - 101.10M -78.60M 275.80M
Capital expenditures 61.10M 1.20M 60.10M 31.00M 26.00M
Change in working capital 3.60M -19.10M 11.20M 8.80M -5.50M
Stock based compensation 2.70M 3.30M 1.40M 1.60M 2.50M
Other non cash items 62.60M 259.90M 39.30M 19.90M 40.40M
Free cash flow 15.50M 51.90M 18.70M 26.90M 12.40M

Peer Comparison*

Sector: Real Estate Industry: REIT - Office

Stock Name
Change
(GBX)
Price
(GBX)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
WKP
Workspace Group PLC		 5.60
1.67%		 341.60 - 10.92 3.97 0.48 8.40 42.20
DLN
Derwent London PLC		 5.00
0.27%		 1888.00 11.50 16.95 4.54 0.50 7.99 15.61
GPE
GREAT PORTLAND ESTATES PLC		 -1.60
0.48%		 335.20 8.21 28.65 10.74 0.61 22.42 14.66
CLI
CLS Holdings plc		 -0.85
1.82%		 45.80 - 6.17 1.34 0.26 7.85 13.46
RGL
Regional REIT Ltd		 1.70
1.93%		 89.70 - 9.23 1.89 0.44 14.61 19.56

Profile*

Workspace Group PLC

Workspace Group Plc is London's leading owner and operator of flexible workspace, currently managing 4.3 million sq. ft. of sustainable space at 65 locations in London and the Southeast. We are home to some 4,000 of London's fastest growing and established brands from a diverse range of sectors. Our purpose, to give businesses the freedom to grow, is based on the belief that in the right space, teams can achieve more. That in environments they tailor themselves, free from constraint and compromise, teams are best able to collaborate, build their culture and realize their potential. We have a unique combination of a highly effective and scalable operating platform, a portfolio of distinctive properties, and an ownership model that allows us to offer true flexibility. We provide customers with blank canvas space to create a home for their business, alongside leases that give them the freedom to easily scale up and down within our well-connected, extensive portfolio. We are inherently sustainable - we invest across the capital, breathing new life into old buildings and creating hubs of economic activity that help flatten London's working map. We work closely with our local communities to ensure we make a positive and lasting environmental and social impact, creating value over the long term. Workspace was established in 1987, has been listed on the London Stock Exchange since 1993, is a FTSE 250 listed Real Estate Investment Trust (REIT) and a member of the European Public Real Estate Association. Workspace is a registered trademark of Workspace Group PLC, London, UK.

Canterbury Court, Kennington Park, London, United Kingdom, SW9 6DE

44 20 7138 3300

https://www.workspace.co.uk

322

Name Title Year Born
Mr. Graham Clemett A.C.A., ACA, B.S., BSc. CEO & Director 1961
Mr. David N. Benson CFO & Director NA
Mr. Richard Swayne Investment Director NA
Kate Ankers Chief Accountant NA
Chris Boultwood Head of Technology NA
Ms. Cynthia H. Alers Interim Head of Investor Relations NA
Ms. Clare Marland Head of Corp. Communications NA
Mr. Charles Fraser Head of Sales NA
Mr. Paul Hewlett Director of Strategy & Corp. Devel. NA
Mr. Ben Saunders Head of People NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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