18th Sep 2025 11:22
Great Portland Estates PLC - London-based office space landlord - Reports that Moody's Ratings has confirmed its Baa2 long-term issuer rating and stable outlook are unchanged. Says this reflects its resilient business strategy, strong balance sheet and market positioning. Adds that Moody's highlighted key credit strengths, such as its high quality office portfolio, a strong track record of value generation, significant financial flexibility as well as the maintenance of one of the lowest leverage metrics in the sector. Adds that it reports its interim numbers on November 18.
"We are pleased that Moody's has reaffirmed our rating, which we believe validates our strategy of delivering premium, sustainable space into a market where demand-supply dynamics are increasingly in our favour. Against this backdrop, we are well positioned, with our extensive development pipeline expected to generate significant surpluses over the coming years, driving significant income and value growth," says Chief Financial & Operating Officer Nick Sanderson.
Current stock price: 304.50 pence, flat on Thursday morning in London
12-month change: down 15%
By Christopher Ward, Alliance News reporter
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