logo
Share SHARE
FONT-SIZE Plus   Neg

Great Portland Estates Like-for-Like Valuation Rises - Quick Facts

Great Portland Estates plc (GPOR.L) announced Thursday a 10.6 percent year-over-year growth in property valuation, on a like-for-like basis, at December 31, 2011. Total portfolio valuation, including acquisitions, went up 10.1 percent. The West End Total section saw a 9.0 percent uptick, while City & Southwark registered a 6.8 percent rise.

Additionally, the company said net asset value, or NAV, on an EPRA basis, as on December 31, 2011, was 2.1 percent higher at 1.19 billion pounds, or 386 pence per share, from the NAV of September 30, 2011, which was 1.17 billion pounds, or 378 pence per share. Triple net asset value, or NNNAV, was 1.18 billion pounds, or 382 pence per share, compared to 1.16 billion pounds, or 375 pence per share.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
If calories are not reduced, exercise alone can have no effect on obesity, says British Sports Medicine, a peer-reviewed journal of sport and exercise medicine. The journal says the blame for expanding waist lines is directly on the type and amount of calories consumed and the poor diet generates more disease than physical inactivity, alcohol and smoking combined. Deutsche Bank (DB) on Sunday reported an about 50 percent decline in first-quarter profit, despite clocking double-digit revenue growth, as the German lender recorded hefty legal charges over allegations of rate-rigging. Casino operator Wynn Resorts said its shareholders ousted Elaine Wynn from the board, reflecting fears that her presence may lead to disharmony with the management.
comments powered by Disqus
Follow RTT