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    Real estate investment trusts
Workspace Group PLC

Workspace Group PLC

330.40
GBX
-1.80
(-0.54%)
65.67BMarket Cap
Nov 18Next Earn
Workspace Group PLC
LSE:WKP
(London Stock Exchange)

Recent

price

330.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
GBP
0.58
0.5
0.48
0.51
0.55
0.63
0.67
0.79
0.84
0.89
0.79
0.73
0.91
0.96
0.96
0.94
- -
Revenue per Share
0.45
0.36
0.53
1.67
2.31
2.4
0.54
1.05
0.78
0.4
-1.3
0.68
-0.2
-1
0.03
-0.63
- -
Basic EPS, GAAP
0.03
0.12
0.15
0.17
0.23
0.3
0.31
0.44
0.42
0.45
0.2
0.31
0.39
0.27
0.39
0.32
- -
Free Cash Flow per Basic Share
0.07
0.08
0.09
0.1
0.11
0.13
0.17
0.23
0.29
0.34
0.26
0.24
0.23
0.26
0.29
0.28
- -
Dividend per Share
2.79
3.02
3.45
4.99
7.12
9.34
9.67
10.46
10.99
11.05
9.49
9.94
9.33
8.08
7.82
6.91
6.91
Book Value per Share
2.78
3.02
3.45
4.98
7.11
9.34
9.67
10.45
10.98
11.04
9.48
9.93
9.32
8.07
7.81
6.91
6.91
Tangible Book Value per Share
119
135
143
145
152
162
163
163
177
180
181
181
190
192
192
192
192
Basic Weighted Avg Shares
69
67
70
74
84
101
109
129
149
161
142
133
174
184
185
181
- -
Sales/Revenue/Turnover
56.83
51.41
51.94
51.49
52.51
87.94
61.31
61.68
62.85
64.62
43.92
50.71
54.59
54.75
53.35
50.55
- -
Operating Margin (%)
1
1
1
1
1
1
1
1
1
1
3
3
2
2
2
2
- -
Depreciation Expense
54
49
76
241
351
389
89
171
137
72
-236
124
-38
-192
5
-120
- -
Net Income, GAAP
- -
- -
- -
0.04
0.03
0.61
0.11
- -
- -
0.55
- -
0.08
- -
- -
- -
- -
- -
Effective Tax Rate (%)
77.76
72.81
109.93
327.99
419.74
384.29
81.53
132.97
91.9
44.67
-165.64
93.23
-21.7
-104.45
2.92
-66.32
- -
Profit Margin (%)
-31
-4
-17
-25
16
30
-21
-35
-11
23
-31
53
30
21
-61
5
5
Working Capital
364
337
338
336
317
309
266
551
623
645
623
627
894
890
796
793
793
LT Debt
334
435
500
726
1,146
1,518
1,579
1,713
1,982
1,998
1,720
1,800
1,788
1,549
1,502
1,328
1,328
Total Equity
- -
- -
11.52
27.9
29.41
24.31
5.64
- -
6.65
3.62
- -
5.87
- -
- -
1.55
- -
- -
Return on Invested Capital (%)
- -
- -
11.66
26.09
28.48
24.62
5.54
- -
6.47
3.6
- -
5.82
- -
- -
1.5
- -
- -
Return on Capital (%)
17.23
12.74
16.33
39.36
37.48
29.2
5.73
10.42
7.43
3.62
-12.68
7.04
-2.11
-11.54
0.35
-8.5
- -
Return on Common Equity (%)

Capital Structure

GBP

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
80
- -
- -
LT Borrowings
761
830
757
LT Finance Leases
35
35
36
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
192
192
192
Market Capitalization
797
762
657

Working Capital

GBP

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
111
134
94
Cash, Cash Equivalents & STI
25
1
3
Accounts Receivable, Net
16
14
10
Inventories
- -
- -
- -
Total Current Liabilities
172
91
89
Payables & Accruals
- -
- -
- -
ST Debt
80
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

GBP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.89%
-4.79%
-11.58%
Free Cash Flow
8.76%
16.89%
-16.67%
Net Income, GAAP
-278.26%
-460.88%
-2,327.78%
Sales/Revenue/Turnover
6.68%
5.74%
-2.05%
Total Cash Common Dividend
11.84%
3.71%
-3.02%

Semi-annual Revenue

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
184
2025
- -
- -
185
2026
- -
- -
181

Semi-annual Earnings Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-1
2025
- -
- -
0.03
2026
- -
- -
-0.63

Semi-annual Dividends Per Share

GBP

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.26
2025
- -
- -
0.29
2026
- -
- -
0.28
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Business
Workspace Group plc (WKP.L) is London's leading owner, operator and developer of flexible workspace as a FTSE 250 real estate investment trust (REIT); the company owns and manages approximately 4.3 million square feet of sustainable business space across 65-73 properties in dynamic London locations, providing adaptable offices, studios, co-working areas, meeting rooms, communal breakout spaces, cafes, showers and cycle storage primarily to over 3,000 small and medium-sized enterprises (SMEs) including startups, creators, makers, innovators and disruptors in sectors such as marketing, consultancy, fashion, finance, software, architecture, music and content production. Founded in 1987 as London Industrial plc through the privatisation of the Greater London Council's industrial portfolio and headquartered at Centro One, 39 Plender Street, London NW1 0DT, Workspace focuses on multi-let industrial, office and creative properties in vibrant neighbourhoods near transport hubs, employing a proprietary in-house operating platform for customer management, lettings, facilities, billing and data insights to support flexible lease terms, scalability and customer retention. The company generates revenue mainly from short-term rentals and ancillary services, emphasizing urban regeneration, active asset management through refurbishments, redevelopments and sustainability initiatives targeting net zero carbon by 2030. Recent developments include robust demand with 326 new lettings worth £7.3 million in Q2 FY2026; completion of capital-light upgrade pilots at The Leather Market and Vox Studios with plans for selective expansion; disposals of £52.4 million in low-conviction assets as part of a portfolio review to accelerate growth; a landmark 20-year, 32,000 square foot lease at The Old Dairy in Shoreditch with Qube for a music and content creator hub, alongside a £3 million minority equity stake in Qube to tap structurally growing SME segments and foster scalable specialist offerings; a five-year lease to Wild Cosmetics at Kennington Park following its Unilever acquisition, enabling Workspace's head office relocation to The Centro Buildings in Camden; and ongoing strategic asset sales to maintain low leverage while upgrading high-conviction properties.

Company News

Company News APIChatGPT

  • seekingalpha.com

    Workspace Group Plc (WKPPF) Q4 2026 Earnings Call Transcript

  • marketbeat.com

    Workspace Group H2 Earnings Call Highlights

  • proactiveinvestors.co.uk

    Workspace Group faces boardroom challenge by activist shareholder

  • proactiveinvestors.co.uk

    Workspace Group shares fall 15% after warning of substantial profit drop in the coming year

  • proactiveinvestors.com

    FTSE 100: European stocks dragged down as dollar rallies and gold exert pull

  • businesswire.com

    Saba Capital Releases Letter Sent to Workspace Group Plc's Board of Directors

  • https://thefly.com

    Workspace Group price target lowered to 630 GBp from 655 GBp at Barclays