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Workspace Group plc R.E.I.T. ( (GB:WKP) ) just unveiled an update.
Workspace Group PLC reported a challenging macroeconomic environment affecting customer activity in the third quarter ending December 2024. Despite this, they have made significant progress in refurbishing and subdividing larger spaces and successfully completed 273 new lettings with a total rental value of £6.0m. The company has a robust balance sheet and continues its capital recycling program, having agreed on disposals worth £34.2m. Looking forward to 2025, Workspace is optimistic about capturing growth opportunities and has started the fourth quarter with strong trading momentum, evidenced by numerous enquiries and viewings.
More about Workspace Group plc R.E.I.T.
Workspace Group PLC is a leading company in London, specializing in owning and operating sustainable and flexible workspaces. Their core product involves recycling larger spaces into smaller units to meet high demand from London’s vibrant SMEs, focusing on higher pricing growth.
YTD Price Performance: -5.19%
Average Trading Volume: 421,338
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £874.4M
For a thorough assessment of WKP stock, go to TipRanks’ Stock Analysis page.
