Workspace Group PLC reported its half-year results for the period ending 30 September 2024, highlighting continued growth in underlying income and dividends. Key financial highlights include: - Underlying net rental income increased by 4.3% to £60.2 million. - Trading profit after interest rose by 5.1% to £32.7 million. - Interim dividend per share grew by 4.4% to 9.4p. - Total portfolio valuation stood at £2,423 million, with a slight underlying reduction of 0.8%. Operationally, Workspace saw strong customer demand with 603 lettings completed, although like-for-like rent roll and occupancy experienced slight declines. The company also made progress in sustainability, completing its first net zero building, Leroy House, and achieving reductions in operational energy intensity and gas use. Overall, Workspace continues to leverage its scalable operating platform to drive growth and meet customer demand. More information can be found here: https://lnkd.in/gvfUwqJ2 #Results #Investors #Workspace
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Woah...busy week for me. Workspace Group welcomed its new CEO Lawrence Hutchings on Monday and this morning we announced our Half Year Results. After getting to know Lawrence a little better this week I am excited for the future under his leadership and look forward to strengthening our working relationship. Here are some of the key takeaways from the Results: - Underlying income and dividends kept climbing, with net rental income up by 4.3% and the interim dividend per share growing by 4.4%. - Strong customer demand, leasing out a bunch of new spaces (603 to be exact!), while also showing progress on our ambitious sustainability targets with our first net zero building, Leroy House. - Progress on major refurbishment projects at The Chocolate Factory and The Biscuit Factory. - A couple of small dips in like-for-like rent roll and occupancy, (due to an unusual number of larger customers vacating). - Overall, our business continues to grow thanks to our scalable operating platform and an incredible amount of hard work from our team. Want to dive a bit deeper? Check out the full results here: https://lnkd.in/exPBS-kS #financialresults #flexibleworkspace #sustainability #growingtogether
Results, reports & presentations | Workspace ®
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