Great Portland Estates (LON:GPE) said it delivered a year of record leasing, rising earnings and higher asset values, while management emphasized that the central London landlord has flexibility to keep investing, sell assets or return capital to shareholders depending on market conditions.
Chief Executive Toby Courtauld told investors the year had been “all about us executing on our growth strategy,” pointing to record leasing, acquisitions made at discounts, asset sales at a premium and continued development of prime central London office space. He said the company remains focused entirely on prime central London, where demand for high-quality office space continues to outstrip supply.
