By Nina Kienle
Great Portland Estates posted an increase in pretax profit for its fiscal first half after rents and property values rose on high leasing demand.
The U.K. real-estate investment trust said Tuesday that for the six months ended Sept. 30 pretax profit was 57.2 million pounds ($75.2 million), compared with 29.9 million pounds the year before. The company booked a 39.4 million-pound surplus from investment property, compared with 19 million pounds in the year-prior period.
Revenue rose to 54.6 million pounds from 44.9 million pounds.
The board declared an interim dividend of 2.9 pence a share, in line with the prior year's period.
The trust said that, among other items, it signed 43 new leases and renewals in the period, generating annual rent of 37.6 million pounds.
"We have delivered another period of strong operational performance across our prime central London portfolio, leasing more in the first half than in all of last year," Chief Executive Toby Courtauld said.
The company backed its rental growth guidance of between 4% to 7% for fiscal 2026.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
November 18, 2025 03:06 ET (08:06 GMT)
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