0948 GMT - Great Portland Estates' stock should see a positive turning point as 1H results indicate strong expectations for rents, asset values and development profit opportunities, Citi analysts write in a note. The real-estate investment trust reiterated estimated rental value growth guidance for its portfolio of between 3% to 6%, including 5% to 10% growth for prime offices, Citi says. Management expect a positive total accounting return in 2025 and 10% compound annual growth rate in the medium term, Citi says. "1H results... evidence the inflection point we estimate for a positive turning point in the stock." Shares are down 0.1% at 298 pence and are down 19% over the past 12 months. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
November 14, 2024 04:48 ET (09:48 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。