Workspace Group Board is recommending a final dividend of 16.7p per share, taking the full year dividend to 26.1p (2025: 28.4p), to be paid on 3 August 2026 to shareholders on the register at 3 July 2026.
Other financial highlights:
● 1,310 lettings and 558 renewals completed with a total rental value of £50.4m (FY25: 1,266 lettings and 500 renewals completed with a total rental value of £46.4m)
● 77% of enquiries converted to viewings (FY25: 72%) and 17% of enquiries converted to lettings (FY25: 15%)
● Stabilised Portfolio occupancy at 81.6% at 31 March 26 (Sep 25: 80.5%3, Mar 25: 83.0%3)
● Stabilised Portfolio rent per sq. ft. down 2.1% to £46.31 at 31 March 26 (Sep 25: £47.373, Mar 25: £47.303)
● Stabilised Portfolio rent roll down 4.6% to £108.3m at 31 March 26 (Sep 25: £109.9m3, Mar 25: £113.5m3)
Reduction in income, reflecting disposals and lower occupancy and pricing
● Net rental income down 7.1% (£8.7m) to £113.4m (Mar 25: £122.1m) following disposals, with underlying net rental income†1 down 2.4%1 to £109.9m (Mar 25: £112.6m)
● Trading profit after interest† down 9.4% (£6.3m) to £60.5m (Mar 25: £66.8m)
● Loss before tax of £120.5m (Mar 25: £5.4m profit) primarily reflecting the reduction in the property valuation
