- A deeper pre-tax loss
- Dividends forecast to fall
London offices continue to haemorrhage value due to high interest rates and questions around their role in the post-Covid-19 world. This is bad news for Great Portland Estates (GPE) and its share price dropped 5 per cent on the day. The real estate investment trust (Reit) posted a deepening of pre-tax losses for the six months to 30 September due to a swingeing £220mn valuation drop. It comes after the company posted an £80.6mn fall in last year's interims.