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← CockpitCompetitor Analysis › WKP.L Workspace Group PLCOpen in the cockpit ↗

Workspace Group PLCWKP.LCompetitor analysis, valuation and peers

United Kingdom · GBP·Real Estate›Real Estate Investment Trusts
Momentum neutral 41
Mkt cap
$913M
US dollars, full cap
Free float
57%
of shares outstanding
$/day
$1.33M
20-day average traded
P/B
0.51×
price to book
ROE
-8.5%
delivered
Implied ROE
8.1%
what the price asks
Next earnings
12 days
18 Nov 2026
Close · GBP£352.40
1D-2.1%
1W+2.1%
1M+0.3%
3M-2.4%
6M+7.6%
YTD-11.7%
1Y-13.7%
ATR %4.1%
52w lowhigh18.9% off high

What Workspace does

No business profile yet.

Workspace at a glance

Size Workspace (WKP.L) is a United Kingdom Real Estate company (Real Estate Investment Trusts) with a market value of $913M, the 223rd largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £352.40 on 6 Nov 2026.

Performance Over six months the shares gained 7.6%, against -11.4% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 2nd highest of 21 in its peer set.

Growth Revenue fell 2.0% over the last twelve months (peer median +3.9%); the operating margin is 50.5% (peer median 47.9%).

Valuation It trades at 0.51× book value against a peer median of 0.83× (2nd cheapest of 21).

Price implies The share price implies a return on equity of about 8.1%; Workspace delivers -8.5%, so the price asks more than the business earns today.

Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026WKP.L 108Peer median 89
Six months, rebased to 100: Workspace against the median of its 20 peers (local-currency closes).

Workspace financials

Reported figures in GBP; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue£181M£181M£185M£184M£174M
Revenue growth—-2%0%+6%—
Gross profit£111M£111M£119M£124M£114M
EBITDA£94.2M£94.2M£102M£103M£97.4M
Net income-£120M-£120M£5.40M-£192M-£37.8M
Free cash flow£60.2M£60.2M£73.5M£52.7M£74.1M
Capital expenditure£600,000£600,000£2.20M£1.20M£3.90M
Total debtn/a£793M£876M£890M£944M

Quarterly statements and history in the cockpit →

Workspace competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%-10%0%0%+10%ESRTO5RU89683468SEBDGTP40U3481ORCNTDUWHACSRPSTLVITL-UNH133296INNINDUSINVITOPGWKP.L6-month return →1-month return →
Up and to the right = strong over both horizons. Workspace is the large dot.

Fundamentals: return on equity against price-to-book

-10%-5%0%5%10%0.50×10×1.50×ESRTO5RU89683468SEBDGTP40UORCWHACSRPSTLAU8UVITL-UNH133296INNINDUSINVITOPGWKP.LReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Workspace is the large dot.

Capital: ROE delivered against the ROE the price implies

-10%-5%0%5%10%-10%0%10%O5RU89683468SEBDGTP40UORCCSRPSTLAU8UVITL-UNH133296INNINDUSINVITOPGWKP.LROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Workspace is the large dot.

Workspace competitors and peer comparison

How Workspace compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Workspace against its 20 peers (data as of 6 Nov 2026)
MeasureWKP.LPeer medianRank in peer set
1-month return+0.3%-0.7%8th highest of 21
6-month return+7.6%-11.4%2nd highest of 21
Return on equity-8.5%5.1%lowest of 20
Price / book0.51×0.83×2nd cheapest of 21
ROE the price implies8.1%5.7%9th most demanding of 21
ROE delivered-8.5%5.2%lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Workspace WKP.LUnited Kingdom$913M+8%-2%-8%0.51×8.1%-8.5%
Empire State Realty Trust ESRTUnited States$919M-7%+2%5%0.85×10.7%n/a
Aims Apac REIT O5RU.SISingapore$904M-10%+6%11%1.09×4.9%11.1%
Fukuoka Reit 8968.TJapan$929M-7%-3%7%1.28×5.4%7.0%
Star Asia Investment 3468.TJapan$895M-7%+17%6%0.98×4.6%6.4%
Stoneweg Europe Stapled Trust SEB.SISingapore$889M-12%-2%5%0.68×4.5%5.1%
Digico Infrastructure REIT DGT.AXAustralia$941M-10%+90%-4%0.59×9.6%-4.2%
Starhill Global Real Estate Investment Trust P40U.SISingapore$884M-13%0%3%0.68×4.0%2.7%
Mitsubishi Estate Logistics REIT Investment 3481.TJapan$952M-17%-4%5%0.96×4.4%5.2%
Orchid Island Capital ORCUnited States$953M-30%+83%-1%0.82×11.3%-0.6%
Ntt Dc REIT NTDU.SISingapore$955M-9%-8%n/a0.80×3.1%n/a
Wereldhave WHA.ASNetherlands$956M-15%+10%6%0.79×6.0%6.3%
Centerspace CSRUnited States$963M-15%+15%12%1.21×10.3%11.7%
Postal Realty Trust PSTLUnited States$863M-5%+22%5%1.82×13.7%4.7%
CapitaLand China Trust AU8U.SISingapore$860M-7%-10%-1%0.55×5.3%-0.7%
Vital Infrastructure Property Trust VITL-UN.TOCanada$853M-15%-28%-5%0.78×8.4%-5.2%
Ho Bee Land H13.SISingapore$978M-13%+5%3%0.33×2.6%2.7%
NIPPON REIT Investment 3296.TJapan$852M-18%+42%9%0.96×4.3%8.7%
Summit Hotel Properties INNUnited States$845M+27%+2%0%0.91×10.4%-0.2%
Indus Infra Trust INDUSINVIT.NSIndia$842M+3%+41%9%1.19×10.5%9.4%
Cpi Fim OPG.WAPoland$1.00B-16%-35%11%0.58×5.9%11.1%

Questions

Which companies are Workspace's closest peers?
The cockpit's peer set: Empire State Realty Trust (ESRT), Aims Apac REIT (O5RU.SI), Fukuoka Reit (8968.T), Star Asia Investment (3468.T), Stoneweg Europe Stapled Trust (SEB.SI), Digico Infrastructure REIT (DGT.AX), Starhill Global Real Estate Investment Trust (P40U.SI), Mitsubishi Estate Logistics REIT Investment (3481.T).
Is Workspace expensive compared with its peers?
On price / book it trades at 0.51× against a peer median of 0.83×, 2nd cheapest of 21 in its peer set. The share price implies a return on equity of about 8.1%; Workspace delivers -8.5%, so the price asks more than the business earns today.
How has Workspace stock performed?
Over six months to 6 Nov 2026 the shares returned +7.6% against -11.4% for the median peer; over one year -13.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.