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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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 debt | n/a | £793M | £876M | £890M | £944M |
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.
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.
| Measure | WKP.L | Peer median | Rank 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 / book | 0.51× | 0.83× | 2nd cheapest of 21 |
| ROE the price implies | 8.1% | 5.7% | 9th most demanding of 21 |
| ROE delivered | -8.5% | 5.2% | lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Workspace WKP.L | United Kingdom | $913M | +8% | -2% | -8% | 0.51× | 8.1% | -8.5% |
| Empire State Realty Trust ESRT | United States | $919M | -7% | +2% | 5% | 0.85× | 10.7% | n/a |
| Aims Apac REIT O5RU.SI | Singapore | $904M | -10% | +6% | 11% | 1.09× | 4.9% | 11.1% |
| Fukuoka Reit 8968.T | Japan | $929M | -7% | -3% | 7% | 1.28× | 5.4% | 7.0% |
| Star Asia Investment 3468.T | Japan | $895M | -7% | +17% | 6% | 0.98× | 4.6% | 6.4% |
| Stoneweg Europe Stapled Trust SEB.SI | Singapore | $889M | -12% | -2% | 5% | 0.68× | 4.5% | 5.1% |
| Digico Infrastructure REIT DGT.AX | Australia | $941M | -10% | +90% | -4% | 0.59× | 9.6% | -4.2% |
| Starhill Global Real Estate Investment Trust P40U.SI | Singapore | $884M | -13% | 0% | 3% | 0.68× | 4.0% | 2.7% |
| Mitsubishi Estate Logistics REIT Investment 3481.T | Japan | $952M | -17% | -4% | 5% | 0.96× | 4.4% | 5.2% |
| Orchid Island Capital ORC | United States | $953M | -30% | +83% | -1% | 0.82× | 11.3% | -0.6% |
| Ntt Dc REIT NTDU.SI | Singapore | $955M | -9% | -8% | n/a | 0.80× | 3.1% | n/a |
| Wereldhave WHA.AS | Netherlands | $956M | -15% | +10% | 6% | 0.79× | 6.0% | 6.3% |
| Centerspace CSR | United States | $963M | -15% | +15% | 12% | 1.21× | 10.3% | 11.7% |
| Postal Realty Trust PSTL | United States | $863M | -5% | +22% | 5% | 1.82× | 13.7% | 4.7% |
| CapitaLand China Trust AU8U.SI | Singapore | $860M | -7% | -10% | -1% | 0.55× | 5.3% | -0.7% |
| Vital Infrastructure Property Trust VITL-UN.TO | Canada | $853M | -15% | -28% | -5% | 0.78× | 8.4% | -5.2% |
| Ho Bee Land H13.SI | Singapore | $978M | -13% | +5% | 3% | 0.33× | 2.6% | 2.7% |
| NIPPON REIT Investment 3296.T | Japan | $852M | -18% | +42% | 9% | 0.96× | 4.3% | 8.7% |
| Summit Hotel Properties INN | United States | $845M | +27% | +2% | 0% | 0.91× | 10.4% | -0.2% |
| Indus Infra Trust INDUSINVIT.NS | India | $842M | +3% | +41% | 9% | 1.19× | 10.5% | 9.4% |
| Cpi Fim OPG.WA | Poland | $1.00B | -16% | -35% | 11% | 0.58× | 5.9% | 11.1% |