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Workspace Group
Workspace Group (WKP) investor relations material
Workspace Group Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary21 Jan, 2026
Executive summary
Third quarter performance aligned with expectations, showing progress in occupancy and asset disposals.
Strategy execution continues with operational improvements and portfolio optimization.
New CEO to join in early February to accelerate strategic initiatives.
Financial highlights
Like-for-like occupancy increased by 0.9% to 81.2% compared to the previous quarter.
Like-for-like rent per sq. ft. decreased by 1.4% to £47.13, resulting in a 0.1% reduction in like-for-like rent roll to £104.1m.
Total rent roll decreased by 3.1% (£4.1m) in the quarter to £129.2m.
Net debt reduced by £53m to £779m; cash and undrawn facilities at £221m.
Loan-to-value (LTV) ratio at 35% based on September 2025 valuation.
Outlook and guidance
Confidence in strategy to stabilize and rebuild occupancy, with continued focus on customer retention and targeted marketing.
Ongoing execution of asset disposals and selective upgrades to drive future growth.
Why the wide range in disposal yields?
Quantify capital-light upgrade benefits
Detail Qube partnership market expansion
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Next Workspace Group earnings date
H2 25/264 Jun, 2026
Workspace Group
Next Workspace Group earnings date
H2 25/264 Jun, 2026
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Frequently asked questions
Workspace Group plc is a property owner. The company provides flexible work spaces with in London locations, including acquiring, refurbishing and redeveloping properties to adapt to our customers' changing requirements. The properties are designed to fit customer preferences and include a vibrant front of house experience, meeting rooms, breakout areas, gyms, cafes and wellbeing facilities. Workspace Group plc was founded in 1987, and is headquartered in London, U.K..
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