Workspace Group PLC
F:WRX1

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Workspace Group PLC
F:WRX1
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Price: 4.3 EUR
Market Cap: €825.6m

Gross Margin

66%
Current
Declining
by 1.4%
vs 3-y average of 67.4%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
66%
=
Gross Profit
£120.8m
/
Revenue
£182.9m

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
66%
=
Gross Profit
€120.8m
/
Revenue
£182.9m

Peer Comparison

Country Company Market Cap Gross
Margin
UK
Workspace Group PLC
LSE:WKP
728.9m GBP
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US
Boston Properties Inc
NYSE:BXP
8.3B USD
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US
Alexandria Real Estate Equities Inc
NYSE:ARE
8.2B USD
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JP
Nippon Building Fund Inc
TSE:8951
1.3T JPY
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FR
Covivio SA
PAR:COV
6.4B EUR
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US
COPT Defense Properties
NYSE:CDP
7.1B USD
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JP
Japan Real Estate Investment Corp
TSE:8952
912.8B JPY
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US
Vornado Realty Trust
NYSE:VNO
4.8B USD
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AU
Dexus
ASX:DXS
6.5B AUD
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SG
Keppel REIT
SGX:K71U
4.6B
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JP
Kenedix Office Investment Corp
TSE:8972
681.8B JPY
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Market Distribution

Higher than 98% of companies in United Kingdom
Percentile
98th
Based on 3 001 companies
98th percentile
66%
Low
-1 510% — 0.4%
Typical Range
0.4% — 0.7%
High
0.7% — 7 323.1%
Distribution Statistics
United Kingdom
Min -1 510%
30th Percentile 0.4%
Median 0.5%
70th Percentile 0.7%
Max 7 323.1%

Workspace Group PLC
Glance View

Market Cap
825.6m EUR
Industry
Real Estate

Workspace Group PLC has carved out a distinct niche in the commercial property sector, focusing on providing flexible office spaces tailored to the needs of small and medium-sized enterprises (SMEs) and entrepreneurs. Founded in 1987, the company recognized early on that the business landscape was shifting towards more dynamic and adaptable work environments. In an era defined by technological advancements and changing work cultures, Workspace Group offers its clients the freedom to thrive in a setting that encourages innovation and agility. By investing in prime urban locations, particularly throughout London, the company has developed a unique portfolio that combines historic buildings with modern amenities, catering to a diverse range of industries. Each property is designed to be more than just a place of work; rather, they are vibrant communities that inspire collaboration and creativity among their tenants. Workspace Group generates its revenue primarily through leasing office spaces, but its business model goes beyond mere property rental. They adopt a customer-centric approach, providing a suite of services that enhance the tenant experience. This includes meeting rooms, virtual offices, and tailored business support, which can be adjusted to meet the changing needs of their clients. Moreover, by maintaining a hands-on approach in property management and continually investing in the development of their properties, Workspace ensures that each location remains not just relevant but also at the forefront of where business trends are heading. This commitment to quality and adaptability not only secures steady rental income but also positions Workspace Group at the leading edge of the flexible office space market.

WRX1 Intrinsic Value
7.3 EUR
Undervaluation 41%
Intrinsic Value
Price
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
66%
=
Gross Profit
£120.8m
/
Revenue
£182.9m
What is Workspace Group PLC's current Gross Margin?

The current Gross Margin for Workspace Group PLC is 66%, which is below its 3-year median of 67.4%.

How has Gross Margin changed over time?

Over the last 3 years, Workspace Group PLC’s Gross Margin has decreased from 67% to 66%. During this period, it reached a low of 66% on Sep 30, 2025 and a high of 68.9% on Mar 31, 2024.

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