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Shares in FTSE 250 real estate investment trust (REIT) Great Portland Estates (LSE:GPE) look cheap at the moment. The stock currently trades at around 66% of its book value.
I think this raises a number of interesting possibilities for investors. And at a 43% discount to where it was five years ago, it could well be worth closer attention.
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London real estate
Like all REITs, Great Portland Estates leases properties and returns the cash to shareholders as dividends. Its portfolio consists of around 40 office-type buildings located in Central London.
It’s no secret that demand for office space has been…
