Shares digital

Workspace Group (WKP)

Finals Monday 11 June

BULL POINTS

> Conversion to Reit status will benefit shareholders

> Growth in rents and occupancy

> Joint venture with Glebe showing encouraging signs

> Expanding property portfolio

BEAR POINTS

> Reit conversion cost will impact results

> Vulnerable to volatility in interest rate market

SHARES SUMMARY

The group converted to Reit last December, which will enable it to make greater distributions to shareholders without impacting on its business activities. It continues to make acquisitions and build up its portfolio, and has a wide and varied tenant base. Its joint venture with private property development company, Glebe, is also making good progress. RR