Like many of its peers, the homebuilding business is experiencing surging demand right now. Last year, the company reported a 14% increase in earnings per share across the group, and this year analysts have pencilled in a smaller, but still attractive 8.4% increase in profits for the year. And it looks as if Gleeson is well on the way to meeting this target.

Positive trading

It today updated investors on its trading for the financial year ended 30 June, ahead of full-year results, which will be released in mid-September.

According to the update, over the past 12 months the homebuilding division, Gleeson Homes has “delivered its largest annual volume growth selling 1,529 homes during the year, a 25% increase compared with the previous year’s total.“

It doesn’t look as if this division is going to slow down any time soon. Gleeson Homes is currently active on 69 building sites and anticipating an increase to 80 or more sites during the coming year, the trading update reports. Management reckons this business is “comfortably on track” to meet its stated volume target of 2,000 homes per year by 2022. The strategic land business is also seeing strong demand for its services. Overall, management believes Gleeson will “comfortably” meet City growth expectations for the year.

Looking at this growth, I think the stock is currently undervalued as it is dealing at a forward P/E of just 12.3. It also supports a dividend yield of 4.6%. With earnings per share set to increase by nearly 20% between now and 2020, I think a mid-teens earnings multiple might be more appropriate for the business. A net cash balance of £30m also leads me to conclude that the market is currently undervaluing this stock.

London-centric

Another property stock that I like the look of right now is Great Portland Estates (LSE: GPOR).

Over the past few months, shares in this London-focused real estate investment trust have drifted lower and are now trading significantly below its latest reported net asset value. Indeed, at the end of May, the company reported a net asset value per share of 853p, 22% above the current price of 700p.

It is difficult to see why investors are giving this company such a wide berth. It would make sense if the business were suffering from falling rents and rising vacancy levels, but it isn’t.

According to a trading update from the trust today, at the end of June, the company’s vacancy rate was just 4.2%, down from 4.8% at the end of March. Meanwhile, the property business has managed to increase its rent roll, settling seven rent reviews during the second quarter with an average uplift of 17.2%. Great Portland also signed nine new lettings and has 12 more under offer with a total potential income of nearly £5m.

These figures tell me that despite the market’s ambivalence towards Great Portland, the underlying business is still powering ahead, and that’s why I think this undervalued property champion could be a great addition to your portfolio.

The post Have £5k to invest? I’d buy these two undervalued property stocks appeared first on The Twelfth Magpie.

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Rupert Hargreaves owns shares in Great Portland Estates. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Changing regulations, increasing difficulty in obtaining a buy-to-let mortgage and rising stamp duty could mean that the profitability of investing directly in property is reduced over the medium term.

At a time when a number of mid-cap property stocks continue to trade on low valuations, the risk/reward opportunity from buying them could be more enticing than a buy-to-let.

As such, these two FTSE 250 stocks could be a better means of seeking to make a million from property over the long run.

St. Modwen

Property investment and development specialist St. Modwen (LSE: SMP) released an encouraging set of results for the first half of the year on Tuesday. The company is on track to meet guidance for the full year, with it focused on growth following the sale of non-core assets last year. As a result, it has increased its housebuilding volumes and industrial and logistics development activity compared to the same period of the previous year. This is expected to lead to an improving return on capital over the long run.

With the company’s net asset value per share increasing to 493p, St. Modwen now trades on a price-to-book (P/B) ratio of just 0.9. This indicates that the stock offers good value for money at a time when it is difficult to find cheap buy-to-lets in a number of regions of the UK.

Although the stock currently has a dividend yield of just 1.8%, it has increased dividends per share at an annualised rate of 11.5% over the last four years. This suggests that the company could offer improving income investing potential over the long run.

Great Portland Estates

Also offering a wide margin of safety within the property sector is real estate investment trust (REIT) Great Portland Estates (LSE: GPOR). The company currently trades on a P/B ratio of 0.8, which indicates that it is undervalued at the present time. This could mean that, over the long term, it offers significant capital growth potential.

With the company’s asset base being focused on London’s West End, it may offer greater defensive qualities than many of its industry peers. The area has a track record of holding up well in terms of its rental and valuation performance during even the most challenging of recessions. As such, even though Brexit may cause some investor uncertainty, it may not lead to particularly difficult operating conditions for the business.

Since Great Portland Estates has increased dividends per share by 8% per year over the last four years, it could offer a rising income for investors. Therefore, while it yields just 1.8% at the present time, it could deliver an impressive total return over the coming years.

The post Forget buy-to-let! I’d buy these FTSE 250 dividend growth stocks to try and make a million appeared first on The Twelfth Magpie.

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Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Now though, there are a number of additional threats facing the industry. Tax changes mean that mortgage interest costs cannot be offset against income for many property owners, which could lead to reduced profits and cash flow. Stamp duty has been increased for second homes, while it’s becoming more challenging to obtain a buy-to-let mortgage, due to more demanding affordability criteria.

As such, now could be the right time to focus instead on property-related shares in the FTSE 100 and FTSE 250. They may offer less risk due to their increased diversity, as well as greater liquidity. And with their resilience potentially being higher than many buy-to-let investments, the risk/reward ratio may be relatively impressive over the long run.

Resilient growth

Two real estate investment trusts (REITs) which could offer long-term growth potential are Shaftesbury (LSE: SHB) and Great Portland Estates (LSE: GPOR). Both companies are focused on London, and especially the West End. They have decided to focus on what’s a relatively small area because of its track record of resilient performance during more challenging economic periods. It’s also usually seen more robust market values than many other parts of the UK. With Brexit coming up, this could prove to be a useful ally for property investors.

The West End, of course, also offers strong growth prospects. Crossrail is due to open in the coming months, and this is expected to increase the number of visitors to the area. This may lead to increased demand for retail space, while the availability of property in the locality remains low as a result of strict planning laws. This could mean that demand growth outstrips supply growth, thereby leading to relatively strong market values.

Valuations

Given the potential risks from Brexit and the uncertainty it appears to have caused, Great Portland Estates and Shaftesbury seem to offer relatively wide margins of safety at the present time. The two stocks trade on price-to-book (P/B) ratios of 0.85 and 1.05, respectively. This suggests that they offer excellent value for money, and could deliver impressive capital growth over the coming years. And with both companies having a wide range of properties, they may come with less risk than buy-to-let investments.

As such, now could be the right time to focus on listed property companies, rather than buy-to-lets. Tax changes, mortgage availability and affordability issues among first-time buyers in particular could make the latter less appealing. Meanwhile, the former may deliver strong total returns, as well as lower risks, over the long term.

The post Buy-to-let could be finished. Here are two FTSE 250 property stocks I’d consider instead appeared first on The Twelfth Magpie.

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Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Both figures may appear to be relatively appealing for a business with a long track record of robust performance versus its peers. However, with a number of other options available in the FTSE 100, could the retailer prove to be a value trap? Is it worth avoiding alongside another cheap stock which released a positive update on Wednesday?

Positive outlook

The company in question is real estate investment trust (REIT) Great Portland Estates (LSE: GPOR). It released news that it has signed 24 new lettings across 90,000 sq ft. in the three months to the end of September. They are expected to generate a combined annual rent of £5.3m, with market lettings being 6.5% ahead of the March 2018 ERV (estimated rental value). The company also settled seven rent reviews during the quarter, securing £2.4m of rent which represents a 16.3% increase over the previous rent.

Alongside an update on lettings, the company also announced the same of 55 Wells Street for a headline price of £65.46m. It reflects a net initial yield of 3.99%. The building was developed by Great Portland Estates in 2017 and its sale fits with a strategy of recycling capital out of mature assets.

With a price-to-book (P/B) ratio of around 0.8, Great Portland Estates appears to offer excellent value for money. The outlook for the UK economy may be uncertain. But with a margin of safety and a solid asset base, its long-term performance could be impressive.

Uncertain outlook

With Marks and Spencer having a relatively low valuation, it could offer value investing potential. Of course, it faces an uncertain near-term outlook. Its bottom line is expected to fall by 6% this year, and then by a further 1% next year. With there being a continued transition of shoppers from in-store to online, the company may experience further challenges beyond next year. As such, it could prove to be a testing time for its investors.

A 6.4% yield, though, means that total returns could be relatively strong even during a tough period for the business. Dividend payments are covered 1.4 times by profit, which means they are relatively sustainable. And with the potential for a turnaround due to its strength in the food retail business and its loyal customer base, the long-term prospects for the business appear to be sound.

Marks and Spencer could prove to be a strong recovery stock. The UK’s economic outlook may be more positive than investors are pricing in, with high employment levels and wage growth being ahead of inflation at the present time. As such, after a tough year, the company could offer investment potential.

The post Marks and Spencer share price: FTSE 100 bargain or a value trap? appeared first on The Twelfth Magpie.

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Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

With that in mind, here are two shares that could offer upbeat prospects. Their financial outlooks appear to be robust, and they could offer investment potential over a multi-year timeframe.

Margin of safety

Reporting on Thursday was London-focused real estate investment trust (REIT) Great Portland Estates (LSE: GPOR). The company’s trading in the quarter to 30 June 2018 was positive, with it signing 11 new lettings at an annual rent of £2.5m. It also settled nine rent reviews which secured £5m per annum, 20.8% above the previous passing rents. There remains a reversionary potential of 9.2%, which the company is set to exploit over the medium term.

Although macroeconomic conditions remain uncertain ahead of Brexit next year, the prospects for the company appear to be encouraging. It has experienced positive occupier interest across its three newly-committed development schemes. They are already 11% pre-let, while the company’s development programme continues to progress as planned.

With a price-to-book (P/B) ratio of 0.8, Great Portland Estates appears to be undervalued at the present time. This helps to reduce its overall risk from an investment perspective, while bottom-line growth forecasts of 7% per annum in each of the next two years indicate that it could deliver a rising share price. With a strong asset base and sound strategy, it could offer high total return potential.

Improving outlook

With the FTSE 100 making gains in recent years, it is unsurprising that some shares have high valuations. One example is consumer goods company Reckitt Benckiser (LSE: RB), with it having a price-to-earnings (P/E) ratio of 19.4. This may suggest to some investors that it is overvalued, but the reality is that the company could enjoy stunning growth in the long run.

The acquisition of Mead Johnson and the subsequent restructuring that has been undertaken by the company could offer growth catalysts in future. With demand for consumer goods in China and elsewhere in the emerging world forecast to rise, Reckitt Benckiser may be able to capitalise on the investment it has made in such areas in recent years.

With the company’s bottom line forecast to rise by 7% in the next financial year, it continues to perform relatively well. Its diverse mix of brands and geographic exposure could help the reduce risk, while its growth potential means that possible rewards could be high. As a result, it may be a worthwhile investment – even though there are likely to be cheaper options available elsewhere in the FTSE 100.

The post Why I’d buy this secret growth star alongside this FTSE 100 growth share appeared first on The Twelfth Magpie.

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Peter Stephens owns shares of Reckitt Benckiser. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Property income 

In recent years, the company has been selling rather than adding assets to its portfolio, taking advantage of the buoyant demand for London property. After this pruning, the firm has “the financial strength to exploit any market weakness where we unearth it” according to CEO Toby Courtauld, who was commenting on the full-year results for the group, which were published today. 

Further, the company believes that while the London property market has been lacking “clear direction,” the property manager is not bracing for a slump in asset values, no matter what the result of Brexit negotiations. “Whatever the outcome, we expect London to remain a truly global city,” today’s update notes.

Indeed, Great Portland has not experienced the slump in asset values many analysts were predicting following the Brexit vote. According to today’s figures, the group’s net asset value per share rose 5.8% to hit 845p (compared to the current price of 670p) at the end of March. And the annual rent roll increased 7% year-on-year to £107.3m on a like-for-like basis, which excludes property sales. 

The FTSE 250 company said it made a pre-tax profit of £76.7m, against a loss of £140.2m in the previous year when property values declined. 

Based on these numbers, management has hiked the final dividend for the year by 14.1% to 7.3p giving a full-year dividend yield of 1.7%. This distribution might not seem that appealing at first, but the company has a record of returning excess cash from developments to investors via special dividends. In 2018 the business has already returned £416m in extra cash to investors via a £110m special dividend and £306m B share scheme. 

As Great Portland continues to sell development assets into a healthy market, I expect the firm’s record of cash returns to continue.

Infrastructure investment 

Another defensive business that I believe could be an excellent income investment for your retirement portfolio is infrastructure investor 3i Infrastructure (LSE: 3IN). 

3i has a long established record of achieving impressive returns for investors. At the beginning of May, it posted a 28.6% total return on shareholders’ opening funds in the year to end-March on its growing range of corporate and infrastructure investments.

Asset sales helped the firm achieve the bulk of this return and fund a special dividend for investors of £425m. 3i was able to distribute this cash as well as investing an additional £525m in new enterprises such as Alkane Energy, a business generating power from coal mine methane gas.

As investments, 3i and Great Portland are relatively similar. They both invest in tangible assets, with a long-term outlook and the goal of producing both income and capital gains for investors. 

And like Great Portland, shares in 3i also look cheap. The last reported net asset value was 211p, only slightly below the current share price of 230p. Meanwhile, the stock supports a dividend yield of 4.5%, which is attractive enough even without including any special distributions.

The post Two defensive income stocks I’d buy and hold forever appeared first on The Twelfth Magpie.

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Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Today the company showcased its strengths by announcing that it will pay a special dividend to investors on top of hiking its ordinary payout for 2017, thanks to a strong year for London property. 

Special dividend 

The trust saw its asset value per share rise by 4.6% in the year to 3,716p, from 3,551p a year before. Net rental income rose 10% to £161.1m and Derwent achieved a total property return of 8%, ahead of the MSCI IPD Central London Offices Quarterly Index of 7.1%. Its property vacancy rate at the end of December was just 1.3%. 

Off the back of these results, management has declared a final dividend of 42.4p, up 10% year-on-year, taking its total dividend for the year to 59.7p, up 14% on the year before. In addition to hiking its regular payout, the group also announced a special dividend of 75p per share paid out due to “several value-enhancing transactions” announced back in February 2017. 

Commenting on these figures, CEO John Burns said: “The London office market continues to be resilient with good occupier and investment demand.” And based on this outlook, I believe that this real estate investment trust is a great asset for any investor who wants to protect their portfolio from further market declines. 

Protecting your portfolio

Property, particularly London property, is an extremely defensive asset, and the returns are not correlated to equities, indicating that if markets fall, Derwent shareholders should continue to profit. 

Based on today’s figures from the company, the shares are currently trading at a price-to-book value of 0.8 and support a dividend yield (including the special distribution) of 4.4%. 

Another London property play that I believe can protect your portfolio from additional market declines is Great Portland Estates (LSE: GPOR). Like Derwent, Great Portland wants to return extra cash to investors this year after a successful 2017. The company is planning a special dividend of 94p per share later this year following the £306m sale of commercial properties. Management has decided to go down this route as the group is extremely well capitalised with a pro forma loan to value ratio of only 7%. 

A lack of debt, coupled with a balance sheet stuffed full of London property freeholds only reinforces my view that this is a great defensive investment. However, despite the company’s defensive nature, it trades at a discount to book value per share with the last reported net asset value being 813p.

At the time of writing, this implies that the stock is trading at a price-to-book value of 0.8, although this calculation does not include any adjustments from the return of value planned. 

The special dividend alone is equivalent to a dividend yield of just under 15% for 2017.

The post 2 investment trusts to protect your portfolio if markets crash appeared first on The Twelfth Magpie.

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Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Today I’m going to take a closer look at two potential 20-year stocks I’ve found on the London market. One is a £2bn FTSE 250 firm, while the other is a little smaller at £470m.

Safer than houses?

My first stock is London property group Great Portland Estates (LSE: GPOR). Shares in this 60-year old FTSE 250 company edged higher this morning, after it upgraded its rental growth guidance for the year.

You might think that property is too much of a ‘boom and bust’ sector for a long-term buy-and-hold position. I’m not sure that’s correct.

Owning prime real estate in London has proved to be a profitable strategy over very long periods of time. Although the property market is undoubtedly quite expensive at the moment, Great Portland’s share price already reflects a degree of caution. The group trades at a 25% discount to its EPRA net asset value of 813p per share.

Prime income appeal

Today’s figures from Great Portland Estates show a 1% rise in portfolio value and rental growth of 0.7% during the six months to 30 September. The group’s EPRA earnings — an industry-standard measure — rose by 11.7% to £31.6m, compared to the same period last year.

EPRA earnings per share climbed 15.7% to 9.6p, while the interim dividend was lifted 8.1% to 4p per share.

A further attraction is the group’s prudent approach to borrowing. Today’s results show that the portfolio’s loan-to-value ratio has fallen to just 15.4%, with a weighted average interest rate of only 2.7%.

Although the forecast dividend yield is only 1.8%, I see this as a slow-burning winner over long periods. I’d be likely to view any major share price crash as a buying opportunity, rather than a concern.

What about growth?

Great Portland’s focus on London may mean that growth opportunities are limited. If this concerns you then my second stock may be of more interest. Picton Property Income (LSE: PCTN) is a company you may not be familiar with.

Its focus is on commercial property such as industrial estates and office parks in towns and cities across the UK. Top 10 tenants include DHL, B&Q and publisher Random House. I think it’s probably fair to say that Picton’s properties are a good proxy for the UK economy as a whole, excluding the London-focused financial sector.

With a market cap of about £450m, Picton is smaller than Great Portland. Its borrowing costs are slightly higher at 4.1%, and it also carries a little more debt, with a loan-to-value ratio of 28%.

However, I don’t see these figures as a concern in this context. The group’s like-for-like rental income rose by 4.4% during the first half, while occupancy is higher, at 95%.

Picton shares currently trade in line with their net asset value of 86p, and offer a 4% dividend yield. I believe this stock could be worth tucking away for a few years — or longer — for income investors.

The post 2 dividend stocks I’d buy and hold for the next 20 years appeared first on The Twelfth Magpie.

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Roland Head has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Finding investments which offer a mix of value and growth potential can be tough. The task is arguably more difficult now that asset prices have risen sharply in recent years, since it means that growth prospects are generally priced-in by investors.

Despite this, there are a number of investment opportunities which could boost your retirement prospects. Here are two prime examples of investment trusts that may deliver high total returns over an extended period.

Improving outlook

Releasing a quarterly update on Tuesday was Great Portland Estates (LSE: GPOR). The real estate investment trust (REIT) signed 17 new lettings across 75,500 sq ft during the quarter. This will generate a combined annual rent of £5.3m, which takes its combined annual rent on new lettings since the start of the financial year to £11.3m. The company also settled 11 rent reviews in the quarter, which secured £4.9m of rent. This is 8.7% ahead of the current market rental value and shows that the company is making strong progress.

Looking ahead, the outlook for UK commercial property is rather uncertain. On the one hand, Brexit continues to cause confidence in the sector and the wider UK economy to decline. This may cause rental growth and asset price growth to come under pressure. However, on the other hand a loose monetary policy looks set to remain in place, and this could help to support economic and asset price growth.

With Great Portland Estates forecast to post a rise in its bottom line of 13% in the next financial year, its outlook seems to be positive. The company trades on a price-to-book (P/B) ratio of 0.75, which suggests there is a wide margin of safety on offer as well as a very attractive risk/reward ratio.

Income potential

Another REIT offering an upbeat outlook is Hammerson (LSE: HMSO). The company could see its shares become increasingly popular if inflation remains stubbornly high. It has a dividend yield of 4.8% at the present time from a shareholder payout which is covered 1.2 times by profit. This suggests that there could be further growth in its dividends – especially since its earnings are forecast to rise by 5% to 6% per annum over the next two years. In fact, dividend growth could easily keep up with inflation without hurting the company’s financial stability.

With a P/B ratio of 0.7, Hammerson also offers strong value credentials. Although it may take time for its valuation to increase, it could easily rise by 50% based on its current net asset value without making the stock overpriced. Certainly, commercial property may offer relatively little in terms of defensive characteristics in the short run. However, in the long run it is likely to see prices rise and this could catalyse Hammerson’s share price and lead to strong growth over a multi-year time period.

The post 2 high-growth investment trusts I’d buy to supercharge my retirement appeared first on The Twelfth Magpie.

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Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

However, looking at the company’s current valuation, you could be forgiven for thinking that the market does not think much of the firm’s prospects. Indeed, at the time of writing, shares in Great Portland are changing hands for a little less than 600p each, compared to the net asset value of around 700p. This indicates that you can get your hands on a portfolio of highly sought-after central London property at a discount of around 15% to market prices.

Business as usual 

According to a trading update issued by Great Portland today, it looks as if the underlying business is performing well despite the market’s sentiment towards the firm. For the quarter to 30 June management signed 20 new lettings, generating an annual rent for the business of £6bn. Further, 10 rent reviews were settled during the period for an extra £3.8m per annum. The fact that these reviews resulted in rents being set 62% above previous passing rent levels shows that there is still strength in the London property market.

A total rent roll of £115.9m was recorded for the period, up 5.7% during the quarter with a vacancy rate of 6.5%. As well as these developments, Great Portland announced some new property purchases and development plans designed to improve the yield on the group’s property portfolio. At the end of the period, the company had a conservative loan-to-value debt ratio of 14.1%.

No income 

It looks as if it’s business as usual for Great Portland and if you’re looking to buy into the London commercial property boom, the shares look to be a steal at current prices. 

The one thing Great Portland does not offer, but many of its peers do, is an attractive dividend yield. At the time of writing the shares support a yield of 1.8%, well below British Land’s (LSE: BLND) current yield of 5.1%.

A better buy? 

If you’re looking for a property company with exposure to London, trading at a discount to net assets and that offers a healthy dividend yield, then British Land could be the one. The company owns a selection of properties in London as well as around the rest of the UK. 

Concerns about the state of the UK property market, and in particular the commercial real estate market, have sent the real estate investment trust’s shares sliding and they currently trade around 30% below their 2015 peak. 

However, after these declines, the shares trade at a discount of around 30% to the group’s net asset value of 915p as reported for the year ended 31 March. This discount makes the shares marginally more attractive than those of Great Portland, as while Great Portland owns a portfolio of prime London property, British Land is both cheap and supports a sector-leading dividend yield. 

If you’re looking for a bargain in the property sector, it might be worth taking a further look at British Land.

The post Time to buy these undervalued stocks trading at deep discounts? appeared first on The Twelfth Magpie.

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Rupert Hargreaves has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.