Real Estate
IWG Shares Tumble as Profit Seen at Lower End of Guidance Range
An office building in London.
Photographer: Chris Ratcliffe/BloombergShares of International Workplace Group Plc plunged the most in three years after the flexible-office landlord said earnings for the full financial year would likely be at the lower end of its guidance because of investments.
The company, which owns brands including Regus and Spaces, said Tuesday in a filing that adjusted Ebitda for 2025 is likely to be at the lower end of the $525 million - $565 million range. Shares fell as much as 17% in London, the biggest intraday loss since Aug. 9, 2022, according to data compiled by Bloomberg.