Grainger plc

Equities

GRI

GB00B04V1276

Real Estate Development & Operations

Market Closed - London S.E. Other stock markets 11:35:16 2024-04-26 am EDT			5-day change	1st Jan Change
259 ^GBX	+1.97%		+2.57%	-2.04%

Apr. 12	JPMorgan raises Taylor Wimpey, Persimmon	AN
Feb. 07	London shares subdued due to lower metal prices

Grainger maintains trading momentum with record occupancy

June 27, 2023 at 03:54 am EDT

Grainger PLC - Newcastle Upon Tyne, England-based residential property developer and landlord - Says trading momentum continues, with spot occupancy at 98% at the end of May. Reports like-for-like rental growth of 7.1% to the year to date, up from 6.8% in the first half of financial 2023. Adds sales performance remains resilient, with vacant sales volumes ahead of this time last year.

Current stock price: 226.80 pence, up 1.1% on Tuesday morning in London

12-month change: down 21%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Grainger plc

JPMorgan raises Taylor Wimpey, Persimmon	Apr. 12	AN
London shares subdued due to lower metal prices	Feb. 07
Grainger touts "exceptionally high" demand as rental growth continues	Feb. 07	AN
Grainger Sees Acceleration in Four-month Total Rental Growth	Feb. 07	MT
Fitch Affirms Grainger's Rating With Stable Outlook	Feb. 05	MT
JPMorgan raises Rio Tinto to 'overweight'	Dec. 12	AN
Berenberg Starts Grainger Coverage with Buy Recommendation	Nov. 30	MT
Citi and Peel up B&M; JPMorgan cuts 888	Nov. 30	AN
Grainger celebrates "outstanding year" with income and dividend boost	Nov. 22	AN
Grainger Partners with Network Rail, Bloc Group JV for Build-to-Rent Project	Nov. 22	MT
Transcript : Grainger plc, 2023 Earnings Call, Nov 22, 2023	Nov. 22
Grainger Posts Decline in FY23 Attributable Profit, Revenue	Nov. 22	MT
Earnings Flash (GRI.L) GRAINGER Reports FY23 Revenue GBP267.1M	Nov. 22	MT
Earnings Flash (GRI.L) GRAINGER Reports FY23 EPS GBX3.50	Nov. 22	MT
Network Rail, Bloc Group, and Grainger Create New Build-To-Rent Partnership Across Great Britain	Nov. 22	CI
Grainger plc Reports Earnings Results for the Full Year Ended September 30, 2023	Nov. 21	CI
JPMorgan lifts Smith & Nephew	Nov. 03	AN
Grainger celebrates annual rental growth, backed up by "robust" sales	23-10-05	AN
Grainger Forecasts Rental Growth, Record Occupancy in FY23	23-10-05	MT
Vistry selected for London and Milton Keynes home projects	23-09-05	AN
ScS names finance chief successor, effective in early September	23-07-04	AN
Grainger maintains trading momentum with record occupancy	23-06-27	AN
UK Residential Landlord Grainger Posts Higher Eight-month Rental Growth	23-06-27	MT
Barclays Upgrades Grainger to Overweight from Equalweight; Raises PT	23-06-21	MT
Barclays cuts Rathbones, but raises Grainger	23-06-21	AN

Chart Grainger plc

Duration

Period

More charts

Company Profile

Grainger PLC is a United Kingdom-based company that designs, builds, develops, owns and operates rental homes in the United Kingdom. The Company is focused on the United Kingdom build-to rent and private rented sector. It owns and manages approximately 10,208 rental homes across the United Kingdom in various cities from Newcastle to London. It provides modern private rental homes, and it also has a portfolio of homes on regulated tenancies, as well as a number of affordable homes. Its private rented sector (PRS) portfolio consists of rental homes where customers pay market rents. Its core product is mid-market homes that are affordable for local people. The Company's PRS segment includes stabilized PRS assets as well as PRS under construction due to direct development and forward funding arrangements, both for wholly owned assets and the Company's interest in joint ventures and associates as relevant. Its Reversionary segment includes regulated tenancies, as well as CHARM.

Sector

Real Estate Development & Operations

Calendar

2024-05-16 - Q2 2024 Earnings Release

More about the company

Income Statement Evolution

More financial data

Ratings for Grainger plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.59 GBP

Average target price

3.029 GBP

Spread / Average Target

+16.95%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Residential Real Estate Development

	1st Jan change	Capi.
GRAINGER PLC	-2.04%	2.38B
AKELIUS RESIDENTIAL PROPERTY AB	+9.02%	10.79B
CHINA VANKE CO., LTD.	-34.32%	10.32B
DEUTSCHE WOHNEN SE	-28.99%	7.2B
VINHOMES	-5.56%	7.01B
VINGROUP	-0.34%	6.53B
LEG IMMOBILIEN SE	-3.03%	6.09B
IIDA GROUP HOLDINGS CO., LTD.	-5.92%	3.54B
OPEN HOUSE GROUP CO., LTD.	+12.96%	3.57B
TRICON RESIDENTIAL INC.	+27.36%	3.32B

Residential Real Estate Development