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Grainger Achieves Rapid Lease-Up at Oxford BTR Development

Story Highlights
  • Grainger plc achieved full lease-up of The Kimmeridge in Oxford within seven months.
  • This success reinforces Grainger’s leadership and strategic investment in the build-to-rent sector.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Grainger Achieves Rapid Lease-Up at Oxford BTR Development

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Grainger ( (GB:GRI) ) has issued an update.

Grainger plc has successfully achieved full lease-up of The Kimmeridge, its flagship 150-home build-to-rent development in Oxford, within just seven months, surpassing the anticipated 12-month timeline. This milestone underscores the strong demand for Grainger’s high-quality rental homes and reinforces its strategic investment in Oxford, further solidifying its leadership in the build-to-rent sector. The success of The Kimmeridge, which offers extensive amenities and professional on-site services, strengthens Grainger’s confidence in its strategy to deliver long-term returns and dividends for shareholders while meeting the growing demand for rental housing in key UK cities.

The most recent analyst rating on (GB:GRI) stock is a Buy with a £229.00 price target. To see the full list of analyst forecasts on Grainger stock, see the GB:GRI Stock Forecast page.

Spark’s Take on GB:GRI Stock

According to Spark, TipRanks’ AI Analyst, GB:GRI is a Outperform.

Grainger’s strong financial performance and positive corporate events are offset by technical weaknesses and financial risks due to high leverage. The stock’s attractive valuation provides a cushion, making it a balanced investment opportunity.

To see Spark’s full report on GB:GRI stock, click here.

More about Grainger

Grainger plc, founded in 1912 in Newcastle upon Tyne, is the UK’s largest listed residential landlord and a leader in the build-to-rent sector. As a FTSE 250 business and Real Estate Investment Trust (REIT), Grainger provides approximately 11,100 rental homes to over 25,000 customers and has a pipeline of around 4,500 build-to-rent homes worth £1.3 billion. The company collaborates with public sector organizations to deliver new homes and is committed to sustainability, aiming for net zero carbon operations by 2030.

Average Trading Volume: 1,900,758

Technical Sentiment Signal: Sell

Current Market Cap: £1.38B

See more data about GRI stock on TipRanks’ Stock Analysis page.

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