Grainger plc (GB:GRI) has released an update.
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Grainger plc, the UK’s largest listed residential landlord, reported a robust first half with an 11% increase in net rental income and dividends, and a strong like-for-like PRS rental growth of 8.1%. The company’s high occupancy rate of 97.7% and stable property values underscore the resilience of its platform. Helen Gordon, CEO, highlighted the company’s ongoing strategic transformation to a leading PRS build-to-rent player in the UK, which is expected to culminate in a REIT conversion by October 2025, promising enhanced returns for shareholders.
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