The earnings call showcased Grainger's strong financial and operational performance, highlighted by significant earnings growth, high occupancy, and successful conversion to REIT status. Despite challenges with increased overhead and interest costs, the strategic outlook remains positive with solid growth projections and robust market fundamentals.

Company Guidance

In the recent call, Grainger provided a robust outlook for its fiscal performance, emphasizing its sustained growth and strategic positioning. The company reported a 12% increase in net rental income and a 12% rise in EPRA earnings, with occupancy reaching a high of 98.1% and like-for-like rental growth at 3.6%. Grainger aims for GBP 60 million in earnings by 2026 and GBP 72 million by 2029, representing a 50% growth from 2024. The company is focused on maintaining a strong balance sheet, with plans to reduce net debt by GBP 300-350 million over the next four years. With a fully integrated operational platform and a sector-leading portfolio, Grainger highlights its resilience against higher interest rates, targeting a dividend increase of 10% and maintaining an EPRA NTA of 298p per share. The company's commitment to high-quality homes and strong customer service underpins its growth strategy, supported by a capital allocation strategy aimed at maximizing shareholder returns.

Strong Earnings and Growth Projections

Grainger is targeting GBP 60 million of earnings in full year '26 and GBP 72 million by full year '29, a 50% growth from full year '24. This is driven by sustainable rental growth outlook and strong underlying fundamentals.

Outstanding Financial Performance

Net rental income is up 12%, like-for-like rental growth is up 3.6%, and earnings have grown by 12%. Dividend growth is at 10%, and NTA remains resilient at 298p per share.

High Occupancy and Customer Retention

Achieved high occupancy at 98.1% with strong customer retention at 61%, and customers are paying below market average on rent, indicating good affordability.

Conversion to REIT Status

Grainger successfully converted to REIT status, which eliminates corporation tax on profits from the build-to-rent business, expected to generate GBP 15 million of savings in the first year alone.

Grainger (GB:GRI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:GRI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 14, 2026	2026 (Q2)	- / -	0.051	―	―	―
Nov 20, 2025	2025 (Q4)	- / 0.20	0.072	175.00% (+0.13)	―	―
May 15, 2025	2025 (Q2)	- / 0.05	0.045	13.33% (<+0.01)	―	―
Nov 21, 2024	2024 (Q4)	- / 0.07	0.054	33.33% (+0.02)	―	―
May 16, 2024	2024 (Q2)	- / 0.04	0.049	-8.16% (>-0.01)	―	―
Nov 22, 2023	2023 (Q4)	- / 0.05	0.208	-74.04% (-0.15)	―	―
May 11, 2023	2023 (Q2)	0.05 / 0.05	0.05	-2.00% (>-0.01)	―	―
Nov 17, 2022	2022 (Q4)	0.10 / 0.21	0.102	103.92% (+0.11)	―	―
May 12, 2022	2022 (Q2)	0.05 / 0.05	0.045	11.11% (<+0.01)	―	―
Nov 18, 2021	2021 (Q4)	- / 0.10	0.078	30.77% (+0.02)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:GRI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 20, 2025	188.60p	180.40p	-4.35%
May 15, 2025	210.78p	216.70p	+2.81%
Nov 21, 2024	214.21p	224.34p	+4.73%
May 16, 2024	259.80p	252.16p	-2.94%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Grainger PLC (GB:GRI) report earnings?

Grainger PLC (GB:GRI) is schdueled to report earning on May 14, 2026, TBA (Confirmed).

What is Grainger PLC (GB:GRI) earnings time?

Grainger PLC (GB:GRI) earnings time is at May 14, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Grainger PLC stock?

The P/E ratio of Grainger is N/A.

What is GB:GRI EPS forecast?

Currently, no data Available

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing