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Grainger PLC (GRI.L)

GRI.L on London Stock Exchange

276.60GBp
19 Feb 2018
Change (% chg)

-0.80 (-0.29%)
Prev Close
277.40
Open
275.60
Day's High
277.20
Day's Low
274.00
Volume
284,030
Avg. Vol
957,642
52-wk High
301.60
52-wk Low
243.05

Latest Key Developments (Source: Significant Developments)

Grainger says FY pre-tax profit up 2 pct
Thursday, 30 Nov 2017 02:20am EST 

Nov 30 (Reuters) - GRAINGER PLC ::FINAL DIVIDEND 3.26 PENCEPER SHARE.TOTAL DIVIDEND 4.86 PENCEPER SHARE.‍FY NET RENTAL INCOME UP 8% TO £40.4M VERSUS £37.4M MILLION YEAR AGO.FY ‍PROFIT BEFORE TAX UP 2% TO £86.3M VERSUS £84.2M YEAR AGO​.‍FY EPRA NNNAV UP 5.6% TO 303P VERSUS 287P YEAR AGO​.  Full Article

Grainger ‍acquires 192-home stabilised prs portfolio in Manchester
Friday, 24 Nov 2017 02:00am EST 

Nov 24 (Reuters) - GRAINGER PLC ::‍ACQUIRES A 192-HOME STABILISED PRS PORTFOLIO IN MANCHESTER FOR £26 MLN​.ACQUIRED STABILISED PORTFOLIO OF THREE BLOCKS, IN MANCHESTER, COMPRISING 192 PRIVATE RENTED SECTOR (PRS) HOMES, FOR £26 MLN​.  Full Article

Grainger expects to report FY adjusted earnings of approaching 70 mln STG
Wednesday, 27 Sep 2017 02:00am EDT 

Sept 27 (Reuters) - Grainger Plc :EXPECT TO REPORT FY ADJUSTED EARNINGS OF APPROACHING £70M.FY SALES OF VACANT PROPERTIES HAVE BEEN ACHIEVED AT C.2% AHEAD OF SEPTEMBER 2016 YEAR END VACANT POSSESSION VALUE.SEEN LIKE-FOR-LIKE RENTAL GROWTH ACROSS PORTFOLIO OF 3.7% FOR ELEVEN MONTHS TO END OF AUGUST..EXPECT TO REPORT A GROSS TO NET PROPERTY OPERATING COST FOR FULL YEAR OF AROUND 26%..ARE ALSO ON TRACK TO ACHIEVE £27.5M OVERHEADS TARGET.  Full Article

Grainger to acquire Private Rented Sector, build-to-rent development at Gore Street In Salford
Tuesday, 29 Aug 2017 02:00am EDT 

Aug 29 (Reuters) - GRAINGER PLC ::£80M BUILD-TO-RENT SCHEME IN SALFORD TO DELIVER 375 PRS HOMES.SITE IS ANTICIPATED TO COMPLETE IN 2020.HAS CONDITIONALLY AGREED SUBJECT TO PLANNING TO ACQUIRE A PRIVATE RENTED SECTOR (PRS), BUILD-TO-RENT DEVELOPMENT AT GORE STREET IN SALFORD.  Full Article

Grainger's Grip REIT joint venture agrees to acquire 139 home build
Tuesday, 1 Aug 2017 02:00am EDT 

Aug 1 (Reuters) - GRAINGER PLC ::SAYS ITS GRIP REIT JOINT VENTURE WITH APG HAS AGREED TO FORWARD FUND AND ACQUIRE 139 HOME BUILD TO RENT FROM HIGH STREET GROUP FOR £30.5M.  Full Article

Grainger half-year earnings rise
Friday, 19 May 2017 02:00am EDT 

May 19 (Reuters) - Grainger Plc :Half year results.HY net rental income up 11 pct to 20.0 mln stg (HY16: 18 mln stg).HY adjusted earnings* up 39 pct to 34.1 mln stg (HY16: 24.5 mln stg).HY profit before tax up 13 pct to 41.2 mln stg (HY16: 36.6 mln stg).HY dividend per share up 10 pct to 1.60p (HY16: 1.45p).HY EPRA NNNAV up 8 pence per share or 3 pct since year end to 295 pence (FY16: 287 pence).HY like-for-like rental growth across our entire portfolio of 3.5 pct in first six months.Good progress on prs pipeline with 439 mln stg of our 850 mln stg investment target secured, and a further 425 mln stg in planning or legal process."Expect a further strong trading performance in second half of year and lead indicators point to a robust performance for year as a whole"."Will retain our selective and disciplined approach and remain focused on returns as we move towards securing our 850 mln stg PRS investment target by 2020".  Full Article

Grainger reports total LFL rental growth of 3.4 pct year to date
Wednesday, 8 Feb 2017 02:00am EST 

Grainger Plc : Good start to year and positive private rented sector ("PRS") market conditions . 3.4 pct total like-for-like rental growth year to date .Expect first half volumes to return to normal levels this year.  Full Article

Grainger says Brexit uncertainty has not impacted its sales pipeline
Thursday, 1 Dec 2016 02:00am EST 

Grainger Plc : Full year results for year ended Sept. 30, 2016 . Refocused and simplified business delivers strong earnings growth and a 64 pct increase in dividend . Net rental income up 15 pct to £37.4m (FY15: £32.4m) . Profit before tax up 64 pct to £84.2m (FY15: £51.4m) . EPRA NNNAV growth of 9 pct to 287p (FY15: 263p) . Total return (return on shareholder equity) of 10.6 pct (FY15: 10.0 pct) . We look forward to an exciting and profitable future ahead . Brexit vote was seen to have a negative impact on housing market but was not evidenced in our sales pipeline .PRS sector is widely regarded as one of most resilient real estate classes post EU referendum.  Full Article

Grainger commits to build-to-rent scheme on Leeds Riverside
Friday, 30 Sep 2016 03:15am EDT 

Grainger Plc : Commit to landmark build-to-rent scheme on Leeds Riverside to deliver c.250 prs homes . Agreed to forward purchase a private rented sector for c.40m stg from YP Real Estate .Scheme is expected to complete in 2019 and is anticipated to generate a gross yield on cost approaching 7 pct once fully let.  Full Article

Grainger says performance in sales in line with management expectations
Thursday, 11 Aug 2016 02:00am EDT 

Grainger Plc : Update on trading for ten months to 31 July 2016 . Says 91 mln stg of revenue from sales of vacant properties over period (July 2015: 81 mln stg) . Says sales pipeline of 188 mln stg (July 2015: 172 mln stg) . Says started construction of our 100 mln stg Clippers Quay Scheme in Salford (614 homes) .Says continued high levels of demand for UK private rented sector homes (PRS), with good lettings and levels of rental growth.  Full Article

BRIEF-Grainger Posts 3 Pct LFL Rental Growth Year To Date On PRS Homes​

* ‍3.0% LIKE-FOR-LIKE RENTAL GROWTH YEAR TO DATE ON PRS HOMES​ ​