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United States

Grainger PLC (GRI.L)

GRI.L on London Stock Exchange

265.00GBp
16 Nov 2018
Change (% chg)

-7.80 (-2.86%)
Prev Close
272.80
Open
271.20
Day's High
274.60
Day's Low
260.20
Volume
845,844
Avg. Vol
568,500
52-wk High
323.20
52-wk Low
260.20

Latest Key Developments (Source: Significant Developments)

Grainger To Buy GRIP REIT For 396 Mln Pounds
Wednesday, 14 Nov 2018 02:01am EST 

Nov 14 (Reuters) - Grainger Plc ::ACQUISITION OF GRIP REIT PLC.TO ACQUIRE ENTIRE SHARE CAPITAL AND SHAREHOLDER LOANS IN GRIP REIT FROM ITS JOINT VENTURE PARTNER, APG, FOR 396 MILLION STG.ACQUISITION WILL BE FUNDED BY A 346.7 MILLION STG RIGHTS ISSUE FULLY UNDERWRITTEN BY J.P. MORGAN CAZENOVE AND NUMIS.  Full Article

Grainger Says FY Profit Before Tax 100.7 Mln Stg
Wednesday, 14 Nov 2018 02:01am EST 

Nov 14 (Reuters) - Grainger PLC ::GRAINGER PLC - FY PROFIT BEFORE TAX INCREASED +17% TO £100.7M (FY17: £86.3M).GRAINGER PLC - FY EPRA NNNAV UP +4% TO 316P PER SHARE (FY17: 303PPS).GRAINGER PLC - FY +4.0% LIKE FOR LIKE RENTAL GROWTH ACROSS OUR ENTIRE PORTFOLIO (FY17: 3.8%).GRAINGER PLC - FINAL DIVIDEND OF 3.52P PER SHARE.GRAINGER PLC - ALSO ANNOUNCES A SIGNIFICANT INCREASE IN ITS PRS INVESTMENT PIPELINE TO £1.37BN, AHEAD OF ITS £850M TARGET SET FOR 2020.GRAINGER PLC - ANNOUNCES ITS INTENTION TO RAISE £346.7M THROUGH A PROPOSED RIGHTS ISSUE.  Full Article

Grainger Signs £52M Construction Contract
Tuesday, 18 Sep 2018 02:01am EDT 

Sept 18 (Reuters) - Grainger PLC ::SIGNS £52M CONSTRUCTION CONTRACT ON ITS NEWBURY PRS SCHEME.  Full Article

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

UK's Grainger to buy Grip REIT for $515 million

UK's Grainger Plc said it would acquire Grip REIT plc for 396 million pounds ($514.6 million) to expand in the private-rented sector.