Grainger (GB:GRI) has released an update.
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Grainger PLC, the UK’s largest listed private rental homes provider, has reported robust expansion with the addition of 1,113 new homes and a strong like-for-like rental growth of 6.3% for the financial year 2024. With high occupancy rates at 97.4% and substantial proceeds from non-core asset sales amounting to £274m, the company is well-positioned for sustained growth and is set to become a REIT by October 2025. The favorable political climate with the Labour Government opposing rent controls and advocating for increased housing supply bolsters Grainger’s strategic positioning.
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