Grainger (GB:GRI) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into GB:GRI stock, check out TipRanks’ Stock Analysis page.
