Grainger Share Discussion Threads

[hindsight] 07/2/2024 14:11

Issue here was and still is the cost of 1.4bn debt at 3.3% that will reset in 2028/29. But few years of 8.4% will help

[viscount1] 07/2/2024 10:46

8.4% like-for-like rental growth is very good indeed. My investment thesis for Grainger is that they can take advantage of chronic housebuilding shortages and it finally looks like they can do so.

[igoe104] 07/2/2024 07:34

Good trading statement...

[viscount1] 07/12/2023 23:51

Not the percentage, but if they become a REIT they will have to distribute 90%+ of rental profits. So much higher than the current rate.

[pyufak] 07/12/2023 22:23

Has anyone seen anything or done any work on the expected dividend Grainger will be paying post move to REIT status please?

[igoe104] 02/12/2023 17:51

Broker upgrade.

Berenberg starts Grainger with 'buy' - price target 305 pence

[igoe104] 23/11/2023 18:09

Small acquisition.

[steve3sandal1] 22/11/2023 17:01

Only glanced at them today but looking safe as houses then. It's taking time though to grow that dividend and not yet pushing NAV up despite growth in their housing stock. I'm guessing the development value added was lost in valuation reset? Anyhow I'm staying put. GLA.

[viscount1] 22/11/2023 15:25

Seems like good results, great cashflows.

Like for like new lets were 9.2% up on the year which I think shows their pricing power. I had expected even more though given the supposed rental squeeze.

[igoe104] 22/11/2023 07:45

Great results and JV with network rail, company definitely going in the right direction..

[igoe104] 20/11/2023 19:32

Hampshire-based Bargate Homes and parent company VIVID have acquired a 15.3-acre site in Waterlooville, Hampshire from Grainger PLC.

With outline planning consent in place for up to 200 homes, the scheme will be part of Grainger’s wider Berewood Garden Village masterplan which is delivering a total of 2,550 homes and local amenities.

[igoe104] 15/11/2023 12:38

Very good to see the GRI have already got 2/3 of the lettings taken in the new build in Derby..

[igoe104] 14/11/2023 14:45

Nice rise today, let's hope the momentum continues..

[dogwalker] 02/11/2023 11:12

The anticipation of no more bank rate rises? Property values propped up meaning less chance of property devaluation in the next results?

[viscount1] 02/11/2023 10:48

Grainger up 6.5% on no news? What is going on?

[igoe104] 07/10/2023 09:39

Grainger, the largest listed rental landlord in the UK, is upping rents in ‘one of the strongest occupational markets we have seen’.

[igoe104] 05/10/2023 07:19

Very good update, with 8% rental growth and record occupancy..

[igoe104] 21/9/2023 11:43

Added another 5k today. Taken me over 20k investment in GRI. Should be a sound long-term investment, the demand for properties isn't going away..

[igoe104] 12/9/2023 16:39

I've visited the newly built Derby site, very impressive build. Should be a big jump in earnings over the next 18 months. And the debt is capped at a low rate for the next several years.

[steve3sandal1] 15/8/2023 19:00

The share price is all about interest rates. I have a view that they can't officially go much higher and will be lower in 12 months. BOE and Rishi talking them down. Agree the dividend needs to be higher but there is a REIT in plan and Net Rental Income is on a good trend. I'm not giving up.

[giltedge1] 20/7/2023 16:48

Visited a site in Sheffield on 19/07, quite impressed, modern units, fully occupied, large common area, free tea/coffee, meeting room, communal balconies each floor, roof top terrace, pets allowed, concierge services. Pity my visit was after rise. Financials aside run a good business model.

[viscount1] 04/7/2023 08:37

GRI yield will have to go up when it converts to a REIT.

[giltedge1] 04/7/2023 08:12

PRS had a good write up in IC, should also apply to GRI. GRI better in respect of more South East orientation, I think lowish yield puts off some investors, but making good strides in improving portfolio(selling old & building new energy efficient homes) & great locations. Joint venture with TFL right next to stations. I think yield will improve next few years as well.