Grainger Dividends - GRI

Grainger Dividends - GRI

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Stock Name Stock Symbol Market Stock Type
Grainger Plc GRI London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
4.60 1.55% 302.00 16:35:28
Open Price Low Price High Price Close Price Previous Close
291.60 291.60 304.20 302.00 297.40
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Industry Sector

Grainger GRI Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

tomps2: PIWORLD interview with Paul Jourdan, Amati Global Investors mentions Grainger (GRI) at 20m33s see here: Video: Https:// Podcast: Https://
steve3sandal: Thank you. It’s a Risk and despite the obvious homeless problem I’m inclined to the view that roofs will be kept over peoples heads via furlough, Universal Benefits, etc Perhaps still an overhang from Feb 20 Placing, regular tapping of equity holders for development funds, modest dividend. It’s one of the few problem children of mine and I’m hoping a discussion would help me make up my mind. Instinctively I like buying things that haven’t gone up yet, but it doesn’t always work.
paleje: IC have them as one of their Tips of the Week. IC Tip: Buy at 302p Tip style GROWTH Risk rating MEDIUM Timescale LONG TERM Bull points Rental income growing Rising demand for rented homes Takeover potential Shares trade below forecast NAV Bear points Exposure to UK housing market Slim dividend yield By Emma Powell Grainger (GRI) reached a pivotal moment in its evolution into private rental developer and landlord at the end of last year. The value of its private rental assets surpassed that of its portfolio of regulated tenancy homes following 2018’s £396m acquisition of the remaining 75 per cent stake in GRIP real estate investment trust that it did not already own. That means the group is forecast to earn more money from rental income than lumpier trading profits, which are generated from development work and selling vacated regulated-tenancy homes. This is particularly pertinent against the backdrop of weakening sales transaction volumes. GRI:LSE Grainger PLC 1mth Today change -0.50% Price (GBP) 312.42 The affordability challenges of buying a home have driven demand for private rented sector (PRS) homes, which accounted for 20.6 per cent of UK households in 2019, according to research by the Office for National Statistics, up from 13 per cent in 2007. That figure is forecast by estate agency Knight Frank to rise to 22 per cent by 2023. High demand for Grainger’s PRS assets is evident in an occupancy rate of 97.5 per cent as of the end of September. That – coupled with rent reviews on its regulated tenancies – helped boost rental income on a like-for-like basis by 3.6 per cent. The rate of underlying rental growth for the PRS portfolio accelerated to 3.4 per cent last year, up from 3 per cent in 2018. Grainger’s PRS portfolio consists of 5,597 homes, representing 58 per cent of the total asset base. This is expected to grow to 76 per cent if all 9,104 homes in the pipeline are built. The group aims to secure rental income at gross yields on cost of between 6 and 7.5 per cent on that pipeline. Around 1,000 of these homes are expected to be delivered in 2020, which would add £6m in annual rental income. A joint venture with Transport for London, established last year, could result in the group providing an additional 3,000 homes – and gaining £24m in annual rental income – by 2025. In total, the pipeline has the potential to lift net rent by 141 per cent to £169m at an estimated development cost of £2bn. Deriving a greater proportion of income from rent, rather than from selling homes, should also feed through to greater dividend payments, given management has pledged to pay out 50 per cent of net rental income to shareholders each year. Analysts at Panmure Gordon forecast an annual dividend of 8.2p a share by 2022, 58 per cent higher than last year and representing a 2.7 per cent yield. This is based on net rental income reaching around £100m that year, against trading profits of £67m. That shift should also increase the security of dividend payments, although the company will still have exposure to the fortunes of the UK residential housing market. Profits from property disposals were down 17 per cent last year, although management said that was due to a lower vacancy rate, with the time it took for properties to sell stable at 111 days. The final ‘development for sale’ contract was completed last year, and Grainger will now focus on developing investment assets to retain for the long term. These assets are typically built by third-party developers and forward-funded by Grainger, which makes building less capital intensive. In an environment where interest rates show no sign of being raised in the near term, institutional investors searching for yield have flocked to the UK’s private rented sector, seeing opportunity in the chronic lack of rental housing stock. By the end of June 143,000 homes were completed or in planning, according to research by Savills, up from just 15,000 in the pipeline at the start of 2013. Given Grainger’s existing PRS management platform and expertise, that could make the group a potential takeover target for a large global institutional investor. The sector has already grabbed the attention of CBRE, the world’s largest real estate services group, after it entered the PRS market in July by agreeing the £267m takeover of Telford Homes, a housebuilder that had shifted its focus from building homes for private sale to constructing rental developments for large investors.
steve3sandal: I can confirm you are not alone. A significant part of my SIPP sits here waiting patiently for a higher dividend. Politically and demand wise they are in a great space, though locking in initial development yields of 7% means there is little scope for misjudgement. I first bought here at 114p perhaps 10 years ago and I was quite full before the Dec 18 rights issue. Taking that up caused me and the share price some indigestion, but yes nicely ahead since, though it's only about 25% on the ex rights price which was around 230p IIRC. Good luck all.
lozzer69: Shares down on results and Rights Issue. Still think GRI are a good hold and in the right area of current property market.
shauney2: Crystal Amber have gone below 3% From citywire UK activist investor Richard Bernstein reduced his holding in the UK’s largest listed residential landlord Grainger (GRI), which recently reported a 39% jump in earnings growth, benefiting from record levels of renting. Bernstein and co-manager Jonathan Marsh reduced their stake to below 3% of the business. The company’s share price is up 19.5% over the last six months. The shares are held in their £214.5 million Crystal Amber fund. Grainger recorded a 13% rise in pre-tax profits in the six months to 31 March to £41.2 million, from £36.6 million year-on-year. In its half-year results, CEO Helen Gordon said the company is expecting to complete a new private rental sector building every two months over the next year and has secured £439 million from a total £850 million target set for 2020. She added: ‘Our strategy to grow rents and simplify and focus the business puts Grainger in a strong position to deliver further sustainable income led growth.’
shauney2: Buy in todays IC "Forget the old Grainger (GRI), the manager of a stodgy regulated-tenancy property portfolio, and say hello to a transformed operation focused on the private rental sector (PRS), currently one of the hottest parts of the housing market. With a chronic shortage of new housing, demand for rental accommodation is growing all the time, and Grainger is more than halfway towards its aim of investing £850m by 2020"
coby4: indeed, they have reduced exposure in the regions which is ironic as much of their new PRS investment appears to be in that direction. interesting that the last six months sales were only 2% above their last September's valuation - the lowest increase I've seen for a long time. good to see the increasing dividend though
brummy_git: Yes, so you just need to read the latest update. The number I suspect you're looking for is the EPRA NNNAV - or 295p/share.
sellingtops: Ahead of FY16 earnings The Co. have been quite positive of late, stating good rental growth has continued, our sales performance has remained strong. Co. expect to report modest growth in market value of our property assets in second half of year and expect to report high single digit year-on-year growth in NNNAV for full year. In terms of price action we are at the mean value area on the daily chart but on the 1HR chart we are currently above value. A good result will surly push price into a new distribution area at the 230 level but the 226.26 level could provide some resistance. On the downside the key support will be at the value are of 220.30 and the low of 214.42 hxxps://
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