Topped up in the hope of good results tomorrow.
Their rental growth has been strong and the economics of renting should have been in their favour over the last few months with both high wage and rent increases. |
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 |
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. |
Good trading statement... |
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. |
Has anyone seen anything or done any work on the expected dividend Grainger will be paying post move to REIT status please? |
Broker upgrade.
Berenberg starts Grainger with 'buy' - price target 305 pence |
Small acquisition. |
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. |
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. |
Great results and JV with network rail, company definitely going in the right direction.. |
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. |
Very good to see the GRI have already got 2/3 of the lettings taken in the new build in Derby.. |
Nice rise today, let's hope the momentum continues.. |
The anticipation of no more bank rate rises? Property values propped up meaning less chance of property devaluation in the next results? |
Grainger up 6.5% on no news? What is going on? |
Grainger, the largest listed rental landlord in the UK, is upping rents in ‘one of the strongest occupational markets we have seen’. |
Very good update, with 8% rental growth and record occupancy.. |
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.. |
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. |
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. |
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. |
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