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GRI Grainger Plc

214.50
-1.00 (-0.46%)
Share Name Share Symbol Market Type Share ISIN Share Description
Grainger Plc LSE:GRI London Ordinary Share GB00B04V1276 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -0.46% 214.50 41,783 09:49:44
Bid Price Offer Price High Price Low Price Open Price
214.00 215.00 214.50 213.00 213.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 118.2M 31.2M 0.0421 50.95 1.6B
Last Trade Time Trade Type Trade Size Trade Price Currency
10:06:48 O 4,675 214.463 GBX

Grainger (GRI) Latest News

Grainger (GRI) Discussions and Chat

Grainger Forums and Chat

Date Time Title Posts
09/6/202514:43Home in on the Grainger for profits from bricks & mortar & tenants (GRI)678
02/5/202516:29Grainger PLC - Qualitative Judgement!10
22/12/201214:29*** Grainger ***1

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Grainger (GRI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:06:48214.464,67510,026.15O
08:50:41214.0036.42O
08:49:44214.502,2304,783.35AT
08:49:41214.502,6205,619.90AT
08:46:07214.194,2469,094.44O

Grainger (GRI) Top Chat Posts

Top Posts
Posted at 13/6/2025 09:20 by Grainger Daily Update
Grainger Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker GRI. The last closing price for Grainger was 215.50p.
Grainger currently has 741,609,008 shares in issue. The market capitalisation of Grainger is £1,590,751,322.
Grainger has a price to earnings ratio (PE ratio) of 50.95.
This morning GRI shares opened at 213p
Posted at 09/6/2025 14:20 by giltedge1
GRI share price should indeed be well north of £2.50, was £3.00 in 2022. Just requires patience, dividends being ramped up, properties all modern & fully let, legacy portfolio sold down & reinvested in prime sites. Can,t fault, indeed is a share for Widows & orphans, a no brainer.
NAV £3, to a bidder worth more as in UK planning conundrum impossible to get similar sites & new fire regs & building inflation, make replacement much more expensive than what GRI paid. I am holding for income in my SIPP, waiting for cash funds from SHED to buy more.
Posted at 02/6/2025 22:54 by pyufak
Hi essentialinvestor;

To your original post I have sympathy - the market refuses to really credit Grainger for strong performance update after update so is it the market mis-pricing or am I missing something.

Previously I’ve put it down to gilt yields and refinancing risk. I also think there’s been a significant crowding out effect from gilts and many other REITs (despite not been RESI) offering 6 or even 7%+ dividends from solid assets and that’s not even looking at the funky stuff like renewables.

GRI has been someone of a black mark on what has otherwise been a very fruitful period in REITs and investment trusts but I’m sticking with the company as I do like what they’re doing and think their strategy is good. I definitely prefer to own GRI rather than do BTL personally.
Posted at 27/5/2025 16:59 by essentialinvestor
With respect you are misconstruing my post.

GRI is growing and has grown for years, yet the share price is pretty much moribund.

I'm questioning any reasons for this which may not be apparent..the market may be misplaced in it's caution. Inefficient pricing does exist.
Posted at 18/5/2025 22:33 by pyufak
Interesting on Landsec - plans to invest 2bn in BTR. GRI market cap 1.66 … Lloyds I have not seen much since the headline grabbing announcement if they are continue to plan to be a landlord now interest rates are higher.

I cannot help but think LandSec must be considering GRI because its existence poses a problem for their strategy … GRI has a BTR portfolio, well run and beating targets but trades at a 30% discount to NAV. Shareholders would rightly say why bother trying to replicate that either buy GRI or give us the capital because what makes you think you can outperform GRI.
Posted at 18/5/2025 18:04 by panache1
Land Sec have stated they are going to build a £2b+ resi portfolio. Lloyds are also building a huge resi portfolio. Why don't either of them simply buy Grainger ? Quality company, portfolio and IT platform with exceptional management qualities. Compelling value at these levels and a bid of £3+ would surely be acceptable by GRI shareholders ?
Posted at 16/5/2025 12:13 by steve3sandal
Decided to look it up cos I’m pretending to be busy.

Aug/Sept 2021

Grainger plc is pleased to announce the successful completion of the placing announced yesterday (the "Placing").

A total of 67,379,369 new Ordinary Shares in Grainger (the "Placing Shares") were placed by J.P. Morgan Cazenove and Numis Securities, raising gross proceeds of £209 million. The Placing Shares have been issued at a price of 310 pence per Placing Share (the "Issue Price"), representing a discount of 4.6 per cent. to the closing price on 1 September 2021 of 325 pence per Ordinary Share. The Placing was significantly oversubscribed with considerable support from existing shareholders.

The prior HY announcement had EPRA NAV at 286p.


That NAV figure hasn’t meaningfully improved despite the development yield on the specific project being 7% (and others lower % since), probably buffeted by higher discount rates and some provision/valuation/accounting assumption which hit balance sheet last year. Still disappointing outcome as headlines/ presentations certainly outperform the NAV per share. You’ve probably missed a bullet Cj but I’m staying put.
Posted at 16/5/2025 11:27 by steve3sandal
ge I completely agree with your rationale, GRI really should be safe as houses and I have lots but until those dividends start competing with cash/gilt interest rates I doubt we will see this near NAV. Those cash flows also fit nicely into a large pension portfolio and I sometimes expect to see a third party offer, welcome or not depending on one’s timescale.

Cj I don’t recall them doing a raise under NAV, wasn’t the last one 10% at 330p which was around one of their NAV measures? Glad that wasn’t available to retail investors.

All the best to long suffering holders.
Posted at 02/5/2025 13:18 by pyufak
hxxps://corporate.graingerplc.co.uk/sites/graingerplc-corp/files/2025-01/GRI%2020250120.pdf

a research note commissioned by GRI so likely to be flattering but the change will just mean 80% EPRA earnings will have to be paid out - they see a 2026 dividend of 9.2p which is 80% EPRA earnings + regulated sales top up for the first couple of years until it becomes covered
Posted at 27/4/2025 12:29 by mpage
Bullish IR interview with CFO of 4yrs Robert Hudson talking to UK Investor Magazine. Mostly repeating what was in the FY24 results.

hxxps://shows.acast.com/uk-investor-magazine-flash-briefing/episodes/investing-in-uk-build-to-rent-with-ftse-250-grainger

REIT conversion on track for 1 Oct 25 start of FY26 no change to div policy (29m45sec).

Divs paid out of EPRA earnings which should continue to grow strongly helped by underlying rental growth, an accretive pipeline of projects coming to market and arise of around 1% pa in EBITDA margin due to economies of scale of their platform.

Although currently higher due to inflation rate, underlying long-term rental growth of around 3.0%-3.5% (in line with wage growth) plus efficiency savings from use of platform and building clusters in cities to contain management expenses. CFO sees EBITDA margins rising from 54% FY24 to over 60% by FY29 due to scale benefits of platform. This is on top of u/lying rental growth.

And then there's the pipeline: Over next five years the pipeline has ability to double the return of FY23 rental income (£96.5m). For this year new schemes coming online to add c £13m rental income (FY24 £110m) with £9m locked in for FY26 and another £9m for FY27. All from existing pipeline.

Sees ability to grow EPRA earnings by 50% over next five years even assuming the currently favourable borrowing costs of 3.2% are rolled over around Sept 2028 presumably that's at current market rates.

GRI expects EPR Earnings to hit £60m for FY26 (30Sept26)

CFO reiterates that GRI should provide a long-term total return of around 8% pa.
Posted at 13/2/2025 10:11 by essentialinvestor
hindsight, the market atm appears to agree with your more 'cautious' view.

GRI share price back down near lows,and I don't see any of the non exec directors buying at these levels...

Gearing and refinancing to come further down the line may be holding the share price back..?.
Grainger share price data is direct from the London Stock Exchange

Grainger Frequently Asked Questions (FAQ)

What is the current Grainger share price?
The current share price of Grainger is 214.50p
How many Grainger shares are in issue?
Grainger has 741,609,008 shares in issue
What is the market cap of Grainger?
The market capitalisation of Grainger is GBP 1.6B
What is the 1 year trading range for Grainger share price?
Grainger has traded in the range of 184.40p to 252.50p during the past year
What is the PE ratio of Grainger?
The price to earnings ratio of Grainger is 50.95
What is the cash to sales ratio of Grainger?
The cash to sales ratio of Grainger is 13.46
What is the reporting currency for Grainger?
Grainger reports financial results in GBP
What is the latest annual turnover for Grainger?
The latest annual turnover of Grainger is GBP 118.2M
What is the latest annual profit for Grainger?
The latest annual profit of Grainger is GBP 31.2M
What is the registered address of Grainger?
The registered address for Grainger is CITYGATE, ST JAMES BOULEVARD, NEWCASTLE UPON TYNE, NE1 4JE
What is the Grainger website address?
The website address for Grainger is www.graingerplc.co.uk/
Which industry sector does Grainger operate in?
Grainger operates in the REAL ESTATE sector

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