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United Kingdom

Grainger PLC (GRI.L)

GRI.L on London Stock Exchange

279.80GBp
14 Nov 2018
Change (% chg)

-11.20 (-3.85%)
Prev Close
291.00
Open
289.00
Day's High
289.00
Day's Low
276.40
Volume
353,638
Avg. Vol
549,949
52-wk High
323.20
52-wk Low
266.30

Latest Key Developments (Source: Significant Developments)

Grainger Acquires 108 PRS Build To Rent Homes In Tottenham
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Grainger PLC ::GRAINGER PLC - ACQUISITION.GRAINGER PLC - PROPOSED DEAL FOR FOR C.£41M.GRAINGER PLC - GRAINGER AGREES TO FORWARD FUND AND ACQUIRE 108 PRS BUILD TO RENT HOMES IN TOTTENHAM HALE, LONDON FOR C.£41M.GRAINGER PLC - EXPECTS THIS INVESTMENT TO GENERATE A GROSS YIELD ON COST OF BETWEEN 5.5-6% ONCE STABILISED, WITH COMPLETION ANTICIPATED IN EARLY 2021.  Full Article

Lewisham Council And Grainger Launch Joint Venture For PRS Development In New Cross Gate
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Grainger PLC ::LEWISHAM COUNCIL AND GRAINGER PLC JOINT VENTURE.PARTNERSHIP TO DELIVER UP TO 300 NEW PURPOSE-BUILT PRIVATE RENTED SECTOR HOMES AT BESSON STREET IN NEW CROSS GATE.PARTNERSHIP INCLUDES CREATION OF A NEW 50/50 JOINT VENTURE COMPANY, LEWISHAM GRAINGER HOLDINGS LLP.LEWISHAM COUNCIL AND CO TO NOW MOVE ONTO NEXT PHASE OF PROJECT, WITH PLANNING SUBMISSION EXPECTED IN 2019.  Full Article

Grainger FY Like-For-Like Rental Growth Of 4 Pct
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Grainger PLC ::TRADING UPDATE.4.0% OVERALL LIKE-FOR-LIKE RENTAL GROWTH YEAR TO DATE (SEPTEMBER 2017: 3.7%).PRS INVESTMENT PIPELINE NOW STANDS AT £817M SECURED.GOOD VISIBILITY OVER FURTHER £287M OF INVESTMENT OPPORTUNITIES WHICH ARE IN ADVANCED STAGES OF PLANNING OR LEGAL NEGOTIATIONS.  Full Article

Grainger Appoints David Prescott As Director Of Strategy & Corporate Finance
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Grainger Plc ::APPOINTED DAVID PRESCOTT AS DIRECTOR OF STRATEGY AND CORPORATE FINANCE.  Full Article

Grainger Says HY Pretax Profit Up 23 Pct To 50.6 Mln Pounds
Thursday, 17 May 2018 

May 17 (Reuters) - Grainger PLC ::INTERIM DIVIDEND UP 9 PERCENT TO 1.74 PENCEPER SHARE.SAYS HY NET RENTAL INCOME UP 9 PERCENT TO 21.8 MILLION STG.SAYS HY PROFIT BEFORE TAX INCREASED 23 PERCENT TO 50.6 MILLION STG.SAYS INTERIM DIVIDEND PER SHARE UP 9 PERCENT TO 1.74P PER SHARE.SAYS HY 4.1 PERCENT LIKE-FOR-LIKE RENTAL GROWTH ACROSS ENTIRE PORTFOLIO.EXPECT TO DELIVER A GOOD PERFORMANCE IN SECOND HALF OF YEAR AND A POSITIVE OVERALL RESULT.SAYS EPRA NNNAV 6 UP 1 PERCENT SINCE YEAR END TO 306P PER SHARE AFTER RETURNING 13.6 MILLION STG TO SHAREHOLDERS IN PERIOD.4.1% LIKE-FOR-LIKE RENTAL GROWTH ACROSS ENTIRE PORTFOLIO FOR HY.9% INCREASE IN NET RENTAL INCOME TO £21.8M FOR HY.  Full Article

Grainger Exits Walworth Joint Venture
Wednesday, 2 May 2018 

May 2 (Reuters) - Grainger PLC ::GRAINGER EXITS WALWORTH JOINT VENTURE.GRAINGER PLC - ANNOUNCES THAT IT HAS SOLD ITS 50% INTEREST IN WALWORTH INVESTMENT PROPERTY JV TO ITS PARTNER, DORRINGTON PLC FOR £67M MILLION.GRAINGER PLC - TRANSACTION IS EXPECTED TO BE MARGINALLY ACCRETIVE TO GRAINGER'S EPRA NNNAV.  Full Article

Grainger says FY pre-tax profit up 2 pct
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - GRAINGER PLC ::FINAL DIVIDEND 3.26 PENCEPER SHARE.TOTAL DIVIDEND 4.86 PENCEPER SHARE.‍FY NET RENTAL INCOME UP 8% TO £40.4M VERSUS £37.4M MILLION YEAR AGO.FY ‍PROFIT BEFORE TAX UP 2% TO £86.3M VERSUS £84.2M YEAR AGO​.‍FY EPRA NNNAV UP 5.6% TO 303P VERSUS 287P YEAR AGO​.  Full Article

Grainger ‍acquires 192-home stabilised prs portfolio in Manchester
Friday, 24 Nov 2017 

Nov 24 (Reuters) - GRAINGER PLC ::‍ACQUIRES A 192-HOME STABILISED PRS PORTFOLIO IN MANCHESTER FOR £26 MLN​.ACQUIRED STABILISED PORTFOLIO OF THREE BLOCKS, IN MANCHESTER, COMPRISING 192 PRIVATE RENTED SECTOR (PRS) HOMES, FOR £26 MLN​.  Full Article

Deals of the day-Mergers and acquisitions

Nov 14 The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: