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United Kingdom

Grainger PLC (GRI.L)

GRI.L on London Stock Exchange

239.20GBp
16 Jul 2019
Change (% chg)

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239.20
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Avg. Vol
944,136
52-wk High
285.05
52-wk Low
204.00

Latest Key Developments (Source: Significant Developments)

Grainger's HY Profit Before Tax Increased 7%
Thursday, 16 May 2019 

May 16 (Reuters) - Grainger PLC ::GRAINGER PLC - HY NET RENTAL INCOME(1) UP +33% TO £29.1M.GRAINGER PLC - HY 3.7% LIKE-FOR-LIKE RENTAL GROWTH ACROSS OUR ENTIRE PORTFOLIO.GRAINGER PLC - HY ADJUSTED EARNINGS WERE DOWN SLIGHTLY TO £38.3M (HY18: £40.9M).GRAINGER PLC - HY PROFIT BEFORE TAX INCREASED 7% TO £54.3M.GRAINGER PLC - INTERIM DIVIDEND PER SHARE INCREASED 10% TO 1.73P PER SHARE.GRAINGER PLC - HY EPRA NNNAV OF 271P PER SHARE (FY18: 286PPS).GRAINGER PLC - "EXPECT OUR PIPELINE TO MORE THAN DOUBLE OUR NET RENTAL INCOME OVER COMING YEARS".  Full Article

Grainger To Buy 373-Home PRS Development For About 77 Mln Stg
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Grainger PLC ::ACQUISITION.AGREES TO FORWARD FUND AND ACQUIRE A 373 HOME, PRS DEVELOPMENT AT EXCHANGE SQUARE IN BIRMINGHAM FOR C.£77M.TRANSACTION WILL BECOME UNCONDITIONAL, ANTICIPATED IN MID 2019.EXPECTS THIS INVESTMENT TO GENERATE A GROSS YIELD ON COST IN EXCESS OF 6.5% ONCE STABILISED, WITH COMPLETION ANTICIPATED IN 2022.  Full Article

Grainger To Buy GRIP REIT For 396 Mln Pounds
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Grainger Plc ::ACQUISITION OF GRIP REIT PLC.TO ACQUIRE ENTIRE SHARE CAPITAL AND SHAREHOLDER LOANS IN GRIP REIT FROM ITS JOINT VENTURE PARTNER, APG, FOR 396 MILLION STG.ACQUISITION WILL BE FUNDED BY A 346.7 MILLION STG RIGHTS ISSUE FULLY UNDERWRITTEN BY J.P. MORGAN CAZENOVE AND NUMIS.  Full Article

Grainger Says FY Profit Before Tax 100.7 Mln Stg
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Grainger PLC ::GRAINGER PLC - FY PROFIT BEFORE TAX INCREASED +17% TO £100.7M (FY17: £86.3M).GRAINGER PLC - FY EPRA NNNAV UP +4% TO 316P PER SHARE (FY17: 303PPS).GRAINGER PLC - FY +4.0% LIKE FOR LIKE RENTAL GROWTH ACROSS OUR ENTIRE PORTFOLIO (FY17: 3.8%).GRAINGER PLC - FINAL DIVIDEND OF 3.52P PER SHARE.GRAINGER PLC - ALSO ANNOUNCES A SIGNIFICANT INCREASE IN ITS PRS INVESTMENT PIPELINE TO £1.37BN, AHEAD OF ITS £850M TARGET SET FOR 2020.GRAINGER PLC - ANNOUNCES ITS INTENTION TO RAISE £346.7M THROUGH A PROPOSED RIGHTS ISSUE.  Full Article

Grainger Signs £52M Construction Contract
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - Grainger PLC ::SIGNS £52M CONSTRUCTION CONTRACT ON ITS NEWBURY PRS SCHEME.  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

Grainger expects to report FY adjusted earnings of approaching 70 mln STG
Wednesday, 27 Sep 2017 

Sept 27 (Reuters) - Grainger Plc :EXPECT TO REPORT FY ADJUSTED EARNINGS OF APPROACHING £70M.FY SALES OF VACANT PROPERTIES HAVE BEEN ACHIEVED AT C.2% AHEAD OF SEPTEMBER 2016 YEAR END VACANT POSSESSION VALUE.SEEN LIKE-FOR-LIKE RENTAL GROWTH ACROSS PORTFOLIO OF 3.7% FOR ELEVEN MONTHS TO END OF AUGUST..EXPECT TO REPORT A GROSS TO NET PROPERTY OPERATING COST FOR FULL YEAR OF AROUND 26%..ARE ALSO ON TRACK TO ACHIEVE £27.5M OVERHEADS TARGET.  Full Article

Grainger to acquire Private Rented Sector, build-to-rent development at Gore Street In Salford
Tuesday, 29 Aug 2017 

Aug 29 (Reuters) - GRAINGER PLC ::£80M BUILD-TO-RENT SCHEME IN SALFORD TO DELIVER 375 PRS HOMES.SITE IS ANTICIPATED TO COMPLETE IN 2020.HAS CONDITIONALLY AGREED SUBJECT TO PLANNING TO ACQUIRE A PRIVATE RENTED SECTOR (PRS), BUILD-TO-RENT DEVELOPMENT AT GORE STREET IN SALFORD.  Full Article

Grainger's Grip REIT joint venture agrees to acquire 139 home build
Tuesday, 1 Aug 2017 

Aug 1 (Reuters) - GRAINGER PLC ::SAYS ITS GRIP REIT JOINT VENTURE WITH APG HAS AGREED TO FORWARD FUND AND ACQUIRE 139 HOME BUILD TO RENT FROM HIGH STREET GROUP FOR £30.5M.  Full Article

Ex-divs to take 5.38 points off FTSE 100 on May 30

LONDON, May 27 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 5.38 points off the index. RIC Name Dividend Stock Max Shift (pence) Option MARKS & SP.