Edition:
United Kingdom

Grainger PLC (GRI.L)

GRI.L on London Stock Exchange

314.60GBp
4:52pm BST
Change (% chg)

-1.80 (-0.57%)
Prev Close
316.40
Open
318.60
Day's High
319.80
Day's Low
314.60
Volume
498,719
Avg. Vol
861,043
52-wk High
323.20
52-wk Low
248.70

Latest Key Developments (Source: Significant Developments)

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

Grainger commits to build-to-rent scheme on Leeds Riverside
Friday, 30 Sep 2016 

Grainger Plc : Commit to landmark build-to-rent scheme on Leeds Riverside to deliver c.250 prs homes . Agreed to forward purchase a private rented sector for c.40m stg from YP Real Estate .Scheme is expected to complete in 2019 and is anticipated to generate a gross yield on cost approaching 7 pct once fully let.  Full Article

Grainger says performance in sales in line with management expectations
Thursday, 11 Aug 2016 

Grainger Plc : Update on trading for ten months to 31 July 2016 . Says 91 mln stg of revenue from sales of vacant properties over period (July 2015: 81 mln stg) . Says sales pipeline of 188 mln stg (July 2015: 172 mln stg) . Says started construction of our 100 mln stg Clippers Quay Scheme in Salford (614 homes) .Says continued high levels of demand for UK private rented sector homes (PRS), with good lettings and levels of rental growth.  Full Article

Ex-divs to take 3.2 points off FTSE 100 on May 24

LONDON, May 21 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 3.20 points off the index. COMPANY (RIC) DIVIDEND STOCK OPTION IMPACT (pence)