Grainger plc (LSE:GRI) has reported solid financial and operational results for the year ending September 2025, underpinned by high occupancy levels and steady rental growth. Occupancy rates reached 98.1%, while like-for-like rental growth stood at 3.6%, reflecting strong tenant demand across the company’s portfolio.
Grainger generated around £169 million through capital recycling via disposals, with proceeds being reinvested into higher-yielding Build to Rent (BTR) assets. This strategy supports the company’s target of achieving 50% earnings growth between FY24 and FY29. Management highlighted that a supportive regulatory backdrop and Grainger’s planned transition to REIT status further enhance its ability to deliver sustainable income growth and improve shareholder returns.
While the company’s fundamentals are strong and valuation attractive, technical indicators show some weakness, and its high leverage remains a key financial risk. Overall, the outlook balances solid performance with cautious risk management.
About Grainger plc
Grainger is the UK’s largest listed provider of private rental homes and a leading BTR operator, managing a portfolio of over 11,000 units. The company focuses on delivering high-quality, mid-market rental homes in desirable urban locations, leveraging its operational platform to sustain strong occupancy and rental performance.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
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