Watkin Jones says income hit by lower number of deals being completed
Watkin Jones is anticipating its half year operating profit to be similar to a year ago despite a drop in revenue.
In a trading update for the half year ended 31 March, the build-to-rent and student accommodation specialist said income had been hit by lower levels of transactional activity.
“We are actively marketing a number of schemes which have the potential to underpin delivery of an improved second half performance,” the firm said, adding that it had seen a 20% increase in its development partnerships pipeline.
The firm said it continued to “monitor the evolving geopolitical and economic backdrop and are mindful of any consequential impacts on confidence and activity in our residential investment and construction markets”.
It added that it was “taking proactive steps” to mitigate build cost inflation, including earlier procurement of subcontract packages and forward buying of materials.
In its last set of results, the firm racked up a pre-tax loss of £8.7m for the year to September 2025 on turnover of £280m.
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