Firm has BTR pipeline worth £1.3bn
Revenue and pre-tax profit were up at Grainger in the landlord’s latest interim results.
Figures, published this morning, for the six months to 31 March 2025 showed group revenue increased to £136.4m from £113.7m in the same period the year prior.
The UK’s largest listed residential landlord and a major build-to-rent developer also recorded a return to profit in the period.
IFRS profit before tax for the half-year stood at £74m, after a loss of £31.2m in the same period last year.
The group also posted a 15% increase in net rental income to £61.3m.
Helen Gordon, chief executive, said the firm’s performance was “driven by our new openings, growth in underlying rents and our ability to leverage our central costs and operational platform”.
Grainger currently has a build-to-rent pipeline which it values at £1.3bn.
The firm’s next trading update will be in September, with full-year results due to be published on 20 November.
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