LONDON (dpa-AFX) - Grainger plc (GRI.L), a provider of rental homes, Wednesday said its rental income for the four months to the end of January 2025 increased 15 percent year-on-year.
On a like-for-like basis, rental growth was 4.7 percent.
For the medium term, the company expects earnings to increase by 50 percent.
Looking ahead, Grainger said in a statement, 'We will deliver significant earnings growth as we deliver our pipeline, leveraging our operating platform. This growth is highly accretive as we fund it from the disposal of low yielding non-core assets, including our regulated tenancy portfolio, into new higher yielding BTR homes.'
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