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