NAV nudges up as rental income leaps at Grainger

Helen Gordon

Net asset value (NAV) at Grainger nudged up 1% in the year to the end of September, as rental growth helped fuel a 9% dividend hike.

NAV post the year’s rights issue, rose to 272p from 270p a year earlier. Rental growth slowed a fraction from 4% in 2018 to 3.6% and expansion of the group’s private rented sector (PRS) portfolio helped drive 45% growth in net rental income to £63.5m. Earnings per share were up 5% to 19.8p.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue