By David Parsley2019-11-27T08:44:00
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.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.