Rents and profit up as Grainger continues shift to PRS focus

Helen Gordon

Grainger has reported strong growth in rents, up 9% to £21.8m in the six months to 31 March, in an interim report which also revealed the group’s increasing focus on the private rented sector (PRS).

The UK’s largest listed residential landlord also posted a 23% increase in profit before tax year-on-year to £50.6m from £41.2m at the same point last year.

Commenting the morning after she won Personality of the Year at the RESI Awards 2018, chief executive Helen Gordon said the results showed the group is “well positioned for the future” and to take advantage of the “vast opportunity” in the PRS sector.

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