Grainger hails 'supportive' market as income grows

A national residential landlord says it is primed for further growth after demand pushed earnings higher.

Grainger saw total net rental income rise 15 per cent in the four months to January 31, with total like-for-like rental growth at 4.7 per cent on a year-to-date basis.

And bosses at the Newcastle-headquartered rental home developer and owner say it has solid foundations to build higher, with earnings tipped to grow by 50 per cent in the medium term as demand “continues to grow” for its properties.

They also say the firm, whose UK-wide portfolio includes new schemes in Oxford, London and Bristol, is set to benefit from “an increasing number of positive statements in support of build-to-rent from the Government.”

They added private rented sector rental growth “remains at good levels”, with occupancy at 96 per cent.

Helen Gordon, chief executive, said: “We continue to perform strongly, delivering 15 per cent growth in total net rental income on the same period last year, and up from 14 per cent growth reported at the 2024 financial year.

“This reflects the growth in our portfolio, the strength in our leasing and supportive build-to-rent market with excellent fundamentals.

“The fundamentals of the UK residential rental market remain exceptionally supportive, as demand continues to grow and rental supply continues to be constrained as small, private landlords face increasing headwinds.

“The regulatory backdrop is accelerating this trend.

“We expect to deliver continued growth in strong, reliable, cash-backed earnings for years to come.” 

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