
Grainger plc (LSE: GRA) has reported a solid financial performance for the first half of 2025, underpinned by the continued expansion of its build-to-rent (BTR) portfolio. EPRA earnings climbed 23%, while net rental income rose 15%, reflecting both strategic execution and growing demand in the private rental sector. The company also recorded a 4.4% like-for-like increase in rental income and maintained high occupancy rates at 96%.
The firm’s momentum is fueled by a buoyant BTR market, with investment activity expected to hit £6 billion this year and property values trending upward. Grainger plans to maintain its focus on generating shareholder returns through a progressive dividend policy and targeted capital deployment. The company’s significant portfolio of non-core assets and strong operational capabilities provide a solid foundation for further growth.
Grainger’s stock outlook benefits from favorable financial performance and encouraging technical indicators, though caution is warranted due to its elevated leverage and declining free cash flow. Despite these concerns, market enthusiasm, sector strength, and corporate strategy continue to bolster its overall investment profile. Valuation remains on the higher side, prompting closer scrutiny by investors.
About Grainger plc
Grainger plc is the UK’s largest publicly listed residential landlord and a market leader in the build-to-rent (BTR) segment. The company specializes in high-quality, professionally managed rental homes across the UK, driven by strong demand fundamentals and supportive regulation. Grainger’s long-term strategy centers on sustainable rental income growth, efficient property management, and strategic investments in high-demand urban areas.
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Average Daily Trading Volume: 1,752,175 shares
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Technical Sentiment: Sell
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Market Capitalization: £1.57 billion