TIDMWJG

Watkin Jones plc

02 November 2021

 
Demand grows in rental and student markets 
 Residential-for-rent developer and manager Watkin Jones has confirmed in today's trading update 
 that operating profit for the year to September 2021 will be in line with expectations, but 
 that year-end net cash of GBP125m is GBP40m ahead of our estimates. We are not changing our 
 FY22E P&L estimates but have increased our net cash in line with the 'beat' for FY21E. The 
 statement precedes today's Capital Markets Day at which WJG will highlight its sustainability 
 and affordable homes strategies against what we see as a backdrop of increasingly supportive 
 build-to-rent and student markets.

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(END) Dow Jones Newswires

November 02, 2021 05:09 ET (09:09 GMT)

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