Grainger
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Grainger (GRI) investor relations material

Grainger Trading update summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Trading update summary4 Feb, 2026

Operational performance and rental growth

  • Achieved 3.1% like-for-like rental growth year-to-date, in line with prior guidance.

  • Maintained high occupancy at 96.0% across the portfolio.

  • New BTR asset, Seraphina, fully let in under four months, reflecting strong demand.

  • Completed third scheme in Bristol and commenced construction on a second scheme in Guildford.

  • Added a 195-home BTR scheme in Chiswick to the pipeline through a JV with TfL.

Outlook and future growth

  • Strong visibility on future earnings growth supported by a robust committed pipeline.

  • Market conditions favor continued demand due to undersupply and challenges for small landlords.

  • Plans to redeploy approximately £0.5bn surplus capital from divestment of non-core assets.

  • Focused on delivering sustainable long-term rental growth and attractive risk-adjusted returns.

  • Confident in maintaining market-leading earnings growth and high occupancy.

Future plans for Connected Living London JV
Deployment strategy for £0.5bn capital
How to capitalize on small landlord headwinds?
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