Grainger has posted rental growth of 3% as it nears the end of its financial year, saying the uptick shows continuing demand for its homes.
In a trading update to the end of August, chief executive Helen Gordon said: “Our balance sheet is strong, and we continue to deliver a good performance whilst growing our pipeline of PRS assets. Grainger is well placed to navigate any near-term economic uncertainty, continue its growth strategy and lead the way within the build-to-rent sector.”
Sales profits for the year are likely to be flat, the company said. Occupancy in Grainger’s PRS portfolio stood at 95% at the end of August, down slightly from 97% in its last financial year.
