Grainger plc

Equities

GRI

GB00B04V1276

Real Estate Development & Operations

Market Closed - London S.E. Other stock markets 11:35:29 2024-06-07 am EDT			5-day change	1st Jan Change
244.5 ^GBX	-1.61%		-2.20%	-7.53%

May. 22	Barclays cuts NextEnergy but lifts JLEN	AN
May. 17	Jefferies says buy Tritax Big Box post merger	AN

Grainger plc Reports Earnings Results for the Half Year Ended March 31, 2024

May 16, 2024 at 02:00 am EDT

Grainger plc reported earnings results for the half year ended March 31, 2024. For the half year, the company reported sales was GBP 74.7 million compared to GBP 65.4 million a year ago. Net loss was GBP 22 million compared to net income of GBP 4.7 million a year ago.

Basic loss per share from continuing operations was GBP 0.03 compared to basic earnings per share from continuing operations of GBP 0.006 a year ago. Diluted loss per share from continuing operations was GBP 0.03 compared to diluted earnings per share from continuing operations of GBP 0.006 a year ago.

Latest news about Grainger plc

Barclays cuts NextEnergy but lifts JLEN	May. 22	AN
Jefferies says buy Tritax Big Box post merger	May. 17	AN
Grainger swings to half-year loss on valuation hit but ups payout	May. 16	AN
Transcript : Grainger plc, H1 2024 Earnings Call, May 16, 2024	May. 16
Grainger Swings to Fiscal H1 Loss; Revenue Up	May. 16	MT
Earnings Flash (GRI.L) GRAINGER Posts Fiscal H1 Revenue GBP113.7M	May. 16	MT
Earnings Flash (GRI.L) GRAINGER Reports Fiscal H1 Loss GBX-3.00	May. 16	MT
Grainger plc Reports Earnings Results for the Half Year Ended March 31, 2024	May. 16	CI
UBS raises Trainline, cuts Kingspan	May. 10	AN
JPMorgan raises Taylor Wimpey, Persimmon	Apr. 12	AN
London shares subdued due to lower metal prices	Feb. 07
Grainger touts "exceptionally high" demand as rental growth continues	Feb. 07	AN
Grainger Sees Acceleration in Four-month Total Rental Growth	Feb. 07	MT
Fitch Affirms Grainger's Rating With Stable Outlook	Feb. 05	MT
JPMorgan raises Rio Tinto to 'overweight'	Dec. 12	AN
Berenberg Starts Grainger Coverage with Buy Recommendation	Nov. 30	MT
Citi and Peel up B&M; JPMorgan cuts 888	Nov. 30	AN
Grainger celebrates "outstanding year" with income and dividend boost	Nov. 22	AN
Grainger Partners with Network Rail, Bloc Group JV for Build-to-Rent Project	Nov. 22	MT
Transcript : Grainger plc, 2023 Earnings Call, Nov 22, 2023	Nov. 22
Grainger Posts Decline in FY23 Attributable Profit, Revenue	Nov. 22	MT
Earnings Flash (GRI.L) GRAINGER Reports FY23 Revenue GBP267.1M	Nov. 22	MT
Earnings Flash (GRI.L) GRAINGER Reports FY23 EPS GBX3.50	Nov. 22	MT
Network Rail, Bloc Group, and Grainger Create New Build-To-Rent Partnership Across Great Britain	Nov. 22	CI
Grainger plc Reports Earnings Results for the Full Year Ended September 30, 2023	Nov. 21	CI

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Company Profile

Grainger PLC is a United Kingdom-based company that designs, builds, develops, owns and operates rental homes in the United Kingdom. The Company is focused on the United Kingdom build-to rent and private rented sector. It owns and manages approximately 10,208 rental homes across the United Kingdom in various cities from Newcastle to London. It provides modern private rental homes, and it also has a portfolio of homes on regulated tenancies, as well as a number of affordable homes. Its private rented sector (PRS) portfolio consists of rental homes where customers pay market rents. Its core product is mid-market homes that are affordable for local people. The Company's PRS segment includes stabilized PRS assets as well as PRS under construction due to direct development and forward funding arrangements, both for wholly owned assets and the Company's interest in joint ventures and associates as relevant. Its Reversionary segment includes regulated tenancies, as well as CHARM.

Sector

Real Estate Development & Operations

Calendar

2024-11-21 - Q4 2024 Earnings Release

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Ratings for Grainger plc

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.445 GBP

Average target price

3.002 GBP

Spread / Average Target

+22.79%

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Sector Residential Real Estate Development

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Residential Real Estate Development