Listed landlord Grainger Plc will update shareholders at its AGM today on a strong start to the year, with increasing rental growth.
The Newcastle business, the UK’s largest listed provider of private rental homes, issued a trading update ahead of the meeting on the first four months of its financial year to the end of January 2022.
The update highlighted a 97% occupancy rate across its PRS portfolio – which represents around 75% of total net rental income – with total like-for-like rental growth accelerating by 3.2%.
