Company summary
Grainger is the UK's largest listed residential landlord and a specialist build-to-rent REIT. It owns and directly manages modern rental homes in major UK cities and is expanding through a committed development pipeline.
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GRI
Grainger
Real Estate Investment & Services
- Index
- FTSE 250
- ISIN
- Not specified
- Book status
- 2026 edition — current
Key activities
Ownership, development and direct management of private rental housing, build-to-rent schemes, regulated tenancies and disposal of lower-return legacy assets.
Key markets
Major UK cities including London, Manchester, Birmingham, Bristol, Leeds and Newcastle, serving private renters seeking professionally managed homes.
Key drivers
Rental growth, occupancy, completion and lease-up of new developments, operating margins, housing undersupply, wage growth, disposals and reduction of leverage as the portfolio expands.
Key risks
Higher interest rates, property-valuation declines, regulation of the rental market, development delays, construction costs, leverage and weaker tenant affordability.
Recent Developments
14 May 2026: first-half net rental income rose 7.8% to £66.1m, EPRA earnings increased 4% and occupancy was 95.9%. Grainger said it remained on track for £60m of FY2026 EPRA earnings and continued its planned deleveraging programme.
Dividend notes
Pays interim and final dividends as a REIT. The 2026 interim dividend was 2.94p, went ex-dividend on 21 May and was paid on 3 July. It represented Grainger's 21st consecutive reporting period of dividend growth.
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