Grainger plc has announced an interim dividend of 2.85p (March 2024: 2.54p) per share which will return £21.0m (March 2024: £18.8m) of cash to shareholders. In the six months ended 31 March 2025, the final dividend for the year ended 30 September 2024 which amounted to £37.0m has been paid.
Other financial highlights include:
Increased net rental income by 15% to £61.3m (HY24: £53.2m)
Delivered 4.4% like-for-like rental growth (FY24: 6.3%) with BTR rental growth 4.2% (new lets 3.1% and renewals 4.9%), whilst regulated tenancy rental growth was 7.0%
Strong demand; achieved high occupancy at 96.0% (FY24: 97.4%)
Strong customer demographic base with 89% between ages 20-44 from a broad, robust employer base
