London · Delayed Price · Currency is GBP · Price in GBX Grainger Earnings Call Transcripts
Fiscal Year 2026
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Strong half-year results with 8% rental income growth, 4% EPRA earnings increase, and high occupancy. Deleveraging and pipeline completion remain top priorities, with robust demand and resilient margins supporting a positive outlook.
Fiscal Year 2025
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Delivered 12% net rental income growth, 3.6% like-for-like rental growth, and 10% dividend increase, with high occupancy and strong operational cash flow. Targeting 50% earnings growth by FY 2029, supported by a robust pipeline, REIT conversion, and sector-leading margins.
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Strong half-year results featured 15% net rental income growth, 23% EPRA earnings growth, and a 12% dividend increase, with robust operational metrics and a clear path to 50% earnings growth by FY2029. REIT conversion and asset recycling underpin future expansion.
Fiscal Year 2024
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Net rental income and dividend both rose 14% year-over-year, with EPRA earnings up 21% and upgraded FY26 guidance. Strong pipeline, high occupancy, and operational leverage underpin a positive outlook, with sustainable total returns targeted at 8%.