Grainger (LON:GRI) Releases Quarterly Earnings Results

Posted by on May 14th, 2026

Grainger (LON:GRI – Get Free Report) issued its quarterly earnings data on Thursday. The company reported GBX 4.20 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of £113.70 million for the quarter. Grainger had a net margin of 77.24% and a return on equity of 10.25%.

Here are the key takeaways from Grainger’s conference call:

  • Grainger reaffirmed full-year guidance for EPRA earnings of GBP 60 million in FY2026, up 12%, and still expects GBP 72 million by FY2029, despite higher interest rates and macro uncertainty.
  • Half-year operating performance remained strong, with rental income up 7.8%–8%, like-for-like rental growth of 3.1%, occupancy at 96%, and EPRA earnings up 4%.
  • The company emphasized a major deleveraging plan, targeting a GBP 300 million–GBP 350 million reduction in net debt by FY2029, helped by GBP 850 million of non-core assets available for disposal.
  • Grainger said its committed pipeline of 775 homes will deliver about GBP 40 million of net rent and drive future growth, with only GBP 120 million left to spend to complete it.
  • Management noted EPRA NTA fell 2.7% to GBP 2.90 per share due to valuation pressure, but argued that rental growth has helped cushion the impact from higher yields and that the balance sheet has been de-risked through refinancing.

Grainger Trading Up 1.0%

Shares of Grainger stock traded up GBX 1.50 during trading on Thursday, hitting GBX 156.70. The company’s stock had a trading volume of 7,470,174 shares, compared to its average volume of 3,705,954. The stock has a market cap of £1.16 billion, a price-to-earnings ratio of 5.74, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. Grainger has a 52 week low of GBX 118.30 and a 52 week high of GBX 230. The stock has a 50-day moving average price of GBX 168.36 and a two-hundred day moving average price of GBX 181.40. The company has a debt-to-equity ratio of 78.26, a current ratio of 2.71 and a quick ratio of 0.87.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GRI. Berenberg Bank reiterated a “buy” rating and set a GBX 285 target price on shares of Grainger in a research note on Thursday. Citigroup lowered their price objective on shares of Grainger from GBX 298 to GBX 253 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Grainger presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 252.

Check Out Our Latest Stock Analysis on GRI

Grainger Company Profile

(Get Free Report)

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord, a Real Estate Investment Trust (REIT) and a leader in the fast-growing build-to-rent sector, providing c.11,000 rental homes to over 25,000 customers. With a pipeline of secured build-to-rent development projects totalling c.4,300 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.

Grainger works in partnership with a large number of public sector organisations to deliver new homes to local communities, including Transport for London, Network Rail, the Ministry of Defence, Lewisham Borough Council and the Local Pensions Partnership.

The Grainger team is dedicated to the common purpose of Renting Homes, Enriching Lives, backed by a set of core values.

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Earnings History for Grainger (LON:GRI)

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