Strong balance sheet, debt refinanced, 97% hedged, no significant refinancing until 2027
Strategic highlights:
PRS fundamentals stronger than ever with occupational demand strengthening and supply reducing
4 years of growth de-risked, funded and locked-in
Record delivery next year of 1,640 homes and £17m potential NRI annualised (with full benefit in
FY24 due to timings)
Growing PRS Portfolio now £2.3bn and 73% of the operational portfolio
PRS customer net promoter score +34
Grainger plc | www.graingerplc.co.uk
4
Current trading (postyearend)
Strong operational performance continues into Q1
Leasing (PRS)
Sales
Originate
Invest
Operate
Pipeline
+5.5% L4L rental growth in PRS
Successful leasing of new launches
Fully let at Gilders Yard since Aug
20% let at Enigma Square since 5th Nov
98% spot occupancy
98% rent collection
Vacant sales of £6m to date in FY23
Typically c.40% of regulated sales are cash buyers
Strong demand in London given strength of international buyers
£20m of asset recycling completed to date
14 projects on site and progressing well
Construction cost inflation easing
100% of committed projects on fixed price contracts
Strong relationships with our delivery partners
Grainger plc | www.graingerplc.co.uk
5
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Grainger plc published this content on 17 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2022 08:08:01 UTC.
Grainger PLC is a United Kingdom-based company that designs, builds, develops, owns and operates rental homes in the United Kingdom. The Company is focused on the United Kingdom build-to rent and private rented sector. It owns and manages approximately 10,208 rental homes across the United Kingdom in various cities from Newcastle to London. It provides modern private rental homes, and it also has a portfolio of homes on regulated tenancies, as well as a number of affordable homes. Its private rented sector (PRS) portfolio consists of rental homes where customers pay market rents. Its core product is mid-market homes that are affordable for local people. The Company's PRS segment includes stabilized PRS assets as well as PRS under construction due to direct development and forward funding arrangements, both for wholly owned assets and the Company's interest in joint ventures and associates as relevant. Its Reversionary segment includes regulated tenancies, as well as CHARM.
GRAINGER PLC 
