Grainger (LON:GRI) reported higher first-half rental income and reiterated its medium-term earnings targets, with management pointing to high occupancy, rental growth and a committed development pipeline as key supports for future growth.
Chief Executive Helen Gordon said the company delivered “a strong performance” in a period of global uncertainty, describing Grainger as a resilient business in a “needs-based real estate sector.” The company said rental income rose 7.8%, like-for-like rental growth was 3.1%, and EPRA earnings increased 4% in the first half. Grainger also increased its dividend by 3%.
