Key Moments:
- Grainger delivered 3.1% like-for-like rental growth over the four months to January 2026, with occupancy at 96%.
- Meanwhile, the Seraphina build-to-rent scheme in Canning Town was fully let in under four months, and a 195-home Chiswick project was added through a Transport for London joint venture.
- Additionally, non-core regulated tenancies posted 6.2% rental growth, while Grainger plans to recycle about £0.5 billion from asset disposals.
Trading Update Overview
Grainger released a trading update covering the four months to January 2026. Overall performance remained solid, supported by steady rental growth and high occupancy.
Total like-for-like rental growth reached 3.1%. At the same time, portfolio occupancy stood at 96%.
Operational Performance and Portfolio Activity
The company reported strong leasing momentum at its Seraphina development in Canning Town. The scheme was fully let in less than four months. As a result, management cited continued demand in core London markets.
In addition, Grainger expanded its development pipeline with a new 195-home scheme in Chiswick. This project was secured through a joint venture with Transport for London. Consequently, it strengthens the firm’s build-to-rent presence in the capital.
Meanwhile, Grainger brought Glasshouse Square in Bristol into operation. The company also began construction on its second project in Guildford. Together, these steps broaden its regional footprint.
Rental Growth Breakdown
Within the portfolio, regulated tenancies delivered the strongest performance. These non-core assets recorded like-for-like rental growth of 6.2%. By comparison, overall portfolio growth stood at 3.1%.
| Metric | Detail |
|---|---|
| Reporting period | Four months ending January 2026 |
| Total like-for-like rental growth | 3.1% |
| Occupancy | 96% |
| Regulated tenancies rental growth | 6.2% |
| Chiswick scheme size | 195 homes |
| Planned non-core disposals | £0.5 billion |
Capital Recycling and Earnings Outlook
Looking ahead, Grainger expects continued earnings growth. This outlook reflects strong rental demand and limited new supply.
Moreover, the company plans to sell non-core assets worth around £0.5 billion. These proceeds will be reinvested into growth projects. As a result, management expects the strategy to support long-term earnings expansion.
Management Commentary
Chief Executive Helen Gordon reaffirmed the positive outlook. She said the company is well positioned to deliver sustainable rental growth and maintain high occupancy. She added that Grainger remains confident in its long-term prospects.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
