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UK's largest listed residential landlord, owning and managing build-to-rent private rented homes nationwide.
UK's largest listed residential landlord, owning and managing build-to-rent private rented homes nationwide.
Collects rent on homes it owns and operates itself, and funds growth by selling older regulated-tenancy homes as tenants leave, recycling the proceeds into new purpose-built rental blocks. Rents on the new blocks follow market levels, while rents on the older homes are capped by law.
In one line: A UK AvalonBay/Equity Residential peer.
Moat: narrow (scale, installed base). Largest listed UK residential rental portfolio and in-house management platform.
Headquarters: London, UK · Founded: 1912 · Employees: 372
Size Grainger (GRI.L) is a United Kingdom Real Estate company (Real Estate Development) with a market value of $1.83B, the 170th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £184.30 on 6 Nov 2026.
Performance Over six months the shares gained 19.4%, against -12.7% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue fell 23.4% over the last twelve months (peer median +3.3%); the operating margin is 49.0% (peer median 14.1%).
Valuation It trades at 19.8× forward earnings against a peer median of 13.0× (4th most expensive of 16).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £239M | £264M | £289M | £272M | £285M |
| Revenue growth | — | -9% | +6% | -5% | — |
| Gross profit | £157M | £170M | £166M | £161M | £161M |
| EBITDA | £119M | £131M | £126M | £126M | £121M |
| Net income | £131M | £203M | £31.2M | £25.6M | £229M |
| Free cash flow | £90.4M | £121M | £132M | £179M | £98.3M |
| Capital expenditure | £1.30M | £1.40M | £4.30M | £6.10M | £3.70M |
| Total debt | n/a | £1.60B | £1.60B | £1.54B | £1.36B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Grainger GRI.L | $1.83B | +19% | -23% | 49% | 19.8× | n/a |
| UNITE UTG.L | $3.41B | +5% | +12% | 46% | 11.9× | n/a |
| Legal & General LGEN.L | $21.9B | +24% | +137% | 2% | 13.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GRI.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.3% | -0.2% | highest of 21 |
| 6-month return | +19.4% | -12.7% | 2nd highest of 20 |
| Distance from 52-week high | -8.2% | -23.9% | 2nd highest of 21 |
| Revenue growth (TTM) | -23.4% | +3.3% | 6th lowest of 20 |
| Operating margin | 49.0% | 14.1% | 5th highest of 21 |
| Forward P/E | 19.8× | 13.0× | 4th most expensive of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Grainger GRI.L | United Kingdom | $1.83B | +19% | -23% | 49% | 19.8× | n/a | n/a |
| Intershop ISN.SW | Switzerland | $1.82B | -9% | +5% | 79% | 18.5× | n/a | n/a |
| Inmocemento IMC.MC | Spain | $1.88B | -4% | +10% | 29% | n/a | n/a | n/a |
| Shanghai Industrial 0363.HK | Hong Kong | $1.89B | -14% | -28% | 15% | 7.1× | n/a | n/a |
| PPI Public Property Invest PUBLI.ST | Sweden | $1.78B | n/a | n/a | 70% | n/a | n/a | n/a |
| China Jinmao 0817.HK | Hong Kong | $1.77B | -45% | -8% | 5% | 9.9× | n/a | n/a |
| China-Singapore Suzhou Industrial Park Development 601512.SS | China | $1.75B | -23% | -32% | 22% | 10.8× | n/a | n/a |
| GuocoLand F17.SI | Singapore | $1.75B | -16% | -24% | 7% | 11.5× | n/a | n/a |
| Poly Property Services 6049.HK | Hong Kong | $1.92B | -14% | +8% | 11% | 7.9× | n/a | n/a |
| Brigade Enterprises BRIGADE.NS | India | $1.93B | -4% | -4% | 23% | 20.0× | n/a | n/a |
| Greentown China 3900.HK | Hong Kong | $1.74B | -48% | +1% | 3% | 43.6× | n/a | n/a |
| Greentown Service 2869.HK | Hong Kong | $1.74B | -9% | +13% | 7% | 11.2× | n/a | n/a |
| Entra ENTRA.OL | Norway | $1.95B | -4% | -9% | 82% | 15.2× | n/a | n/a |
| Zhaojin International Gold 000506.SZ | China | $1.95B | -13% | +42% | 27% | n/a | n/a | n/a |
| Argan ARG.PA | France | $1.95B | +14% | +5% | 78% | 11.2× | n/a | n/a |
| Metrovacesa MVC.MC | Spain | $1.95B | -5% | +58% | 13% | 26.4× | n/a | n/a |
| Greater Bay Area AI Computing Tech 1396.HK | Hong Kong | $1.70B | -41% | +76% | -6% | 15.6× | n/a | n/a |
| China Enterprise 600675.SS | China | $1.98B | -15% | -35% | 4% | n/a | n/a | n/a |
| Leopalace21 8848.T | Japan | $1.99B | +52% | +3% | 8% | 13.0× | n/a | n/a |
| Realia Business RLIA.MC | Spain | $1.68B | -3% | +82% | 41% | 13.7× | n/a | n/a |
| Jinke Property 000656.SZ | China | $1.68B | -24% | -87% | -1,642% | n/a | n/a | n/a |