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BRIEF-Grainger expects to report FY adjusted earnings of approaching 70 mln STG
September 27, 2017 / 6:18 AM / 2 months ago

BRIEF-Grainger expects to report FY adjusted earnings of approaching 70 mln STG

Sept 27 (Reuters) - Grainger Plc

* EXPECT TO REPORT FY ADJUSTED EARNINGS OF APPROACHING £70M

* FY SALES OF VACANT PROPERTIES HAVE BEEN ACHIEVED AT C.2% AHEAD OF SEPTEMBER 2016 YEAR END VACANT POSSESSION VALUE

* SEEN LIKE-FOR-LIKE RENTAL GROWTH ACROSS PORTFOLIO OF 3.7% FOR ELEVEN MONTHS TO END OF AUGUST.

* EXPECT TO REPORT A GROSS TO NET PROPERTY OPERATING COST FOR FULL YEAR OF AROUND 26%.

* ARE ALSO ON TRACK TO ACHIEVE £27.5M OVERHEADS TARGET Source text for Eikon: Further company coverage:

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