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Grainger

Investors’ Chronicle

ewcastle-based Grainger has been a residential landlord for over a century. Results for the 12 months to 30 September showed that it had added 1,300 new properties to its portfolio; 91.5% of them have already been let. Overall occupancy fell during the pandemic, but has recovered to 95%. The group is set to switch to real-estate investment trust (Reit) status, which would eliminate capital-gains tax liabilities incurred on asset sales and boost earnings. A forecast book value