Grainger resilient despite tough backdrop

FTSE 250 residential property owner and manager Grainger said it has put in a strong operational performance in the third quarter but did caution the fragility of the economic backdrop.

FTSE 250 residential property owner and manager Grainger said it has put in a strong operational performance in the third quarter but did caution the fragility of the economic backdrop.

Completed group sales in the fourth months to July 31st totalled £89.9, taking total sales in the first ten months of the financial year to £202.1m, up 13% over last year, as a result of a "resilient portfolio, evidenced by growth in our three income streams - sales, rents and fees".

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