Grainger has posted a 9.7% rise in net asset value per share over the full year to the end of -September as its private rented sector strategy begins to bear fruit.
The total portfolio of the business has now grown to more than £1bn following the acquisition of a further 927 PRS units since September last year.
The UK-based residential developer sold its joint venture in German residential assets to Heitman, pushed for by activist investor Crystal Amber earlier this year. The sale generated €16m (£11m) of profit, with a full disposal of German assets to complete in the second quarter of 2016.
Incoming chief executive Helen Gordon, who arrives in her new post in December, will deliver a strategy update on 28 January 2016.
