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Grainger provided an update on trading with Hawkins & George at Finzels Reach now fully let, and a new acquisition agreed in Bristol.
The company also reported that the PRS Partnership with Transport for London was growing at pace.
Helen Gordon, chief executive, said:
'I am pleased to report a period of continued strong performance for Grainger. Our disciplined investment decisions and clear focus on operational excellence is delivering sustainable growth for shareholders, customers and communities alike.'
'Since the start of our strategy in 2016 we have committed investment of £1,555m into new private rental housing.'
'During the year, we have competed 912 new private rental homes, with a further 1,150 to come in FY20. Our most recently launched schemes in Bristol, Manchester and Hampshire are leasing well and ahead of expectations. In particular, Hawkins & George in Bristol, which comprises 194 apartments, is now fully let in 3.5 months since launch, well ahead of expectations and our initial underwriting.'
At 9:41am: (LON:GRI) Grainger PLC share price was +0.1p at 245.1p