Here we aim to provide current and potential investors with access to historical and up to date information, including the latest share price, regulatory news announcements and annual reports, along with other financial related materials and tools.
We now hold a unique position in the UK residential market; that of being an owner, property manager, trader, asset and fund manager. As a result, few people understand the complexities and opportunities of residential property as well as Grainger.
| 2009 | 2008 | Change | |
|---|---|---|---|
| Property and related assets (£m) | 2,200 | 2,405 | (8.3%) |
| Gross NAV per share (p) | 411 | 533 | (23.1%) |
| Grainger NAV per share (p) ((base case) | 360 | 520 | (31.1%) |
| Earnings before interest and tax* (£m) | 78.8 | 106.0 | (25.7%) |
| Dividends per share (p) | 3.91p | 6.18p | 36.7% |
| LTV (%) (Core banking facilitities) | 66% | 64% | - |
| Interest cover | 2.7 x | 2.2 x | - |
* Earnings before interest and tax comprises operating profit before valuation gains, trading stock and loan impairment provisions, fair value adjustments and goodwill impairment
** LTV calculated on the Core banking facilities. In 2008 the LTV was adjusted for early partial conversion of the convertible bond in November 2008