- Hit by tax changes to multiple occupancy dwellings
- Company expects continued rental growth
It wasn’t immediately obvious from the results for landlord specialist Grainger (GRI) that demand for rental accommodation has reached highs last seen in the 19th century. The removal of multiple dwelling relief had a suppressive effect on the group’s net asset value (NAV), with EPRA NTA falling by 4 per cent to end the half at 294p a share. However, if this tax impact is excluded, then the same measure stays broadly stable with just a 0.4 per cent fall.