Grainger plc (GRI) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.559 So good morning everyone and welcome to Grainger's full year results. 00:00:04.559 -- 00:00:09.988 Once again we have delivered an excellent performance as we continue to deliver 00:00:09.988 -- 00:00:14.856 strong growth in our earnings, in our income and in our margin. 00:00:14.856 -- 00:00:17.019 With high occupancy 00:00:17.019 -- 00:00:23.006 and a Grainger product which continues to deliver for customers and shareholders. 00:00:23.774 -- 00:00:27.680 So the agenda this morning is that I will take you through the highlights. 00:00:27.680 -- 00:00:32.386 Rob will take you through the financial results, including our compelling growth to come 00:00:32.386 -- 00:00:37.394 and our conversion to REIT status. And then I'll go through our investment case, the 00:00:37.394 -- 00:00:42.802 strength of our market, and give you a quick insight into one of our new openings. 00:00:42.802 -- 00:00:47.488 And I will explain how we're well positioned for the changes to renting that are due 00:00:47.488 -- 00:00:54.275 to come in from next May and how we are driving shareholder value. 00:00:54.368 -- 00:00:59.852 We'll then have time for Q&A with members of the senior leadership team. 00:01:00.676 -- 00:01:06.342 So I'm pleased to tell you that Grainger is now the UK's leading 00:01:06.342 -- 00:01:09.827 residential REIT. Feels quite good to say that. 00:01:09.827 -- 00:01:15.413 We are a built-to-rent investor operator with a sector-leading portfolio of high-quality 00:01:15.413 -- 00:01:18.775 homes in the best location. 00:01:19.377 -- 00:01:24.484 Our fully integrated operational platform enhanced by technology is capable of 00:01:24.484 -- 00:01:30.573 scaling and this operational platform gives us a real competitive advantage 00:01:30.5...