Residential-for-rent developer and manager Watkin Jones has confirmed it
is on track to meet FY2022E expectations of rising profits in today’s interim
results, which showed an 8% rise in revenue and a temporary decline in
adjusted PBT, reflecting previously signalled timing and mix of sales. We are
maintaining our estimates for FY2022E-23E, which show 21% compound
growth in PBT. Longer term, we expect further growth fuelled by increasing
demand for rental property from tenants and internat ....
17 May 2022
On track for FY forecasts driven by rush to rent
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On track for FY forecasts driven by rush to rent
Watkin Jones Plc (WJG:LON) | 42.4 0.7 4.3% | Mkt Cap: 108.9m
- Published:
17 May 2022 -
Author:
Alastair Stewart -
Pages:
8
Residential-for-rent developer and manager Watkin Jones has confirmed it
is on track to meet FY2022E expectations of rising profits in today’s interim
results, which showed an 8% rise in revenue and a temporary decline in
adjusted PBT, reflecting previously signalled timing and mix of sales. We are
maintaining our estimates for FY2022E-23E, which show 21% compound
growth in PBT. Longer term, we expect further growth fuelled by increasing
demand for rental property from tenants and internat ....