Watkin Jones develops large-scale residential-for-rent properties in the build-to-rent & student accommodation markets.
Watkin Jones (WJG)
Guidance unchanged as investment rekindles
Watkin Jones has maintained its FY24E guidance following today’s results for the six months to 31 March, which showed operating profit more than doubling. The group continues to expect a heavy H2 weighting as it has focused on operational performance while the forward-funding market has remained largely on hold, pending further clarity on the direction of interest rates. Sentiment is now gradually improving, according to the group.
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