Watkin Jones develops large-scale residential-for-rent properties in the build-to-rent & student accommodation markets.
Watkin Jones (WJG)
H1 in-line amid reviving investor appetite
Watkin Jones’s guidance for FY24E is unchanged in its trading update for the first half to 31 March. We maintain our forecasts for the full year and introduce half-year estimates, in line with reiterated guidance that performance will be significantly H2 weighted. The group confirms a continuing gradual recovery in appetite among institutional investors to forward fund its build-to-rent (BTR) and student developments. We believe this should gather pace as the direction of interest rates becomes clearer.
Read or download the full report here....