Progressive publish new research
Demand grows in rental and student marketsResidential-for-rent developer and manager Watkin Jones has confirmed in today's trading update that operating profit for the year to September 2021 will be in line with expectations, but that year-end net cash of £125m is £40m ahead of our estimates. We are not changing our FY22E P&L estimates but have increased our net cash in line with the 'beat' for FY21E. The statement precedes today's Capital Markets Day at which WJG will highlight its sustainability and affordable homes strategies against what we see as a backdrop of increasingly supportive build-to-rent and student markets. |
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About Progressive:
Progressive helps you make informed investment decisions. FCA authorised and regulated, and with a 15-strong team of highly experienced analysts, we provide freely available institutional grade equity research and access to company management teams across every sector of the market.
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across 12 sectors |
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Business Services |
Oil & Gas |
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Financials |
Property |
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Healthcare |
Retail |
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Industrials |
Technology |
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techMARK |
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Investment Trusts |
Telecoms |
industry based |
Extel |
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Mining |
Utilities |
awards |
StarMine |
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For further information please contact:
Emily Ritchie
+44 (0) 20 7781 5311
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