Watkin Jones plc Progressive publishes new research
May 18 2021 - 3:37AM
RNS Non-Regulatory
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Watkin Jones plc
18 May 2021
Momentum building with investor confidence
Residential for rent developer and manager Watkin Jones reports increasing investor confidence
in today's HY 2021 results, which show recovery in demand and development activity continuing
to build momentum from the second half of FY 2020. Highlights include build-to-rent (BTR)
growing to a third of revenue and an encouraging first step into 'co-living'. For now we are
maintaining our estimates for profitability and cash, but now consider the risk has moved
more to the upside if this momentum is maintained.
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