Watkin Jones plc Progressive publish new research
November 02 2021 - 4:09AM
RNS Non-Regulatory
TIDMWJG
Watkin Jones plc
02 November 2021
Demand grows in rental and student markets
Residential-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 GBP125m is GBP40m 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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November 02, 2021 05:09 ET (09:09 GMT)
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