Watkin Jones PLC

British build-to-rent developer Watkin Jones has downgraded its profit forecast for the financial year because completions of property transactions are expected to be delayed. The cause is higher interest rates and increased geopolitical uncertainty, which are prompting institutional investors to be cautious about deals. It is unlikely that all transactions will complete by September 30, so adjusted operating annual profit is expected to remain at the level of the first half. Watkin Jones stresses a robust balance sheet and expects to benefit from long-term demand once market conditions improve. » More on de.investing.com

Watkin Jones will hold a live presentation on Thursday at 14:00 GMT to discuss the annual results for the financial year ending 30 September 2025. CEO Alex Pease and CFO Simon Jones will explain the company’s financial performance and answer questions in an interactive Q&A. Participation is via Investor Meet Company; questions can be submitted in advance or live, and registered followers will automatically receive an invitation. » More on de.investing.com

Watkin Jones reports a project pipeline of around £2bn for the year to 30 September 2025 and contractually secured forward sales of about £340m for 2026. Revenue fell to £279.8m (prior year £362.4m), and adjusted operating profit decreased to £6.3m. Adjusted net cash amounted to £70.5m; shortly after the reporting date a further £10.3m was received from a Glasgow transaction. Approvals for approximately 1,140 student apartments and 230 build-to-rent units, along with new joint ventures and development partnerships, underpin the diversification strategy, whose share of revenue rose to around 30%. » More on de.investing.com