WJG Watkin Jones Plc

TIDMWJG

Watkin Jones plc

19 January 2021

 
Leaner, lighter strategy as investment revives 
 Residential for rent developer and manager Watkin Jones today posted FY 2020 results, in which 
 profits, cash and dividend beat our estimates by c. 4 - 5%. We have maintained our FY 2021E 
 forecasts and introduced estimates for FY 2022E. Our growth assumptions are supported by further 
 evidence in the statement of a revival in forward funding by institutional investors for both 
 the Group's build-to-rent and student accommodation developments. A new strategy is aimed 
 to trial the private residential sales division more to affordable housing, in line with WJ's 
 low-risk, capital-light model. 
 

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(END) Dow Jones Newswires

January 19, 2021 04:14 ET (09:14 GMT)

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