Company Reports

Barratt Redrow is the UK’s largest residential property developer by revenue. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain.

On Sept. 26, 2026, UK Prime Minister Andy Burnham announced Your First Home, a new equity loan scheme in England targeting first-time buyers. Listed UK homebuilders have been crying out for demand stimulus to replace Help-to-Buy, which closed to new applicants in 2022.

Barratt Redrow reported fiscal 2026 results that broadly met expectations, having released preliminary numbers in July’s trading update. However, it lowered its fiscal 2027 guidance for completions by 1% at the midpoint, reflecting a slower planning environment.

Barratt Redrow is the UK’s largest residential property developer by revenue. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain.

Barratt Redrow is the UK’s largest residential property developer by revenue. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain.

Barratt Redrow issued a trading update for fiscal 2026, which broadly met expectations, ahead of its annual results on Sept. 16. Management set its initial guidance for fiscal 2027 and adjusted its shareholder return policy to focus on buybacks.

We are moving to a price/tangible net asset value multiple-based terminal value for the UK homebuilders. This better reflects our view on the midcycle returns each company can generate and the realizable value of the landbanks.

Barratt Redrow is the UK’s largest residential property developer by revenue. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain.

Barratt Redrow reported a trading update for the 13-week period from Dec. 29, 2025 to March 29, 2026. Guidance was maintained, but it intends to buy less land than previously anticipated due to “fewer attractive opportunities” as prices have yet to adjust to the lower-margin environment.

Barratt Redrow is the UK’s largest residential property developer by revenue. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain.

Barratt Redrow reported results covering the 26-week period ended Dec. 28, 2025. It was a mixed bag, but we view the share price reaction as overdone. Management struck a more muted tone around the spring selling season than Bellway did Feb. 10, which we think is weighing on shares Feb. 11.

Barratt Redrow issued a trading update for the 17 weeks to Oct. 26. Sales rates were as expected, with challenging market conditions and uncertainty persisting. Fiscal 2026 guidance was all unchanged.

Barratt Redrow is the UK’s largest residential property developer by revenue. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain.

Barratt Redrow reported fiscal 2025 results, with gross and operating margins a touch ahead of PitchBook consensus. It also hiked its dividend 8.6% to 17.6 pence per share, and confirmed its outlook for fiscal 2026, along with its medium-term targets.

Barratt Redrow is the UK’s largest residential property developer by revenue. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain.

We’re transferring coverage of Barratt Redrow, one of the UK’s largest residential property developers.

Barratt Redrow is the UK’s largest residential property developer by revenue. It typifies the business model employed by UK homebuilders, traditionally operating in the land development, construction, and sales and marketing segments of the residential property development value chain.

Barratt Developments is the UK’s largest homebuilder in terms of both revenue and dwelling completions. It aims to distinguish itself from UK peers with a sharp focus on build quality. While falling short of delivering durable pricing power, the strategy has been highly effective in bolstering the reputation of Barratt’s three brands—Barratt Homes, David Wilson, and Barratt London—which consistently garner more awards than peer UK homebuilders for build quality and customer satisfaction from the UK’s National House-Building Council.

We are moderating our near-term outlook for Barratt Redrow following its trading update for fiscal 2025. Management's fiscal 2026 guidance for completions came in below our expectations.

The UK homebuilders have rallied between 16% and 25% in the last month. Lenders have recently lowered mortgage rates below the Bank of England’s 4.5% policy rate, anticipating multiple rate cuts in 2025, which has helped boost homebuilder shares.