Moda profit soars as build to rent schemes complete

By Joey Gardiner2022-04-11T09:36:00

Developer sees pre-tax income quadruple in year to August 2021

Build to rent pioneer Moda Living has reported a quadrupling of pre-tax profit in financial results for the year to August 2021, as it completed its first two major schemes.

Moda said it saw turnover leap from £120m in 2020 to £203m in the latest accounts, generating a pre-tax profit of £14.6m, up 456% on £3.2m the year before.

…

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

Breaking industry news as it happens
Gain access to Housing Today’s Specialist CPD modules
Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now