Peabody has more than doubled its surplus after increasing income from fixed asset sales.

The 110,143-home housing association, in its financial statements today reported a surplus of £102m, up from £47m the previous year.

Peabody, as it previously announced in a trading update, generated £127m from the disposal of fixed assets in 2025/26. This is significantly more than in recent years and an increase of £49m on the £78m posted in 2024/25.

The accounts published this morning show it generated £109m from the sale of 449 empty homes and a 150-unit student accommodation block in north west London. The figure also includes £19m from 424 shared ownership staircasing sales.