Wheatley Housing Group — Scotland’s biggest social landlord — has published its annual report for the year ended March 31, 2026, showing turnover grew from £516.8 million to £535.6 million and operating surplus increased from £161.4 million to £167.9 million.

Wheatley owns and manages over 93,700 homes.

“The 2025/26 surplus was used to fund investment of £93.6m in improving our homes and neighbourhoods and to meet interest costs of £79.6m on borrowings,” said Wheatley.

“At 31 March 2026 our net asset position strengthened from £1,617.0m to £1,844.3m.

“The group completed its annual review process with S&P Global, the credit rating agency, retaining an A+ rating with stable outlook reflecting the group’s strong financial management.

“The review included an analysis of financial performance and business plans, as well as an assessment of Scotland’s operating and regulatory environment.

“Achieving a robust financial position is crucial for us as we continue to invest in the quality, safety and security of our homes.

“We have held an A+ stable rating since 2019 and it places us in a small number of the highest rated large housing providers in the UK. S&P Global also reviewed the separate standalone rating for (mid-market letting and property management subsidiary) Lowther which retained its A rating.”

Wheatley added: “As at 31 March 2026, Wheatley Group had £2,323.7m (2025: £2,049.9m) of bond and bank funding facilities in place with total group drawn debt balances of £1,813.7m (2025: £1,725.5m). Facilities of £510.0m (2025: £324.4m) were undrawn at the year end, providing a high level of liquidity for the group.”