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XLON
GR1T
Market cap39mUSD
Apr 30, Last price  
6.15GBP
Name

Grit Real Estate Income Group Ltd

Chart & performance

D1W1MN
XLON:GR1T chart
P/E
P/S
0.62
EPS
Div yield, %
19.27%
Shrs. gr., 5y
10.80%
Rev. gr., 5y
8.41%
Revenues
64m
+13.74%
30,309103,034016,540,00023,096,00024,004,00033,238,00042,734,00048,534,00049,217,00072,548,00056,249,00063,977,000
Net income
-84m
L+257.56%
177,929-104,000-56,815183,3801,974,000-6,634,00028,562,00028,035,000-63,115,000-51,927,00010,443,000-23,631,000-84,496,000
CFO
20m
-37.39%
0104,191-400,891-14,116,4221,155,594-11,465,455-6,992,00022,258,00011,661,00019,885,00011,293,00032,551,00020,381,000
Dividend
Apr 04, 20241.18661 GBP/sh

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Profile

Grit Real Estate Income Group Limited stands as a prominent pan-African real estate investment and management firm, listed on the London Stock Exchange (LSE: GR1T), the Johannesburg Stock Exchange (JSE: GTR), and the Stock Exchange of Mauritius Ltd (SEM: DEL.N0000). The company strategically acquires and actively oversees a diverse portfolio of properties within carefully chosen African nations, with the exception of South Africa. Beyond its financial objectives, Grit is dedicated to fostering societal progress across the continent. Its real estate investments aim to secure financial futures for educational institutions, employees, and charitable organizations, thereby unlocking potential, strengthening communities, and creating sustainable employment opportunities. The company's high-quality assets are characterized by long-term leases, predominantly valued in US Dollars and Euros, and backed by a wide array of reputable multinational tenants operating across robust and varied property sectors. For shareholders, Grit is committed to delivering strong, reliable income, coupled with the potential for both capital growth and increased distributions. The company specifically targets an annual dividend yield exceeding 8.5% in US dollars and a Net Asset Value (NAV) total return of over 12.0% per year.

Key people

Executive Chairman
Peter McAllister Todd
Independent Non-Executive Chairman · since 2018
Greg Pearson
Co-Founder · since 2014
Leon Paul van de Moortele
Chief Finance Officer, Executive Director · since 2015
Heidi Rix
Group General Manager / Chief Operating Officer
Chief Executive Officer, Executive Director
Mohammed Bouibaune
Group Finance Manager � Morocco · since 2016
Karen Bramley
Country Executive � East Africa
Sana Dawood
Finance Manager � Mauritius
Debby Kippen
Senior Asset Manager
Trevor John Matthews
Senior Operations Asset Manager
Ashvin Metturjeet
Finance Manager � Mauritius
Ojong Nso
Financial Asset Manager � Group Asset Management
Jaco van Zyl
Deputy Chief Financial Officer · since 2017
Darren T. Veenhuis
Head of Business Development & Investor Relations · since 2019
David Love
Independent Non-Executive Director · since 2018
Catherine Mcllraith
Independent Non-Executive Director · since 2017
IPO date
Jul 31, 2018
Employees
124
Domiciled in
MU
Incorporated in
MU
Legal address
PO BOX 186, ROYAL CHAMBERS
ST JULIAN'S AVENUE
ST PETER PORT GY1 4HP
GG
Headquarters
3RD FLOOR
LA CROISETTE SHOPPING MALL
GRAND BAY, RR 30517
MU

Valuation

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