XLONGR1T
Market cap63mUSD
Dec 20, Last price
10.50GBP
1D
0.00%
1Q
-20.75%
IPO
619.18%
Name
Grit Real Estate Income Group Ltd
Chart & Performance
Profile
Grit is listed on the London Stock Exchange main market (LSE: GR1T), the Johannesburg Stock Exchange main board (JSE: GTR) and the Stock Exchange of Mauritius Ltd official market (SEM: DEL.N0000). Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). By investing in real estate assets across Africa, the Company is building a secure financial future for schools, employees, non-profit organisations, and the like. As such, Grit is unlocking potential across the African continent in an effort to anchor communities and create sustainable jobs. The company's high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors. The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income and capital growth. The Company is targeting 8.5%+ p.a. dividend yield in USD and 12.0%+ p.a. NAV total return.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑06 | 2023‑06 | 2022‑06 | 2021‑06 | 2020‑06 | 2019‑06 | 2018‑06 | 2017‑06 | 2016‑06 | 2015‑06 | |
Income | ||||||||||
Revenues | 63,977 13.74% | 56,249 10.80% | 50,766 3.15% | |||||||
Cost of revenue | 30,317 | 32,202 | 25,600 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 33,660 | 24,047 | 25,166 | |||||||
NOPBT Margin | 52.61% | 42.75% | 49.57% | |||||||
Operating Taxes | (1,132) | 4,225 | 6,621 | |||||||
Tax Rate | 17.57% | 26.31% | ||||||||
NOPAT | 34,792 | 19,822 | 18,545 | |||||||
Net income | (84,496) 257.56% | (23,631) -326.29% | 10,443 -117.01% | |||||||
Dividends | (8,143) | (22,618) | (11,800) | |||||||
Dividend yield | 9.35% | 14.43% | 8.69% | |||||||
Proceeds from repurchase of equity | (98) | 292,877 | 54,488 | |||||||
BB yield | 0.11% | -186.87% | -40.13% | |||||||
Debt | ||||||||||
Debt current | 391,654 | 81,422 | 185,696 | |||||||
Long-term debt | 149,911 | 369,316 | 271,966 | |||||||
Deferred revenue | ||||||||||
Other long-term liabilities | 1,857 | 14,274 | 12,840 | |||||||
Net debt | 522,799 | 441,531 | 431,660 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 20,381 | 32,551 | 11,293 | |||||||
CAPEX | (443) | (295) | (117) | |||||||
Cash from investing activities | (7,309) | 26,908 | (52,853) | |||||||
Cash from financing activities | (3,485) | (75,051) | 63,785 | |||||||
FCF | (51,996) | 48,644 | 9,787 | |||||||
Balance | ||||||||||
Cash | 18,766 | 9,207 | 26,002 | |||||||
Long term investments | ||||||||||
Excess cash | 15,567 | 6,395 | 23,464 | |||||||
Stockholders' equity | 330,589 | 349,923 | 385,588 | |||||||
Invested Capital | 884,454 | 786,917 | 814,242 | |||||||
ROIC | 4.16% | 2.48% | 2.42% | |||||||
ROCE | 3.55% | 2.84% | 2.84% | |||||||
EV | ||||||||||
Common stock shares outstanding | 483,657 | 482,250 | 399,339 | |||||||
Price | 0.18 -44.62% | 0.33 -4.41% | 0.34 -26.09% | |||||||
Market cap | 87,058 -44.45% | 156,731 15.43% | 135,775 -5.99% | |||||||
EV | 712,462 | 604,402 | 574,769 | |||||||
EBITDA | 34,832 | 25,227 | 25,843 | |||||||
EV/EBITDA | 20.45 | 23.96 | 22.24 | |||||||
Interest | 50,286 | 39,582 | 26,151 | |||||||
Interest/NOPBT | 149.39% | 164.60% | 103.91% |