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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

D1W1MN
XLON:GR1T chart
P/E
P/S
112.60
EPS
Div Yield, %
0.45%
Shrs. gr., 5y
Rev. gr., 5y
14.52%
Revenues
64m
+13.74%
30,309103,034016,540,49323,095,85725,461,71333,238,00042,734,00048,534,00049,217,00050,766,00056,249,00063,977,000
Net income
-84m
L+257.56%
177,9290-56,815183,3801,973,78917,731,68528,562,00028,035,000-67,248,000-61,376,00010,443,000-23,631,000-84,496,000
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, 20241.18539 GBP/sh

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.
IPO date
Jul 31, 2018
Employees
124
Domiciled in
MU
Incorporated in
MU

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2024‑062023‑062022‑062021‑062020‑062019‑062018‑062017‑062016‑062015‑06
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%