XLON
GR1T
Market cap38mUSD
Dec 05, Last price
6.05GBP
1D
0.00%
1Q
-6.92%
IPO
314.38%
Name
Grit Real Estate Income Group Ltd
Chart & Performance
P/E
—
P/S
0.60
EPS
—
Div Yield, %
19.59%
Shrs. gr., 5y
10.80%
Rev. gr., 5y
8.41%
Revenues
64m
+13.74%
Net income
-84m
L+257.56%
CFO
20m
-37.39%
Dividend
Apr 04, 20241.18539 GBP/sh
Notes
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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
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