XLON
GR1T
Market cap38mUSD
Apr 30, Last price
6.15GBP
Name
Grit Real Estate Income Group Ltd
Chart & Performance
P/E
—
P/S
0.61
EPS
—
Div Yield, %
19.27%
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
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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.
Valuation
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