LON:GR1T - Grit Real Estate Income Group Stock Price, News, & Analysis

GBX 140.50
0.00 (0.00 %)
(As of 06/16/2019 04:00 PM ET)
Today's Range
140.50
Now: GBX 140.50
140.50
50-Day Range
1.41
MA: GBX 93.38
142
52-Week Range
1.39
Now: GBX 140.50
148.23
VolumeN/A
Average VolumeN/A
Market Capitalization£286.74 million
P/E Ratio1,115.08
Dividend Yield8.06%
BetaN/A
Grit is a pan African property investment company focusing on African real estate assets (excluding South Africa and Namibia). The Company is underpinned by predominantly US Dollar and Euro denominated, medium to long term leases with high quality global graded tenants, delivering sustainable income and growth. The Company holds dual primary listings on the main board of the Johannesburg Stock Exchange ("JSE"), since July 2014, and on the Official Market of the Stock Exchange of Mauritius Ltd ("SEM"), since March 2015. The Company has announced a potential listing on the main market of the London Stock Exchange ("LSE Listing") which is due to take place in July 2018. The Company has seen significant growth in the portfolio, with total property related investments of US$591m. The Company has exposure into Morocco, Mozambique, Mauritius, Kenya and Zambia. During the reporting and subsequent period, the Company entered the Botswana and Ghana markets. The Group's strategy remains to expand its property portfolio throughout targeted countries in Africa. The Company's expansion will provide sustainable long term, hard currency-based income from high quality global graded tenants. The core focus of the Company is on enhancing shareholder value through a progressive dividend policy and long- term capital growth, which supports the target net asset value growth of the Company. The Company's sustained delivery has been attributed to the geographic and asset class diversification, low portfolio vacancy rate, long term lease profile, redevelopment opportunities and strong management expertise.

Industry, Sector and Symbol

Industry REIT - Diversified
Sub-IndustryN/A
SectorReal Estate
CUSIPN/A
CIKN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales£60.22 million
Cash FlowGBX 1.90 per share
Book ValueGBX 135.30 per share

Profitability

Miscellaneous

EmployeesN/A
Market Cap£286.74 million
Next Earnings DateN/A
OptionableNot Optionable

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Grit Real Estate Income Group (LON:GR1T) Frequently Asked Questions

What is Grit Real Estate Income Group's stock symbol?

Grit Real Estate Income Group trades on the London Stock Exchange (LON) under the ticker symbol "GR1T."

How often does Grit Real Estate Income Group pay dividends? What is the dividend yield for Grit Real Estate Income Group?

Grit Real Estate Income Group announced a dividend on Thursday, February 14th. Investors of record on Thursday, March 7th will be paid a dividend of GBX 0.05 per share on Friday, April 5th. This represents a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, March 7th. The official announcement can be accessed at this link. View Grit Real Estate Income Group's Dividend History.

Has Grit Real Estate Income Group been receiving favorable news coverage?

Headlines about GR1T stock have trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Grit Real Estate Income Group earned a daily sentiment score of 1.2 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Grit Real Estate Income Group.

Who are some of Grit Real Estate Income Group's key competitors?

Who are Grit Real Estate Income Group's key executives?

Grit Real Estate Income Group's management team includes the folowing people:
  • Ms. Bronwyn Anne Corbett, CEO & Exec. Director (Age 37)
  • Mr. Leon Paul van de Moortele, CFO & Exec. Director (Age 43)
  • Ms. Heidi Rix, COO & Group Gen. Mang.
  • Ms. Belinda Wong-Vacher, Chief Investment and Corp. Advisory Officer (Age 34)
  • Darren Veenhuis, Head of Investor Relations

How do I buy shares of Grit Real Estate Income Group?

Shares of GR1T and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.

What is Grit Real Estate Income Group's stock price today?

One share of GR1T stock can currently be purchased for approximately GBX 140.50.

How big of a company is Grit Real Estate Income Group?

Grit Real Estate Income Group has a market capitalization of £286.74 million and generates £60.22 million in revenue each year. View Additional Information About Grit Real Estate Income Group.

What is Grit Real Estate Income Group's official website?

The official website for Grit Real Estate Income Group is http://www.grit.group/.


MarketBeat Community Rating for Grit Real Estate Income Group (LON GR1T)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  3 (Vote Outperform)
Underperform Votes:  3 (Vote Underperform)
Total Votes:  6
MarketBeat's community ratings are surveys of what our community members think about Grit Real Estate Income Group and other stocks. Vote "Outperform" if you believe GR1T will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GR1T will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/16/2019 by MarketBeat.com Staff

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