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
CIKN/A
PhoneN/A
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales£60.22 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings DateN/A
OptionableNot Optionable
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?
Some companies that are related to Grit Real Estate Income Group include Centuria Metropolitan REIT (CMA), Hibernia REIT (HBRN), Arena REIT No 1 (ARF), Rural Funds Group (RFF), Hamborner Reit (HAB), GCP Student Living (DIGS), Hotel Property Investments (HPI), Carindale Property Trust (CDP), Custodian REIT (CREI), PRS Reit (PRSR), LXi REIT (LXI), A & J Mucklow Group P L C (MKLW), Standard Life Inv Prop Inc Trust (SLI), RDI Reit (RDI) and McKay Securities (MCKS).
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?
What is Grit Real Estate Income Group's official website?
MarketBeat Community Rating for Grit Real Estate Income Group (LON GR1T)
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.
