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LON:GR1TGrit Real Estate Income Group Share Price, Forecast & News

GBX 0.65
-0.19 (-22.62 %)
(As of 07/14/2020)
Add
Compare
Today's Range
0.63
Now: GBX 0.65
0.63
50-Day Range
0.75
MA: GBX 0.81
0.85
52-Week Range
0
Now: GBX 0.65
1.38
Volume74 shs
Average VolumeN/A
Market Capitalization£1.99 million
P/E Ratio9.42
Dividend Yield14.79%
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 3.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.68 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales£72.89 million
Cash FlowGBX 6.54 per share
Book ValueGBX 129.20 per share

Profitability

Miscellaneous

EmployeesN/A
Market Cap£1.99 million
Next Earnings DateN/A
OptionableNot Optionable
GBX 0.65
-0.19 (-22.62 %)
(As of 07/14/2020)
30 days | 90 days | 365 days | Advanced Chart

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

How has Grit Real Estate Income Group's stock been impacted by COVID-19 (Coronavirus)?

Grit Real Estate Income Group's stock was trading at GBX 1.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GR1T shares have decreased by 41.2% and is now trading at GBX 0.65.
View which stocks have been most impacted by Coronavirus
.

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 declared a dividend on Thursday, February 13th. Investors of record on Thursday, March 5th will be given a dividend of GBX 0.05 per share on Friday, April 3rd. This represents a dividend yield of 4.45%. The ex-dividend date of this dividend is Thursday, March 5th. The official announcement can be seen at this link.
View Grit Real Estate Income Group's dividend history
.

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

Media headlines about GR1T stock have been trending very negative on Tuesday, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Grit Real Estate Income Group earned a media sentiment score of -3.6 on InfoTrie's scale. They also gave news stories about the company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the stock's share price in the next several days.
View the latest news about 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 following 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

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 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 0.65.

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

Grit Real Estate Income Group has a market capitalization of £1.99 million and generates £72.89 million in revenue each year.

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

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

This page was last updated on 8/4/2020 by MarketBeat.com Staff

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