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Grit Real Estate Income Group Ltd.
Sector:Real Estate Holdings & DevelopmentReg No:C128881 C1/GBL
Nature of business:
Grit is a c.USD450 million multi-listed real estate income group operating in carefully selected African countries, excluding South Africa. The Company holds primary listings on the main market of the London Stock Exchange, the main board of the Johannesburg Stock Exchange and a secondary listing on the primary market of the Stock Exchange of Mauritius.Grit's real estate investments are underpinned by countries with solid fundamentals, blue-chip international tenants and US dollar and Euro denominated long-term leases, eliminating local currency risk and delivering strong, sustainable income. Headquartered in Mauritius, Grit's diverse property portfolio spans numerous asset classes across several select countries including Mozambique, Morocco, Mauritius, Zambia, Kenya, Botswana and Ghana.Since listing on the JSE in 2014, Grit has grown its property portfolio from USD140 million to over USD600 million and has successfully delivered nine consecutive dividend distributions in line with Company guidance. Grit is a constituent of the SEM-10 index, the S-P Africa Frontier (Global) index as well as an underlying constituent of the JSE-listed Cloud Atlas AMI series BIG 50 EX-SA ETF.

General Information:
Chairman:Peter M Todd
Company Secretary:Intercontinental Fund Services Limited
E-mail Address:communications@grit.group
Postal Address:Level 3, La Croisette Shopping Mall, Grand Baie, Mauritius
Internet Address:http://www.grit.group
Telephone:(00230) 269-7090

Financial Information:
Amounts in USD '000DEC 2018
JUN 2018
Income Statement
Turnover 19 37533 238
Income Attributable To Equity Holders 20 64328 562
Earnings Per Share (ZARc) per share (cents)100.29182.47
Headline Earnings Per Share (Cont Ops) (ZARc) per share (cents)39.29196.61
Distributions Per Share (ZARc) per share (cents)75.52162.78
Balance Sheet
Ordinary Unitholders Interest 401 072279 383
Total Capital Employed 676 811516 304
Investments 572 325398 403
Other Current Assets 6 68477
Net Current Assets (87 272)(102 308)
Net Asset Value Per Share (ZARc) (cents)140.531 861.67

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