|Short Name:||GRITREAL||JSE Code:||GTR|
|Sector:||Real Estate Holdings & Development||Reg No:||C128881 C1/GBL|
|Nature of business:|
Grit Real Estate Income Group ("Grit" or "the Company"), is a multi-listed real estate income group operating in carefully selected African countries and is currently listed on the Main Market of the London Stock Exchange ("LSE"), the Main Board of the Johannesburg Stock Exchange Limited ("JSE") and the Official Market of the Stock Exchange of Mauritius Limited ("SEM"). Grit has a robust property portfolio with diversification across sectors and geography, backed by comprehensive risk mitigation policies and procedures. The Company optimises its structural investments, underpinned by solid property fundamentals, to achieve compelling US Dollar returns. Its ability to sustain distribution is supported by predominantly US Dollar and EURO-denominated long-term leases with blue chip multinational tenants, eliminating currency risk and delivering strong sustainable income.Since listing on the JSE in 2014, Grit has grown its property portfolio from USD140 million to over USD796 million and has successfully delivered ten 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.
|Chairman:||Peter M Todd|
|Company Secretary:||Intercontinental Fund Services Limited|
|Postal Address:||Level 3, La Croisette Shopping Mall, Grand Baie, Mauritius|
|Amounts in USD '000||DEC 2018|
|Turnover ||19 375||33 238|
|Income Attributable To Equity Holders ||20 643||28 562|
|Earnings Per Share (ZARc) per share (cents)||100.29||182.47|
|Headline Earnings Per Share (Cont Ops) (ZARc) per share (cents)||39.29||196.61|
|Distributions Per Share (ZARc) per share (cents)||72.98||162.78|
|Ordinary Unitholders Interest ||401 072||279 383|
| || |
|Total Capital Employed ||676 811||516 304|
| || |
|Investments ||572 325||398 403|
|Other Current Assets ||6 684||77|
|Net Current Assets ||(87 272)||(102 308)|
|Net Asset Value Per Share (ZARc) (cents)||140.53||1 861.67|
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