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Grit Real Estate Income Group Ltd.
Short Name:GRITREALJSE Code:GTR
Sector:Real Estate Holdings & DevelopmentReg No:C128881 C1/GBL
Founded:16/05/2012Listed:20/08/2012
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.

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
Fax:()

Financial Information:
Amounts in USD '000DEC 2018
Interim
JUN 2018
Final
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)72.98162.78
 
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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