Grit Real Estate Income Group Limited is the leading Pan-African real estate company focused on investing in, developing and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors. The Company is committed to delivering strong and sustainable income for shareholders, with the potential for income and capital growth. The Company holds its primary listing on the Main Market of the London Stock Exchange and a secondary listing on the Stock Exchange of Mauritius. Grit Real Estate Income Group Limited was established on May 15, 2012 and incorporated in United Kingdom.
Research context
Grit Real Estate Income Group Limited appears in PyInvesting’s London Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- GBP
- Sector
- Real Estate
- Industry
- Real Estate Services
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5 years, 6 months ago
Grit Real Estate Income Group Limited is currently in a long term uptrend where the price is trading 13.1% above its 200 day moving average.
From a valuation standpoint, the stock is 92.5% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 4.4.
Grit Real Estate Income Group Limited's total revenue sank by 0.0% to $18M since the same quarter in the previous year.
Its net income has dropped by 0.0% to $7M since the same quarter in the previous year.
Finally, its free cash flow fell by 13.7% to $3M since the same quarter in the previous year.
Based on the above factors, Grit Real Estate Income Group Limited gets an overall score of 2/5.