Inactive Instrument

Grit Real Estate Income Group Limited Stock Johannesburg S.E.

Equities

GTR

GG00BMDHST63

Real Estate Development & Operations

Sales 2022 71.38M 1.34B Sales 2023 70.55M 1.32B Capitalization 198M 3.71B
Net income 2022 10M 187M Net income 2023 -23M -431M EV / Sales 2022 9.08 x
Net Debt 2022 443M 8.3B Net Debt 2023 450M 8.43B EV / Sales 2023 9.18 x
P/E ratio 2022
15.8 x
P/E ratio 2023
-8.42 x
Employees 157
Yield 2022
10.9%
Yield 2023
4.85%
Free-Float 86.32%
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Latest transcript on Grit Real Estate Income Group Limited

Managers TitleAgeSince
Founder 43 12-05-15
Founder 65 12-05-15
Director of Finance/CFO 49 15-03-31
Members of the board TitleAgeSince
Director/Board Member 75 19-02-20
Founder 65 12-05-15
Director/Board Member 55 21-03-04
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Grit Real Estate Income Group Limited is a Mauritius-based real estate company. The Company is focused on real estate investment assets in pre-selected African countries, except South Africa. The Company is focused on investing in, developing and managing a diversified portfolio of assets underpinned by predominantly United States Dollar and Euro-denominated long-term leases with multi-national tenants. Its portfolio consists of various property sectors, including office, retail, hospitality, light industrial and corporate accommodation. The Company’s properties are located across various countries, such as Mauritius, Mozambique, Morocco, Kenya, Zambia, Ghana, Botswana, Mali, Nigeria, Ethiopia, Uganda, and Senegal. Its property portfolio comprises a total of 59 assets, out of which 24 properties are held in Letlole La Rona in Botswana. The Company's subsidiaries include Grit Services Limited, Grit West Africa Limited, HM&K Properties Limited, and IDC Kenya Investments Limited.
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