0R15 8359.0 4.4875% 0R1E 8320.0 3.8572% 0M69 None None% 0R2V 190.5 2.008% 0QYR 1345.5 2.0871% 0QYP 421.5 4.3317% 0LCV 146.6464 -1.3147% 0RUK None None% 0RYA 1641.0 -0.3038% 0RIH 169.75 2.2282% 0RIH 171.8 1.2077% 0R1O 187.5 9980.6452% 0R1O None None% 0QFP None None% 0M2Z 308.9 0.0972% 0VSO None None% 0R1I None None% 0QZI 471.5 1.0718% 0QZ0 220.0 0.0% 0NZF None None%

GRIT Real Estate Income Group

Real Estate GB GR1T

20.0GBP
-(-%)

Last update at 2024-05-15T10:42:00Z

Day Range

19.0720.98
LowHigh

52 Week Range

12.4533.40
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax -21.34800M 17.73M -60.93100M -53.86600M 39.49M
Minority interest 1.94M -0.67000M 9.45M -0.61400M 4.58M
Net income -23.63100M 10.44M -61.37600M -67.24800M 28.04M
Selling general administrative 22.58M 16.94M 13.87M 20.13M 15.27M
Selling and marketing expenses - - - - -
Gross profit 46.62M 42.11M 40.67M 38.00M 32.32M
Reconciled depreciation - 0.68M 0.72M 0.59M 0.39M
Ebit 20.46M 60.34M 26.85M 19.25M 62.59M
Ebitda 33.87M 61.01M -18.83200M -13.07400M 62.98M
Depreciation and amortization 13.40M 0.68M -45.68100M -32.31900M 0.39M
Non operating income net other - - - - -
Operating income 20.46M 60.34M 26.85M 19.25M 62.59M
Other operating expenses 32.27M 26.76M 22.37M 29.29M 25.57M
Interest expense 39.58M 26.15M 25.44M 22.81M 20.73M
Tax provision 4.22M 6.62M 0.45M 13.38M 13.42M
Interest income 4.10M 1.94M 2.69M 4.75M 7.90M
Net interest income -35.48600M -24.21600M -22.75200M -20.11400M -15.04800M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 4.22M 6.62M 0.45M 13.38M 13.42M
Total revenue 56.25M 50.77M 49.22M 48.53M 42.73M
Total operating expenses 22.65M 18.10M 13.82M 18.76M 15.15M
Cost of revenue 9.62M 8.66M 8.54M 10.53M 10.42M
Total other income expense net -41.81300M -42.60100M -87.78000M -73.11100M -23.10300M
Discontinued operations - - - - -
Net income from continuing ops -25.57300M 11.11M -61.37600M -67.24800M 26.07M
Net income applicable to common shares - 10.44M -51.92700M -63.11500M 28.04M
Preferred stock and other adjustments - - - - -
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Total assets 907.69M 937.22M 810.71M 845.70M 863.88M
Intangible assets - 0.67M 0.48M 0.57M 0.58M
Earning assets - - - - -
Other current assets - 1.86M 57.97M 33.39M 35.15M
Total liab 574.07M 567.84M 532.30M 548.43M 469.35M
Total stockholder equity 359.07M 391.60M 296.34M 297.88M 389.95M
Deferred long term liab - - - - -
Other current liab 15.36M 44.31M 10.46M 21.66M 2.49M
Common stock 535.69M 535.69M 463.84M 454.14M 443.26M
Capital stock 567.29M 565.25M 489.32M 454.14M 443.26M
Retained earnings -218.34900M -177.99000M -176.07300M -133.78400M -34.86800M
Other liab - 49.59M 51.72M 57.42M 44.41M
Good will - - - - -
Other assets - 630.46M 27.93M 77.72M 89.46M
Cash 9.21M 26.00M 4.89M 3.58M 15.16M
Cash and equivalents - - - - -
Total current liabilities 143.15M 234.85M 233.20M 126.11M 238.62M
Current deferred revenue - - - - 27.67M
Net debt 436.93M 430.25M 427.55M 444.99M 364.02M
Short term debt 81.42M 185.70M 197.90M 96.51M 205.71M
Short long term debt 80.16M 184.83M 197.69M 91.72M 205.36M
Short long term debt total 446.14M 456.25M 432.44M 448.56M 379.19M
Other stockholder equity 10.13M 4.34M -16.91100M -22.47800M -18.44200M
Property plant equipment - 2.09M 551.94M 569.14M 569.89M
Total current assets 33.75M 97.01M 62.86M 36.97M 50.32M
Long term investments - - - - 153.63M
Net tangible assets - 361.37M 270.38M 297.31M 389.37M
Short term investments - - - - -
Net receivables 18.58M 69.14M 57.89M 33.35M 28.86M
Long term debt 361.38M 270.01M 233.79M 351.15M 173.35M
Inventory - - - - -
Accounts payable 46.37M 4.84M 24.84M 7.94M 2.75M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - -4.12100M -0.75700M
Additional paid in capital - - - - -
Common stock total equity - - - 454.14M 443.26M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - -18.40600M -18.40600M -18.40600M
Accumulated amortization - - - - -
Non currrent assets other 856.43M 824.91M 724.85M 780.32M 790.34M
Deferred long term asset charges - - - - -
Non current assets total 873.93M 840.21M 747.84M 808.73M 813.56M
Capital lease obligations 4.60M 1.41M 0.95M 1.16M 0.17M
Long term debt total - - - - -
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments 26.91M -32.28100M -2.13200M -2.33600M -14.05300M
Change to liabilities - -0.28100M 0.70M -4.74200M 5.99M
Total cashflows from investing activities - -52.85300M -1.53000M -5.45000M -113.40500M
Net borrowings - 25.64M 9.49M 45.02M 42.36M
Total cash from financing activities -75.05100M 63.78M -9.92000M -17.94600M 103.39M
Change to operating activities - - - 4.00M 2.62M
Net income -23.63100M 17.73M -60.93100M -53.86600M 39.49M
Change in cash -16.81400M 21.83M 7.94M -12.30300M 12.49M
Begin period cash flow 24.15M 2.31M -5.62900M 6.67M -5.81200M
End period cash flow 7.33M 24.15M 2.31M -5.62900M 6.67M
Total cash from operating activities 32.55M 11.29M 19.89M 11.66M 22.26M
Issuance of capital stock 0.00000M 85.99M 9.81M 0.00000M 126.12M
Depreciation - 0.68M 0.72M 0.59M 0.39M
Other cashflows from investing activities - 19.87M 5.86M 30.23M 9.13M
Dividends paid 22.62M 11.80M 4.78M 36.48M 33.15M
Change to inventory - - - - -
Change to account receivables - 1.83M 0.19M -7.09400M -4.91600M
Sale purchase of stock -0.09400M - 9.81M 0.00000M -3.59500M
Other cashflows from financing activities -0.43300M 48.81M 26.05M 143.45M 118.92M
Change to netincome - -1.37300M 71.81M 80.02M -11.64900M
Capital expenditures 0.29M 0.12M 0.18M 0.73M 0.90M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital - 1.55M 0.89M -7.83600M 3.69M
Stock based compensation - 1.24M 0.13M 0.11M 0.16M
Other non cash items - -9.90200M 28.73M 35.12M 17.17M
Free cash flow 32.26M 11.18M 19.70M 10.93M 21.36M

Fundamentals

  • Previous Close 20.00
  • Market Cap98.34M
  • Volume5408
  • P/E Ratio-
  • Dividend Yield15.82%
  • EBITDA39.64M
  • Revenue TTM70.55M
  • Revenue Per Share TTM0.15
  • Gross Profit TTM 62.72M
  • Diluted EPS TTM-0.04

Peer Comparison

Sector: Real Estate Industry: Real Estate Services

Company Change (GBP) Price (GBP) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
GR1T
GRIT Real Estate Income Group
- -% 20.00 - - 1.39 0.38 8.48 31.59
GRI
Grainger PLC
3.00 1.12% 272.00 67.95 28.90 7.49 1.03 12.86 57.55
IWG
IWG PLC
5.70 2.86% 205.00 - 66.67 0.60 9.60 2.70 5.63
SVS
Savills
14.00 1.21% 1170.00 16.39 17.48 0.62 2.00 0.72 7.34
SRE
Sirius Real Estate Limited
1.25 1.28% 98.55 31.33 12.64 4.37 1.15 7.00 26.13

Reports Covered

Stock Research & News

Profile

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 multinational 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 both income and capital growth. The Company holds its primary listing on the main market of the London Stock Exchange (LSE: GR1T) and a dual currency trading secondary listing on the Stock Exchange of Mauritius (SEM: DEL.N0000 (USD) / DEL.C0000 (MUR)).

GRIT Real Estate Income Group

Alexander House, Ebène, Mauritius, 72201

Key Executives

Name Title Year Born
Ms. Bronwyn Anne Knight B.Com., C.A. CEO & Exec. Director 1982
Mr. Leon Paul van de Moortele C.A. CFO & Exec. Director 1976
Marieke Pieterse Head of Operations Mang. NA
Mr. Oteng Keabetswe Chief Investment Officer NA
Mr. Darren Veenhuis A.C.A., B.Com., C.A., C.F.A. Head of Investor Relations & Corp. Fin. NA
Ms. Anouchka Chummun Group Compliance Mang. NA
Alex Mugambi Head of Legal NA
Ms. Corinne Robert Head of Communications NA
Leigh Varrie Head of Marketing NA
Ms. Aurelie Mallac Head of Human Capital NA

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