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Grit Real Estate Income Group

Capital Network analyst on a 'very strong' period of growth for GRIT Real Estate Income Group

Capital Network analyst Ed Stacey says GRIT Real Estate Income Group (LON:GR1T) has achieved good progress since its London Stock Exchange (LSE) listing in July 2018.

Results for the half-year ended 31 December (released 14 February) showed gross rental income +25.9% year-on-year and group loan-to-value down to 43.4% (full-year to June 2018: 51.4%).

Stacey says performance has been achieved in spite of pockets of significant weakness in the African retail sector, highlighting the value of GRIT's diversification strategy.

Quick facts: Grit Real Estate Income Group

Price: $1.38

Market: LSE
Market Cap: $407.63 m
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Performance demonstrates 'robustness' of Grit Real Estate Income's business...

Capital Network analyst Ed Stacey talks through Grit Real Estate Income Group Ltd's (LON:GRIT) trading update for the year to June 2019. He says the company's on track to deliver its targeted 12% total shareholder return for the year and an increased dividend.

on 27/6/19

2 min read