Grit Real Estate Income Group Limited
GR1T.L
London Stock Exchange6.15
GBp
-0.60
- -
Grit Real Estate Income Group Limited
GR1T.L
(London Stock Exchange)
Recent
price
6.15
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.- Similar Companies
- Business
- Grit Real Estate Income Group Limited (GRIT) operates as a leading pan-African real estate investment company focused on acquiring, developing, and actively managing a diversified portfolio of high-quality income-generating assets across carefully selected countries in Africa, excluding South Africa; its core offerings include retail properties such as shopping centers and malls, industrial and logistics facilities like warehouses, hospitality assets including resorts and hotels, office spaces, and specialized educational and social infrastructure developments, all predominantly underpinned by long-term leases denominated in US dollars or euros with blue-chip multinational tenants; the company targets resilient property sectors serving multinational corporates, retailers, non-profits, schools, and communities to deliver sustainable income, job creation, and impact investment outcomes. Founded in 2012 and headquartered in Mauritius with a GBC1 license from the Financial Services Commission, Grit lists its shares on the London Stock Exchange main market (ticker: GR1T), Johannesburg Stock Exchange main board (GTR), and Stock Exchange of Mauritius official market, while operating across 11 jurisdictions in Africa and the Indian Ocean region through subsidiaries and associates such as Gateway Real Estate Africa (GREA), a development platform specializing in turnkey accommodation for expanding corporates and retailers. Recent strategic developments include the acquisition of a majority stake approaching 55% in GREA during fiscal 2024, which boosted portfolio revenue growth by 9.8%, optimized the cost base, simplified reporting, and enhanced capabilities for tenant-led developments; in February 2025, Grit launched its Grit 2.0 strategy with a key partnership assigning property and facilities management of approximately US$812 million in assets to Broll, strengthening operational efficiency and positioning the group to pursue growth via specialized sub-structures backed by long-term funding partners; additional moves encompass a 77.95% controlling stake acquisition in Africa Property Development Managers (APDM), GREA's external asset manager, alongside ongoing portfolio expansion targeting 8.5%+ annual dividend yields in USD and 12.0%+ net asset value total returns.