Grit Real Estate Income Group: Big yields blue-chip asset base
Grit Real Estate Income Group (LON:GR1T) is a multi-listed (LSE, JSE, SEM) property company with a focus on selected African countries with a combination of economic growth, investment friendly policies and political stability. Rental income is underpinned by a blue-chip multinational tenant base, hard currency leases, and high occupancy rates.
Grit has a strong management team, with more than 59 years’ African experience cumulatively. The portfolio has grown to US$642mln from US$210ln in 2015, and the company achieved its LSE main board listing in July 2018.
Quick facts: Grit Real Estate Income Group
Price: 1.20006 USD
Market Cap: $363.6 m
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