GR1T: Grit Real Estate Income Group Limited - Summary | Jitta

Grit Real Estate Income Group Limited

LON:GR1T

Price
£0.32
Loss Chance
49.4%
4.04JITTA SCORE
100.00%Over Jitta Line
Jitta Ranking
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HISTORICAL JITTA SCORE
Related
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Jitta Factors
Growth Opportunity (42)
Recent Business Performance (56)
Financial Strength (46)
Return to Shareholders (22)
Competitive Advantage (45)
Jitta Signs
Recent IPOLess than 3 years
Revenue and EarningEarning loss detected in 2020
Operating MarginDeclined
Recent Business PerformanceEarning decline 24.79% in the last quarter (yoy)
SG&A to SalesIncreasing
Key Stats
Jitta Score
Jitta Line
4.04
100.00%
COMPANY DESCRIPTION
Grit is listed on the London Stock Exchange main market (LSE: GR1T), the Johannesburg Stock Exchange main board (JSE: GTR) and the Stock Exchange of Mauritius Ltd official market (SEM: DEL.N0000). Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). By investing in real estate assets across Africa, the Company is building a secure financial future for schools, employees, non-profit organisations, and the like. As such, Grit is unlocking potential across the African continent in an effort to anchor communities and create sustainable jobs. The company’s high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national 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 income and capital growth. The Company is targeting 8.5%+ p.a. dividend yield in USD and 12.0%+ p.a. NAV total return.