Grit Real Estate Income Group is a listed property income group operating in carefully selected African countries (excluding South Africa). The company optimises its structural investments underpinned by solid property fundamentals to achieve superior US Dollar and Euro based returns. The returns on these assets are underpinned by predominantly US$ and Euro denominated long-term leases with high quality tenants delivering strong and sustainable income.
Grit’s strong management team has over 59 years’ experience on the continent and is supported by in-country asset and property managers. Key executives are significantly invested in the company on a no free carry basis, ensuring alignment with shareholders.
Grit Real Estate Income Group is targeting a US Dollar total return of approximately 12.00 per cent. per annum and is targeting a dividend in relation to the six months ended 30 June 2018 of approximately 5.9 US$ cents per Share.
We have written a number of notes on the company which you can read by clicking the links below:
- Africa, substantially de-risked – published 15 July 2020
- On the path to recovery – published 17 February 2021
- Showing some grit – published 7 December 2021
- Transition underway – published 5 July 2022
- Going for growth – published 21 December 2022
- Grit 2.0 – published 27 September 2023
You can access the company’s website here