Company Grit Real Estate Income Group Limited London S.E.

Equities

GR1T

MU0473N00036

Real Estate Development & Operations

Delayed London S.E. 5-day change 1st Jan Change
- GBX -.--% Intraday chart for Grit Real Estate Income Group Limited -2.34% +3,781.86%

Business Summary

Grit Real Estate Income Group Limited is a Mauritius-based real estate company. The Company is focused on real estate investment assets in pre-selected African countries, except South Africa. The Company is focused on investing in, developing and managing a diversified portfolio of assets underpinned by predominantly United States Dollar and Euro-denominated long-term leases with multi-national tenants. Its portfolio consists of various property sectors, including office, retail, hospitality, light industrial and corporate accommodation. The Company's properties are located across various countries, such as Mauritius, Mozambique, Morocco, Kenya, Zambia, Ghana, Botswana, Mali, Nigeria, Ethiopia, Uganda, and Senegal. Its property portfolio comprises a total of 59 assets, out of which 24 properties are held in Letlole La Rona in Botswana. The Company's subsidiaries include Grit Services Limited, Grit West Africa Limited, HM&K Properties Limited, and IDC Kenya Investments Limited.

Sales per Business

GBP in Million2022Weight2023Weight Delta
Office
29.2 %
11 27.5 % 14 29.2 % +29.96%
Retail
26.4 %
11 27.9 % 12 26.4 % +15.88%
Accommodation
21.8 %
9 24.2 % 10 21.8 % +10.57%
Light Industrial
11.0 %
3 7.5 % 5 11.0 % +80.58%
Hospitality
9.4 %
4 9.8 % 4 9.4 % +17.64%
Corporate
2.1 %
1 3.1 % 1 2.1 % -17.57%

Sales per region

GBP in Million2022Weight2023Weight Delta
Mozambique
48.9 %
20 52.2 % 23 48.9 % +14.73%
Morocco
13.1 %
6 14.9 % 6 13.1 % +8.07%
Zambia
10.0 %
4 9.5 % 5 10.0 % +29.31%
Kenya
9.5 %
2 6.2 % 4 9.5 % +85.83%
Mauritius
8.4 %
4 11.7 % 4 8.4 % -12.24%
Ghana
7.0 %
1 2.5 % 3 7.0 % +248.63%
Senegal
3.1 %
1 3.1 % 1 3.1 % +23.02%

Managers

Managers TitleAgeSince
Founder 43 12-05-15
Founder 65 12-05-15
Director of Finance/CFO 49 15-03-31
Chief Operating Officer - -
Compliance Officer - -
Chief Investment Officer - -
Chief Investment Officer - 22-09-30
Investor Relations Contact - 18-09-30
General Counsel - -
Corporate Secretary - -

Members of the board

Members of the board TitleAgeSince
Director/Board Member 75 19-02-20
Founder 65 12-05-15
Director/Board Member 55 21-03-04
Director/Board Member 59 18-12-03
Director/Board Member 64 23-03-23
Founder 43 12-05-15
Director/Board Member 60 17-11-23
Director of Finance/CFO 49 15-03-31
Director/Board Member 69 20-09-16

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 510,326,557 440,513,258 ( 86.32 %) 15,381,000 ( 3.014 %) 86.32 %

Shareholders

NameEquities%Valuation
Public Investment Corporation (SOC) Ltd.
20.85 %
103,154,342 20.85 % 27 M p
M&G Investment Management Ltd.
14.65 %
72,515,493 14.65 % 19 M p
Eskom Pension & Provident Fund
6.569 %
32,507,561 6.569 % 8 M p
Government of Botswana
5.331 %
26,377,971 5.331 % 7 M p
Ruffer LLP
4.742 %
23,466,411 4.742 % 6 M p
13,935,077 2.816 % 4 M p
Merchant West Investments (Pty) Ltd.
1.345 %
6,654,360 1.345 % 2 M p
5,567,564 1.125 % 1 M p
4,841,127 0.9783 % 1 M p
Clarus Asset Managers (Pty) Ltd.
0.7039 %
3,483,074 0.7039 % 902 012 p

Company contact information

Grit Real Estate Income Group Ltd.

Unity Building, The Precinct B11 Fond du Sac Road

31301, Grand Baie

+230 269 7090

http://www.grit.group
address Grit Real Estate Income Group Limited(GR1T)
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