Grit Real Estate Income Group : GR1T

Grit Real Estate suspends dividend

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.

You can access the company’s website here