Grit Real Estate Income Group Limited

LSE GR1T.L

Grit Real Estate Income Group Limited Free Cash Flow for the year ending June 30, 2024: USD 19.89 M

Grit Real Estate Income Group Limited Free Cash Flow is USD 19.89 M for the year ending June 30, 2024, a -38.34% change year over year. Free cash flow is the amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
  • Grit Real Estate Income Group Limited Free Cash Flow for the year ending June 30, 2023 was USD 32.26 M, a 188.62% change year over year.
  • Grit Real Estate Income Group Limited Free Cash Flow for the year ending June 30, 2022 was USD 11.18 M, a -43.28% change year over year.
  • Grit Real Estate Income Group Limited Free Cash Flow for the year ending June 30, 2021 was USD 19.70 M, a 80.28% change year over year.
  • Grit Real Estate Income Group Limited Free Cash Flow for the year ending June 30, 2020 was USD 10.93 M, a -48.83% change year over year.
Key data
Date Free Cash Flow Operating Cash Flow Net Cash Used For Investing Activities Net Cash Used Provided By Financing Activities
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LSE: GR1T.L

Grit Real Estate Income Group Limited

CEO Ms. Bronwyn Anne Knight B.Com., C.A.
IPO Date July 31, 2018
Location Mauritius
Headquarters Alexander House
Employees 140
Sector Finance
Industries
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.

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January 15, 2025

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