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JSE – GRI Profile’s Stock Exchange Handbook: 2020 – Issue 2
NUMBER OF EMPLOYEES: 69
Grit Real Estate Income Group Ltd. DIRECTORS: Jonah SirSE(ind ne, Ghana),
Love D (ind ne), Corbett B A (CEO),
GRI
ISIN: MU0473N00036 van de Moortele L (CFO), Todd P M (Chair, ne),
SHORT: GRITREAL Macleod I (ind ne), Radebe N (ne),
CODE: GTR McIlraith C (ind ne, Mau)
REG NO: C128881 C1/GBL POSTAL ADDRESS: Level 3, La Croisette
FOUNDED: 2012 Shopping Mall, Grand Baie, Mauritius
LISTED: 2012 EMAIL: communications@grit.group
WEBSITE: www.grit.group
Scan the QR code to
NATURE OF BUSINESS: visit our website TELEPHONE: 00230-269-7090
Grit Real Estate Income Group COMPANY SECRETARY: Intercontinental Fund
Services Ltd.
(“Grit”or “theCompany”),is amulti-listed realestateincome TRANSFER SECRETARY: Computershare Investor Services (Pty) Ltd.
group operating in carefully selected African countries and is SPONSOR: PSG Capital (Pty) Ltd.
currently listed on the Main Market of the London Stock AUDITORS: PwC LLP
Exchange (“LSE”), the Main Board of the Johannesburg Stock BANKERS: Bank of China, Barclays, Investec, SBM (State Bank of
Mauritius), Standard Bank
Exchange Limited (“JSE”) and the Official Market of the Stock
Exchange of Mauritius Limited (“SEM”). CALENDAR Expected Status
Grit has a robust property portfolio with diversification across Next Final Results Sep 2020 Unconfirmed
sectors and geography, backed by comprehensive risk mitiga- Annual General Meeting Nov 2020 Unconfirmed
tion policies and procedures. The Company optimises its Next Interim Results Feb 2021 Unconfirmed
structural investments, underpinned by solid property funda- CAPITAL STRUCTURE AUTHORISED ISSUED
mentals, toachievecompellingUS Dollarreturns. Its ability to GTR Ords USD0.0001 ea 7 500 000 000 316 235 546
sustain distribution is supported by predominantly US Dollar DISTRIBUTIONS [USDc]
andEURO-denominatedlong-termleaseswith bluechip mul- Ords USD0.0001 ea Ldt Pay Amt
tinational tenants, eliminating currency risk and delivering Interim No 12 3 Mar 20 3 Apr 20 5.25
strong sustainable income. Final No 11 15 Oct 19 15 Nov 19 6.95
Since listing on the JSE in 2014, Grit has grown its property Interim No 10 5 Mar 19 5 Apr 19 5.25
portfolio from USD140 million to over USD800 million and Final No 9 16 Oct 18 16 Nov 18 6.12
has successfully delivered eleven consecutive dividend distri- LIQUIDITY: Mar20 Ave 284 359 shares p.w., R5.1m(4.7% p.a.)
butions in line with Company guidance. Grit is a constituent ALSH 40 Week MA GRITREAL
of the SEM-10 index, the S&P Africa Frontier (Global) index
as well as an underlying constituent of the JSE-listed Cloud
Atlas AMI series BIG 50 ex-SA ETF. 2303
SECTOR: Fins—Financial Srvcs—Real Estate—Hldgs&Development 2090
MAJOR ORDINARY SHAREHOLDERS as at 31 Dec 2019 1877
Government Employees Pension Fund 26.75%
Drive In Trading Ltd. 7.35%
1663
M&G Investment Management Ltd UK 5.99%
Delta Property Fund 5.49% 1450
Management and staff 5.23% 2015 | 2016 | 2017 | 2018 | 2019 |
FINANCIAL STATISTICS
(Amts in USD’000) Dec 19 Jun 19 Jun 18 Jun 17 Jun 16
Interim Final Final Final(rst) Final(rst)
NetRent/InvInc 17 821 32 318 25 653 23 727 19 577
Int Recd 2 366 7 896 4 375 2 059 170
Total Inc 23 145 40 488 30 037 26 040 20 552
Tax 3 381 13 417 4 752 - 2 916 10 534
Attrib Inc 13 130 28 035 28 562 - 6 634 - 17 962
TotCompIncLoss 10 295 24 253 24 250 - 4 390 - 17 970
Hline Erngs-CO 8 625 23 417 12 781 13 482 4 164
Ord UntHs Int 392 416 389 949 279 383 258 307 138 772
Pref SH Int 12 840 12 840 12 840 12 840 -
Minority Int 2 571 4 581 - 3 940 - 1 123 - 455
TotStockHldInt 407 827 407 370 288 283 270 024 138 317
Investments 604 466 585 188 398 403 332 235 239 926
FixedAss/Prop 2 122 2 158 1 749 1 290 525
Tot Curr Ass 68 392 50 316 32 949 49 912 33 112
Total Ass 912 680 863 878 651 561 546 289 328 604
Tot Curr Liab 76 249 238 619 135 257 74 637 50 831
PER SHARE STATISTICS (cents per share)
EPS (ZARc) 62.58 137.36 182.47 - 82.26 - 319.15
HEPS-C (ZARc) 41.13 114.80 81.60 167.25 73.81
Pct chng p.a. - 28.3 40.7 - 51.2 126.6 138.5
Tr 5yr av grwth % - - 74.3 - 66.1 - 214.7 - 240.0
DPS (ZARc) 79.51 179.66 162.78 158.04 174.44
Pct chng p.a. - 10.4 3.0 - 9.4 35.1
Tr 5yr av grwth % - 7.8 5.7 5.1 7.0
NAV PS (ZARc) 1 813.18 1 858.47 1 861.67 1 682.15 2 427.82
3 Yr Beta - 0.20 - 0.17 - 0.09 0.06 -
Price Prd End 1 540 1 800 1 600 1 650 1 950
Price High 1 950 2 000 1 950 2 000 2 200
Price Low 1 410 1 580 1 500 1 576 1 500
RATIOS
RetOnSH Funds 5.74 6.40 8.93 - 2.75 - 12.84
RetOnTotAss 7.84 7.07 7.84 6.04 6.27
Oper Pft Mgn 96.02 94.74 90.37 108.48 93.90
Debt:Equity 1.01 0.91 1.09 0.87 1.18
OperRetOnInv 5.88 5.50 6.41 7.11 8.14
OpInc:Turnover 73.93 75.63 77.18 98.85 89.45
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