Grit is listed in London, Johannesburg and Mauritius.
The Company is a real estate income group that generates superior US dollar and Euro yield for investors by investing in a diversified portfolio of high-quality real estate assets across the African continent and Indian Ocean Islands, excluding South Africa, anchored by blue-chip, international tenants.

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.

Only income group focused on real estate in Africa (excluding South Africa) listed on the Stock Exchange of Mauritius, Johannesburg Stock Exchange & London Stock Exchange.

2

Diverse asset portfolio focused on strength of counterparty and located in African countries with solid fundamentals

3

Compelling total returns underpinned by predominantly US Dollar and Euro denominated, long term leases

4

Track record of consistently achieving dollar based distribution targets (Eighth distribution since listing) at a Dollar yield in excess of 7%

5

High occupancy rates with quality tenants delivering sustainable growth

6

Supportive anchor shareholders that are committed to growing the platform

7

Strong management team with over 59 years of African experience, supported by in-country asset and property management teams.

Our Values

Talented People

• Internal, strong & experienced executive management
• Passion & commitment
• Continuous staff development

Quality Portfolio

• Geographic & sector diversification
• Low vacancy & long-term leases
• 45% in investment grade African countries
• Successful repatriation of funds
• In-country asset & property management

Consistent Performance

• Attractive & sustainable hard currency income stream
• 9 consecutive dividend payments
• Proven ability to raise capital

Relationships

• Multi-bank strategy
• Supportive anchor shareholders
• Ability to access pipeline
• Blue-chip multinational tenants
• Joint ventures

Portfolio Highlights

US$796.4m

portfolio

96.0%

occupancy

92.6%

multinational tenants

6.5 Years

WALE/WAULT

93.2%

income hard currency

3.1%

weighted average lease escalation

* as at 31 Dec 2018 (Interim Results)

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