• Grit Real Estate Income Group (“Grit”), is a multi-listed real estate income group operating in carefully selected African countries.
  • Grit is currently listed on the Main Market of the London Stock Exchange (“LSE”), the Main Board of the Johannesburg Stock Exchange Limited (“JSE”) and the Official Market of the Stock Exchange of Mauritius Limited (“SEM”).
  • We optimise our structural investments underpinned by solid property fundamentals to achieve compelling US Dollar returns.
  • Our ability to sustain distribution is supported by predominantly US Dollar and EURO-denominated long-term leases, with blue- chip multinational tenants delivering strong sustainable income.
  • Grit has a robust property portfolio with diversification across sectors and geography, backed by comprehensive risk mitigation policies and procedures.
  • Grit has a strong management team with broad African experience and exposure, supported by in-country asset and property management teams.
  • Grit has supportive anchor key shareholders committed to growing the platform.

Strategic Portfolio Summary 

as at June 2018

Key Tenants

RankKey TenantIndustryGLA (% of Group Total) Income (% of Group Total)Tenant GradingLease CovenantLease Currency
1Hospitality29%9%Other GlobalTriple NetEUR
2Telecommunications4%8%Forbes 2000Double NetUSD
3Hospitality7%8%Other GlobalTriple NetEUR
4Mining5%6%Forbes 2000GrossUSD
5Global PetroleumOil & Gas Exploration1%4%Forbes 2000GrossUSD
6Retail3%4%Pan AfricanGrossUSD/ZMW
7Retail3%3%Forbes 2000GrossUSD
8Retail4%3%Forbes 2000GrossUSD
9Logistics4%3%Pan AfricanTriple NetUSD
10Financial Services3%3%Forbes 2000TraditionalUSD/MUR

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