• 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

Rank Key Tenant Industry GLA (% of Group Total)  Income (% of Group Total) Tenant Grading Lease Covenant Lease Currency
1 Hospitality 29% 9% Other Global Triple Net EUR
2 Telecommunications 4% 8% Forbes 2000 Double Net USD
3 Hospitality 7% 8% Other Global Triple Net EUR
4 Mining 5% 6% Forbes 2000 Gross USD
5 Global Petroleum Oil & Gas Exploration 1% 4% Forbes 2000 Gross USD
6 Retail 3% 4% Pan African Gross USD/ZMW
7 Retail 3% 3% Forbes 2000 Gross USD
8 Retail 4% 3% Forbes 2000 Gross USD
9 Logistics 4% 3% Pan African Triple Net USD
10 Financial Services 3% 3% Forbes 2000 Traditional USD/MUR
Total 64% 51%

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