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GRIT REAL ESTATE INCOME GROUP LIMITED - Half Year Abridged Unaudited Consolidated Results For The Six Months Ended 31 December 2019

Release Date: 13/02/2020 09:00
Code(s): GTR     PDF:  
Wrap Text
Half Year Abridged Unaudited Consolidated Results For The Six Months Ended 31 December 2019

GRIT REAL ESTATE INCOME GROUP LIMITED
(Registered by continuation in the Republic of Mauritius)
(Registration number: C128881 C1/GBL)
LSE share code: GR1T
SEM share code: DEL.N0000
JSE share code: GTR
ISIN: MU0473N00036
(“Grit” or the “Company”)


HALF YEAR ABRIDGED UNAUDITED CONSOLIDATED RESULTS FOR THE SIX
MONTHS ENDED 31 DECEMBER 2019



1.   SALIENT FEATURES

     Net Property Income increased by 15.7% to US$ 17.8 million, from US$ 15.4 million in
     the prior corresponding period.

     Headline earnings per share increased by 1.1% to US$ 2.80 cents per share, from
     US$ 2.77 cents per share in the prior corresponding period.

     Earnings per share decreased by 39.8% to US$ 4.26 cents per share, from US$ 7.07
     cents per share in the prior corresponding period.

     Adjusted EPRA earnings per share increased by 5.8% to US$ 5.67 cents per share, from
     US$ 5.36 cents per share in the prior corresponding period.

     Dividends per share unchanged at US$ 5.25 cents per share.

     Net asset value per share decreased by 4.6% to US$ 128.3 cents per share, from
     US$ 134.5 cents per share in the prior corresponding period.

     EPRA Net asset value per share increased by 1.1% to US$ 144.7 cents per share, from
     US$ 143.1 cents per share in the prior corresponding period.

2.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of the Company. It
     contains only a summary of the information in the full announcement (“Full
     Announcement”) and does not contain full or complete details. The Full Announcement
     can be found at:
     https://senspdf.jse.co.za/documents/2020/JSE/ISSE/GTRE/HY20.pdf

     Copies of the Full Announcement is also available for viewing on the Company’s website
     at http://grit.group/regulatory-news-sens/ or may be requested in person, at the
     Company’s registered office or the office of the sponsor, at no charge, during office hours.

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Full Announcement, as a whole.

13 February 2020

Sponsor

PSG Capital

Date: 13-02-2020 09:00:00
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