Capital Network analyst on a 'very strong' period of growth for GRIT Real Estate Income Group

Capital Network analyst Ed Stacey says GRIT Real Estate Income Group (LON:GR1T) has achieved good progress since its London Stock Exchange (LSE) listing in July 2018. Results for the half-year ended 31 December (released 14 February) showed gross rental income +25.9% year-on-year and group loan-to-value down to 43.4% (full-year to June 2018: 51.4%). Stacey says performance has been achieved in spite of pockets of significant weakness in the African retail sector, highlighting the value of GRIT's diversification strategy.