GRIO has this morning provided further granular detail on its portfolio exposure to ten year doubling assets. As mentioned in our note last Friday this exposure is on three individual assets, which only account for 4% of the total ground rent income derived from the entire portfolio. None of these three individual assets with ten year doubling contracts double in perpetuity; they double a maximum of three times and then either have no further review or an index-linked review. Furthermore, as sta ....
02 Aug 2017
N+1 Singer - Ground Rents Income Fund - Further clarification on doubling assets
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N+1 Singer - Ground Rents Income Fund - Further clarification on doubling assets
Ground Rents Income Fund PLC (GRIO:LON) | 31.4 -0.1 (-0.9%) | Mkt Cap: 30.0m
- Published:
02 Aug 2017 -
Author:
Paul Glover -
Pages:
3
GRIO has this morning provided further granular detail on its portfolio exposure to ten year doubling assets. As mentioned in our note last Friday this exposure is on three individual assets, which only account for 4% of the total ground rent income derived from the entire portfolio. None of these three individual assets with ten year doubling contracts double in perpetuity; they double a maximum of three times and then either have no further review or an index-linked review. Furthermore, as sta ....