Grit Real Est. Share News (GR1T)

UK shareholder meetings calendar - next 7 days

IN BRIEF: Grit Real annual net asset value grows; triples dividend

Grit Real Estate Income Group Ltd - Pan-African property investment and management company - Net asset value grows annually as cites inflation-linked contracts. In the financial year that ended June 30, net asset value grows 4.1% to 79.4 US cents from 76.3 US cents a year prior. Raises total return target to between 13% and 15% per year from 12%. Declares total financial year dividend of 4.50 US cents, tripled from 1.50 US cents a year ago. Notes that inflation-linked contracts will support growth of revenue as they offset the impact of rising interest rates. The firm adds that it will begin a share buyback worth up to USD400,000 per calendar month in line between November 15, 2022 and May 15, 2023 to support liquidity.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Grit completes second phase of Gateway Real acquisition

Grit Real Estate Income Group Ltd - pan-African property investment and management company - Completes phase two of acquisition of controlling interest in Gateway Real Estate Africa Ltd, which involves the increasing of its interest in GREA to 35% from 26%.

TRADING UPDATES: Walker Crips assets grow; Minoan interim loss narrows

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

IN BRIEF: Grit Real Estate receives co-investment from LLR

Grit Real Estate Income Group Ltd - pan-African property investment and management company - Says Letlole La Rona Ltd completes 30% co-investment into Grit's industrial facility in Nairobi, Kenya. Conditions are now met for the acquisition of a 30% interest in the Mauritian holding entity of the facility, with the total value of the transaction USD7.2 million. This will be made via equity subscription and shareholder loan repayments. The company will also receive additional USD600,000 fee post-transaction, as well as an annual asset management fee of 0.5% of the value of the facility.

IN BRIEF: Grit Real Estate completes Absa House sale

Grit Real Estate Income Group Ltd - pan-African property investment and management company - Says its sustainability-linked debt refinancing and syndication is underway and progressing well. Appoints Standard Bank of South Africa as sole mandated lead arranger over a USD306 million debt syndication covering its assets and debt facilities in Mozambique, Zambia, Ghana, and Senegal.

IN BRIEF: Grit Real Estate invites Letlole to co-invest in facility

Grit Real Estate Income Group Ltd - pan-African property investment and management - Introduces Letlole La Rona Ltd as 30% co -investor to Grit's industrial facility in Nairobi, Kenya, which is tenanted to Orbit Products Africa Ltd.

TRADING UPDATES: Woodbois first-quarter revenue rises; Oriole upbeat

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: TruFin raises GBP10 million, Afentra preferred bidder

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: Grit Real Estate receives offer to buy AnfaPlace Mall

Grit Real Estate Income Group Ltd - pan-African property investment and management - Says that it received a formal offer to acquire AnfaPlace Mall, one of its portfolio investments in Casablanca, Morocco.

IN BRIEF: Grit Real Estate Income completes acquisition of warehouse

Grit Real Estate Income Group Ltd - pan-African property investment and management - Completes the acquisition of the Orbit Africa warehouse and manufacturing facility in Nairobi, Kenya, in a sale-and-leaseback deal.

EARNINGS REPORTS: Dalata hotels narrows loss and moves into Europe

(Alliance News) - The following is a round-up of earnings issued by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Grit Real Estate sells Absa House asset for USD12.2 million

IN BRIEF: Grit Real Estate sells Absa House asset for USD12.2 million