Ground Rents Income Fund PLC is a real estate investment trust externally managed by Braemar Estates (Residential) Ltd, Asset Management Arm. More Details
Imperfect balance sheet unattractive dividend payer.
Share Price & News
How has Ground Rents Income Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GRIO has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: GRIO exceeded the UK REITs industry which returned -20% over the past year.
Return vs Market: GRIO exceeded the UK Market which returned -17% over the past year.
Price Volatility Vs. Market
How volatile is Ground Rents Income Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StIs Ground Rents Income Fund PLC (LON:GRIO) Popular Amongst Institutions?
7 months ago | Simply Wall StThose Who Purchased Ground Rents Income Fund (LON:GRIO) Shares Three Years Ago Have A 34% Loss To Show For It
11 months ago | Simply Wall StDoes It Make Sense To Buy Ground Rents Income Fund PLC (LON:GRIO) For Its Yield?
Is Ground Rents Income Fund undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: GRIO (£0.82) is trading above our estimate of fair value (£0.5)
Significantly Below Fair Value: GRIO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GRIO is unprofitable, so we can't compare its PE Ratio to the GB REITs industry average.
PE vs Market: GRIO is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GRIO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GRIO is overvalued based on its PB Ratio (0.7x) compared to the GB REITs industry average (0.6x).
How is Ground Rents Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ground Rents Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of GRIO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Ground Rents Income Fund competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Ground Rents Income Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GRIO is currently unprofitable.
Growing Profit Margin: GRIO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GRIO is unprofitable, and losses have increased over the past 5 years at a rate of 49.9% per year.
Accelerating Growth: Unable to compare GRIO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GRIO is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-25.8%).
Return on Equity
High ROE: GRIO has a negative Return on Equity (-0.12%), as it is currently unprofitable.
How is Ground Rents Income Fund's financial position?
Financial Position Analysis
Short Term Liabilities: GRIO's short term assets (£4.1M) do not cover its short term liabilities (£4.9M).
Long Term Liabilities: GRIO's short term assets (£4.1M) do not cover its long term liabilities (£14.9M).
Debt to Equity History and Analysis
Debt Level: GRIO's debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: GRIO's debt to equity ratio has increased from 5% to 14% over the past 5 years.
Debt Coverage: GRIO's debt is well covered by operating cash flow (20.3%).
Interest Coverage: GRIO is unprofitable, therefore interest payments are not well covered by earnings.
What is Ground Rents Income Fund current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GRIO's dividend (4.86%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).
High Dividend: GRIO's dividend (4.86%) is low compared to the top 25% of dividend payers in the UK market (5.29%).
Stability and Growth of Payments
Stable Dividend: GRIO has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GRIO's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (95.5%), GRIO's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Ground Rents Income Fund has no CEO, or we have no data on them.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ground Rents Income Fund PLC's company bio, employee growth, exchange listings and data sources
- Name: Ground Rents Income Fund PLC
- Ticker: GRIO
- Exchange: LSE
- Founded: 2012
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: UK£79.060m
- Shares outstanding: 97.01m
- Website: https://www.groundrentsincomefund.com
Number of Employees
- Ground Rents Income Fund PLC
- 1 London Wall Place
- Greater London
- EC2Y 5AU
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GRIO||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Aug 2012|
Ground Rents Income Fund PLC is a real estate investment trust externally managed by Braemar Estates (Residential) Ltd, Asset Management Arm. The firm invest in long dated United Kingdom ground rents. It a ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/28 20:59|
|End of Day Share Price||2020/09/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.