Ground Rents Income Fund PLC

GRIO

GB00B715WG26

Diversified REITs

Market Closed - London S.E. Other stock markets 16:35:21 05/07/2024 BST			5-day change	1st Jan Change
29.1 ^GBX	0.00%		+1.04%	-6.73%

07-04	Ground Rents Income Fund's net asset value declines	AN
07-04	Ground Rents Income Fund PLC Reports Earnings Results for the Full Year Ended September 30, 2023	CI

Ground Rents Income Fund's net asset value declines

July 04, 2024 at 05:06 pm

Ground Rents Income Fund PLC - London-based investor in long-term, income-generating assets across the UK - Releases results for year to September 30, 2023. Says net asset value per share at September 30 is 90.1 pence per share, down from 92.5p a year prior. Chair Barry Gilbertson says: "The company continues to face significant challenges that are largely outside of its control, with the ongoing management of complex building safety projects relating to assets developed by third parties, and uncertainty relating to leasehold reform. Despite these headwinds, we continue to make progress in important areas, including loan refinancing, disposals, and securing very strong shareholder support for our new investment policy." Further, says portfolio value at March 31, 2024, is GBP81.5 million down from GBP106.1 million at September 30, 2023.

Current stock price: 28.66 pence

12-month change: down 24%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Ground Rents Income Fund PLC

Ground Rents Income Fund's net asset value declines	07-04	AN
Ground Rents Income Fund PLC Reports Earnings Results for the Full Year Ended September 30, 2023	07-04	CI
Ground Rents Income Fund Receives Extension for Submission of FY23 Results	05-31	MT
Pennant trading in line; Coro requests suspension	04-24	AN
Ground Rents refinances; ECR Minerals loss narrows	04-02	AN
Ground Rents Income Fund Refinances GBP25 Million Loan	04-02	MT
Ground Rents Income Fund plc Announces Refinance of Loan Facility with Santander UK plc	04-02	CI
Ground Rents Income sells Bristol and Exeter assets for GBP3.5 million	02-23	AN
Ground Rents Income Fund Sells GBP3.5 Million Freehold Ground Rent Interests in UK	02-23	MT
Stelrad says 2023 results to be in line with expectations	01-26	AN
Eqtec to restucture; Bushveld to sell Cellcub stake	11-20	AN
Ground Rents Income Fund Shares Fall on Potential Material Valuation Uncertainty Clause Amid UK Leasehold Reform Talks	11-20	MT
Ground Rents Income Fund PLC Reports Earnings Results for the Half Year Ended March 31, 2023	21/07/23	CI
Iofina optimistic; Metals Exploration ups outlook	20/07/23	AN
Ground Rents Income net asset value falls on challenging environment	06/06/23	AN
Ground Rents Income Fund PLC Reports Earnings Results for the Full Year Ended September 30, 2022	06/06/23	CI
Ground Rents Income Fund PLC Auditor Raises 'Going Concern' Doubt	05/06/23	CI
Ground Rents Income Fund PLC Declares Interim PID Dividend for the Period from 1 October 2022 to 31 December 2022, Payable on 31 March 2023	02/03/23	CI
TRADING UPDATES: Ground Rents Income Fund's portfolio value drops	22/12/22	AN
Ground Rents Income Fund plc Declares an Interim Pid Dividend for the Period from 1 July 2022 to 30 September 2022, Payable on 30 December 2022	30/11/22	CI
Ground Rents Income Fund plc Declares Interim PID Dividend for the Period from 1 April 2022 to 30 June 2022, Payable on 30 September 2022	01/09/22	CI
Tranche Update on Ground Rents Income Fund PLC's Equity Buyback Plan announced on September 14, 2021.	30/06/22	CI
Ground Rents Income Fund PLC Reports Earnings Results for the Half Year Ended March 31, 2022	30/06/22	CI
Ground Rents Income Fund plc Declares Interim PID Dividend for the Period from 1 January 2022 to 31 March 2022, Payable on 30 June 2022	23/05/22	CI
Ground Rents Income Fund plc Announces Dividend Declaration for the Period from 1 October 2021 to 31 December 2021, Payable on 11 March 2022	10/02/22	CI

Chart Ground Rents Income Fund PLC

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Company Profile

Ground Rents Income Fund plc is a United Kingdom-based closed-ended real estate investment trust. The Company invests in long-term, income-generating real estate assets across the United Kingdom. It operates through the collection of ground rent from its investment properties segment. The Companyâs investment objective is to provide secure long-term performance through investment in long-dated United Kingdom ground rents. Its strategy is to invest in a diversified portfolio of residential and commercial freeholds and head leases offering the potential for income generation from ground rents. Its investments also have the potential for capital growth, linked to contractual increases in ground rents over the long term. Its geographic spread of the portfolio includes the North East, North West, London, Midlands, South West, South East, and Wales. The Company's investment manager is Schroder Real Estate Investment Management Limited.

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Diversified REITs

Calendar

25/06/2025 - Q2 2025 Earnings Release (Projected)

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