Grit Real Estate Tightens Control of Kenyan Logistics Asset in Portfolio Optimisation Drive

Grit Real Estate Income Group Limited ( (GB:GR1T) ) has provided an announcement.

Grit Real Estate Income Group has moved to streamline and optimise its portfolio by agreeing to acquire the remaining 30% equity stake in Orbit Africa Logistics in Nairobi for a nominal US$2, giving it full ownership and control of the industrial warehousing and manufacturing facility on Mombasa Road. The deal follows the decision by Botswana-listed co-investor Letlole la Rona to exit after weaker performance linked to challenging conditions at main tenant Orbit Products Africa, and will allow Grit to consolidate asset management, complete an operational turnaround through tenant diversification and lease restructuring, and better manage refinancing and capital allocation. The acquisition is expected to be immediately accretive to net asset value by around 2 cents per share, introduces no new group-level liabilities, and is presented as a value-protective step within Grit’s broader non-core disposals and portfolio optimisation strategy, aimed at stabilising income, improving asset valuations and unlocking recovery value for shareholders.

The most recent analyst rating on (GB:GR1T) stock is a Hold with a £7.00 price target. To see the full list of analyst forecasts on Grit Real Estate Income Group Limited stock, see the GB:GR1T Stock Forecast page.

Spark’s Take on GB:GR1T Stock

According to Spark, TipRanks’ AI Analyst, GB:GR1T is a Neutral.

Grit Real Estate faces significant financial challenges with high leverage and negative net income, which weigh heavily on its stock score. The technical analysis suggests a bearish trend. However, the company’s strategic initiatives, including expansion and cost-saving partnerships, provide a positive outlook for future stability and growth. A high dividend yield offers some appeal despite a negative P/E ratio.

To see Spark’s full report on GB:GR1T stock, click here.

More about Grit Real Estate Income Group Limited

Grit Real Estate Income Group Limited is a pan-African impact-focused real estate company that invests in, develops and actively manages a diversified portfolio of high-quality assets across selected African countries (excluding South Africa). Its portfolio is underpinned by predominantly US dollar and euro-denominated long-term leases to blue-chip multinational tenants across robust property sectors, and its shares are primarily listed on the London Stock Exchange with a secondary listing on the Stock Exchange of Mauritius.

Average Trading Volume: 1,172,552

Technical Sentiment Signal: Sell

Current Market Cap: £31.69M

See more insights into GR1T stock on TipRanks’ Stock Analysis page.