This past weekend we visited the Mauritian assets of Grit Real Estate Income group a property company listed on the JSE, SEM and LSE and a constituent of the AMI Big50 and AMI Real Estate ETFs.
The properties in Mauritius are mainly in the hospitality sector, so what we like about Grit is the U$ yield/interest (we talking about 8.6%); the quality of the leases they have across the continent (most of their tenants are multi-national companies); and they are sitting with a 96% occupancy. But most of all, our favorite reason, is that they are a *Pan African* company with exposure in over 7 African countries.
Download their factsheet here.
More from Mauritius – Investing in Africa in living color:
Share price: ~R 19.40
Divi yield: ~8%
PE ratio: ~11x
Weighting in AMI Big50
Weighting in AMI Real Estate
#OwnYourOwn #GritIncomegroup #AMIRE #AMIB50 #AfricanMade