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  РInvesting in Africa in living color:

Salient details

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