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Ground Rents Income Trust

16:51 on 21/11/2017

Current Price 121.00p | Bid 119.50p | Ask 121.00p | Change 0.21%

Company Overview

Ground Rents Income Fund plc is a closed ended company. It has been incorporated, and will be tax resident, in the United Kingdom. The Company will give notice to join the REIT regime as soon as practicable, a structure that should afford the Company a number of competitive tax advantages. The Directors believe that an opportunity exists within the United Kingdom real estate market to acquire a portfolio of freeholds and head leases, with the potential for income generation from Ground Rents and capital growth. The Company has been established to provide secure long-term performance through investment in Long Dated United Kingdom Ground Rents, which have historically had little correlation to traditional property asset classes and have seen their value remain consistent regardless of the underlying state of the economy. The Company's focus will be acquiring freeholds and head leases of residential, retail and commercial properties in the United Kingdom to generate consistent income returns from Ground Rents. The Company will seek to benefit from the Ground Rents' long-term cash flows, rental income from each freehold and head leases and additional income from the obligation to arrange the insurance of the building and, further, the ability to charge for permissions under the lease when the leasehold ownership changes hands. The Company will not invest in non-Ground Rent instruments, listed securities or other forms of commercial or residential property.

Stock Details

Shares in Issue 93,124,311
Market cap £ 116.17m
Sector Equity Investment Instruments

Financial Highlights Year Ended 30/09/2014

Turnover £3.20 million
Operating Profit £4.93 million
Dividend Yield 0.00
Dividend Per Share 3.87
Dividend Cover 0.00
P/E Ratio 16.46
» More Financials

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Price Summary

Mid Price ? 120.25p
Bid Price ? 119.50p
Ask Price ? 121.00p
Volume ? 29527
Change Today 0.25p
% Change Today 0.21%
Open 119.11p
Previous Close 120.25p
Intraday High 120.25p
Intraday Low 119.11p
52 Week High 129.50p
52 Week Low 110.50p

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