Grit Real Estate Income Group Ltd 2020 IR
The report outlines Grit Real Estate Income Group's integrated performance for the fiscal year ended June 30, 2020, highlighting its resilience during the COVID-19 pandemic. Despite economic headwinds, the company achieved a 10.1% growth in revenue to US$48.0 million and maintained a strong rent collection rate averaging approximately 90% post-period. Key milestones included increasing its stake in Letlole La Rona Limited to 30% and acquiring the Club Med Cap Skirring hotel in Senegal. On the sustainability front, the company advanced its ESG strategy, achieving an 18% reduction in electricity usage and a 28% reduction in water usage across its African assets.
Company: Grit Real Estate Income Group Ltd
Sector: Real Estate
Country: Mauritius
Year: 2020
Type: IR
Pages: 146
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Grit Real Estate Income Group Ltd
Integrated Annual Report
The report outlines Grit Real Estate Income Group's integrated performance for the fiscal year ended June 30, 2020, highlighting its resilience during the COVID-19 pandemic. Despite economic headwinds, the company achieved a 10.1% growth in revenue to US$48.0 million and maintained a strong rent collection rate averaging approximately 90% post-period. Key milestones included increasing its stake in Letlole La Rona Limited to 30% and acquiring the Club Med Cap Skirring hotel in Senegal. On the sustainability front, the company advanced its ESG strategy, achieving an 18% reduction in electricity usage and a 28% reduction in water usage across its African assets.
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Document Details
Report Year
2020
Reporting Period
Jul 1, 2019 - Jun 30, 2020
Fiscal Year
2020
Published
Dec 14, 2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Net Zero Target
Employees