Ground Rents Income Fund (LON:GRIO) Posts Earnings Results

Ground Rents Income Fund (LON:GRIO) announced its quarterly earnings results on Monday. The company reported GBX (22.60) earnings per share for the quarter, Digital Look Earnings reports. Ground Rents Income Fund had a net margin of 330.28% and a negative return on equity of 8.42%. The business had revenue of GBX 271 million during the quarter.

Ground Rents Income Fund Price Performance

Shares of LON:GRIO opened at GBX 16.23 on Monday. The stock has a market cap of £15.52 million, a price-to-earnings ratio of -3.61 and a beta of 0.76. The company has a quick ratio of 1.06, a current ratio of 0.81 and a debt-to-equity ratio of 15.64. Ground Rents Income Fund has a 12-month low of GBX 13.20 and a 12-month high of GBX 31.80. The business’s 50 day moving average is GBX 17.30 and its 200 day moving average is GBX 19.08.

About Ground Rents Income Fund

The Company has been established to provide secure long-term performance through investment in long dated UK 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 will give investors the opportunity to invest, through the Company, in a portfolio of ground rents. The Company will seek to acquire a portfolio of assets with the potential for income generation from the collection of ground rents.