Ground Rents Income Fund (LON:GRIO) Releases Quarterly Earnings Results

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

Ground Rents Income Fund Price Performance

LON GRIO opened at GBX 16.23 on Monday. The firm’s 50-day simple moving average is GBX 17.30 and its two-hundred day simple moving average is GBX 19.08. Ground Rents Income Fund has a 52 week low of GBX 13.20 and a 52 week high of GBX 31.80. The company has a quick ratio of 1.06, a current ratio of 0.81 and a debt-to-equity ratio of 15.64. The company has a market cap of £15.52 million, a PE ratio of -3.61 and a beta of 0.76.

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.