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NAV GUIDANCE FOR THE 18 MONTHS ENDED 31 DECEM...
Grit Real Estate Income Group is providing guidance that its IFRS Net Asset Value (NAV) for the 18 months ending December 31, 2025, is expected to decline by 29% to 32%, falling between US$24.0 and US$25.1 cents per share, due to fair value losses, disposal losses, and elevated finance costs. The company has received a formal proposal from its subsidiary GREA, backed by a strategic partner, for a potential transaction aimed at reducing debt and associated costs. In light of these developments and the delay in publishing audited accounts, Grit has requested a temporary suspension of its listing on the London Stock Exchange and dealings on the Stock Exchange of Mauritius, effective May 1, 2026, pending further announcements. Disclaimer*
About this update from Grit Real Estate Income Group Limited
[{"type":"text","content":"\n \n \n \n\n\t\n\n\n\n\n\n\n\n\n\n\n\nGrit Real Estate Income Group (GR1T)\n\n\n\n\n\n\nNAV GUIDANCE FOR THE 18 MONTHS ENDED 31 DECEMBER 2025, STRATEGIC TRANSACTION, DELAY IN PUBLICATION OF AUDITED ACCOUNTS AND TEMPORARY SUSPENSION OF LISTING 29-Apr-2026 / 14:30 GMT/BST\n\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) 596/2014 (AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018).\n\n \n\n\n GRIT REAL ESTATE INCOME GROUP LIMITED\n\n (Registered in Guernsey)\n\n (Registration number: 68739)\n\n LSE share code: GR1T\n\n SEM share code: DEL.N0000\n\n ISIN: GG00BMDHST63\n\n LEI: 21380084LCGHJRS8CN05\n\n (\"Grit\" or the \"Company\" and, together with its subsidiaries, the \"Group\")\n \n \n \n \n \n\nNAV GUIDANCE FOR THE 18 MONTHS ENDED 31 DECEMBER 2025, STRATEGIC TRANSACTION, DELAY IN PUBLICATION OF AUDITED ACCOUNTS AND TEMPORARY SUSPENSION OF LISTING\n\nThe Board is providing guidance on the Group’s expected net asset value (“NAV”) for the 18-month period ended 31 December 2025, announcing a potential strategic transaction, and informing shareholders of the delay in publication of the Company’s audited accounts and temporary suspension of the Company’s listing and trading pending further clarity on the Group’s financial position and the potential transaction. \n\n \n\nNAV update\n\nThe Group expects IFRS NAV at 31 December 2025 to be materially below the level reported at 30 June 2025. IFRS NAV is expected to decline by between approximately 29% and 32% to between approximately US$25.1 cents per share and US$24.0 cents per share, subject to final audit and valuation adjustments.\n\nThe movement principally reflects fair value losses across the investment property portfolio, a valuation loss on owner-occupied property, losses realised on disposals completed during the period and the impact of elevated finance costs on the period results and retained equity.\n\nThe final outcome remains sensitive to pricing achieved on assets currently held for sale and on transactions under negotiation.\n\nStrategic transaction and deleveraging update\n\nAs previously announced, Grit continues to face persistent headwinds including rising finance costs and increasing debt liabilities. In response, the Board has been considering ...