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

Ground Rents Income Fund (LON:GRIO) posted its quarterly earnings data on Monday. The company reported GBX (22.60) earnings per share 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 for the quarter.

Ground Rents Income Fund Price Performance

Shares of GRIO opened at GBX 16.23 on Monday. The stock has a 50 day moving average price of GBX 17.30 and a 200 day moving average price of GBX 19.08. Ground Rents Income Fund has a one year low of GBX 13.20 and a one year high of GBX 31.80. The company has a debt-to-equity ratio of 15.64, a quick ratio of 1.06 and a current ratio of 0.81. The stock has a market capitalization of £15.52 million, a price-to-earnings ratio of -3.61 and a beta of 0.76.

Ground Rents Income Fund Company Profile

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.