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

Ground Rents Income Fund (LON:GRIO) posted its quarterly earnings results on Monday. The company reported GBX (22.60) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Ground Rents Income Fund had a negative return on equity of 47.94% and a net margin of 1,164.41%.

Ground Rents Income Fund Stock Down 3.7%

Shares of LON:GRIO traded down GBX 0.63 during midday trading on Friday, reaching GBX 16.37. The company’s stock had a trading volume of 49,109 shares, compared to its average volume of 126,382. The firm has a market capitalization of £15.66 million, a PE ratio of -3.64 and a beta of 0.76. Ground Rents Income Fund has a twelve month low of GBX 13.20 and a twelve month high of GBX 31.76. The stock has a fifty day moving average of GBX 17.19 and a 200 day moving average of GBX 18.84.

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.