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

Ground Rents Income Fund (LON:GRIO) released its quarterly earnings data 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 Trading Down 3.7%

GRIO stock traded down GBX 0.63 during trading on Friday, reaching GBX 16.37. 49,109 shares of the stock were exchanged, compared to its average volume of 126,382. The firm’s 50 day moving average is GBX 17.22 and its 200 day moving average is GBX 18.86. The firm has a market cap of £15.66 million, a P/E 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.

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.