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

Ground Rents Income Fund (LON:GRIO) released 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 net margin of 1,164.41% and a negative return on equity of 47.94%.

Ground Rents Income Fund Trading Down 3.7%

GRIO stock traded down GBX 0.63 during trading on Friday, hitting GBX 16.37. The company had a trading volume of 49,109 shares, compared to its average volume of 126,382. The company has a fifty day moving average price of GBX 17.19 and a two-hundred day moving average price of GBX 18.84. Ground Rents Income Fund has a fifty-two week low of GBX 13.20 and a fifty-two week high of GBX 31.76. The company has a market cap of £15.66 million, a P/E ratio of -3.64 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.