Ground Rents Income Fund PLC

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Risk-Adjusted Performance

Ground Rents Income Fund PLC (GRIO) Price Performance

Ground Rents Income Fund PLC (GRIO) trades on London Stock Exchange in GBX. The company is classified in the Real Estate sector under the REIT - Diversified industry. The stock currently trades at GBX18.00, up 2.86% from the previous close.

Over the past year, GRIO has traded between a low of GBX17.00 and a high of GBX31.00. The stock has lost 33.3% over this period. It is currently 41.9% below its 52-week high.

Ground Rents Income Fund PLC has a market capitalization of $16.74M.

About Ground Rents Income Fund PLC

Ground Rents Income Fund plc is a closed-ended real estate investment trust, listed on The International Stock Exchange and traded on the SETSqx platform of the London Stock Exchange. Schroder Real Estate Investment Management Limited (the 'Manager') was appointed as the Company's Alternative Investment Fund Manager in May 2019 to support the Company's Board with the headwinds related to building safety and leasehold reform. In 2023, the Board and Manager carried out an extensive shareholder consultation on proposals to change the Continuation Vote mechanism included in the Articles dating from 2012, as well as proposed changes to the Investment Policy. These proposals received strong support from shareholders and resulted in a new Continuation Resolution and Investment Policy. The new Investment Policy adopts a strategy of realising the Company's assets in a controlled, orderly and timely manner for shareholders, whilst continuing to deliver best-in-class residential asset management including fairness, transparency, and affordability for leaseholders. In November 2023 the previous Government published a consultation on restricting existing residential ground rents payable, without compensation to freeholders (the 'Consultation'). This represented a significant shift in the Government's approach to leasehold reform and led the Company's independent valuer, Savills, in conjunction with other valuers and the Royal Institution of Chartered Surveyors, to adopt a Material Valuation Uncertainty Clause ('MUC') across the entire residential ground rent market.