Cash flow Ground Rents Income Fund PLC

Stocks

GRIO

GB00B715WG26

Diversified REITs

Market Closed - London S.E. 09:05:09 28/08/2026 pm IST			5-day change	1st Jan Change
17.50 ^GBX	0.00%		0.00%	-27.08%

29/06	Ground Rents Income Fund PLC Reports Earnings Results for the Half Year Ended March 31, 2026	CI
23/04	Ground Rents Income Fund plc Announces Board and Board Committee Changes	CI

96279c7bc519f304d.8KuE2em6TT5xSQD-EFtoD-LDIQ3OqacRT-ZpG_BYoEM.r8HjhqDvOGQ2Lma4VmwgTrWuTXv_-O1mBLI7KbYO7wad4OWepv8bBzwobw

Published financial data: GROUND RENTS INCOME FUND PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Rental Revenues	56.94L	55.96L	57.24L	61.08L	59.33L
Property Management Fee	-	-	-	2L	19.98T
Total Revenues	56.94L	55.96L	57.24L	62.91L	59.53L
Property Expenses	10.12L	9L	11.45L	14.58L	10.59L
Selling General & Admin Expenses, Total	8L	10.44L	17.4L	18.68L	24.04L
Provision for Bad Debts	-	-	-	5L	2L
Other Operating Expenses	56.11T	65.92T	3L	1L	3L
Total Operating Expenses	18.96L	20.46L	32.26L	39.58L	39.26L
Operating Income (REIT / Utility Template)	37.98L	35.5L	24.98L	23.34L	20.28L
Interest Expense, Total	-6L	-7L	-8L	-9L	-7L
Interest and Investment Income	618	1.36T	46.6T	1L	2L
Net Interest Expenses	-6L	-7L	-8L	-8L	-5L
Other Non Operating Income (Expenses)	10.04T	-43.07T	-28.9T	-15.45T	-19.92T
EBT, Excl. Unusual Items	31.81L	27.98L	16.97L	15.17L	15.18L
Gain (Loss) on Sale of Assets	3L	23.68T	64.86T	99.33T	44.74T
Asset Writedown	-47.32L	-1.03Cr	-28.87L	-3.13Cr	-58.81L
Legal Settlements	-5L	-	-	-	-
Other Unusual Items	29L	-	-	-	-
EBT, Incl. Unusual Items	11.93L	-75.2L	-11.25L	-2.97Cr	-43.19L
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	11.93L	-75.2L	-11.25L	-2.97Cr	-43.19L
Net Income to Company	11.93L	-75.2L	-11.25L	-2.97Cr	-43.19L
Net Income - (IS)	11.93L	-75.2L	-11.25L	-2.97Cr	-43.19L
Net Income to Common Incl Extra Items	11.93L	-75.2L	-11.25L	-2.97Cr	-43.19L
Net Income to Common Excl. Extra Items	11.93L	-75.2L	-11.25L	-2.97Cr	-43.19L
Per Share Items
Net EPS - Basic	0.01	-0.08	-0.01	-0.31	-0.05
Basic EPS - Continuing Operations	0.01	-0.08	-0.01	-0.31	-0.05
Basic Weighted Average Shares Outstanding	9.7Cr	9.59Cr	9.57Cr	9.57Cr	9.57Cr
Net EPS - Diluted	0.01	-0.08	-0.01	-0.31	-0.05
Diluted EPS - Continuing Operations	0.01	-0.08	-0.01	-0.31	-0.05
Diluted Weighted Average Shares Outstanding	10Cr	9.59Cr	9.57Cr	9.57Cr	9.57Cr
Normalized Basic EPS	0.02	0.02	0.01	0.01	0.01
Normalized Diluted EPS	0.02	0.02	0.01	0.01	0.01
Dividend Per Share	0.04	0.03	0	-	-
Payout Ratio	322.03	-38.25	-106.31	-	-
Supplemental Items
EBITA	37.98L	35.5L	24.98L	23.34L	20.28L
EBIT	37.98L	35.5L	24.98L	23.34L	20.28L
Effective Tax Rate - (Ratio)	-	-	-	-	-
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Normalized Net Income	19.88L	17.49L	10.61L	9L	9L
Interest on Long-Term Debt	5L	5L	7L	7L	6L
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	52.51T	50T	1L	50T	2L
General and Administrative Expenses	8L	10L	15.86L	17.83L	22.28L

Fiscal Period: September	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Assets
Net Property Plant And Equipment	12Cr	11Cr	11Cr	7.14Cr	5.62Cr
Total Real Estate Assets	12Cr	11Cr	11Cr	7.14Cr	5.62Cr
Cash And Equivalents	10.9L	19.12L	16.02L	55.25L	42.81L
Accounts Receivable, Total	7L	7L	10.37L	14.61L	10L
Other Receivables	11.28L	5L	15.68L	10.69L	13.81L
Other Current Assets, Total	39.36T	1L	1L	85.33T	3L
Trading Asset Securities, Total	35.96T	6.81T	216	-	-
Total Assets	12Cr	11Cr	11Cr	7.96Cr	6.31Cr
Liabilities
Current Portion of Long-Term Debt	-	-	-	2L	81.62L
Short-Term Borrowings	-	-	-	-	-
Long-Term Debt	1.91Cr	2.07Cr	2.09Cr	1.92Cr	-
Accounts Payable, Total	52.02T	3.67T	15.96T	56.54T	-
Accrued Expenses, Total	13.73L	29.49L	33.82L	36.81L	28.02L
Current Income Taxes Payable	-	29.41T	-	32.95T	-
Unearned Revenue, Current	19.53L	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	1L	-	-	-	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	2.26Cr	2.37Cr	2.42Cr	2.31Cr	1.1Cr
Common Stock, Total	4.84Cr	4.78Cr	4.78Cr	4.78Cr	4.78Cr
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	5.12Cr	4Cr	3.77Cr	79.84L	36.65L
Comprehensive Income and Other	1L	7L	7L	7L	7L
Total Common Equity	9.97Cr	8.85Cr	8.62Cr	5.65Cr	5.22Cr
Total Equity	9.97Cr	8.85Cr	8.62Cr	5.65Cr	5.22Cr
Total Liabilities And Equity	12Cr	11Cr	11Cr	7.96Cr	6.31Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	9.67Cr	9.57Cr	9.57Cr	9.57Cr	9.57Cr
ECS Total Common Shares Outstanding	9.67Cr	9.57Cr	9.57Cr	9.57Cr	9.57Cr
Book Value / Share	1.03	0.93	0.9	0.59	0.55
Tangible Book Value	9.97Cr	8.85Cr	8.62Cr	5.65Cr	5.22Cr
Tangible Book Value Per Share	1.03	0.93	0.9	0.59	0.55
Total Debt	1.91Cr	2.07Cr	2.09Cr	1.93Cr	81.62L
Net Debt	1.8Cr	1.88Cr	1.92Cr	1.38Cr	38.81L
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	3	4	4	4	3
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	5L	7L

Fiscal Period: September	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Net Income	11.93L	-75.2L	-11.25L	-2.97Cr	-43.19L
Amortization of Deferred Charges, Total	2L	2L	1L	2L	94.35T
(Gain) Loss On Sale of Asset - (CF)	-3L	-23.68T	-64.86T	-99.33T	-44.74T
Total Asset Writedown	47.32L	1.03Cr	28.87L	3.13Cr	58.81L
Change in Accounts Receivable	19.16T	5L	-14.57L	1L	-1.49T
Change in Accounts Payable	-5L	-5L	4L	4L	-10L
Other Operating Activities	-29.63L	-12.46T	-69.63T	-2L	-2L
Cash from Operations	22.72L	29.51L	7L	20.83L	4L
Acquisition of Real Estate Assets, Total	-	-	-	-	-
Sale of Real Estate Assets, Total	4L	41.43T	1L	34.14L	93.78L
Net Sale / Acquisition of Real Estate Assets	4L	41.43T	1L	34.14L	93.78L
Other Investing Activities, Total	618	1.36T	46.6T	1L	2L
Cash from Investing	4L	42.8T	1L	35.56L	95.94L
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	15L	-	-	-
Total Debt Issued	-	15L	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-15L	-1.13Cr
Total Debt Repaid	-	-	-	-15L	-1.13Cr
Issuance of Common Stock	-	130	-	-	-
Repurchase of Common Stock	-2L	-8L	-	-	-
Common Dividends Paid	-38.41L	-28.77L	-11.96L	-	-
Common & Preferred Stock Dividends Paid	-38.41L	-28.77L	-11.96L	-	-
Other Financing Activities, Total	-	-	-	-2L	-
Cash from Financing	-40.37L	-21.72L	-11.96L	-17.16L	-1.13Cr
Net Change in Cash	-13.46L	8L	-3L	39.23L	-12.44L
Supplemental Items
Cash Interest Paid	5L	6L	7L	7L	6L
Cash Income Tax Paid (Refund)	-	-	-	-	-
Net Debt Issued / Repaid	-	15L	-	-15L	-1.13Cr
Levered Free Cash Flow	16.32L	19.41L	2L	15.91L	-48.79T
Unlevered Free Cash Flow	18.64L	22.24L	5L	19.68L	3L
Change In Net Working Capital	5L	-5.57T	10.41L	-5L	10L

Fiscal Period: September	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Profitability
Return on Assets	1.89	1.89	1.4	1.53	1.78
Return on Total Capital	1.97	1.95	1.44	1.6	1.86
Return On Equity %	1.18	-7.99	-1.29	-41.65	-7.95
Return on Common Equity	1.18	-7.99	-1.29	-41.65	-7.95
Margin Analysis
Gross Profit Margin %	82.66	84.44	80.56	77.31	82.72
SG&A Margin	14.98	19.83	30.97	30.18	40.89
EBITA Margin %	66.7	63.43	43.63	37.09	34.06
EBIT Margin %	66.7	63.43	43.63	37.09	34.06
Income From Continuing Operations Margin %	20.95	-134.38	-19.65	-472.3	-72.54
Net Income Margin %	20.95	-134.38	-19.65	-472.3	-72.54
Net Avail. For Common Margin %	20.95	-134.38	-19.65	-472.3	-72.54
Normalized Net Income Margin	34.92	31.25	18.53	15.07	15.93
Levered Free Cash Flow Margin	28.67	34.68	2.75	25.29	-0.82
Unlevered Free Cash Flow Margin	32.73	39.74	9.08	31.29	5.01
Asset Turnover
Asset Turnover	0.05	0.05	0.05	0.07	0.08
Fixed Assets Turnover	0.05	0.05	0.05	0.07	0.09
Receivables Turnover (Average Receivables)	8.63	8.31	6.66	5.04	4.93
Short Term Liquidity
Current Ratio	0.84	1.08	1.28	2.07	0.63
Quick Ratio	0.83	1.04	1.24	2.05	0.6
Operating Cash Flow to Current Liabilities	0.65	0.99	0.22	0.53	0.04
Days Sales Outstanding (Average Receivables)	42.31	43.93	54.79	72.67	74.05
Average Days Payable Outstanding	55.03	11.67	3.22	9.29	-
Long Term Solvency
Total Debt/Equity	19.17	23.42	24.19	34.22	15.64
Total Debt / Total Capital	16.08	18.98	19.48	25.5	13.53
LT Debt/Equity	19.17	23.42	24.19	33.94	-
Long-Term Debt / Total Capital	16.08	18.98	19.48	25.29	-
Total Liabilities / Total Assets	18.49	21.13	21.95	29.03	17.37
EBIT / Interest Expense	6.05	5	3.05	2.47	2.87
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-6.14	-1.72	2.29	9.91	-5.37
Gross Profit, 1 Yr. Growth %	-4.99	0.4	-2.41	5.48	1.25
EBITA, 1 Yr. Growth %	0.94	-6.53	-29.63	-6.57	-13.1
EBIT, 1 Yr. Growth %	0.94	-6.53	-29.63	-6.57	-13.1
Earnings From Cont. Operations, 1 Yr. Growth %	-175.21	-730.41	-85.04	2.54T	-85.47
Net Income, 1 Yr. Growth %	-175.21	-730.41	-85.04	2.54T	-85.47
Diluted EPS Before Extra, 1 Yr. Growth %	-171.95	-764.46	-85	2.54T	-85.47
Normalized Net Income, 1 Yr. Growth %	3.02	-12.03	-39.36	-10.6	0.04
Net Property, Plant and Equip., 1 Yr. Growth %	-3.87	-8.68	-2.68	-32.65	-21.29
Accounts Receivable, 1 Yr. Growth %	1.82	2.29	52.3	40.81	-34.62
Total Assets, 1 Yr. Growth %	-4.79	-8.26	-1.59	-27.94	-20.68
Common Equity, 1 Yr. Growth %	-2.77	-11.22	-2.62	-34.47	-7.65
Tangible Book Value, 1 Yr. Growth %	-2.77	-11.22	-2.62	-34.47	-7.65
Cash From Operations, 1 Yr. Growth %	6.38	29.92	-75.08	183.25	-79.5
Levered Free Cash Flow, 1 Yr. Growth %	-36.53	18.89	-91.88	909.63	-103.07
Unlevered Free Cash Flow, 1 Yr. Growth %	-34.18	19.33	-76.62	278.59	-84.86
Dividend Per Share, 1 Yr. Growth %	-6.06	-19.35	-83.33	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.49	-3.95	0.27	6.03	1.98
Gross Profit, 2 Yr. CAGR %	-3.71	-2.33	-1.02	1.46	3.34
EBITA, 2 Yr. CAGR %	-4.02	-2.87	-18.9	-18.92	-9.9
EBIT, 2 Yr. CAGR %	-4.02	-2.87	-18.9	-18.92	-9.9
Earnings From Cont. Operations, 2 Yr. CAGR %	-27.81	117.74	-2.89	98.78	95.94
Net Income, 2 Yr. CAGR %	-27.81	117.74	-2.89	98.78	95.94
Diluted EPS Before Extra, 2 Yr. CAGR %	-29.29	118.64	-0.17	99.04	95.94
Normalized Net Income, 2 Yr. CAGR %	-2.78	-4.8	-26.96	-26.37	-5.43
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.44	-6.31	-5.73	-19.04	-27.2
Accounts Receivable, 2 Yr. CAGR %	-1.01	2.05	24.81	46.44	-4.05
Total Assets, 2 Yr. CAGR %	-3.04	-6.54	-4.98	-15.79	-24.4
Common Equity, 2 Yr. CAGR %	-3.92	-7.09	-7.02	-20.12	-22.21
Tangible Book Value, 2 Yr. CAGR %	-3.92	-7.09	-7.02	-20.12	-22.21
Cash From Operations, 2 Yr. CAGR %	-15.36	17.57	-43.1	-15.99	-23.8
Levered Free Cash Flow, 2 Yr. CAGR %	-28.64	-13.13	-68.92	-9.44	-44.36
Unlevered Free Cash Flow, 2 Yr. CAGR %	-27.82	-11.38	-47.18	-5.92	-24.29
Dividend Per Share, 2 Yr. CAGR %	-3.08	-12.96	-63.34	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.05	-0.25	-1.92	3.38	2.09
Gross Profit, 3 Yr. CAGR %	-1.9	-2.36	-2.36	1.11	1.39
EBITA, 3 Yr. CAGR %	-2.18	-4.86	-12.76	-14.98	-17.02
EBIT, 3 Yr. CAGR %	-2.18	-4.86	-12.76	-14.98	-17.02
Earnings From Cont. Operations, 3 Yr. CAGR %	-51.85	48.66	-10.82	192.05	-16.88
Net Income, 3 Yr. CAGR %	-51.85	48.66	-10.82	192.05	-16.88
Diluted EPS Before Extra, 3 Yr. CAGR %	-52.56	49.21	-10.5	197.48	-16.81
Normalized Net Income, 3 Yr. CAGR %	-1.28	-5.96	-18.09	-21.87	-18.45
Net Property, Plant and Equip., 3 Yr. CAGR %	-2.17	-3.91	-5.11	-15.73	-19.8
Accounts Receivable, 3 Yr. CAGR %	-18.96	0.08	16.62	29.93	11.92
Total Assets, 3 Yr. CAGR %	-3.22	-4.81	-4.92	-13.35	-17.45
Common Equity, 3 Yr. CAGR %	-4.13	-6.42	-5.63	-17.26	-16.16
Tangible Book Value, 3 Yr. CAGR %	-4.13	-6.42	-5.63	-17.26	-16.16
Cash From Operations, 3 Yr. CAGR %	-17.42	-2.37	-29.91	-2.85	-47.5
Levered Free Cash Flow, 3 Yr. CAGR %	-18.89	-15.4	-60.57	-0.84	-70.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	-18.44	-14.66	-43.16	1.84	-48.83
Dividend Per Share, 3 Yr. CAGR %	-2.06	-8.84	-49.83	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.65	1.73	1.33	2.22	-0.37
Gross Profit, 5 Yr. CAGR %	1.38	0.16	-1.55	-0.85	-0.12
EBITA, 5 Yr. CAGR %	0.33	-2.13	-9.25	-10.76	-11.63
EBIT, 5 Yr. CAGR %	0.33	-2.13	-9.25	-10.76	-11.63
Earnings From Cont. Operations, 5 Yr. CAGR %	-43.19	10.05	-36.26	66.98	22.18
Net Income, 5 Yr. CAGR %	-43.19	10.05	-36.26	66.98	22.18
Diluted EPS Before Extra, 5 Yr. CAGR %	-43.96	9.86	-36.12	67.44	22.45
Normalized Net Income, 5 Yr. CAGR %	-1.25	-3.29	-12.49	-14.73	-13.24
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.03	-4.75	-3.61	-10.28	-14.65
Accounts Receivable, 5 Yr. CAGR %	-13.06	-17.76	-3.68	16.54	7.86
Total Assets, 5 Yr. CAGR %	-1.7	-5.5	-3.93	-9.37	-13.25
Common Equity, 5 Yr. CAGR %	-4.13	-7.02	-5.3	-12.16	-12.64
Tangible Book Value, 5 Yr. CAGR %	-4.13	-7.02	-5.3	-12.16	-12.64
Cash From Operations, 5 Yr. CAGR %	-14.49	-2.18	-28.85	-8.06	-27.52
Levered Free Cash Flow, 5 Yr. CAGR %	-15.24	-1.5	-44.74	-13.07	-54.75
Unlevered Free Cash Flow, 5 Yr. CAGR %	-13.32	-1.59	-31.45	-11.26	-36.26
Dividend Per Share, 5 Yr. CAGR %	-1.24	-5.42	-33.89	-	-