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About the company
Ground Rents Income Fund plc is a United Kingdom-based closed-ended real estate investment trust. The Company invests in long-term, income-generating real estate assets across the United Kingdom. It operates through the collection of ground rent from its investment properties segment. The Company’s investment objective is to provide secure long-term performance through investment in long-dated United Kingdom ground rents. Its strategy is to invest in a diversified portfolio of residential and commercial freeholds and head leases offering the potential for income generation from ground rents. Its investments also have the potential for capital growth, linked to contractual increases in ground rents over the long term. Its geographic spread of the portfolio includes the North East, North West, London, Midlands, South West, South East, and Wales. The Company's investment manager is Schroder Real Estate Investment Management Limited.
- Revenue in GBP (TTM)5.72m
- Net income in GBP3.31m
- Incorporated2012
- Employees0.00
- LocationGround Rents Income Fund Plc10th FlNo 1 Marsden Street, SpinningfieldsALTRINCHAM M2 1HWUnited KingdomGBR
- Phone+44 16 1870 3860
- Websitehttps://www.schroders.com/en/uk/private-investor/fund-centre/funds-in-focus/investment-trusts/schroders-investment-trusts/ground-rents-income-fund/
Profile
| Management group(s) | Schroder Real Estate Investment Management Ltd |
|---|---|
| AIC sector | Property - UK Residential |
| ISIN | GB00B715WG26 |
| Launch date | 13 Aug 2012 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The assets of the Company will be realised in a controlled, orderly and timely manner, with the objective of achieving a balance between (i) periodically returning cash to shareholders at such times and from time to time and in such manner as the Board may determine; and (ii) optimising the net realisation value of the Company’s investments. The strategy for realising individual investments will be flexible and may need to be altered to reflect changes in circumstances of a particular investment or in the prevailing market conditions. Whilst implementing this realisation strategy, the Company will aim to deliver best-in-class residential asset management including fairness, transparency, and affordability for leaseholders.
Managed by
| Chris Leek |
|---|
Management & contract fees
Schroders is paid a simplified, tiered annual fee comprising 1% of NAV up to GBP 200m; 0.9% of NAV between GBP 200m and GBP 400m; and 0.8% of NAV above GBP 400m.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Wynnstay Properties Plc | 2.45m | 1.17m |
| First Property Group PLC | 7.03m | -1.27m |
| Cardiff Property PLC | 678.00k | 1.20m |
| Ground Rents Income Fund PLC | 5.72m | 3.31m |
| Panther Securities P L C | 13.76m | 14.08m |
| Alternative Income REIT PLC | 8.05m | 2.71m |
| Real Estate Investors PLC | 11.51m | -9.41m |
| Town Centre Securities Plc | 30.81m | -17.67m |
| Schroder European Real Est Invt Tr PLC | 16.83m | -8.03m |
| Residential Secure Income PLC | 33.55m | -23.15m |
| Palace Capital PLC | 30.74m | -23.54m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Schroder & Co. Ltd.as of 30 Jun 2023 | 9.50m | 9.93% |
| Philip J. Milton & Co. Plcas of 28 Sep 2023 | 6.76m | 7.07% |
| Premier Fund Managers Ltd.as of 15 Dec 2023 | 5.50m | 5.75% |
| Close Asset Management Ltd.as of 01 Mar 2024 | 4.79m | 5.01% |
| Quilter Investors Ltd.as of 04 Aug 2023 | 4.69m | 4.90% |
| CG Asset Management Ltd.as of 01 Mar 2024 | 4.06m | 4.25% |
| Brooks Macdonald Asset Management Ltd.as of 01 Mar 2024 | 2.20m | 2.30% |
| Hargreaves Lansdown Asset Management Ltd.as of 01 Mar 2024 | 1.73m | 1.81% |
| Jupiter Asset Management Ltd.as of 01 Mar 2024 | 1.50m | 1.57% |
| Charles Taylor Investment Management Co. Ltd.as of 01 Mar 2024 | 1.23m | 1.29% |
