Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Ground Rents Income Fund plc is a unique real estate investment trust (REIT) that focuses primarily on the acquisition and management of ground rents. Ground rents are the income derived from leasing land or real estate, typically on a long-term basis, often up to 999 years, with periodic rent reviews that may be inflation-linked or fixed. The primary function of the Ground Rents Income Fund is to generate stable, long-term income by capitalizing on the predictable and secure cash flows that ground rents provide. Ground Rents Income Fund plc operates predominantly in the UK property market, offering exposure to residential and commercial real estate sectors. By investing in a diversified portfolio of ground rents, it provides to its investors a relatively low-risk profile compared to traditional property investments, given their seniority in the capital structure and legal protections embedded in lease agreements. In the financial market, Ground Rents Income Fund plays a specialized role by facilitating efficient capital allocation in the real estate segment, catering to investors looking for dividend income with a lower risk threshold. Its operations and growth strategies contribute to the broader real estate investment landscape by ensuring liquidity and stability in an otherwise niche asset class.
£0.17
+£0.00 (+0.00%)
EOD Jul 3, 2026
Revenue grew 95.1%, still solid. Free cash flow declined 80% despite revenue growth, conversion is weakening.
Free cash flow declined 80% versus the prior year, cash generation momentum has weakened. Net debt of £4M represents 9.1x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
-£1M
▲ +95.1% YoY
Net Income (TTM)
-£4M
▲ +85.5% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
£427K
▼ -79.5% YoY
Op. Cash Flow (TTM)
£427K
▼ -79.5% YoY
Net Debt
£4M
Cash & Equiv.
£4M
3Y CAGR: -47.5%
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Ground Rents Income Fund (GRIO.XLON) trades above a two-stage DCF intrinsic value of about £0.04 per share, so at £0.17 the stock looks overvalued (78.4% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Ground Rents Income Fund scores 18/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £0.04 per share for GRIO.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £0.03. At today's £0.17, that puts the stock about 78.4% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Ground Rents Income Fund scores 18 out of 100 on Intrinsiqq's quality score, a weighted blend of 4 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. GRIO.XLON currently trades above its estimated intrinsic value and scores 18/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.