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Alternative Income REIT Plc ( (GB:AIRE) ) has issued an announcement.
Alternative Income REIT PLC announced an interim dividend of 1.55 pence per share for the quarter ending December 31, 2024, maintaining its target annual dividend of 6.2 pence per share for the year ending June 2025. The company’s unaudited net asset value (NAV) increased by 0.8% to £66.0 million, with a total NAV return of 2.7% for the quarter. Despite a decrease in share price, resulting in an increased discount to NAV, the company demonstrates resilience with a fully let portfolio and 100% rent collection. The portfolio’s valuation increased by £0.6 million, and the company is preparing for future refinancing of its senior loan maturing in October 2025.
More about Alternative Income REIT Plc
Alternative Income REIT PLC is a UK-based company that owns a diversified portfolio of commercial property assets. These properties are predominantly let on long leases with index-linked rent reviews, providing a stable income stream. The company focuses on generating secure and growing rental income, with a market focus on the UK commercial property sector.
YTD Price Performance: -2.27%
Average Trading Volume: 79,860
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £54.9M
Learn more about AIRE stock on TipRanks’ Stock Analysis page.
