Alternative Income REIT Plc (GB:AIRE) has released an update.
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Alternative Income REIT PLC announces its annual financial results for the year ending June 30, 2024, noting a slight decrease in Net Asset Value per share and investment property values amidst a challenging economic environment marked by rising interest rates and inflation. Despite these conditions, the company maintained steady dividend payouts in line with its target and reported a profit before tax of £2.4 million. The company’s property portfolio remains fully let, with a significant portion of its income being inflation-linked, suggesting a resilient outlook for future performance.
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