Alternative Income REIT Plc (GB:AIRE) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.
For further insights into GB:AIRE stock, check out TipRanks’ Stock Analysis page.