An announcement from Alternative Income REIT Plc ( (GB:AIRE) ) is now available.
Alternative Income REIT plc reported a positive interim financial performance for the half year ending 31 December 2024, with a 1.3% increase in Net Asset Value (NAV) and a share price total return of 11.8%. The company is on track to meet its annual dividend target of 6.2 pence per share, supported by a resilient portfolio and successful acquisition of Champney’s Beauty College. The portfolio’s value increased to £106.2 million, and the company maintained a strong income stream with 91.5% of leases being index-linked. The board remains confident in the company’s future positioning, despite anticipating higher interest rates upon refinancing its loan in 2025.
More about Alternative Income REIT Plc
Alternative Income REIT plc operates in the real estate investment trust industry, focusing on owning a diversified portfolio of UK commercial property assets. The company’s primary service is providing secure, index-linked income through long leases with index-linked rent reviews, predominantly in the industrial and retail warehouse sectors.
YTD Price Performance: -1.39%
Average Trading Volume: 72,919
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £54.82M
See more insights into AIRE stock on TipRanks’ Stock Analysis page.