Alternative Income REIT Plc

AIRE

GB00BDVK7088

Commercial REITs

Market Closed - London S.E. Other stock markets 11:35:21 2024-05-22 am EDT			5-day change	1st Jan Change
67.8 ^GBX	-1.31%		-2.31%	-5.17%

May. 09	Alternative Income's net asset value falls	AN
May. 09	Alternative Income REIT Plc Declares Interim Dividend for the Quarter Ended 31 March 2024, Payable on 31 May 2024	CI

Alternative Income's net asset value falls

May 09, 2024 at 11:12 am EDT

Alternative Income REIT PLC - investor in commercial property assets - Says net asset value at March 31 is 80.6 pence, down 1.2% from 81.6p on December 31. Declares 1.425p third interim dividend, and says it is on track for its full-year target of 5.9p. Adds that its property value on March 31 is GBP102.6 million, down 0.7% from GBP103.3 million at December 31. Chair Simon Bennett says: "The board is pleased to declare a third interim dividend of 1.425 pence per share for the last quarter, which is 101% covered by earnings. This is in line with the board's previously announced annual dividend target of at least 5.9pps for the financial year ending 30 June 2024, which remains subject to continued strong rent collection."

Current stock price: 69.58, up 1.3%

12-month change: up 2.0%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Alternative Income REIT Plc

Alternative Income's net asset value falls	May. 09	AN
Alternative Income REIT Plc Declares Interim Dividend for the Quarter Ended 31 March 2024, Payable on 31 May 2024	May. 09	CI
EARNINGS AND TRADING: JPMorgan US Smaller optimistic; Burford buyback	Mar. 18	AN
Earnings Flash (AIRE.L) ALTERNATIVE INCOME REIT Posts Fiscal H1 EPS GBX0.80	Mar. 04	MT
EARNINGS AND TRADING: Dar Global celebrates "outstanding" year	Mar. 01	AN
Alternative Income REIT Plc Provides Annual Dividend Target for the Year Ending 30 June 2024	Mar. 01	CI
EARNINGS AND TRADING: Synectics profit jumps; Webis loss widens	Feb. 27	AN
Earnings Flash (AIRE.L) ALTERNATIVE INCOME REIT Posts Fiscal H1 EPS GBX0.80	Feb. 27	MT
Alternative Income REIT Plc Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 27	CI
Alternative Income REIT declares quarterly dividend as portfolio appreciates	Feb. 08	AN
Alternative Income REIT Plc Declares an Interim Quarterly Dividend for the Quarter Ended 31 December 2023, Payable on 1 March 2024	Feb. 08	CI
Alternative Income REIT leases GBP5.1 million Virgin Active gym	Dec. 19	AN
Alternative Income REIT Completes GBP5 Million Purchase of London Leisure Club	Dec. 19	MT
Alternative Income REIT Plc acquired Virgin Active leisure club in Streatham for ?5.1 million.	Dec. 18	CI
Alternative Income REIT Plc Declares an Interim Quarterly Dividend for the Quarter Ended 30 September 2023, Payable on 24 November 2023	Nov. 02	CI
Alternative Income REIT Plc Provides Dividend Targets for the Year Ending 30 June 2024	Nov. 02	CI
FTSE 100 Closes Down on Rising Yields	23-10-02	DJ
EARNINGS AND TRADING: Alternative Income REIT raises dividend	23-10-02	AN
Earnings Flash (AIRE.L) ALTERNATIVE INCOME REIT Posts FY23 Loss GBX-6.51	23-10-02	MT
Alternative Income REIT Plc Reports Earnings Results for the Full Year Ended June 30, 2023	23-10-02	CI
Alternative Income REIT sells Glasgow hotel for GBP7.5 million	23-08-09	AN
Alternative Income REIT Sells Scottish Hotel for GBP7.5 Million	23-08-09	MT
S Hotels and Resorts (UK) Limited acquired MERCURE GLASGOW CITY HOTEL from Alternative Income REIT Plc for £7.5 million.	23-08-08	CI
Alternative Income REIT ups net value, surpasses annual payout target	23-08-02	AN
Alternative Income REIT plc Declares Fourth Interim Quarterly Dividend for the Quarter Ended June 30, 2023, Payable on August 25, 2023	23-08-02	CI

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Company Profile

Alternative Income REIT PLC is a United Kingdom-based real estate investment trust. The Company's investment objective is to generate a secure and predictable income return, sustainable in real terms, whilst at least maintaining capital values, in real terms, through investment in a diversified portfolio of United Kingdom properties, in alternative and specialist sectors. The majority of the assets in the Company's portfolio are let on long leases which contain inflation linked rent review provisions, which help to underpin income distributions to shareholders with the potential for income and capital growth. The Company may invest in corporate and other entities that hold property. It invests in alternative and specialist real estate sectors, which include leisure, hotels, healthcare, education, logistics, automotive, supported living and student accommodation. The Company's investment adviser is Martley Capital Real Estate Investment Management Limited.

Sector

Commercial REITs

Calendar

2024-09-25 - Q4 2024 Earnings Release (Projected)

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