Source - Alliance News

Alternative Income REIT PLC - London-based real estate investment company - As at June 30, net asset value per share rises 3.3% to 96.40 pence from 93.30p at end of March.

Fair value of investment properties rises 2.2% to £117.9 million from £115.4 million, while annualised contracted rent edges 0.8% higher at £7.3 million.

For the full year, meets target dividend of 5.5 pence per share.

‘This quarterly update demonstrates that the company's attractive, well managed and resilient portfolio continues to increase in value with growing contracted rents, 96% of which are linked to inflation. Together with our track record of collecting 100% of rents due, this helps ensure that AIRE is well-positioned to continue to provide our shareholders with attractive, secure, long dated income, including a potentially progressive dividend and capital growth,’ said Chair Alan Sippetts.

Current stock price: 83.57 pence

12-month change: up 14%

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