9th May 2024 16:10
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." Read More
