IN BRIEF: Alternative Income REIT declares quarterly dividend as portfolio appreciates
8th Feb 2024 14:13
Alternative Income REIT PLC - London-based investor in commercial property assets - Declares second quarterly dividend of 1.425 pence per share, in line with its goal of delivering 5.9p in dividends for the financial year ending June 30. The company says that this rent target remains contingent on "continued strong rent collection". As of December 31, Alternative Income's 19-property portfolio was valued at GBP103.3 million, up from GBP99.6 million on September 30. The properties' value decreased by GBP1.4 million on a like-for-like basis, and the company says that the portfolio remains "relatively insulated from market fluctuations". Read More