9th Mar 2018 13:45
LONDON (Alliance News) - Alpha Real Trust Ltd said Friday it saw a rise in net asset value and earnings for the third quarter of its financial year.
Net asset value for the closed-ended investment company's ordinary and A shares was 168.4 pence per share as at the end of December, up from 167.3p at the end of September.
Earnings for the nine month period to the end of 2017 was 14.4 pence per ordinary share and 18.9p per A share, up from 13.3p per ordinary share and 17.7p per A share for the six months to September 30.
During the third quarter, four loans totalling GBP3.8 million were completed with a further three loans worth GBP5.2 million in total funded post-period.
For the data centre in Frankfurt, planning consent has been secured and tendering for pre-development works is underway with a view to having a development-ready site.
Finally, the H20 shopping centre in Madrid saw record visitor numbers in 2017, and like-for-like tenant sales increased by 6.4% over the year.
Shares in Alpha Real Trust were up 0.4% at 132.00 pence on Friday.
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