2nd Mar 2022 21:39
Alina Holdings PLC - Warminster, England-based real estate investment trust - Hedging efforts are leading to a significant positive contribution during the ongoing market correction caused by Covid-19, central bank tightening and invasion of Ukraine.
Company expects that current market correction has further to run, with the chance of substantial economic slowdown as higher commodity prices feed into higher consumer prices.
"During the pandemic the company was able to achieve substantially better than market collections having assisted, where possible, tenants with government grants. We are pleased to report that we were able to collect better than 92% of recoverable rent," the company stated.
Current stock price: 16.00 pence
12-month change: down 22%
By Dayo Laniyan; [email protected]
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