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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Alternative Income Reit Plc | AIRE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.20 | -0.29% | 69.20 | 12:36:24 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 69.30 | 69.20 | 69.30 | 69.20 | 69.40 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 31/10/2024 | Interim | GBP | 0.0155 | 07/11/2024 | 08/11/2024 | 22/11/2024 |
| 08/08/2024 | Interim | GBP | 0.01625 | 15/08/2024 | 16/08/2024 | 30/08/2024 |
| 09/05/2024 | Interim | GBP | 0.01425 | 16/05/2024 | 17/05/2024 | 31/05/2024 |
| 08/02/2024 | Interim | GBP | 0.01425 | 15/02/2024 | 16/02/2024 | 01/03/2024 |
| 02/11/2023 | Interim | GBP | 0.01425 | 09/11/2023 | 10/11/2023 | 24/11/2023 |
| 02/08/2023 | Interim | GBP | 0.0192 | 10/08/2023 | 11/08/2023 | 25/08/2023 |
| 04/05/2023 | Interim | GBP | 0.01375 | 11/05/2023 | 12/05/2023 | 26/05/2023 |
| 01/02/2023 | Interim | GBP | 0.01375 | 09/02/2023 | 10/02/2023 | 24/02/2023 |
| 01/11/2022 | Interim | GBP | 0.01375 | 10/11/2022 | 11/11/2022 | 25/11/2022 |
| 03/08/2022 | Interim | GBP | 0.016 | 11/08/2022 | 12/08/2022 | 26/08/2022 |
| 05/05/2022 | Interim | GBP | 0.013 | 12/05/2022 | 13/05/2022 | 27/05/2022 |
| 03/02/2022 | Interim | GBP | 0.013 | 10/02/2022 | 11/02/2022 | 28/02/2022 |
| 03/11/2021 | Interim | GBP | 0.013 | 11/11/2021 | 12/11/2021 | 26/11/2021 |
| 04/08/2021 | Interim | GBP | 0.0164 | 12/08/2021 | 13/08/2021 | 31/08/2021 |
| 05/05/2021 | Interim | GBP | 0.0125 | 13/05/2021 | 14/05/2021 | 28/05/2021 |
| 04/02/2021 | Interim | GBP | 0.01 | 11/02/2021 | 12/02/2021 | 26/02/2021 |
| 05/11/2020 | Interim | GBP | 0.0125 | 12/11/2020 | 13/11/2020 | 30/11/2020 |
| 06/08/2020 | Interim | GBP | 0.01425 | 13/08/2020 | 14/08/2020 | 28/08/2020 |
| 06/05/2020 | Interim | GBP | 0.00825 | 14/05/2020 | 15/05/2020 | 29/05/2020 |
| 06/02/2020 | Interim | GBP | 0.01375 | 13/02/2020 | 14/02/2020 | 28/02/2020 |
| Top Posts |
|---|
Posted at 31/10/2024 12:37 by marktime1231 Quite right nickrl this is a trap, luring punters in on a rising dividend which they know will have to be cut. My guess is the cost of borrowing, which needs to be refinanced within the next six months or AIRE becomes a questionable going concern, will double up from the current 3.2% average. AIRE are a small player under pressure and unlikely to be able to agree terms better than base + 2%.So net income available for distribution is likely to fall by around 30%. Very naughty of AIRE to be rising distributions by about 5% in the meantime. So naughty in fact it adds to suspicion that they are lined up to sell out in the next 12 months, to a buyer attracted by a high yielding and performing portfolio. This time next year AIRE will be sold for cash at a 10% discount to NAV, subsumed by an O or other well funded real estate giant where the yields are less spectacular. |
Posted at 31/10/2024 10:53 by nickrl Good to see annualised NRI continuing to increase modestly each qtr which does support the slight rise in divi forecast. However, the elephant in the room is with less than a year to go on refi thety are going to be faced with quite a step up on finance charges from current 3.2% to 5-5.5% currently or worse after adverse reaction from gilts yesterday. I would have rather they held back on any divi increase until that refi was boxed off as cutting the divi now ill have an adverse reaction to share price As a result i will hold and not top up further here until I know whats happened on refi. |
Posted at 31/10/2024 07:43 by this_is_me Great to hold for the dividend and the capital gain is nice too. |
Posted at 15/9/2024 06:46 by skyship ASLI had a good finish to the week - moving up to 62.5p. Still good value.As I've posted elsewhere, take a look at CLI. Sp has been hammered due to their chosen sector of Offices. However, look under the bonnet and the 60% NAV discount and the 8.5% yield on a well-covered dividend, does seem more than a little harsh. Berenbergs now upgrading and looking for a 25% recovery to 114p. I'm looking for much more; especially if the 60% controlling family decide to diversify their trusts and sell out to PE. An immediate 75%-100% profit! |
Posted at 12/9/2024 11:53 by marktime1231 The CREI tip here was gold, up 10p in three months. Risen so fast I haven't had weakness opportunities to add more, instead loading up on SUPR and averaging down on my price there.Saw another tip in the FT for Impact Healthcare which was heavily discounted when one of its smaller retirement home operators folded but seems to have recovered from that and otherwise performing well. Put off a little though because the tipster has a record of backing crashers including GRID and RGL. Is IHR worth a closer look, it seems to pass the tests of cheap, reasonable gearing, scale and yield? AIRE share price looks like it may be starting to drift back from the last bout of enthusiam, watching closely for news. |
Posted at 27/8/2024 11:36 by marktime1231 Out at 71.2p. Thanks AIRE you have been a rewarding risk.As ever the puzzle is where next. Already filled up on SUPR and CREI. |
Posted at 16/8/2024 10:26 by marktime1231 Busy again today, offers up to 71p for my last piece of AIRE |
Posted at 15/8/2024 11:29 by marktime1231 How strange. Couldn't sell yesterday at any price, sold ex-div today in what is a busy market for AIRE. |
Posted at 28/5/2024 20:56 by nexusltd @marktime1231. CREI Stats - diversified REIT• Assets 589.1mn • NAV per share of 93.4p • Net gearing 29.2% loan-to-value as of 31 March 2024 • Weighted average cost of aggregate borrowings 4.1% • 140mn term loans @ average fixed rate 3.4%,,average maturity 6.3 years, first expiry Aug 2025 20mn. • EPRA NIY topped up is 6.5% (margin 6.5-4.1) • EPRA earnings FY24 5.8p, dividend FY24 5.8p - so fully covered • Always paid a fully covered dividend since launch • Dividend yield 8.3% @72.3p share price offer • share price discount to NAV 22.6% • +15% reversion What do you think? Edit: some more perspective here in post #376: |
Posted at 02/11/2023 07:44 by cwa1 Update:-ET ASSET VALUE, DIVIDEND DECLARATION AND PORTFOLIO VALUATION UPDATE TO 30 SEPTEMBER 2023 Resilient portfolio well placed to continue to provide secure, index-linked income with the potential for capital growth New target annual dividend of at least 5.9 pence per share, a 3.5% increase on the prior year target of 5.7 pence per share The Board of Directors of Alternative Income REIT PLC (ticker: AIRE), the owner of a diversified portfolio of UK commercial property assets, predominantly let on long leases with index-linked rent reviews, provides a trading and business update and declares an interim dividend for the quarter ended 30 September 2023. Simon Bennett, Non-Executive Chair of Alternative Income REIT plc, comments: "AIRE completed the disposal of its hotel in Glasgow for £7.5 million in August 2023 at a 7.9% premium to its book value. The Board has considered a number of attractive potential investment opportunities and now expects to reinvest the net proceeds into two alternative investments, with one of the acquisitions at an advanced stage with completion expected prior to 31 December 2023. The Company achieved its target dividend of 5.7 pence per share ("pps") last year, and subject to the reinvestment of the Glasgow sale proceeds as anticipated and the continued collection of rent from the Group's property portfolio as it falls due, the Board has set a new dividend target of at least 5.9pps for the year ending 30 June 2024. This represents an increase of at least 3.5% over the previous year and reflects the Board's intention to pay a progressive dividend. The Group's portfolio has delivered income growth for the quarter ended September 2023 of 2.5% (after discounting for the conclusion of the rent-free period on Pets at Home) as a result of its 96% index-linked rent review profile, with 40% of this rental income reviewed annually. Contracted annualised rent increased by 4.2% this quarter. The portfolio continues to be actively managed and during the quarter, three rent reviews were successfully completed and regearing discussions have started with three tenants, combining lease extensions with ESG initiatives and EPC improvements. During the quarter, the Group's portfolio valuation, portfolio net initial yield and unaudited NAV remained broadly stable. The Company delivered an unaudited NAV total return for the quarter of 1.6%. The Group's portfolio is relatively insulated from market fluctuations, benefiting from being 100% let, with 100% collection of rent due and 96% index-linked rent review profile, and low borrowing costs fixed at a weighted average interest rate of 3.19% until October 2025, which together continue to provide a secure and growing rental income stream. The Board remains confident that the Company is well-positioned to continue to deliver value to shareholders through a progressive dividend policy and with a portfolio that has the potential for capital growth." |
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