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AIRE Alternative Income Reit Plc

74.20
0.20 (0.27%)
Share Name Share Symbol Market Type Share ISIN Share Description
Alternative Income Reit Plc LSE:AIRE London Ordinary Share GB00BDVK7088 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.20 0.27% 74.20 80,521 09:34:39
Bid Price Offer Price High Price Low Price Open Price
73.40 75.00 74.20 74.00 74.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 7.9M 2.36M 0.0293 25.32 59.57M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:43:52 O 500 74.602 GBX

Alternative Income Reit (AIRE) Latest News

Alternative Income Reit (AIRE) Discussions and Chat

Alternative Income Reit Forums and Chat

Date Time Title Posts
14/5/202511:13Alternative Income REIT - Long leases, High yield, good NAV discount1,024
21/1/202212:21Alternative Income REIT PLC1

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Alternative Income Reit (AIRE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:43:5374.60500373.01O
08:58:5074.613,9862,973.95O
08:50:2273.4013,4469,869.36O
08:43:3573.4015,00011,010.00O
08:34:2974.5413,4159,999.54O

Alternative Income Reit (AIRE) Top Chat Posts

Top Posts
Posted at 16/6/2025 09:20 by Alternative Income Reit Daily Update
Alternative Income Reit Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker AIRE. The last closing price for Alternative Income Reit was 74p.
Alternative Income Reit currently has 80,500,000 shares in issue. The market capitalisation of Alternative Income Reit is £59,731,000.
Alternative Income Reit has a price to earnings ratio (PE ratio) of 25.32.
This morning AIRE shares opened at 74p
Posted at 07/3/2025 12:04 by marktime1231
Can't think of a likely bidder but a large diversified REIT might be tempted at a discount by AIRE's high income. The portfolio is a mixture but it is performing. I think that rescue bid prospect is built in to the current price. If a deal does not emerge in the next couple of months AIRE is a continuation risk. Anyone willing to refinance the £40M or so debt will be looking for a high risk interest rate.

If there is no take out and a lender commits the net result might be a small but performing REIT which produces a much-reduced but still reasonable income. The share price will step down, so if you want to take the risk wait until the dust settles before buying.

I might be looking at AIRE again then, but not now, so what is ST thinking? Does he imagine there is a premium bid in the pipeline, or a cheaper refinance deal than 6%?
Posted at 06/3/2025 10:38 by marktime1231
On what grounds is Simon Thompson pushing this? As nickrl points out the refinance deadline is fast approaching and will cause an uncertain but significant jump in costs. The dividend will have to be cut sharply. I do not believe all the bad news is fully priced in to the share price in the low 70's.

Or AIRE will have to sell out to a big player with cash or access to cheaper finance. The upside of that prospect, a sale at a discount to NAV of about 10p, is sustaining the share price

ST is these days one of the few at IC with credible analysis worth paying attention to, but I would like to know what he sees in AIRE. The argument that the yield will still be good even after a 30% haircut is fair, but it could hit the share price by 8-10p and send AIRE back towards the 20-25% discount which the REIT sector currently suffers.

So why not wait for the reset, buying now is taking an unnecessary risk.
Posted at 05/3/2025 22:42 by nickrl
AIRE HY25 report out earlier in the week gives a little more detail from the NAV statement. They have someone on board to assist sorting out the refi would have thought that would have been straightforward enough. Anyhow they admit its going to cost more and I suspect 5.5-6% based on current rates against 3.19%. This will push cover below 1 although they are saying nothing on the future. Personally I would have held the divi until this matter is cleared up as although they can afford to take a few years of <1 coverage it only takes one of the bigger tenants to go under and the game will be up. No immediate lease breaks/expires over next 12mths but a few are coming up in 2027.
Anyhow price ran up well during the day on abnormally high volume.
Posted at 05/2/2025 17:48 by nickrl
Tring adds 175k to rent roll of 7.7M (FY24) plus c1/3rd of portfolio getting a 2.5% RPI rise is c7.9m rent roll currently (I asked AIRE for an update they said it will be released in HY report!). Op costs are 1.2m and finance costs of 1.3m which leaves the 5m divi covered. A replacement loan is going to be 5.75-6% based on latest 5yr swap and 1.5% margin. They do have a bit of spare cash so lets assume they reduce loan to 40m that adds 0.8-0.9m to interest bill. So current divi will be 0.6-0.7m uncovered which will reduce over time. As I said early they have 50% of the portfolio on 5yr reviews so depending when they fall (not detailed on each asset in AR's) coverage could be far closer as even though most are on 4% annual caps that could easily add c15% to existing passing rents. Of course AIRE will have this knowledge so thats why they increased the divi despite the imminent refi.

BoDs here really need to reduce the cost of the inv mgr all it needs is a debt collection agency.
Posted at 05/2/2025 13:18 by stemis
The thing about AIRE is that, because their rent increases are baked into the leases, their forward income is pretty predictable. I'm sure the company has a much more detailed forward projection of net income than we have and therefore will have a good handle on how dividend coverage will pan out in the next few years. If they didn't think they could handle it, why would they increase it? The impact of raising a dividend then cutting it on the share price would be worse than just holding it. Since 2020 the dividend and coverage has been (excluding the 2023 0.345p relating a historic legal case)

2020: 5.0p (99%)
2021: 5.14p (98.6%)
2022: 5.5p (101.3%)
2023: 5.7p (106.4%)
2024: 5.9p (101.5%)
2025F: 6.2p
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 12/9/2024 12:53 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 27/2/2024 08:06 by stemis
No obvious signs of concerns in the interims just released

On track to deliver target annual dividend of at least 5.9 pence per share for the financial year ending 30 June 2024

Resilient portfolio well placed to continue to provide secure, index-linked income with the potential for capital growth

The Board expect dividend to be fully covered, subject to the reinvestment of the Glasgow sale proceeds and the continued collection of rent from the Group's property portfolio. Annualised rent grew by 2.9% in the Period after taking account of the rent-free incentive period for Pets at Home in Droitwich.

Slightly 'amusing' that the results highlight "following a substantial narrowing of the discount, the share price increased substantially by 10.5% to 71.50pps and the share price total return for the Period was 15.7%." when the share price on release of the results was 64.1p, lower than the start of the 'share price increase'...
Posted at 11/1/2024 13:32 by marktime1231
Flying today, just been offered 74.5p for a good chunk, and still weeks ahead of the dividend. Not selling though. I assume this is continued momentum and the low availability of stock rather than specific rumours, very welcome and has got me wondering how much further AIRE share price might recover. 80-something, provided NAV tracks up?
Posted at 02/2/2022 12:50 by marktime1231
Swapping one car showroom for another was a bit curious, "state-of-the-art" ? The rationale reads a bit like de-risking for those of you worried about that here, but the consequence of steadier prospects is lower yield.

The move in AIRE share price which I inkled about two weeks ago has turned out to be quite something, added 4-5p and still going. Still worth low 80's on balance of risk and reward in my view.

An update and dividend declaration expected tomorrow I think.
Alternative Income Reit share price data is direct from the London Stock Exchange

Alternative Income Reit Frequently Asked Questions (FAQ)

What is the current Alternative Income Reit share price?
The current share price of Alternative Income Reit is 74.20p
How many Alternative Income Reit shares are in issue?
Alternative Income Reit has 80,500,000 shares in issue
What is the market cap of Alternative Income Reit?
The market capitalisation of Alternative Income Reit is GBP 59.57M
What is the 1 year trading range for Alternative Income Reit share price?
Alternative Income Reit has traded in the range of 65.00p to 74.50p during the past year
What is the PE ratio of Alternative Income Reit?
The price to earnings ratio of Alternative Income Reit is 25.32
What is the cash to sales ratio of Alternative Income Reit?
The cash to sales ratio of Alternative Income Reit is 7.56
What is the reporting currency for Alternative Income Reit?
Alternative Income Reit reports financial results in GBP
What is the latest annual turnover for Alternative Income Reit?
The latest annual turnover of Alternative Income Reit is GBP 7.9M
What is the latest annual profit for Alternative Income Reit?
The latest annual profit of Alternative Income Reit is GBP 2.36M
What is the registered address of Alternative Income Reit?
The registered address for Alternative Income Reit is THE SCALPEL 18TH FLOOR, 2 LIME STREET, LONDON, EC3M 7AF
What is the Alternative Income Reit website address?
The website address for Alternative Income Reit is www.alternativeincomereit.com
Which industry sector does Alternative Income Reit operate in?
Alternative Income Reit operates in the REAL ESTATE INVESTMENT TRUST sector

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