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| 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
|
|
|---|---|---|---|---|---|
| -0.40 | -0.57% | 70.00 | 27,274 | 10:23:39 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 69.00 | 71.00 | 71.80 | 69.80 | 71.80 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 7.9M | 2.36M | 0.0293 | 23.82 | 56.67M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 10:18:23 | O | 6,862 | 69.80 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 12/11/2024 | 14:00 | UK RNS | Alternative Income REIT PLC Result of AGM |
| 31/10/2024 | 12:25 | UK RNS | Alternative Income REIT PLC NAV, Dividend Declaration and Portfolio.. |
| 31/10/2024 | 07:59 | ALNC |  *Alternative Income REIT says Sep 30 NAV per share is 81.3 pence, 0.5% rise.. |
| 31/10/2024 | 07:00 | UK RNS | Alternative Income REIT PLC NAV, Dividend Declaration and Portfolio.. |
| 08/10/2024 | 17:07 | UK RNS | Alternative Income REIT PLC Notice of AGM |
| 02/10/2024 | 12:42 | ALNC | Alternative Income annual net asset value falls amid low rental growth |
| 02/10/2024 | 06:00 | UK RNS | Alternative Income REIT PLC Results for the year ended 30 June 2024 |
| 08/8/2024 | 06:00 | UK RNS | Alternative Income REIT PLC NAV, Dividend Declaration and Portfolio.. |
| 05/7/2024 | 13:39 | UK RNS | Alternative Income REIT PLC Change of Registered Office |
| 20/6/2024 | 14:55 | ALNC | Best and worst performing London-listed funds in May - QuotedData |
Alternative Income Reit (AIRE) Share Charts1 Year Alternative Income Reit Chart |
|
1 Month Alternative Income Reit Chart |
Intraday Alternative Income Reit Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 31/10/2024 | 12:37 | Alternative Income REIT - Long leases, High yield, good NAV discount | 988 |
| 21/1/2022 | 12:21 | Alternative Income REIT PLC | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 10:18:23 | 69.80 | 6,862 | 4,789.68 | O |
| 10:02:30 | 69.80 | 44 | 30.71 | O |
| 09:45:36 | 70.12 | 14,184 | 9,945.68 | O |
| 08:35:39 | 69.80 | 2,767 | 1,931.37 | O |
| 08:16:52 | 69.80 | 1,442 | 1,006.52 | O |
| Top Posts |
|---|
Posted at 21/11/2024 08:20 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 70.40p.Alternative Income Reit currently has 80,500,000 shares in issue. The market capitalisation of Alternative Income Reit is £56,189,000. Alternative Income Reit has a price to earnings ratio (PE ratio) of 23.82. This morning AIRE shares opened at 71.80p |
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 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 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 27/2/2024 12:30 by marktime1231 That is the question.AIRE say the average fixed interest rate on its £41M loan facility is 3.19%, but finance costs are a touch higher at about £1.4M a year. What is the "current rate" or more importantly what will the rate be when they can't put off renegotiating finances any further ... I would say 12-18 months away. To make sums easy let's say a new deal is done at 6.5%. The rest of the maths depends on how well rental income improves. A gross increase to £8M perhaps. Which means we will have £1.1M less to spend on dividends, down from about £5.5M to £4.4M. All else being equal a 20% cut on the way. At the current share price yield would fall from a sector leading 8.8% to "only" 6.9%. Down to 1.1p per qtr. Oh well. I remain hopeful that this will be resolved when AIRE are taken out by a bigger REIT for around 73-74p. |
Posted at 27/2/2024 08:06 by stemis No obvious signs of concerns in the interims just releasedOn 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 23/8/2023 11:49 by marktime1231 It is considered that one of the motives behind Realty Income pursuing high yield property in Europe like retail parks is that they are such giants it is difficult to keep up attractive progress with their distribution organically. Absorbing performing REITs like EPIC or AIRE while property value is generally depressed and while the share price is heavily discounted means they can buy incremental yield at fair value or just below.Adding AIRE's portfolio to Realty Income would not necessarily alter the risk of tenant problems, but following the transfer distribution would nearly halve from around 10% to around 5.5%. We need to look at the balance of risk and reward, not just look at either risk or reward in isolation. What you lose on the swings you gain on the roundabouts. Are you trying to maximise income or preserve asset value? Realty Income may trade on a narrower discount but its share price has fallen from $70 to $55 over the last year while AIRE is down from about 85p to 60p. But AIRE's annual distribution has risen 10% while Realty Income's monthly payment is only 3.2% higher than a year ago. Actually I think all three REITs mentioned are attractive for different reasons, and would be a buyer at the right price. AIRE is a steal at 60p, not least because one of the outcomes is it might get snapped up at 80p+. |
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. |
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