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Track real-time Director Deals activity on the London Stock Exchange (LSE)
| 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 |
| Date | Time | Source | Headline |
|---|---|---|---|
| 12/5/2025 | 15:41 | UK RNS | Alternative Income REIT PLC PCA Shareholding |
| 08/5/2025 | 14:00 | UK RNS | Alternative Income REIT PLC NAV, Dividend Declaration and Portfolio.. |
| 28/3/2025 | 10:51 | UK RNS | Alternative Income REIT PLC PCA Shareholding |
| 26/3/2025 | 15:21 | ALNC |  DIRECTOR DEALINGS: Energean team invest GBP2.8 million after deal blow |
| 26/3/2025 | 14:52 | UK RNS | Alternative Income REIT PLC PCA Shareholding |
| 24/3/2025 | 10:05 | ALNC | DIRECTOR DEALINGS: Trustpilot chair and Totally interim CEO buy shares |
| 20/3/2025 | 17:21 | UK RNS | Alternative Income REIT PLC PCA Shareholding |
| 18/3/2025 | 14:20 | UK RNS | Alternative Income REIT PLC PCA Shareholding |
| 14/3/2025 | 15:52 | UK RNS | Alternative Income REIT PLC PCA Shareholding |
| 12/3/2025 | 09:43 | UK RNS | Alternative Income REIT PLC PCA Shareholdings |
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 |
|---|---|---|---|
| 14/5/2025 | 11:13 | Alternative Income REIT - Long leases, High yield, good NAV discount | 1,024 |
| 21/1/2022 | 12:21 | Alternative Income REIT PLC | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 10:43:53 | 74.60 | 500 | 373.01 | O |
| 08:58:50 | 74.61 | 3,986 | 2,973.95 | O |
| 08:50:22 | 73.40 | 13,446 | 9,869.36 | O |
| 08:43:35 | 73.40 | 15,000 | 11,010.00 | O |
| 08:34:29 | 74.54 | 13,415 | 9,999.54 | O |
| 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 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 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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