Alternative Income REIT (LON:AIRE) Posts Earnings Results

Alternative Income REIT (LON:AIRE) announced its quarterly earnings results on Thursday. The company reported GBX 5.59 EPS for the quarter, Digital Look Earnings reports. The business had revenue of GBX 889 million for the quarter. Alternative Income REIT had a return on equity of 10.22% and a net margin of 77.88%.

Alternative Income REIT Stock Down 1.4%

AIRE stock traded down GBX 1 during midday trading on Friday, hitting GBX 70. The company’s stock had a trading volume of 653,916 shares, compared to its average volume of 187,013. The firm has a market capitalization of £56.35 million, a price-to-earnings ratio of 8.15 and a beta of 0.68. Alternative Income REIT has a 12 month low of GBX 66 and a 12 month high of GBX 81.60. The company has a 50 day moving average of GBX 68.83 and a two-hundred day moving average of GBX 72.08.

About Alternative Income REIT

AIRE own and actively manage a diversified portfolio of UK properties let to a range of strong tenant covenants, with a particular focus on alternative and specialist real estate sectors, which generates resilient and growing income returns. Alternative Income REIT PLC aims to offer investors a secure, diversified and inflation-linked income return, whilst at least maintaining capital values in real terms, through exposure to alternative and specialist real estate sectors such as automotive & petroleum, education, healthcare, hotels and industrials.

The Group invests in freehold and long UK leasehold properties across the whole spectrum of the UK property sector, but with a focus on alternative and specialist real estate sectors.