Alternative Income REIT (LON:AIRE) Announces Earnings Results

Alternative Income REIT (LON:AIRE) posted 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 Performance

Shares of Alternative Income REIT stock traded down GBX 1 during trading hours on Friday, reaching GBX 70. 653,916 shares of the company were exchanged, compared to its average volume of 187,013. The stock’s fifty day moving average is GBX 68.83 and its 200 day moving average is GBX 72.08. The firm has a market cap of £56.35 million, a PE ratio of 8.15 and a beta of 0.68. Alternative Income REIT has a 1 year low of GBX 66 and a 1 year high of GBX 81.60.

Alternative Income REIT Company Profile

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.