Alternative Income REIT (LON:AIRE) Releases Quarterly Earnings Results

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

Alternative Income REIT Price Performance

Shares of Alternative Income REIT stock traded down GBX 1 during trading on Friday, hitting GBX 70. 653,916 shares of the stock were exchanged, compared to its average volume of 187,013. The firm’s 50-day moving average price is GBX 68.83 and its 200 day moving average price is GBX 72.08. The stock has a market cap 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.

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.