Alternative Income REIT 10/2/2024 Earnings Report

Alternative Income REIT EPS Results

• Actual EPS: GBX 5.99
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Alternative Income REIT Revenue Results

• Actual Revenue: N/A
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Alternative Income REIT Announcement Details

• Date: 10/2/2024
• Time: Before Market Opens
• Conference Call Date: N/A
• Conference Call Time: N/A

Alternative Income REIT (LON:AIRE) PLC (LSE ticker: AIRE) aims to generate a sustainable, secure and attractive income return for shareholders, including a potentially progressive dividend and capital growth, from a diversified portfolio of resilient UK property investments, predominately in alternative and specialist sectors. The majority of the assets in the Group's portfolio are let on long leases which contain index linked rent review provisions. 93% of the contracted rents are lined to inflation. At 31 March 2022, the Company's unaudited net asset value per was 93.30 pence per share, representing a 3.23% increase over the period, due to increases in portfolio valuation and income earned during the period. When combined with the 1.3 pps dividend paid for the quarter, this produces an unaudited NAV total return for the quarter of 4.83%. Our portfolio is very well positioned to deliver further income and capital enhancement to our shareholders from our predominantly inflation-linked leases as well as asset management initiatives, opportunistic transactions and as the market continues to improve. The Company remains on track to deliver on its target annual dividend of 5.5 pence per share with full dividend cover expected, all else being equal, by September 2022*. The Company's investment adviser is M7 Real Estate Limited ("M7"). M7 is a leading specialist in the pan-European, regional, multi-tenanted real estate market. It has over 220 employees in 15 countries across Europe. The team manages over 570 properties with a value of circa €4.9 billion. * This is a target only and not a profit forecast. There can be no assurance that the target will be met and it should not be taken as an indicator of the Company's expected or actual results.