Alpha Real's NAV supported by balanced portfolio

Alpha Real Trust saw its net asset value tick up a little over 1% during the second quarter of its trading year, thanks in part to some positive foreign currency movements.

The real estate investor reported an unaudited NAV per ordinary share of 174.8p on Friday, topping the 172.9p posted on 31 March - reflecting the company's earnings, minus the dividend paid in the period, other investments made and positive foreign currency movements.

Alpha turned in a basic earnings per share of 1.8p and an adjusted earnings per share for the three month period ended 30 June of 1.1p.

The London-listed group also declared a quarterly dividend of 0.6p per ordinary share which it expects to be paid on 21 September.

Alpha credited its balanced portfolio and continued capital allocation to a mix of investments, as well as its ability to balance income returns while creating the potential for capital value, for its continued growth.

The company stated it had successfully maintained a pipeline of new investment opportunities for capital allocation and that an increased capital investment was planned for high-yielding mezzanine loans and high-yielding equity, including build-to-rent properties, across a range of markets and asset types.

Alpha assured investors that it remains "well-positioned" to continue to deliver attractive returns.

As of 1000 BST, Alpha shares had dipped 0.31% to 127.10p.