Alpha Real EPS grows last quarter despite NAV slide
Real estate investment trust Alpha Real Trust said on Friday that adjust earnings had grown in the three months ended 31 December despite seeing its net asset value slip.
Alpha Real posted adjusted earnings per share of 2.3p for the quarter, down from the 1.6p reported in the prior quarter, despite seeing the group's net asset value decline from 211.1p to 209.3p.
The AIM-listed business also reported a basic loss per share for the period of 1.5p, a widening of the 1.3p recorded in the prior quarter.
Despite the wider loss, Alpha Real declared a quarterly dividend of 1.0p per ordinary share, expected to be paid on 9 April.
Alpha also moved to assure investors that it was in a "robust" financial position and stated it was taking "a cautious approach" to new investment and would look to conserve cash.
As of 1010 GMT, Alpha Real shares were down 3.42% at 155.50p.