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.
Alpha Real Trust Ltd.
140.00p
16:55 29/04/24
Real Estate Investment & Services
2,199.94
14:30 30/04/24
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.