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

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

Alternative Income REIT Trading Down 1.4%

LON:AIRE opened at GBX 70 on Friday. The stock has a market cap of £56.35 million, a P/E ratio of 8.15 and a beta of 0.68. The stock’s 50-day moving average is GBX 68.83 and its 200-day moving average is GBX 72.04. Alternative Income REIT has a 1-year low of GBX 66 and a 1-year high of GBX 81.60.

About Alternative Income REIT

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.