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URL Source: https://is.gd/onMWLz

Published Time: Mon, 26 May 2025 09:50:56 GMT

Markdown Content:
> Alternative & Specialist

Assets by Valuation 

Asset Valuation £Pocket Nook Industrial Estate, St Helens 11,650,000 Bramall Court, Salford 10,850,000 Grazebrook Industrial Estate, Works 1 & 2, Dudley 8,050,000 Premier Inn, Camberley 7,250,000 Motorpoint, Birmingham 7,100,000 Silver Trees, Bristol 6,825,000 Prime Life Care Home, Solihull 6,150,000 Droitwich Spa Retail Park, Droitwich 5,500,000 Travelodge, Swindon 5,500,000 Virgin Active, Streatham, London 5,150,000 

Top 10 properties 74,025,000 

Remainder of properties 33,000,000 Total 107,025,000 Tenants by Contracted Rent 

Tenant Industry Contracted Rent £ p.a. % of Total Rent Mears Group Plc Residential 808,835 10.0 Prime Life Ltd Healthcare 780,595 9.7 Meridian Steel Ltd Industrial 768,607 9.5 Motorpoint Ltd Automotive & Petroleum 568,102 7.1 Virgin Active Health Clubs Ltd Leisure 521,455 6.5 Premier Inn Hotels Ltd Hotel 503,512 6.3 Handsale Ltd Healthcare 490,989 6.1 Travelodge Hotels Ltd Hotel 403,148 5.0 B&M Bargains Retail Warehouse 364,109 4.5 Biffa Waste Services Ltd Industrial 352,642 4.4 

Top 10 tenants 5,561,993 69.1 

Remainder of tenants 2,490,774 30.9 Total 8,052,767 100.0 Investment Objective & Investment Policy 

The investment objective of the Group is to generate a secure and predictable income return, sustainable in real terms, whilst at least maintaining capital values, in real terms, through investment in a diversified portfolio of UK properties, in alternative and specialist sectors. In order to achieve the investment objective, the Group invests in freehold and long leasehold properties across the whole spectrum of the UK property sector, but with a focus on alternative and specialist real estate sectors. 

Assets 

# 20 Tenants 

# 23 Occupancy 

# 100% Portfolio Value 

# £107.0m 

Dividend Yield (target) 1

# 9.1% p.a. 

WAULT (expiry) 

# 17.5 yrs 

31/03/2025 Net Asset Value “NAV” (£m) 66.9 NAV per Share (p) 83.0 Shares in Issue (m) 80.5 Share Price (p) 68.5 Discount (%) (17.5) Market Cap (£m) 55.1 Loan to Gross Asset Value “GAV” (%) 37.1 Loan Facility (£m) 41.0 Contracted Rent Roll (£m) 8.1 WAULT – expiry (years) 17.5 WAULT – break (years) 15.9 Ongoing Charges (%) 1.5 

Five Year Dividend History (pence per share) 

Year ending 30/06/2025 30/06/2024 30/06/2023 30/06/2022 30/06/2021 1st interim 1.550p 1.425p 1.375p 1.300p 1.250p 2nd interim 1.550p 1.425p 1.375p 1.300p 1.000p 3rd interim 1.550p 1.425p 1.375p 1.300p 1.250p 4th interim 1.625p 1.920p 1.600p 1.640p 

Total dividend 5.900p 6.045p 2 5.500p 5.140p  

> 1

Target dividend divided by closing share price at 31 March 2025: 6.2p/68.5p 2 Comprises the target dividend of 5.7pps and 0.345pps in respect of non-rental income received 

>     

        

■ Share Price ■ NAV per Share 

Share Price vs NAV 

 June  to  March       (p) 

## Factsheet 

31 March 2025 (Issued 9 May 2025) 24.6 16.0 14.1 11.9 10.1 9.7 5.1 4.4 4.1 

Sector Split by Valuation (%) 

Healthcare Industrial Hotels Automotive & Petroleum Residential Leisure Retail Warehouses Power Stations Education 

> Disclaimer: This is a publication issued by Alternative Income REIT PLC. This document is not and should not be construed as an invitation or inducement to engage in investment activity. The document is intended for information purposes only and does not constitute investment advice. It is important to remember that past performance is not a guide to future performance. Furthermore, the value of any investment or the income deriving from them may go down as well as up and you may not get back the full amount invested. If you are in any doubt about the contents of this document or the investment to which it relates, you should consult a person that specialises and is authorised by the FCA to advise on this type of investment. © Alternative Income REIT PLC 2025

Alternative Income REIT PLC 

Ticker: AIRE 

Registered Address 

1 King William Street London EC4N 7AF 

Date of Listing 

6 June 2017 

Market 

LSE Main Market 

Index 

EPRA/NAREIT 

ISIN 

GB00BDVK7088 

SEDOL 

BDVK708 

LEI 

213800MPBIJS12Q88F71 

Shares in Issue 

80,500,000 

AGM 

10 November 2025 

Half Year End 

31 December 

Full Year End 

30 June 

Dividend payment dates 

Nov, Feb, May, Aug 

Key Contacts Investment Adviser 

Martley Capital Real Estate Investment Management Limited The Rookery, 4th Floor, 2 Dyott Street, London WC1A 1DE E: info@martleycap.com T: +44 (0)20 4551 1240 

Corporate Broker 

Panmure Liberum Limited Ropemaker Place, Level 12, 25 Ropemaker Street, London EC2Y 9LY T: +44 (0)20 3100 2000 

Depositary 

Langham Hall UK Depositary LLP 5 Old Bailey London EC4M 7BA 

Alternative Investment Fund Manager 

Langham Hall Fund Management LLP 1 Fleet Place London EC4M 7RA E: alternativeincomeREIT-AIFM@langhamhall.com 

Company Secretary 

Hanway Advisory Limited The Scalpel 18th Floor, 52 Lime Street, London EC3M 7AF E: hanwayadvisory@jtcgroup.com T: +44 (0)20 7409 0181 

Movements in NAV in Quarter  

> Pence per share £ million

NAV at start of period 81.9 66.0 Valuation changes in property portfolio 1.0 0.8 Income earned 2.7 2.2 Expenses (0.5) (0.4) Net finance costs (0.5) (0.4) Gain on property sale – –Interim dividend paid (1.6) (1.3) 

NAV at 31 March 2025 83.0 66.9 Rent Collection 

> Quarter starting Rent Collection at start of the quarter Rent Collection at date factsheet issued3

25 March 2025 100.0% 100.0% 25 December 2024 89.4% 100.0% 29 September 2024 88.7% 100.0% 24 June 2024 100.0% 100.0% 3 Of rent contractually due 

25.0 21.0 20.3 11.5 9.7 6.7 5.8 West Midlands Eastern 

Regional Split by Valuation (%) 

North West & Merseyside South East (excl. London) South West London Yorkshire and the Humber 

63.3 28.2 8.5 

Rent Review Basis (%) 

RPI CPI Other