In QuotedData’s morning briefing 27 February 2024:
- Alternative Income REIT (AIRE) reported a 3% fall in net asset value (NAV) to 81.62p per share in the six months to 31 December 2023, following a 3.5% drop in the value of its portfolio to £103.3m. Adjusted earnings per share for the period were down 11.6% to 2.96p, covering its dividend of 2.85p.
- Schroder REIT (SREI) posted a 3.0% NAV decline to 58.7p per share in the quarter to 31 December 2023 (30 September 2023: 60.5p), driven by a 1.6% fall in the value of its portfolio to £457.8m.
- Octopus Renewables Infrastructure (ORIT) has announced that it is one of the multiple interested parties that is entering the process of mutual due diligence in preparation for a potential combination that was announced by Aquila European Renewables (AERI) yesterday (click here to see our coverage from yesterday). ORIT notes that there can be no certainty that a transaction between ORIT and AERI will result from the process and says it will make further announcements as and when appropriate.
We also have annual results from Law Debenture.