News
- Home
- Investment Company News
- Alpha Real Trust posts NAV growth of 15.2% during year
Alpha Real Trust (ARTL) has published its annual results for the year ended 31 March 2017. During the period, the trust’s NAV per share grew by 15.2% to 158.9p. It also paid a quarterly dividend of 0.6p (2.4p in total for the year). Its chairman, David Jeffreys, describes the period as a, “very active year for ARTL with new investments, capital recycling and asset management successes secured”. He also says that, “The potential realisation of c.£46 million from investment disposals this year and next will enable ARTL to further invest in its build to rent investments with the potential for capital investment in excess of £30 million in the next 12 months. This number does not include potential investment opportunities in other portfolio assets and new investment in the Company’s mezzanine portfolio.”
The company provides the following highlights from its results:
Alpha Real Trust targets investment and development opportunities in real estate, including real estate operating companies, securities, services and other related businesses that offer high total returns. Alpha Real Trust’s investment manager will seek to identify investment opportunities where income and capital values can be enhanced where appropriate through: space reconfiguration where under-utilised or inefficient areas within a building can be re-arranged to provide more valuable space; refurbishment and redevelopment where space can be modernised and the specification upgraded to create space which can command higher rents; re-leasing, which has the potential to increase the rental income to an open market level, when this is in excess of the existing rent; space creation by extending the building to meet tenant demand; and change of use which can result in higher value use for certain areas of a building or for entire properties.
Alpha Real Trust posts NAV growth of 15.2% during year : ARTL
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated