LONDON (ShareCast) - (Sharecast News) - AIM-listed trust Alpha Real Estate saw its net asset value grow across the first half of its trading year, leading it to up its interim dividend by 50%.
Net asset value grew 6% year-on-year to £122.15m after Alpha acquired an industrial facility in Hamburg, Germany for £14.8m as part of its efforts to actively augment and diversify its portfolio of mezzanine loan investments.

Alpha also invested a further £12.3m into its loan portfolio during the period and has dropped an additional £1.8m into the same portfolio since the period ended on 30 September.

Basic earnings per share slipped to 2.5p from the 3p recorded a year earlier.

Chairman David Jeffreys, said: "The company remains well positioned to continue to deliver attractive returns through investing, realising and re-investing its capital in asset-backed investment opportunities."

As of 1020 GMT, Alpha shares were 1.79% higher at 139.96p.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE