Alternative Income Reit (AIRE)

  • Change Today:
  • 52 Week High: 74.00
  • 52 Week Low: 55.40
  • Currency: UK Pounds
  • Shares Issued: 80.50m
  • Volume: 69,513
  • Market Cap: £53.77m
  • RiskGrade: 140

AEW Long Lease REIT completes acquisition of Lambeth-based property for £4.4m

By Ikaba Koyi

Date: Monday 16 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Real estate investment trust AEW Long Lease REIT reported on Monday it had completed the acquisition of a property in the London Borough of Lambeth for £4.4m, reflecting a net initial yield of 5.1%.
The property, said to be fully let to Pure Gym at a low passing rent of £11.60 per square foot, sat in an investment-catch area, the Borough of Lambeth, currently undergoing extensive redevelopment as part of a 561 acre regeneration plan to transform the area into a residential, cultural and business quarter, increasing employment, residents and investment in the local area.

It also borders the Nine Elms Northern Line London Underground station, planned to open in 2020.

According to the company, the transaction took the total amount invested by AEW UK since June to £22.1m.

At its June IPO the company raised £80.5m from institutional and retail investors, telling investors it intended to invest the majority of the net proceeds within nine months of listing, while targeting an annual dividend of 5.5 pence per share paid quarterly which it aimed to grow in line with UK inflation once fully invested and levered.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.


AIRE Market Data

Currency UK Pounds
Share Price 66.80p
Change Today 0.000p
% Change 0.00 %
52 Week High 74.00
52 Week Low 55.40
Volume 69,513
Shares Issued 80.50m
Market Cap £53.77m
RiskGrade 140

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AIRE Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 15-Feb-24 09-Nov-23
Paid 01-Mar-24 24-Nov-23
Amount 1.43p 1.43p

Trades for 12-Apr-2024

Time Volume / Share Price
15:24 577 @ 66.86p
15:23 2,500 @ 66.86p
13:51 4,000 @ 66.86p
12:46 14,955 @ 66.86p
12:45 1 @ 67.00p

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