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Alpha Real Trust posts growth in net assets as asset sales lift performance

By BFN News | 09:18 AM | Friday 15 March, 2019


Alpha Real Trust net asset value per ordinary grew 15.2% in its December quarter compared to the prior quarter. NAV per share was 205.6p at 31 December 2018, up 15.2% from 178.4p as at 30 September 2018. The company reported total shareholder return NAV growth of 19% over the twelve-month period to 31 December 2018, principally driven by realised sales. Post-period end, the company sold the Frankfurt data centre site for €44.8m and the Monk Bridge, Leeds Private Rented Sector residential site for £15.2m. 'The company remains well positioned to continue to deliver attractive returns through investing, realising and re-investing its capital in asset backed investment opportunities and maintains an active pipeline of potential new secured senior and mezzanine loans and other investment opportunities under review,' said Alpha Real Trust Limited. Story provided by StockMarketWire.com

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