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Alternative Income REIT Plc
(LSE:AIRE)
Select Model
Select Model
Rating:70Outperform
Price Target:
79.00 p
▲(12.38% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by solid underlying financial performance with strong operating profitability and improved FY2025 cash generation, plus an attractive valuation profile (low P/E and high dividend yield). Technicals are moderately positive with the stock above major moving averages and supportive momentum. The main offset is event-driven uncertainty from ongoing takeover dynamics, despite supportive dividend-related news.
Positive Factors
Stable rental income model
AIRE’s core model targets long-dated and inflation-linked commercial leases, creating durable contracted cash flows and inflation protection. Over 2–6 months this structural income focus supports predictable rent streams, enabling steady distribution planning and targeted asset management.
Negative Factors
Volatile cash conversion
Material swings in operating cash flow across years undermine predictability of distributable cash and capital plans. Even with a strong FY2025, uneven cash conversion increases the risk that payouts or reinvestment will need adjustment if occupier cashflows or asset-sale timing falter over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable rental income model
AIRE’s core model targets long-dated and inflation-linked commercial leases, creating durable contracted cash flows and inflation protection. Over 2–6 months this structural income focus supports predictable rent streams, enabling steady distribution planning and targeted asset management.
Read all positive factors
Alternative Income REIT Plc (AIRE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£55.22M
Dividend Yield8.16%
Average Volume (3M)238.99K
Price to Earnings (P/E)8.0
Beta (1Y)0.28
Revenue Growth5.98%
EPS Growth35.28%
CountryUK
Employees220
SectorGeneral
Sector StrengthN/A
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.09
Shares Outstanding80,500,000
10 Day Avg. Volume208,493
30 Day Avg. Volume238,990
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.88
Price to Sales (P/S)6.95
P/FCF Ratio6.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Alternative Income REIT Plc Business Overview & Revenue Model
Company Description
Alternative Income REIT PLC (AIRE.L) is dedicated to delivering a stable, reliable, and attractive income stream for its shareholders. This is achieved through a diversified portfolio of UK property investments, with a strong emphasis on alternati...
How the Company Makes Money
AIRE makes money primarily from rental income generated by letting its property portfolio to tenants under commercial lease agreements. These leases typically require tenants to pay contracted rent over the lease term; where applicable, rent may i...
Alternative Income REIT Plc Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.88M | 8.57M | 7.90M | 8.66M | 7.90M | 7.41M |
| Gross Profit | 7.82M | 7.79M | 7.22M | 7.54M | 7.00M | 6.49M |
| EBITDA | 7.43M | 6.72M | 6.15M | 6.86M | 6.47M | 5.99M |
| Net Income | 6.91M | 7.26M | 2.36M | -5.24M | 13.17M | 5.57M |
Balance Sheet | ||||||
| Total Assets | 106.72M | 111.16M | 108.84M | 111.52M | 121.70M | 112.82M |
| Cash, Cash Equivalents and Short-Term Investments | 2.35M | 3.15M | 3.29M | 3.48M | 2.54M | 2.12M |
| Total Debt | 35.69M | 40.96M | 40.83M | 41.02M | 40.95M | 40.89M |
| Total Liabilities | 38.72M | 43.83M | 43.72M | 43.77M | 44.10M | 43.93M |
| Stockholders Equity | 68.00M | 67.33M | 65.12M | 67.75M | 77.60M | 68.89M |
Cash Flow | ||||||
| Free Cash Flow | 5.84M | 8.94M | 4.02M | 5.06M | 4.90M | 6.73M |
| Operating Cash Flow | 5.84M | 8.94M | 4.02M | 5.06M | 4.90M | 6.73M |
| Investing Cash Flow | 4.46M | -2.72M | 2.08M | 606.00K | 21.00K | -2.91M |
| Financing Cash Flow | -10.87M | -6.36M | -6.29M | -4.73M | -4.49M | -3.99M |
Alternative Income REIT Plc Technical Analysis
Negative
70.30
Price Trends
70.16
Negative
69.33
Negative
70.59
Negative
Market Momentum
-0.73
Positive
46.30
Neutral
26.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AIRE, the sentiment is Negative. The current price of 70.3 is above the 20-day moving average (MA) of 69.87, above the 50-day MA of 70.16, and below the 200-day MA of 70.59, indicating a bearish trend. The MACD of -0.73 indicates Positive momentum. The RSI at 46.30 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:AIRE.
Alternative Income REIT Plc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £357.50M | 14.06 | 4.93% | 5.06% | -5.46% | -27.41% | |
70 Outperform | £55.22M | 7.99 | 10.22% | 8.16% | 5.98% | 35.28% | |
70 Outperform | £161.85M | 16.27 | 5.76% | 7.84% | -3.39% | -59.21% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | £54.93M | -10.47 | -4.75% | 3.83% | 4.77% | -1540.79% | |
54 Neutral | £29.95M | -7.25 | -11.17% | 8.15% | -41.22% | ― | |
50 Neutral | £55.08M | -65.63 | -0.96% | 5.00% | -13.04% | 64.44% |
* General Sector Average
GB:AIRE
Alternative Income REIT Plc
68.60
3.68
5.66%
GB:AEWU
AEW UK REIT
102.00
5.14
5.31%
GB:PCA
Palace Capital
188.50
-17.50
-8.50%
GB:RLE
Real Estate ate ate Investors
31.50
2.51
8.65%
GB:TOWN
Town Centre Securities
130.50
8.53
6.99%
GB:PCTN
Picton Property Income
70.00
-3.30
-4.51%
Alternative Income REIT Plc Corporate Events
Business Operations and StrategyM&A Transactions
Alternative Income REIT Investors Reject Glenstone’s Unsolicited Bid
Positive
Jul 29, 2026
Alternative Income REIT plc, a UK-listed real estate investment trust, focuses on delivering stable income from a diversified property portfolio rather than speculative development gains. The company targets income-oriented investors in the altern...
DividendsM&A TransactionsRegulatory Filings and Compliance
Alternative Income REIT Says Glenstone Bid Falls to 70p After Dividend Adjustment
Neutral
Jul 23, 2026
Alternative Income REIT plc has disclosed that Glenstone REIT plc’s cash offer of 71.4 pence per share is contractually subject to adjustment for any dividends declared by AIRE, following its fourth interim dividend of 1.4 pence per share fo...
Business Operations and StrategyDividendsFinancial Disclosures
Alternative Income REIT meets annual dividend target with fourth interim payout
Positive
Jul 23, 2026
Alternative Income REIT PLC has declared a fourth interim dividend of 1.40 pence per share for the quarter ended 30 June 2026, confirming that it has achieved its target annual dividend of at least 5.6 pence per share for the year. The payout, to ...
Business Operations and StrategyM&A Transactions
Alternative Income REIT Board Urges Shareholders to Reject Glenstone Takeover Bid
Neutral
Jul 20, 2026
The board of Alternative Income REIT has issued a formal response document rejecting Glenstone REIT’s all-cash takeover offer for the shares it does not already own. It argues the effective offer price of 70 pence per share materially underv...
Business Operations and StrategyM&A Transactions
Alternative Income REIT Board Backs AEW UK REIT Approach Over Glenstone Bid
Positive
Jul 20, 2026
Alternative Income REIT plc has acknowledged a possible all-share offer from AEW UK REIT plc, under which its investors would receive 0.725 AEWU shares for each AIRE share, implying a value of about 77.4 pence and a premium over the current bid fr...
Business Operations and StrategyFinancial Disclosures
Alternative Income REIT plays down impact of Meridian Steel wind-up on income
Neutral
Jul 9, 2026
Alternative Income REIT plc has disclosed that three industrial units let to Meridian Steel, a subsidiary of the Duferco Group, account for about £800,000 of annualised rent, or just over a tenth of its rental intake, with leases on these ass...
Business Operations and StrategyM&A Transactions
Alternative Income REIT questions value of Glenstone’s revised bid
Negative
Jul 8, 2026
Alternative Income REIT has challenged the headline value of Glenstone REIT’s increased cash offer, arguing that dividend adjustments reduce the effective price to 70 pence per share. The board highlights that this implied consideration offe...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Alternative Income REIT backs portfolio valuation in defence against Glenstone bid
Neutral
Jul 6, 2026
Alternative Income REIT has published an independent valuation report of its property portfolio by Knight Frank, prepared under Rule 29 of the Takeover Code in response to a cash takeover offer from Glenstone REIT. The report confirms the 31 March...
Business Operations and StrategyExecutive/Board Changes
Alternative Income REIT Announces Immediate Director Resignation
Neutral
Jul 6, 2026
Alternative Income REIT plc has announced a board change, with director Adam Smith resigning from his position with immediate effect. The departure represents a governance adjustment for the income-focused property trust, though no further details...
Business Operations and StrategyM&A Transactions
Alternative Income REIT Board Rejects Glenstone Bid as Deep Value Discount, Flags Risks for Minority Holders
Negative
Jun 16, 2026
Alternative Income REIT’s independent board has challenged Glenstone REIT’s firm cash offer of 70 pence per share, highlighting that, once the company’s customary fourth-quarter dividend is accounted for, the effective value fall...
M&A TransactionsRegulatory Filings and Compliance
Alternative Income REIT Weighs 70p-a-Share Takeover Bid from Glenstone
Neutral
Jun 12, 2026
Alternative Income REIT plc has acknowledged a firm cash offer from Glenstone REIT plc to acquire all Alternative Income shares not already owned or controlled by Glenstone at 70 pence per share. The independent directors, excluding Adam Smith, wi...
Business Operations and Strategy
Alternative Income REIT appoints Shore Capital as sole financial adviser and broker
Positive
May 29, 2026
Alternative Income REIT plc has appointed Shore Capital as its financial adviser and sole corporate broker, effective immediately. The move signals a potential strengthening of the company’s capital markets support and advisory capabilities,...
Business Operations and StrategyM&A Transactions
Alternative Income REIT weighs incomplete Glenstone approach as it backs portfolio strength
Neutral
May 18, 2026
Alternative Income REIT plc has confirmed it received an indicative, conditional and non-binding proposal from its largest shareholder, Glenstone REIT plc, for a possible cash offer for all shares it does not already own, but the independent direc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.