Alternative Income posts valuation lift

Alternative Income REIT has posted a second consecutive quarterly rise in its portfolio valuation. In a stock market update, the company said net asset value as of 30 September was £65.4m, up by 0.5% quarter-on-quarter. Simon Bennett, non-executive chair, said: “The group’s portfolio remains relatively insulated from market fluctuations, benefiting from being 100% let, achieving 100% collection of rent due, and a 95.9% index-linked rent review profile.” Bennett added that the team is hunting for new deals in which to invest the £2.2m of remaining proceeds from the sale of a hotel in Glasgow, “which has taken longer than originally anticipated”.