Alpha Real Trust Ltd on Friday said net asset value decreased in its latest six-month period, but that it ‘remains on a robust financial footing’.

The Guernsey-based property-finance investor said NAV at September 30 was 214.3 pence per share, down from 219.6p at September 30 and from 216.8p at March 31.

Shares in Alpha Real were up 3.1% at 116.00p on Friday morning in London.

Earnings per share, however, increased to 1.5p from 0.4p. Revenue increased to £4.2 million from £3.0 million, and pretax profit increased to £870,000 from £399,000.

Cash and equivalents totalled £13.1 million at September 30, down from £18.5 million at the same time one year prior.

The company maintained its interim dividend at 2.0p per share.

‘ART’s investment portfolio benefits from diversification across geographies, sectors, and asset types,’ commented Chair William Simpson. ‘As inflationary pressures and interest rate policy continue to shape the economic backdrop in which the company operates, ART remains on a robust financial footing and is well placed to capitalise on new investment opportunities.’

He added: ‘The company is currently focussed on its loan portfolio and also on its wider investment strategy which targets investments offering inflation protection via index linked income adjustments and investments that have potential for capital gains.’

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