Alpha Real Trust targets investment, development, financing and other opportunities in real estate, real estate operating companies and securities, real estate services, infrastructure, infrastructure services, other asset-backed businesses and related operations and services businesses that offer attractive risk-adjusted total returns.
Strategy
The Company currently focusses on asset-backed lending, debt investments and high return property investments in Western Europe that are capable of delivering strong risk adjusted cash flows.
The portfolio mix at 31 March 2022, excluding sundry assets/liabilities, was as follows:
| 31 March 2022 | |||
| High return debt | 27.3% | ||
| High return equity in property investments | 18.8% | ||
| Other investments | 13.1% | ||
| Cash | 40.8% |
The Company currently plans to invest the majority of its cash into secured senior or secured mezzanine debt and grow its diversified loan portfolio whilst retaining scope for further investments to deliver attractive risk adjusted returns including potential capital gains through its wider investment strategy.
Dividends
The current intention of the Directors is to pay a dividend and offer a scrip dividend alternative quarterly to all shareholders.
Listing
The Company’s shares are traded on the Specialist Fund Segment (‘SFS’) of the London Stock Exchange (‘LSE’), ticker ARTL: LSE.
Management
The Company’s Investment Manager is Alpha Real Capital LLP (‘ARC’), whose team of investment and asset management professionals focus on the potential to enhance earnings in addition to adding value to the underlying assets, and also focus on the risk profile of each investment within the capital structure to best deliver attractive risk adjusted returns.
The Company and the Investment Manager have extended the current management agreement for a further term of five years from the expiry of the current term on 21 December 2022. The Company believes this will provide the Company’s shareholders with greater certainty going forward on the continued access to the management resources, and broader group support, of the Investment Manager which will assist the Company to continue to achieve its investment objectives. The annual management fee and performance fee arrangements remain unchanged.
Control of the Company rests with the non-executive Guernsey based Board of Directors.
Company’s asset allocation by sector and investment at 31 March 2022
