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.
ART currently selectively 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 2023, excluding sundry assets/liabilities, was as follows:
|31 March 2023|
|High return debt||44.5%|
|High return equity in property investments||26.5%|
The Company is currently focussed on selectively increasing its loan portfolio and opportunistically extending its wider investment strategy to target high return property investments offering inflation protection via index linked income adjustments and investments that have potential for capital gains.
In a market of higher interest rates and volatility of valuations, alternative credit remains an attractive investment opportunity. As geared asset owners seek to refinance at current valuations in an environment of more conservative lending criteria, higher margins and base rates, requirements will emerge for opportunistic capital to provide mezzanine finance at attractive risk adjusted returns.
The current intention of the Directors is to pay a dividend and offer a scrip dividend alternative quarterly to all shareholders.
The Company’s shares are traded on the Specialist Fund Segment (‘SFS’) of the London Stock Exchange (‘LSE’), ticker ARTL: LSE.
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.
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 2023