In QuotedData’s morning briefing 27 February 2024:

• Alternative Income REIT (AIRE) reported a 3% fall in net asset value (NAV) to 81.62p per share in the six months to 31 December 2023, following a 3.5% drop in the value of its portfolio to £103.3m. Adjusted earnings per share for the period was down 11.6% to 2.96p, covering its dividend of 2.85p.

• Schroder REIT (SREI) posted a 3.0% NAV decline to 58.7p per share in the quarter to 31 December 2023 (30 September 2023: 60.5p), driven by a 1.6% fall in the value of its portfolio to £457.8m.