Alternative Income REIT to pay dividend despite drop in NAV and earnings

Travelodge

Alternative Income REIT has told investors it intends to continue paying a dividend despite a sharp fall in earnings and net asset value (NAV) during the three months to the end of March as the impact of the Covid-19 pandemic hit the firm.

Earnings per share for the quarter dropped 16.7% to 1.268p per share, while NAV fell to £70.86m from £76.17m just three months earlier. The value of the group’s portfolio also fell, from £122.99m at the end of December to £108.78m at the end of March.

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