Simon Thompson 

Alpha alert for hefty cash returns

Simon Thompson

Simon Thompson

Alpha Real Trust (ARTL:175p), an investor in high-yielding property and asset-backed debt and equity investments, has reported an 18 per cent rise in net asset value (NAV) per share to a record high of 204.3p in the 12 months to end-March 2019, buoyed by material gains on asset sales. In particular, the company sold off a 450,000 sq ft data centre in Frankfurt, Germany for €20m more than its €24.8m (£22.1m) carrying value and realised £15.4m, or £3.1m above book value, from a 664-unit residential rental sector development in Monk Bridge, Leeds.

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