■ Robust rent collection for September quarter day.
■ Tender offer by rival Glenstone Property.
Alternative Income REIT (AIRE:59.5p) has reported robust rent collection rates, collecting all quarterly rents for the September quarter day (83 per cent of the total) along with all monthly rents due. The company has agreements in place to collect the remainder of the monthly rents by the year-end.
AIRE invests almost entirely in freehold or long leasehold property in the following non-traditional sectors: care homes, hotels and serviced apartments, student housing, nurseries, automotive (car showrooms and petrol stations), car parks, and small power stations. Tenants include budget hotel chains Travelodge and Premier Inn Hotels, and motoring groups Motorpoint and Volkswagen Group.