Alternative Income REIT PLC - UK commercial property investor with assets predominantly let on long leases - Says Glenstone Property PLC's proposed tender off for 20.1 million Alternative Income shares at 59.25 pence each "significantly undervalues the company". Says valuation is 29% discount to June 30 net asset value per share of 83.58p.
Current stock price: 56.80 pence
Year-to-date change: down 24%
By Eric Cunha; ericcunha@alliancenews.com
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Alternative Inc (AIRE)