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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Aew Uk Long Lease Reit Plc | LSE:AEWL | London | Ordinary Share | GB00BDVK7088 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 72.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 72.00 | 73.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 72.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 04/5/2023 | 15:45 | UKREG | Alternative Income REIT PLC NAV, Dividend Declaration & Portfolio Valuation |
Aew Uk Long Lease Reit (AEWL) Share Charts1 Year Aew Uk Long Lease Reit Chart |
|
1 Month Aew Uk Long Lease Reit Chart |
Intraday Aew Uk Long Lease Reit Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/3/2020 | 10:47 | ::: AEW UK LONG LEASE REIT PLC ::: | 458 |
| 02/6/2017 | 10:06 | AEW Long Lease | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 02/3/2020 13:09 by skyship Simon Thompson tips AEWL in his IC Online article today. He concludes:Investors have been rightly cautious since then especially as the company only listed its shares on the premium segment of the London Stock Exchange in June 2017, so has a short track record. But with overheads cut, and the rent free period coming to an end, there is an opportunity to lock into a secure dividend yield of 7.8 per cent and benefit from the expertise of Mason Owen. The manager works with the likes of Lxi REIT (LXI), LondonMetric Property (LMP) and Assura (Agr), companies which are rated on hefty share price premiums to net asset value (NAV). That’s worth bearing in mind given that AEW’s share price trades 23 per cent below EPRA NAV of 94.63p even though the company has a modestly geared balance sheet (36 per cent loan-to-value ratio), 100 per cent occupancy rate and a weighted average unexpired lease term of 20 years to the next break. The board will also be changing the company’s name, details of which will be announced shortly. Having advised buying the shares just above the current price in my October 2019 Alpha Report, I feel that AEW’s share price discount to NAV should narrow markedly in the coming year to complement returns from four quarterly dividends of 1.375p a share. Buy. |
Posted at 26/2/2020 07:00 by spectoacc Agree with all comments above. Suspect the "..Raise more capital.." is nothing more than an aspiration, hence the move to significantly lower costs (&, as noted above, expertise). In theory, AEWL doesn't need purchase/sale expertise, it has its portfolio, it's paying out all (and currently more) of its income.Again tho - the market adores the management at AEWU, and hates it at AEWL. Same management. AEWL one of the few yet to revalue from the GE result, with a possible long overhang, but if you're in it for the yield and value, who cares. |
Posted at 14/2/2020 10:28 by skyship HP - that is why the share price is where it is! All in the price; and the price now provides clear value. |
Posted at 14/2/2020 08:59 by rcturner2 I bought into this recently, it is just an income share for me, I am not concerned about the share price/NAV position. |
Posted at 06/2/2020 09:40 by skyship DB - thnx for posting that. I certainly agree with this "the longer term goal of growing the size of the company as challenging given the current scale and share rating". More like impossible I would say; so a trade sale still the most likely outcome.Incidentally, I'd forgotten to update the share price on my spreadsheet, so the discount and yield previously posted were too low! I've now updated. Sp now moving ahead marginally. So at the current offer price of 73.5p the discount = 22.3% and the yield = 7.5%. Purchases subject to SD of course. |
Posted at 05/1/2020 14:09 by spectoacc I don't believe SHED is on a premium atm. Unlike anything with retail in it, SHED's NAV will have risen IMO. Last EPRA NAV was 145.2p.Also suspect HSTN bid has changed things even more than the Boris majority. For PE to bid 10% more than last NAV for HSTN suggests they think they'll make considerably more. Does that justify c.9% premium on WHR? I doubt it, and sold lower. But as with eg LMP premium, I think the internet is here to stay and I think NAVs for the last mile/industrials will only rise over time. SHED ought to be trading at c.160p IMO (I would, of course, say that :) ). @chucko1 - fair points re NAV, tho I still benchmark share prices against it. But more a case of working out where the NAVs are going (eg AEWU's small retail holdings will/have drag it lower, vs eg SHED) than dismissing it outright. Fwiw, if I was choosing quality management, SHED would be top for me. Not certain AEWU (& admittedly by extension, AEWL currently), nor WHR, would feature that highly for me. |
Posted at 03/1/2020 15:56 by spectoacc Agreed @chucko1. On everything else I'm watching, the seller (be it Invesco or other) appears to be on pause this week, as you might expect. So some renewed selling wouldn't surprise me.But as you say - who cares! By far the "cheapest" around, plenty of inflation protection (which methinks is going to become an issue with Trump's deficit spending), fat divi while-u-wait. Volume of buys suggests a pop-up eventually too. Is about the only one yet to have a Boris bounce (perhaps RLE too, for special seller reasons). Was thinking what a fair price is on AEWL - 90p+ I'd say. Still a discount, divi will be covered once Meridian rent-free out the way, rents contractually rising each year. Next point of interest will be who the new manager will be. Interesting to see Alex Short hated at AEWL, adored at AEWU. Happy new year to you too. |
Posted at 26/10/2019 13:20 by spectoacc @JH27 - can you back up your comments? I've not seen many cliff-edge breaks?I do think some of the assets are slightly iffy - the two care homes in particular. Also the Audi garage, and Motorpoint, though noteworthy that MOTR are, ahem, motoring, and Audi have spent a lot on their site. AEWU has performed much better, not far off NAV, divi fully covered - seems unfair to tar them with the same brush. AEWL has had a seller for a while - still going IMO - just as AEWU has had on a couple of occasions, which have been great entry points. There's a fair bit of index-linkage with AEWL, which justifies a lower yield and smaller discount than it's currently on IMO. It's being rated as if the "L" wasn't there. (Meridian was a shocker, and Alex Short rightly going to get the boot from managering AEWL, but "demise" is too strong a word - got bought out, and the rent will resume at the same level after the rent-free period. Not the disaster it at first seemed). Edit - LXI, good co, absolutely no interest in it at a premium tho. One thing we do agree on - AEWL are unlikely to be able to raise more money anytime soon. |
Posted at 21/10/2019 20:41 by edinandy It still looks good value at this share price. With a fully covered divi by by June 2021 (?) this could be ok. I don't see where the growth comes from as share price unlikely to grow over 25% for a while |
Posted at 21/10/2019 17:55 by vinceelliott Good to see this moving in the right direction.Will be interesting to watch the steps taken by management to get the share price in line with the NAV. big discrepancy. The management also perceives that a GAV in the range of £250M is optimum. Only another £130M ish to generate. Hands are tied in respect of taking on, or extending, loans. Share issue will be to the detriment of current shareholders. Not sure if AEWL is allowed to issue a bond, and what the impact that would have on loan conditions. Churning the portfolio of assets will not generate sufficient funds. Winding the company up seems to have been ruled out? Surely if AEWL is to continue the loan has to be renegotiated asap and extended for at least 10 years. Loan falls due in 2025 and there is currently no obvious way of repaying this without a fire sale. |
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