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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Aew Uk Reit Plc | AEWU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.40 | 1.55% | 91.60 | 16:35:01 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 91.50 | 90.60 | 92.00 | 91.60 | 90.20 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 14/05/2024 | Interim | GBP | 0.02 | 23/05/2024 | 24/05/2024 | 14/06/2024 |
| 25/01/2024 | Interim | GBP | 0.02 | 01/02/2024 | 02/02/2024 | 01/03/2024 |
| 19/10/2023 | Interim | GBP | 0.02 | 26/10/2023 | 27/10/2023 | 01/12/2023 |
| 20/07/2023 | Interim | GBP | 0.02 | 27/07/2023 | 28/07/2023 | 31/08/2023 |
| 26/04/2023 | Interim | GBP | 0.02 | 04/05/2023 | 05/05/2023 | 07/06/2023 |
| 19/01/2023 | Interim | GBP | 0.02 | 26/01/2023 | 27/01/2023 | 20/02/2023 |
| 20/10/2022 | Interim | GBP | 0.02 | 27/10/2022 | 28/10/2022 | 28/11/2022 |
| 27/07/2022 | Interim | GBP | 0.02 | 04/08/2022 | 05/08/2022 | 31/08/2022 |
| 21/04/2022 | Interim | GBP | 0.02 | 28/04/2022 | 29/04/2022 | 31/05/2022 |
| 20/01/2022 | Interim | GBP | 0.02 | 27/01/2022 | 28/01/2022 | 28/02/2022 |
| 21/10/2021 | Interim | GBP | 0.02 | 28/10/2021 | 29/10/2021 | 19/11/2021 |
| 21/07/2021 | Interim | GBP | 0.02 | 29/07/2021 | 30/07/2021 | 31/08/2021 |
| 22/04/2021 | Interim | GBP | 0.02 | 29/04/2021 | 30/04/2021 | 28/05/2021 |
| 25/01/2021 | Interim | GBP | 0.02 | 04/02/2021 | 05/02/2021 | 26/02/2021 |
| 21/10/2020 | Interim | GBP | 0.02 | 29/10/2020 | 30/10/2020 | 30/11/2020 |
| 23/07/2020 | Interim | GBP | 0.02 | 30/07/2020 | 31/07/2020 | 28/08/2020 |
| 20/04/2020 | Interim | GBP | 0.02 | 30/04/2020 | 01/05/2020 | 29/05/2020 |
| 16/01/2020 | Interim | GBP | 0.02 | 23/01/2020 | 24/01/2020 | 28/02/2020 |
| 18/10/2019 | Interim | GBP | 0.02 | 31/10/2019 | 01/11/2019 | 29/11/2019 |
| 25/07/2019 | Interim | GBP | 0.02 | 08/08/2019 | 09/08/2019 | 30/08/2019 |
| Top Posts |
|---|
Posted at 25/7/2024 09:05 by nickrl Unusual to get a NAV increase these days and there is a bit flattery from reversals but also good up lift on retail pks (EPIC board take note). Henry seems to have a plan for all the cash on the books now but on asset management initiatives. Despite Lauras absence the halo over AEWU is still burning bright. |
Posted at 25/7/2024 08:59 by glaws2 Dividend now covered by earnings |
Posted at 25/7/2024 07:01 by skinny Highlights· NAV of £167.79 million or 105.91 pence per share as at 30 June 2024 (31 March 2024: £162.75 million or 102.73 pence per share). · NAV total return of 5.04% for the quarter (31 March 2024 quarter: 1.16%). · 2.41% like-for-like valuation increase for the quarter (31 March 2024 quarter: 0.41% increase). · EPRA earnings per share ("EPRA EPS") for the quarter of 2.26 pence (31 March 2024 quarter: 1.88 pence). · Interim dividend of 2.00 pence per share for the three months ended 30 June 2024, paid for 35 consecutive quarters and in line with the targeted annual dividend of 8.00 pence per share. · Loan to GAV ratio at the quarter end was 25.66% (31 March 2024: 26.21%). Significant headroom remains on all loan covenants. · Company continues to benefit from a low fixed cost of debt of 2.959% until May 2027. · Disposal of Oak Park, Droitwich, for £6.30 million, reflecting a 33% premium to the 31 March 2024 valuation. · New letting and RPI rent review increasing annual contracted rent by £220,462. |
Posted at 04/7/2024 09:24 by kibes Financial statements look generally OK to me but it depends rather on forward performance. The dividend is not currently covered by earnings and there are cagey comments about 'reviewing it depending on circumstances'. Some of their more recent purchases are a bit off the wall, a nightclub in Cardiff for example? (Which has gone into administration). Nightclubs have a track record of sometimes doing well but more often going bust. I would quite like to top up here but will wait for their next NAV statement. Their company structure which has no Executive Directors or staff and relies on AEW (a separate listed company) to manage their portfolio is also a bit strange although it seems to have worked so far. What does AEW get out of it? |
Posted at 02/7/2024 09:29 by nickrl @skinny thats the abstracts not the full financials that most usually include in the RNS release but AEWU aren't the only ones recently who have gone down this path. They refer to specific page numbers of the report in the RNS but then don't upload it. Presumably they aren't required to include full financials if they don't want to? |
Posted at 28/5/2024 07:59 by raj k Does anyone know if the AEWU dividend is likely to ever increase. I understand the dividend has never really been covered solely by rental income and through their shrewd buying and selling of properties they have managed to keep the 8p per year payout going. If we strip out the extra dividend contribution from doing this and just look at the rental income, has it been increasing over the years and there will come a point when it will go beyond the 8p per year.Or is this a trust you simply buy for the starting yield and the capital kicker if the interest rate environment becomes more favourable. |
Posted at 29/2/2024 17:01 by stemis Yes, the dividend has become almost a matter of honour for AEWU so I also would be surprised if they cut it.Just to add to my previous post. Since 31 March 2018, despite paying out 44p in dividends, the net asset value per share has increased from 96.36p to the current 103.53p, so dividend cover hasn't been a problem so far... |
Posted at 19/7/2023 20:08 by kenmitch I also disagree. I’ve held from 63p in 2020 slump when the AEWU dividend yield was 13%. No way would I want the dividend cut. AEWU is also the best performer of the REITS I bought in 2020 so there’s nowt wrong with overall performance either. |
Posted at 04/7/2023 14:17 by kenmitch SOCAL. That IS how I see it now too. I.e other REITS are better choices for new buyers now. My key point is that AEWU is NOT a sell for any of us clever or lucky enough to have bought in a previous big dip (in my case 2020 covid dip)for reasons so well put by Tag57.And SKYSHIP, as Tag57 and Spangle93 have just pointed out, my AEWU dividend yield IS 13% at my buy price, and it’s that yield that counts for me and not the yield now at a significantly higher share price! My current AEWU profit with dividends included is 100%. That’s good during a sector downturn. And building on this point; I also bought Mining Trusts BRWM, CYN and BERI during a Mining sector dip in 2020 too. All 3 have fallen back but CYN is still more than 3 times higher than my buy price, and that’s EXCLUDING dividends on top, and the other two are still up over 150%. And the yield on big dividend paying BRWM is currently about 15% on my buy price and was more before a modest cut. And the yield on the other two though more modest is also high at 10% for CYN and 9% for BERI at my buy prices. So very useful income every year and far better than cash. i.e note my comment about John Lee’s dividends. Mine are pathetic in comparison, but at last I’ve woken up to a method that works a treat! But my key point remains simply that AEWU is not necessarily a SELL. And for me and others using similar methods, AEWU is a strong hold. For new buyers, for now there are better choices. |
Posted at 29/6/2023 11:14 by aeonflux New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows.Payout ratio: 132%Cash payout ratio: 129%Dividend yield: 8.4%This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price.This is currently the only risk that has been identified for the company. |
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