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AEWU Aew Uk Reit Plc

87.90
0.00 (0.00%)
Last Updated: 09:37:16
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Aew Uk Reit Plc AEWU London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 87.90 09:37:16
Open Price Low Price High Price Close Price Previous Close
87.90 87.90 87.90 87.90
more quote information »
Industry Sector
REAL ESTATE INVESTMENT TRUSTS

Aew Uk Reit AEWU Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
25/01/2024InterimGBP0.0201/02/202402/02/202401/03/2024
19/10/2023InterimGBP0.0226/10/202327/10/202301/12/2023
20/07/2023InterimGBP0.0227/07/202328/07/202331/08/2023
26/04/2023InterimGBP0.0204/05/202305/05/202307/06/2023
19/01/2023InterimGBP0.0226/01/202327/01/202320/02/2023
20/10/2022InterimGBP0.0227/10/202228/10/202228/11/2022
27/07/2022InterimGBP0.0204/08/202205/08/202231/08/2022
21/04/2022InterimGBP0.0228/04/202229/04/202231/05/2022
20/01/2022InterimGBP0.0227/01/202228/01/202228/02/2022
21/10/2021InterimGBP0.0228/10/202129/10/202119/11/2021
21/07/2021InterimGBP0.0229/07/202130/07/202131/08/2021
22/04/2021InterimGBP0.0229/04/202130/04/202128/05/2021
25/01/2021InterimGBP0.0204/02/202105/02/202126/02/2021
21/10/2020InterimGBP0.0229/10/202030/10/202030/11/2020
23/07/2020InterimGBP0.0230/07/202031/07/202028/08/2020
20/04/2020InterimGBP0.0230/04/202001/05/202029/05/2020
16/01/2020InterimGBP0.0223/01/202024/01/202028/02/2020
18/10/2019InterimGBP0.0231/10/201901/11/201929/11/2019
25/07/2019InterimGBP0.0208/08/201909/08/201930/08/2019
26/04/2019InterimGBP0.0209/05/201910/05/201931/05/2019

Top Dividend Posts

Top Posts
Posted at 01/3/2024 07:03 by spectoacc
@Tag57 - quite a few, but ramping them across multiple BBs isn't my way ;)

Top 5 holdings fwiw:
CGT
SGLN
ERNS
(Cash)
SEIT
CSH2

Which is clearly bearish, but some recent purchases:

LTI (discount)
BBGI (quality at a discount)
LABS (risky discount)

REIT holdings, back on topic:

CLI (added to below 90p this week)
SHED
CREI

The latter two in the hope neither gets lumbered with API, but realistically one will get it and fall further, the other bounce back strongly. Also hoping SGRO may come in for SHED.

Horses for courses - and inevitably have a few bad losers, eg DGI9, GCP. Other holdings I'm positive on: SSIT, GABI, CORD, MERC etc.

Everything has its price - including AEWU.
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 29/2/2024 16:57 by spectoacc
"EPRA earnings per share have been negatively impacted by 0.28 pence due to two tenants entering administration during the period.."

"Despite our recent asset management achievements, we remain cognisant of the economic backdrop and its cumulative effect on occupational markets."

"The Company has committed to pay its market-leading dividend of 2.00 pence per share this quarter..".

"Prospective lettings at three void units....are advancing well. The re-letting of these units are expected to have completed during the first half of this calendar year, further improving income streams and mitigating the incurrence of void costs, albeit with associated tenant incentives suppressing earnings potential over the short term."


That you'd come out with:
"So - wrong. Would be totally surprising if they cut. They won't."
surprises me not in the least.

They'll probably continue to hold the divi. But nobody should be surprised if they don't at some point. A sale or larger letting falling through, or another CVA(s), could do it.

AEWU clearly want to maintain their record, but they're not daft & they'll be hoping the mood music changes. Div unlikely to be covered next qtr either.
Posted at 29/2/2024 14:03 by spectoacc
Agreed, AEWU has delivered, but best to value it now with the dividend lowered, say 1.5p/qtr going forwards.

The cut may not happen - they only need one good sale in the pipeline - but nobody could be surprised if it gets cut.
Posted at 28/2/2024 14:54 by stemis
One man's 'churn' is another man's 'asset management to improve the quality of income streams and maximise value, exploiting pricing inefficiencies in smaller commercial properties, let on shorter occupational leases in strong commercial locations'.

I think if you expected this to be a passive landlord, sitting on a bunch of properties to generate a rental income and pay this out as a dividend, you were looking in the wrong place.

I've just looked back at my financial data, going back to 1 April 2018 (the period of my interest). During the 5.5 years since then the company has paid out 44p in dividends, costing £69.7m. Net rental income (after costs and interest) was £60.8m. However it also made a £20.8m gain on sale of properties. Net revaluation of properties over the period was a surplus of £2.2m. Overall a 'profit' of £83.9m.

Clearly there's no guarantees going forward but, so far, I'd say it's done pretty much what it says on the tin...
Posted at 28/2/2024 13:54 by chucko1
Nickrl, that is my sense. I have been an avoider of AEWU (for 18 months or so) after having been a cheerleader (arguing against the dividend doubters). The price reflects far less benefit of doubt than some others, at a time when doubt is reappearing to some extent.
Posted at 19/7/2023 19:08 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 13:17 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 14:11 by kenmitch
SKYSHIP.

I usually agree with you (except on buybacks where nearly everyone disagrees with me) but are you really telling me I should sell AEWU?

I bought at 63p and at that price I’ve been getting 13% a year just in dividends. There has always been a risk of a dividend cut but shrewd Management decisions mean that AEWU was the only Commercial Property Trust not to cut the dividend during the covid sector bear market.

Even a cut to 6p would still give a yield of over 9% at my buy price, AND with every chance when the sector recovery comes eventually of the dividend being increased along with share price gains as well.

I’m not claiming it’s the best one to buy now as the discount is (deservedly) much narrower than the others, and the likes of EBOX and SREI look better choices for new buyers. But if there’s anyone else reading these threads who also buys these Trusts on the big dips and then looks to hold them for years in preference to trading them, and who also bought AEWU or others at lower prices than now, the case for holding is strong.
Posted at 29/6/2023 10:14 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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