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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
|
|
|---|---|---|---|---|
| -1.00 | -0.97% | 102.40 | 16:35:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 103.00 | 102.80 | 103.00 | 102.40 | 103.40 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 01/05/2025 | Interim | GBP | 0.02 | 08/05/2025 | 09/05/2025 | 30/05/2025 |
| 30/01/2025 | Interim | GBP | 0.02 | 06/02/2025 | 07/02/2025 | 07/03/2025 |
| 24/10/2024 | Interim | GBP | 0.02 | 31/10/2024 | 01/11/2024 | 29/11/2024 |
| 25/07/2024 | Interim | GBP | 0.02 | 01/08/2024 | 02/08/2024 | 23/08/2024 |
| 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 |
| Top Posts |
|---|
Posted at 01/5/2025 13:20 by killing_time The dividend is not covered at this moment in time because they sold Coventry Central 6. Once all that money is reinvested it will be covered again. Runcorn coming back on line at a higher cost of £137.5k was big news. This has sat empty for over a year+.And this was also good news Diamond Business Park, Wakefield (industrial) - Following a statutory demand being served on the last remaining office tenant of Diamond House, AFI-Uplift Ltd ("AFI"), due to service charge and insurance arrears of £210,967, AFI has paid all of its arrears and surrendered its lease, which was due to expire in November 2027. An early surrender will enable demolition of the entire block, facilitating an industrial open storage letting on the estate. There seems to be a belief here that the dividend is never covered, but prior to the sale of Coventry Central 6 it was covered for the last 3 quarters. |
Posted at 01/5/2025 13:07 by williamcooper104 Markets are pricing GBP rates at 3.5 in 12 months so AEWU might be able to refinance at 4 which given their low debt levels shouldn't be such a huge jumpIssue is more that they aren't covering the divi at the moment so they'll have to continue to run hard to keep the divi from becoming too uncovered. They'll likely borrow to distribute rather than cut the divi but that's likely to drive discounts to NAV out |
Posted at 01/5/2025 09:27 by nickrl All up SUPR are paying 6% at todays SONIA rate they are recycling exiting hedge to get 5% so twice AEWU current rate. Mind you with 2yrs to run and Origina Mans pebbles rippling out and undermining the global economy Im pretty sure AEWU will be down at 5% but still going to be a burden. Perhaps they will go for broke and leverage up a bit more. |
Posted at 01/5/2025 08:21 by skyship RE: Company continues to benefit from a low fixed cost of debt of 2.959% until May 2027.The SUPR refinancing announced today evidences the fact that AEWU has an upcoming problem. That great 8p/annum dividend may be under threat. ============== £90million of debt, refinanced with a hedge to cap at 5%, 12 months ahead of deadline ============== |
Posted at 01/5/2025 07:03 by skinny Highlights· NAV of £174.44 million or 110.11 pence per share at 31 March 2025 (31 December 2024: £174.30 million or 110.02 pence per share). · NAV total return of 1.90% for the quarter (31 December 2024 quarter: 2.73%). · 1.42% like-for-like valuation increase for the quarter (31 December 2024 quarter: 1.22% increase). · EPRA earnings per share ("EPRA EPS") for the quarter of 1.71 pence (31 December 2024 quarter: 2.35 pence). · Interim dividend of 2.00 pence per share for the three months ended 31 March 2025, paid for 38 consecutive quarters and in line with the targeted annual dividend of 8.00 pence per share, representing a dividend yield of 7.9% as at quarter-end. · Loan to GAV ratio at the quarter end was 25.01% (31 December 2024: 25.03%). Significant headroom on all loan covenants. · Company continues to benefit from a low fixed cost of debt of 2.959% until May 2027. · Acquisition of a high-street retail asset in Hitchin for £10.00 million, reflecting a NIY of 8.31%. · £627,530 of new rental income from lettings completed during the quarter. |
Posted at 15/3/2025 15:59 by skyship Better value elsewhere, that's why.AEWU at 102p are on a mere 6.5% NAV discount, though a credible 7.84% yield. Better value in AIRE (though wait for those to come back below 70p again), CLI, CREI, NRR & SUPR. As I state above; better to trade out of AEWU and wait for them to come back to 98p again. |
Posted at 30/1/2025 14:27 by kenmitch And better still SteMis, the annual dividend is 8p paid quarterly.I’ve held several of the Commercial Property Trusts since 2020, and AEWU bought at 62p and up 60% and about 130% if including dividends (13% dividend yield at that buy price) is by a long way the best performer. |
Posted at 05/9/2024 08:03 by cwa1 AEWU pops up in The Telegraph's Questor column this morning!(apologies for formatting)The prospect of further interest rate cuts by the Bank of England as inflation falls, lifting the pressure on businesses and consumers, has sparked a recovery in real estate investment trusts (Reits). This makes it a good time to review our tip of AEW UK Reit, which we first recommended in July 2020 when shares in the top-performing commercial property fund languished 22pc below asset value in the first coronavirus lockdown, and offered an attractive 11pc dividend yield. Our timing was good and the shares have gained 28pc since then as we correctly bet the company – now on an 11pc discount and still offering a high 9pc yield – would continue to pay shareholders 2p a share each quarter. AEW UK has delivered its 8p annual payout for nearly nine years. This is an impressive feat given the dividend cuts and suspensions some Reits were forced into, either during the pandemic when many tenants couldn’t pay rents, or when borrowing costs soared as the Bank hiked base rate from nearly zero in December 2021 to 5.25pc 20 months later. However, it’s not been a smooth ride for shareholders in the portfolio of 33 offices, shops, retail warehouses and industrial parks. The shares have tumbled 22pc since we last assessed them two years ago, shortly after they peaked at 128.6p in April 2022. Bounce-back after Covid Line chart with 1276 data points. AEW share price View as data table, Bounce-back after Covid The chart has 1 X axis displaying Time. Data ranges from 2019-08-15 00:00:00 to 2024-09-04 00:00:00. The chart has 1 Y axis displaying Pence. Data ranges from 54.2 to 132.4. 2020 2021 2022 2023 2024 40 60 80 100 120 140 Source: Bloomberg Bounce-back after Covid AEW share price Pence End of interactive chart. The decline to 93p today largely reflects the indiscriminate selling of listed property funds in 2022 and the mark-down of real estate as the yields on benchmark government bonds rose in response to rising interest rates. In AEW’s case there was also concern about whether the dividend could survive intact, as for a few years there wasn’t sufficient rental income to fully cover the payments. The uncovered dividend was mostly a byproduct of the trust’s buy-low, sell-high investment approach. Henry Butt, Assistant fund manager, says he and lead manager Laura Elkin are value investors who buy smaller commercial properties at low prices and high yields on comparatively short leases of four to six years. They then refurbish them and sell at higher prices when their rental values improve. Because it can be easier to sell properties unlet and because it can also take time to reinvest the proceeds of property sales, this strategy can lead to periods when quarterly earnings per share slip below 2p. Concerns about the dividend cover were heightened last year when a couple of tenants, including hardware retailer Wilko, fell into administration. This is why we didn’t include AEW UK in our roundup of generalist Reits in June when we picked Picton Property Income, up 10pc since we recommended it on a 30pc discount. Happily, an update in July saw AEW UK take a big step towards restoring dividend cover with underlying quarterly earnings rising from 1.75p to 1.92p per share. A 2.4pc increase in its properties following a meagre 0.4pc rise in the previous three months provided evidence that commercial real estate had bottomed out. AEW UK key facts Market value: £147m Year of listing: 2015 Discount: 11.7pc Ave discount over past year: 11.1pc Yield: 8.6pc Most recent year’s dividend: 8p Gearing: 35.8pc Annual charge: 1.6pc News of the £6.3m sale of an industrial estate in Worcestershire for 33pc more than its valuation in March also showed an improving market and highlighted the fund managers’ successful record in locking in good gains. Over five years, the trust’s net asset value has grown 61.9pc, well ahead of the 10.8pc average of its rivals. Despite the setback of the past two years, the shares have largely passed on this growth with a total return of 55.2pc. With further rental growth in prospect and £8.3m of cash on hand to buy or upgrade properties, this trust continues to be a good way to capture the recovery in commercial property. With two other Reits, Balanced Commercial Property and Tritax Eurobox, falling to bids this week, it’s possible predators will eye AEW UK Reit which we continue to rate a “hold”. Questor says: Hold Ticker: AEWU Share price at close: 93.2p |
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. |
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