Share Name Share Symbol Market Type Share ISIN Share Description
Aew UK Reit LSE:AEWU London Ordinary Share GB00BWD24154 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 102.50p 102.00p 103.00p 102.75p 102.50p 102.50p 62,834 14:00:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 11.1 6.1 5.0 20.3 126.74

Aew UK Reit Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
11/7/2017
06:24
Eezy - yes, isn't the shortfall from last year down to some void periods or cash drag? As I said, I've not given my comments much thought ... just spouting snippets!
jonwig
10/7/2017
21:01
This is important "Under European Public Real Estate Association ('EPRA') methodology, EPS for the year was 7.57 pence" ie the 8p divi not quite covered last year, but that was presumably in the plan. Read section 3 of the following for the rationale. www.epra.com/media/EPRA_Best_Practices_Recommendations_BPR_-_Dec2014_1436191395537.pdf More and more REITS are quoting this, which is great for lazy people but terrible for me as Mr Market was often too lazy to work it out. It's key to success with comprop IMO. Much more so than NAV etc.
eezymunny
10/7/2017
19:48
tidcombe - I'm not a shareholder here, but essentially as a REIT it has to pay out 90% of its net rental income, irrespective of changes in property values. It seems to be doing this. ("Profit" is irrelevant to the calculation.) Property values only become relevant if they fall enough to affect loan covenants. If you look at the Investment Managers' Report you'll see this in the first table. Haven't time to go further, sorry.
jonwig
10/7/2017
19:05
I looked at the Annual Report from today. The figures for end April 2017 are share price 99.56p, NAV 95.98p, dividend 8p/yr, PBT 5.04p/share. The NAV has dropped from 99.03p to 95.98p, they are paying out 8p per year, and the profit before tax is 5.04p. How can the situation be sustainable in the long term if you pay out more than you earn, and you don't have a capital gain to make up the difference, in fact there was a fall in NAV?
tidcombe
31/5/2017
09:43
Thanks @boadicia, plenty of discussion of it above, with a little more on the new thread: https://uk.advfn.com/cmn/fbb/thread.php3?id=41207353
spectoacc
30/5/2017
18:34
Re: Fund-raising The management group is currently in the midst of a large placing for AEWL (see below) which I would expect them to want to get away successfully before embarking on further fund raising for AEWU. The IPO closes tomorrow at 2pm (or 12.30pm, depending where one reads.) AEW UK Long Lease REIT plc - IPO Prospectus HTTPS://www.barclaysstockbrokers.co.uk/SiteCollectionDocuments/aew-uk-ll-reit-ipo-prospectus.pdf The objectives of the new fund are longer term and suggest a lower running yield than AEWU.
boadicea
30/5/2017
08:02
Missed that about possibly raising funds - though selling out now misses ongoing 2p qtly divis until they get round to the fundraising. Going to sell a few and hope to buy back lower.
spectoacc
30/5/2017
07:51
Shares trading at 104p and at an 8% premium to NAV. With a large placing @ c100p likely to be in the offing, looks to be an early sell this morning...
skyship
30/5/2017
07:31
I note that there is a fundraising on the cards... NAV Update and Dividend Declaration - HTTP://www.investegate.co.uk/aew-uk-reit-plc--aewu-/rns/nav-update-and-dividend-declaration/201705300700104427G/ "Going forward, we have always stated our desire to grow the Company, which is currently trading strongly in the market. Accordingly, subject to market conditions, the Company will look to raise additional capital during 2017. At the time of any significant fund raise, the Board will review the level of capital targeted to be raised and the assets likely to be acquired, together with the existing assets, activity and market prospects at the time and may issue further dividend guidance at such time, if appropriate. The Company will continue to focus its investment in relative value opportunities offered by pricing inefficiencies in smaller commercial properties let on shorter occupational leases."
speedsgh
30/5/2017
07:18
AEWU update reads well this morning.
spectoacc
28/5/2017
15:50
Thanks Spoole, Specto and Jonwig. There is a plug for it in the Mail On Sunday too which usually generates some interest so I will have a punt. I really appreciate the feedback. The yield is tempting in this low rate environment
mach100
25/5/2017
13:53
Here's my thread for AEWL (the long-lease one): http://uk.advfn.com/cmn/fbb/thread.php3?id=41207353 I've applied for quite a lot, mainly for the (promised) safety, but also because it's quite similar to LXI, which will pay 5% on cost, indexed, whilst AEWL has 5.5% once fully invested. LXI is trading at 104 - I'd expect AEWL to get a decent premium, too.
jonwig
25/5/2017
13:42
Thanks @spoole5, the small bonus with HL has persuaded me too. AEWU going well, so feel like AEW worth a few quid.
spectoacc
23/5/2017
23:21
Applied for some for the isa with hl. Giving bonus shares worth an extra 0.75%. Have no reits at the moment and the sectors they are investing in look interesting and potentially more resilient to a downturn.
spoole5
23/5/2017
23:04
Skyship and others, any thoughts on the AEW long lease IPO? I see some contributions above and feel they are fair. This one has performed pretty well in terms of returns but I wonder can they repeat the trick. The divi is useful even if not as good as this share. It might be so attractive either with rising inflation. One to ponder for me.
mach100
14/5/2017
12:15
An update on the comparative performances of the high yielding regional players. I’ve added in two other players – The Birmingham specialist Real Estate Investors (61p; 4.3% Yield; 7.9% NAV discount; £113m MCap) & the other small regional propco Palace Capital (360p; 5.0% Yield; 16.3% NAV discount; £89m MCap). This last is my short-term tip for a possible/likely 10% rise before or upon the Finals on 6th June – I’ve taken a position @ an average of c355p. Feb’17 Investor Presentation: http://palacecapitalplc.com/assets/files/Investor%20Presentation%20-%20February%202017.pdf May’17 Broker Research Note: http://allenbycapital.com/research/research-palace_21_2413309763.pdf free stock charts from uk.advfn.com
skyship
12/5/2017
10:54
Good. Caused them some problems at the time of Brexit, when the valuation of the fund moved from offer to bid. Not sure why they were in it in the first place.
spectoacc
12/5/2017
10:34
AEW UK REIT sells AEW UK Core Property Fund holding - HTTP://www.investegate.co.uk/aew-uk-reit-plc--aewu-/rns/aew-uk-reit-sells-aew-uk-core-fund-holding/201705120931509877E/ AEW UK REIT plc (LSE: AEWU) (the "Company"), which owns a diversified portfolio of 31 regional UK commercial property assets, announces the sale of its remaining units in the AEW UK Core Property Fund (the "Core Fund") for total proceeds of £7.62 million. The Company has held an ownership in the Core Fund since IPO in May 2015, originally investing £9.75 million for the purpose of expediting its investment period. Having disposed of c 21% of the Company's holding in February 2017, the remaining units have now been sold at a price in excess of the Core Fund's latest published NAV, with the resulting equity to be invested directly into UK real estate assets in line with the Company's strategy. Commenting on the transaction, Alex Short, the Company's Portfolio Manager at AEW UK Investment Management LLP, said, "As previously stated, it has always been our intention to exit from the Core Fund at the right time and the sale now allows us to focus on investment in direct assets which fulfil the Company's investment strategy. We have a healthy pipeline of potential acquisitions and expect to make further announcements very shortly as we invest the proceeds from the Core Fund sale."
speedsgh
11/5/2017
20:27
Would like to see the costs - the yield feels like it could/should be higher - the gearing, and also: "..leisure, healthcare, education, hotels, student accommodation, supported living and automotive.." aren't particularly under-represented IMO - student accommodation is overdone if anything. But otherwise agree - worth a look, subject to the fact I've personally a little too much property exposure already.
spectoacc
11/5/2017
18:20
@Spec - yes, AEW UK Long Lease looks like possible candidate for ballast in a portfolio. Intention to Float - HTTP://www.investegate.co.uk/aew-uk-long-lease/rns/intention-to-float/201705110700167939E/ AEW UK Long Lease REIT will invest in a diverse range of sectors that are underrepresented in institutional portfolios including leisure, healthcare, education, hotels, student accommodation, supported living and automotive. These sectors are more closely aligned with long term trends, such as demographics, technology and social trends, and expected GDP growth. Focus will be to construct a portfolio with a weighted average unexpired lease term in excess of 18 years and inflation linkage on at least 85% of the portfolio's gross passing rent, each at the time of investment. Diversified across geographies, properties and tenants. Key focus on capital preservation through detailed analysis and understanding of the real estate fundamentals, ensuring there is the potential for higher alternative use value and capital recovery. Targeting an annual dividend of 5.5 pence per Share paid quarterly, once fully invested and levered, with an ambition to grow in future years in line with inflation.1 Strong current pipeline of investment opportunities means the Company expects to substantially invest the net proceeds of the IPO within nine months of listing. The Investment Manager has an experienced team with a proven track record in both long lease funds and REITs with an established pipeline of origination for long lease assets. They form part of AEW Global, one of the world's largest real estate managers, with more than €60 billion of assets under management.
speedsgh
11/5/2017
16:19
@red - tbh it's not rates going up that bothers me re gearing, it's NAV going down (covenants being tested). RGL just seems a bit punchy to me, should we have, say, a Brexit-induced recession around the corner. AEWU floating a "long term leases" IT too I see.
spectoacc
11/5/2017
15:00
Lord Gnome - RGL LTV is twice the size though which is a little worrying when rates go up.
red army
17/4/2017
10:47
Agreed, totally unlikely, especially with such high global liquidity.
skyship
16/4/2017
20:12
Rubbish, but at the right yield ;) One thing I do like with AEWU is the low gearing - although with the exception of perhaps RGL, most seem modestly geared. If anything could trip up the property ITs it'd be a return to a high rates world. Doesn't seem likely atm.
spectoacc
Chat Pages: 4  3  2  1
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