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
  -0.25p -0.25% 101.25p 101.00p 102.00p 101.50p 101.125p 101.50p 51,313 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 11.1 6.1 5.0 20.1 125.19

Aew UK Reit Share Discussion Threads

Showing 101 to 125 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
11/9/2017
16:45
@jonwig - lowly geared, which is a plus, but agreed - none of these types have been tested in a downturn.
spectoacc
11/9/2017
16:43
Likely between 97p and 101p. How much risk though is taking an 8p dividend? Voids, lease breaks, tertiary properties ... as a non-holder I need to do more research on this one!
jonwig
11/9/2017
16:14
Not unexpected, and will probably get it away at a premium (to NAV, not s/p) - they do what they say on the tin & the income seems to be iresistable. Not a holder atm.
spectoacc
11/9/2017
15:45
Confirmation that the company intends to undertake a 12 month share issuance programme, starting with an initial fundraise with target of £40m expected to close mid-Oct 2017 (may be increased to £60m dependent on demand/opportunities at the time). They also announce Change of Accounting Reference Date from 30th April to 31st March each year. Interims will be for the 6 months ending 31st Oct 2017, but the annual results will be for the 11-month period ending 31st March 2018. There is also a confirmation of the dividend policy & how payment timing will be affected by the Change of Accounting Reference Date. They confirm that they intend to pay a total of 8p for the period up to 31st March 2018 based on current market conditions. Intention to issue new equity - HTTPS://www.investegate.co.uk/aew-uk-reit-plc--aewu-/rns/intention-to-issue-new-equity/201709110751473368Q/
speedsgh
25/8/2017
08:33
Continuing to do exactly what it says on the tin. Premium to NAV does worry me, tho they're hardly alone amongst big divi-payers trading at a premium.
spectoacc
25/8/2017
08:30
Note the reference to a probable fundraising in today's update... HTTPS://www.investegate.co.uk/aew-uk-reit-plc--aewu-/rns/nav-update-and-dividend-declaration/201708250700029504O/ "Going forward, it has always been the intention 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
25/8/2017
08:29
NAV Update and Dividend Declaration - HTTPS://www.investegate.co.uk/aew-uk-reit-plc--aewu-/rns/nav-update-and-dividend-declaration/201708250700029504O/ Alex Short, Portfolio Manager, AEW UK REIT, commented: "Despite some uncertainty caused by the General Election, the performance of the Company's assets has continued strongly over the past quarter with like-for-like valuation growth of 1.4% recorded. This compares favourably to MSCI data which shows that the market as a whole delivered growth of 1.1% over the quarter to 30 June 2017 on a "standing investment" basis (excluding transactions and developments). We are particularly pleased with the capital appreciation delivered by the Company's industrial assets which have seen the strongest growth of all of the sectors in which the Company is invested, at an average of 2.8% within the quarter. The portfolio has been particularly well placed to benefit from this movement with its high weighting towards the industrial sector where many of our recent acquisitions have been focused. Following the three industrial acquisitions in the quarter, the Company is now fully invested, including utilisation of the proceeds from the sale of the Core Fund units. The new acquisitions in Runcorn, Deeside and Peterborough are all in locations which exhibit low levels of supply alongside robust tenant demand and a low level of passing rent. Occupier markets have also shown resilience over the period as evidenced by the Company having completed its final letting at 40 Queen Square in Bristol. Further to this, we have seen significant progress in other key occupational transactions over the quarter for which further announcements are expected to be made in due course. These successes will help to secure and lengthen the Company's income stream and ensure its sustainability for future performance. This quarter sees the dividend return to being fully covered. The increase in earnings is partly attributable to non-recurring items of 0.14 pence per share in the quarter. In addition to the performance of the portfolio itself we are also pleased by the resilient performance of the Company's share price which has maintained a robust premium to NAV for over 6 months now. We are confident this will assist in growing the Company to provide enhanced liquidity to the Company's shareholders. As such, we highlight that we continue to see a strong pipeline of available stock at yields which would be accretive to the current portfolio. Over recent weeks we have seen an increased number of attractive opportunities in the retail and office sectors and we therefore expect that future acquisitions will represent a more balanced spread of property sectors, rather than being concentrated in the industrial sector as we have seen over past quarters. In line with our strategy we continue to focus on finding future acquisitions which will deliver an attractive return from a well-diversified regional portfolio." Dividend The Company today announces an interim dividend of 2.0 pence per share for the period from 1 May 2017 to 31 July 2017. The dividend payment will be made on 29 September 2017 to shareholders on the register as at 8 September 2017. The ex-dividend date will be 7 September 2017. The dividend of 2.0 pence per share will be designated 2.0 pence per share as an interim property income distribution ('PID'). The EPRA earnings per share for this period were 2.10 pence (30 April 2017: 1.84 pence). The increase in earnings per share is partly attributable to non-recurring items of 0.14 pence per share in the quarter, including business rates credits and back-dated turnover rent received. At the time of the Company's IPO, AEW UK Investment Management LLP (the "Investment Manager") provided guidance that they would assemble a portfolio supporting a target dividend between 8 to 9 pence per share. The initial portfolio has now been assembled and the Company has paid a 2 pence per share dividend for each quarter since January 2016. The Board of Directors are of the view that over the medium term this level of dividend is supportable from earnings on the current portfolio; accordingly, the Board has resolved to pay a 2 pence per share dividend for this quarter, as with previous periods. With this dividend, the Company will have paid 15.5 pence per share since launch.
speedsgh
17/8/2017
10:06
AEW UK REIT’s 40 Queen Square fully let with Kingston Barnes taking remaining space - HTTP://www.commercialnewsmedia.com/archives/64605
speedsgh
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
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