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
  +0.10p +0.10% 98.50p 98.20p 98.80p 98.50p 98.40p 98.40p 119,111 11:51:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 11.1 6.1 5.0 19.5 149.28

Aew UK Reit Share Discussion Threads

Showing 126 to 148 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
03/5/2018
19:49
I'm guessing they must be done now. I guess from here it's all about how well they can add value.
stemis
27/4/2018
10:40
Quite a positive feel to the announcement this morning. Nice as I bought in for the first time yesterday. An interestingly different investment policy for a REIT -particularly their policy of buying sites that could eventually be turned into housing.
a0002577
27/4/2018
07:24
Thanks eeza, wllm
wllmherk
27/4/2018
07:17
From today's RNS " NAV of £146.03 million or 96.36 pence per share (31 December 2017: £147.34 million or 97.21 pence per share). This decrease is largely due to purchase costs totalling £2.35 million relating to the acquisition of five properties during the quarter. Excluding purchase costs, the NAV would have increased by £1.04 million to £148.38 million or 97.91 pence per share. · EPRA earnings per share ("EPRA EPS") for the quarter of 1.76 pence per share (two months to 31 December 2017: 1.09 pence per share). · The Company today announces an interim dividend of 2.00 pence per share for the three months ended 31 March 2018. The dividend payment will be made on 31 May 2018 to shareholders on the register as at 11 May 2018. The ex-dividend date will be 10 May 2018.
eeza
11/4/2018
07:42
RNS "AEW UK REIT plc sells Nottingham office block for £3.65m AEW UK REIT plc ("the Company"), which directly owns a diversified portfolio of regional UK commercial property assets, is pleased to announce the sale of the office accommodation at Pearl Assurance House, Nottingham for £3.65m. The sale comprises the first to the ninth floors, a ground floor reception and car parking spaces, providing a total area of 41,262 sq ft, and reflecting a net initial yield (NIY) of 6.9%. Pearl Assurance House was purchased by the Company in May 2016 for £8.15m. The Company will retain the ground floor accommodation in this busy city centre location, totalling 28,432 sq ft, let to national retail operators including Costa Coffee, Poundland and Lakeland. The retained element will provide the Company with an ongoing yield of 9.5% based on its component value of £5.26m. Alex Short, Portfolio Manager, AEW UK REIT, commented: "Having completed numerous asset management initiatives within this property, including the completion of lease renewals across three floors and gaining consent for residential development across the upper floors, we believe that this is the right time to sell the office component of the asset having maximised its value in the short term. We are pleased to retain the ground floor, which provides an attractive yield for the Company in a major city centre location."
eeza
26/3/2018
10:17
AEW UK REIT acquires properties in Dagenham and Wrexham for £22.5m - HTTPS://www.investegate.co.uk/aew-uk-reit-plc--aewu-/rns/aew-uk-reit-acquires-properties-totalling--22-5m/201803260914098911I/ AEW UK REIT is pleased to announce that it has acquired the eastern section of London East Leisure Park, Cook Road, Dagenham and an industrial unit let to Plastipak UK Limited on Gresford Industrial Estate, Wrexham for a combined price of £22.5m. London East Leisure Park is a purpose built leisure destination totalling 149,132 sq ft. The portion bought by AEW UK REIT comprises 72,245 sq ft and was acquired for £11.5m. The property currently houses Mecca Bingo, McDonalds and Hollywood Bowl and provides a net initial yield of 8% with a WAULT of 12.8 years. A major attraction of the park is its location, 11 miles east of Central London and being highly accessible both via public transport but also with close links to the A13 and M25. Dagenham is an area due to go through major regeneration over the next 10 years with the Council recently setting out plans for the development of thousands of new homes as well as the first film studio to be built in London for 25 years. The surrounding area comprises a mix of retail, industrial and residential property. The Wrexham property, a 279,541 sq ft industrial unit leased to Plastikpak UK Limited, comprises 3 units within a self-contained and secure site and was acquired for £10.0m. The asset benefits from its location in Gresford Industrial Estate, approximately 2 miles north of Wrexham town centre, with key motorway links across the north west via the A483. A key feature of the building is its large power supply at 18 megawatts which is rarely seen in buildings of this nature and could therefore be attractive to future tenants. The asset provides a net initial yield of 8.3% and a WAULT of 14 years, with a fixed rental uplift due in 2022. In order to complete the aforementioned acquisitions the Company has drawn £10 million from its existing loan facility with RBS International Limited which matures in October 2020. The facility amount has now been increased to enable the Company to utilise the facility up to £60 million. The Company will continue to target an amount equivalent to 25% of the Gross Asset Value as measured at drawdown, which can be increased to a maximum of 35% of Net Asset Value ahead of an equity fundraising or asset disposal. Alex Short, Portfolio Manager, AEW UK REIT, commented: "We are very pleased to announce the above acquisitions which now bring the Company's debt level back in line with its long term loan to value target of 25%. The Company has now completed four acquisitions so far this year totalling c £39m providing a combined net initial yield of 8.6% which is supportive of our target annual dividend of 8p per share. We are encouraged by the strength of our current pipeline and are confident that the buying opportunities that the Company has been taking advantage of since IPO persist."
speedsgh
22/3/2018
15:12
RNS - Schroders been reducing.
eeza
02/3/2018
11:20
Capital (regeneration) upside also appears to be a theme of their recent purchases. (Only looked at the most recent and not the whole portfolio yet). Accumulated some more today.
sogoesit
09/2/2018
17:36
Looks like a decent purchase. that 11% yield is eye-watering.
lord gnome
09/2/2018
14:51
AEW UK REIT acquires Wakefield business park for £4.2m - HTTPS://www.investegate.co.uk/aew-uk-reit-plc--aewu-/rns/aew-uk-reit-acquires-wakefield-business-park/201802091241284767E/ The following is a pdf brochure from June 2012 which gives an idea of the site acquired... HTTPS://www.cartertowler.co.uk/pdf/property/Diamond_Business_Park_Brochure_Estate_June2012_1788_w6g092x8.pdf
speedsgh
13/1/2018
06:51
MIFID II - "a solution in search of a problem." Some brokers are using it as an excuse to change their policies to suit themselves at the expense of customers. One of mine has stopped me administering my wife's account without a poA.
jonwig
24/10/2017
11:38
Director/PDMR Shareholding - HTTPS://www.investegate.co.uk/aew-uk-reit-plc--aewu-/rns/director-pdmr-shareholding/201710241038504600U/ NED Bim Sandhu appears to have picked up an additional 75,000 shares at 100.5p in the placing to add to his existing 575,000 shares. New holding 650,000 shares. Due to the dilutive effects of the placing, his %age holding has fallen slightly from 0.47% to 0.43%. According to the prospectus for the placing, Bim Sandhu has the largest shareholding of all the directors.
speedsgh
20/10/2017
13:54
Agreed, plenty of room to wriggle both ways. They did, however, demonstrate their strategy by realising a significant profit on disposal of Valley Retail Park in September, although this sale came in at the lower end of AEWU's market value range of £10m-£15m (AR to 30.4.17). One swallow doth not a summer make, so more needs to be done to add asset value and ergo NAV.
exmooroil
20/10/2017
13:20
exmoor - Yes. They also state that "The Directors will declare dividends taking into account the level of the Company's net income and the Directors' view on the outlook for sustainable recurring earnings. As such the level of dividends paid may increase or decrease from the current annual dividend, which is 8 pence per Share over the 12 months ending 30 April 2017." Plenty of wriggle room there and not upward-only wriggle room either.
speedsgh
20/10/2017
08:23
speeds - they seem to look for properties which others bypass, and gearing is pretty low. The main threat to the dividend would be voids, and recession would be a catalyst for that. I don't hold, as I've got my full allocation of property companies and there aren't any I'd want to sell. But I can see the value of holding some of these.
jonwig
20/10/2017
08:20
From the "intention to raise..." RNS re dividend policy: "Based on the current market conditions, the Company expects to pay an annualised dividend of 8 pence per Share in respect of the financial period ending 31 March 2018 and for the interim financial period to 30 September 2018" That gives dividend visibility at the current rate, unless market conditions change, from and including 31.10.17 to 30.9.18, of 9.5p. Disappointing response to the initial issue.
exmooroil
20/10/2017
07:57
Agreed. Whilst the dividend is very attractive, one should be concerned imo if that is the company's main USP. That USP would disappear overnight if they were unable to maintain the dividend in the face of a downturn in the sector. Discl. - have a modest holding purchased in 2015.
speedsgh
20/10/2017
07:30
I agree - think people are fed up with all these new REITs coming to market - most don't raise their target size. AEWU does have a usp, though, in its dividend yield.
jonwig
20/10/2017
07:21
AEWU have raised £28.1m gross thro their Initial Issue. They were targeting £40m. Evidence that appetite for the plethora of secondary/IPO fundraisings in the sector is waning?... Results of Initial Issue - https://www.investegate.co.uk/aew-uk-reit-plc/rns/results-of-initial-issue/201710200700021375U/ The Board of AEW UK REIT plc (the "Company") is pleased to announce that the Company has raised gross proceeds of approximately £28.1 million pursuant to the Initial Placing, Initial Offer for Subscription and Intermediaries Offer (the "Initial Issue") of the Share Issuance Programme, as described in the prospectus published by the Company on 28 September 2017 (the "Prospectus"). The net proceeds of the Initial Issue are expected to be approximately £27.5 million.
speedsgh
18/10/2017
18:19
chopshs - basic eps are statutory eps which includes rental income (cash) and valuation uplifts (non-cash). Forget the non-cash, if net rental income covers the dividend, it's OK, covered. In fact a REIT must pay out at least 90% of this. Don't forget that a new acquisition can involve a sweetner on rent: initial rent might be discounted for a couple of years before rack rent kicks in.
jonwig
18/10/2017
16:52
Thanks speedsgh. The last finals state basic eps as 5.04p which I'm using to conclude that the divi is uncovered. I assume some costs are excluded from the alternative measure of eps that the company are using to claim the divi is covered. I haven't spent a huge amount of time researching this company but have concluded the divi can only be maintained at 8% if other sources of finance, in addition to rent, are utilised to pay it (new share issues(!), property sales, etc).
chopshs
18/10/2017
12:25
chops - from Final Results released on 10/7/17... HTTPS://www.investegate.co.uk/aew-uk-reit-plc--aewu-/rns/annual-financial-report/201707100700075151K/ "Net revenue over the year was 7.49 pps which, based on dividends paid of 8 pps, reflected a dividend cover of 93.63%." However, from the latest dividend announcement on 25/8/17... HTTPS://www.investegate.co.uk/aew-uk-reit-plc--aewu-/rns/nav-update-and-dividend-declaration/201708250700029504O/ "This quarter sees the dividend return to being fully covered." EPRA earnings per share for the period of 2.10 pence per share (30 April 2017: 1.84 pence per share). Interim dividend of 2.0 pence per share announced for the quarter ended 31 July 2017. Hope this helps.
speedsgh
18/10/2017
11:17
iii article says divi is covered but I don't think that's correct? Looking at last accounts eps was 5p. With divi at 8p it would seem that 3p is coming from capital. I was thinking of buying some shares here but uncovered divi and high management costs are putting me off.Any comments?
chopshs
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