AEW UK REIT plc is pleased to announce that Laura Elkin (Portfolio Manager) and Henry Butt (Assistant Portfolio Manager) will provide a live presentation relating to the three-month period ended 30 September
2023 via the Investor Meet Company platform on Tuesday 24(th) October 2023 at 10:00am .
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 09:00am the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet AEW UK REIT plc via :
Investors who already follow AEW UK REIT plc on the Investor Meet Company platform will automatically be invited. |
First out with a Q3 NAV update i believe which is largely unchanged. RW +3.7 to Off -3.3% although ive learnt that they all come up with different outcomes. Interesting comment on Wilko suggests anyone else who had them as a tenant will have some write offs as well as a vacant unit. Divi close to full cover at cash level. Asset mgt update very comprehensive although plenty of rent frees in there but some good uplifts so divi cover should be secured during H2/24. |
Interesting, thanks. 2017 too, and presumably has needed some CapEx to get tenants back.
A good performance since June NAV maybe the best that can be said. |
Should have looked a little deeper. Not so nice after all. |
Yes, interesting one. Bought in 2.11.17 for £6.4m on a 9.6% initial yield, so rent of £614k.
Sold for £3.9m on a 9.9% yield, so rent of £386k.
Not one of AEWU successes. At least they can't be accused of anchoring... |
On the downside the property was purchasd for £6.37m and sold for £3.9m |
Capital recycling a key strength of AEWU - the 'cash' premium will help fund the dividend. |
"22% premium to 30 June 2023 valuation". Nice. |
Indeed; just topped up with some of my EPIC money after reading about the Bath acquisition Looks like an unlevered 9-10 return |
Bath a supply constrained city & in top 5 UK liveable cities & 8% yield as well. A sensible acquisition by a manager, how outrageous!. |
Knowing Bath quite well, I believe that to be an extremely good acquisition.
Laura again shows her prowess... |
AEW UK REIT plc (LSE: AEWU) ("AEWU" or the "Company") is pleased to announce that it has completed the purchase of a freehold, mixed-use asset in Bath city centre for £11,500,000, reflecting an attractive net initial yield of 8.0% and a capital value of £223 per sq ft. Following this acquisition, the Company is close to full deployment, with remaining cash available to invest of circa £3m.
...presumably takes them closer to, or at, full cover of the dividend? |
Thanks Skinny. It's shocking service from HL, Peter Hargreaves is right to call them out as 'twerps'. |
Poor show with HL - the dividend has only just appeared. |
No and BBOX also due today...
On edit BBOX just received. |
Nothing on AJ Bell either, have noticed a general deterioration in platforms crediting
div payments, shouldn't have to be keep checking, HL no better either. |
Hmmmm - thanks - for the second time in a row - nothing with HL as yet. |
Yes this morning with ii |
Has anyone received their dividend today? |
@CDV it isn't but there is the risk of the vacant store costs being added as well. I finally got around to listening to the CAL update and they said that they've had unsolicited interest in their wilkos so may actually be beneficial although suspect depends on the location. |
~1.6% of rental IIRC is from Wilko at AEWU. I don't think that's significant. |
Good presentation feel like they are warming upto a capital raise |
Investor presentation is up on YouTube if you missed the live one...https://youtu.be/dZCbTtoSTQw |
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