Bt in @ 92.7p; that's 93.2p inc SD. Disc. @ 10%; Yld @ 8.6%. |
Does anyone have any thoughts on how the recent decrease in NAV might affect the share price going forward? |
The 2023 see-saw price action suggests BUY low 90s; SELL @ 100p |
Or:
Prospective lettings at three void units: the former Wilko at Union Street, Bristol; the former Mecca Bingo at The Railway Centre, Dewsbury; and the former Sports Direct at Barnstaple Retail Park are advancing well. The re-letting of these units are expected to have completed during the first half of this calendar year, further improving income streams and mitigating the incurrence of void costs, albeit with associated tenant incentives suppressing earnings potential over the short term. |
Or:
"EPRA earnings per share have been negatively impacted by 0.28 pence due to two tenants entering administration during the period.....The Company's portfolio saw a like-for-like valuation decrease of 1.59% during the quarter, symptomatic of subdued deal flow in the UK commercial property investment market. " |
Healthy update.
We are pleased to report relatively stable earnings for the third consecutive quarter, as the Company's programme of investing capital in high yielding assets in core urban locations, combined with asset management transactions, continues to sustain income streams and mitigate void costs. Earnings have been maintained by several key rent reviews settled during the quarter, most notably at both of the Company's more recently acquired assets in Bath. Upcoming lease events, in particular at Central Six Retail Park in Coventry, should enhance earnings going forward. |
No pun intended but this RNS is only half the story with full financial info not presented. SREI did same yesterday but at least had a hyperlink to the detail. AEWU say look at webpage put as of now the full report still hasn't been uploaded. On a positive you can never fault their full transparency on the portfolio. |
Bought a few at 94.6p. Disappointed at having to pay 0.5% Stamp Duty!
Discount only 10.8%; but better than a bond as yield of 8.46%.
Not expecting any growth in that 8p dividend however. It is slightly uncovered; but secure, as they always top-up from capital gains if required. They've paid the same 8p for the full 8yrs since IPO. |
Thanks eeza. |
Tipped by Simon Thompson today. |
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... |
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