It's better than that - it's a part sale On a psf basis they've almost doubled their money |
I hold and really should hold more |
They continue to have the midas touch in making sales well ahead of purchase price to fund the uncovered portion of the dividend. Would have been better off just leaving most of my cash here!! |
Not a holder currently, but hats off to them - they nearly always seem to come through with divi-backing trading. |
Yes, it reads well.
"Commenting on the sale, Henry Butt of AEW UK REIT, said: "As a result of our active asset management strategy, we have sold part of this asset at a very healthy premium to the purchase price of the whole, thereby delivering excellent returns to the Company's shareholders. The value created by our successful asset management presents an opportunity to crystallise capital growth and reinvest the sale proceeds into higher yielding opportunities in the market. A significant part of the proceeds from the sale are already under offer and, as such, we expect to make purchase announcements in the coming months." |
Buying something for £16 million and selling it 3 years later for £26 million, whilst also receiving rental income, is excellent business. This is something even my limited knowledge of commercial property deals can understand. |
Holding nicely over 100 mark now Famous last words !! |
Taken your profit? |
looking good |
Took some at the 92p offer this morning. Hopefully a decent trade but if not at least a decent dividend. |
Bt back in for a few at 93.9p |
Ex div today |
Sold 2/3 of my holding on today's bounce |
Recording available :- |
Same as you ...sold some on that bounce and keeping some |
Great call at post 1609. |
Out at EXACTLY the same price! Only bought on Thursday, an hour after the NAV update. Actually, still keeping a few. |
Out again @ 99.44p... |
Those figures suggest that these should now bounce back up to the 100p level. |
AEW UK REIT Plc is pleased to announce that Henry Butt (Assistant Portfolio Manager) and George Elliot will provide a live presentation relating to the three-month period ended 30 September 2024 via the Investor Meet Company platform on Tuesday 29 October 2024 at 14:00pm BST.
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 BST 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: |
 We are delighted to have won the listed property category in the 2023 MSCI UK Property Investment Awards. This award is given to the Company that has delivered the highest annualised property total return over the three years to December 2023. Achieving this award is testament to the Company's strategy of delivering total return through active asset management."
Highlights
· NAV of £172.76 million or 109.05 pence per share at 30 September 2024 (30 June 2024: £167.79 million or 105.91 pence per share).
· NAV total return of 4.85% for the quarter (30 June 2024 quarter: 5.04%).
· 2.94% like-for-like valuation increase for the quarter (30 June 2024 quarter: 2.41% increase).
· EPRA earnings per share ("EPRA EPS") for the quarter of 2.68 pence (30 June 2024 quarter: 2.26 pence). Underlying EPS of 2.17 pence (30 June 2024 quarter: 1.92 pence).
· Interim dividend of 2.00 pence per share for the three months ended 30 September 2024, paid for 36 consecutive quarters and in line with the targeted annual dividend of 8.00 pence per share.
· Loan to GAV ratio at the quarter end was 25.04% (30 June 2024: 25.66%). Significant headroom on all loan covenants.
· Company continues to benefit from a low fixed cost of debt of 2.959% until May 2027.
· Disposal of Oak Park, Droitwich, for £6.30 million, reflecting a 33% premium to the 31 March 2024 valuation.
· Three new lettings increasing annual contracted rent by £598,470 per annum. |
Bought a few myself yesterday |
Morning carcosa
There doesn't seem to be much about AEWU in there. Is this just spam, or have I missed something? :-) |
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