Aew Uk Reit Share Discussion Threads

[eeza] 15/2/2019 12:35

And me. :-(

[jonwig] 15/2/2019 11:53

Dammit, Skinny - I had to pay 89.7!

[skinny] 15/2/2019 11:43

Just added 2K @89.69p

[belgraviaboy] 15/2/2019 11:40

Happy to top up here at sub 90p today - even with our seller around.

While we wait for them to clear we can enjoy a fully covered 8.9% yield.

[stemis] 15/2/2019 11:24

I guess this is the property

hxxps://www.novaloca.com/industrial-unit/for-sale-or-to-let/leeds/lockwood-court/149548

So this £7.3m purchase is the investment they were talking about in the 25 Jan update:-

"At 31 December 2018, the Company held £8.91 million cash for investment, which we expect to invest in an attractive and high-yielding industrial asset in the coming months."

It will add £0.5m to rental income (at 7.7%) which is EPS of 0.33p per share. That should take the run rate (based on Q3 EPS of 1.98p) to 8.25p. That's 103% coverage of the 8p annual dividend (yield = 8.8%).

[cwa1] 15/2/2019 11:15

Solid acquisition, steady as she goes.....

[spectoacc] 15/2/2019 10:08

Excellent - will do no harm to our divi coverage. Also:


"Following the acquisition of this property the Company's borrowings now show
a gross loan to value of 25.0%. The Company's holdings comprise a
diversified portfolio of regional UK commercial property assets showing
exposure to the major property sectors in line with the weightings shown
below. As per the Company's Investment Restrictions, maximum exposure to any
of the below sectors at the time of purchase is 50%.

Industrial 47.1%
Office 21.7%
Retail 16.0%
Other 15.2% "

[eeza] 15/2/2019 10:07

"AEW UK REIT plc ("the Company") is pleased to announce that it has acquired
an industrial asset, Lockwood Court, Parkside Industrial Estate in Leeds for
a gross purchase price of GBP7.3m, reflecting an attractive initial yield of
7.7%. "

[eeza] 14/2/2019 15:28

Offer dropping again slowly, despite retail buying.
Our French seller lurking once more?

[spectoacc] 11/2/2019 15:50

Good luck @CWA1. I see them as something of a bond proxy - and one on a great yield. Hopefully a bit of capital growth along the way too, particularly since they've got over the initial hump of purchase costs (something that knocked AEWL initially).

[cwa1] 08/2/2019 08:30

Oh OK all, quite like the look of it, so you've twisted my arm ;-) Give me a few, thanks. Paid less than the recent director purchase but a touch more when taking the dividend payment in to account. Fingers crossed for a solid yielder with not too many, if any, unpleasant surprises.

[spectoacc] 08/2/2019 07:36

Interesting, thanks @broadgreen

[broadgreen] 07/2/2019 16:52

Have just started looking at this after seeing it mentioned on the RGL thread. I hold RGL and will probably add some AEWU for diversification. Small amounts only, sadly!

Anyway, on the main AEW website Natixis is mentioned as an affiliate. Tucked away in a press release is the following:

'AEW is one of the world's largest real estate asset managers, with €65.3bn of assets under management as at 30 September 2018. AEW has over 600 employees, with its main offices located in Boston, London, Paris and Hong Kong and offers a wide range of real estate investment products including comingled funds, separate accounts and securities mandates across the full spectrum of investment strategies. AEW represents the real estate asset management platform of Natixis Investment Managers, one of the largest asset managers in the world.'

Natixis is part of BPCE, the second biggest French bank, with a network of savings bank branches across the country. A major institutional investor. My guess is that Natixis was an initial investor in AEUW because of their corporate affiliation.

[eeza] 06/2/2019 10:34

XD tomorrow for 2p per share.

[spectoacc] 05/2/2019 06:41

With more still to sell - unless that's subsequently been offloaded.

[lord gnome] 04/2/2019 23:21

Looks like they were indeed selling down their stake then Skinny. A good bit of detective work.

[eeza] 04/2/2019 16:09

RNS' are supposed to be clear and unambiguous. Failing dismally.

[skinny] 04/2/2019 15:53

Hmmmm not sure about that.

The only other RNS holding from them was , so is it a reduction?!?!

But agree about the lunches :-)

[lord gnome] 04/2/2019 15:33

Yep. That just about sums it up.

[lord gnome] 04/2/2019 14:43

Ha! As far as I can make out, last November some French outfit had 2.41% of AEWU but only just decided to announce it. Why are they announcing a holding of less than 3%? I can't see that they have sold any to take it below the threshold for notification.

[spectoacc] 04/2/2019 14:42

Looks like no change, which can't be right, and why are they reporting at 2.41%, surely threshhold is 3%?

[eeza] 04/2/2019 14:39

Well I can usually tell whether it is an increase or decrease - but not with this one.

[jon123] 04/2/2019 14:38

lol ain't they all like that