A reminder :- |
And better still SteMis, the annual dividend is 8p paid quarterly.
I’ve held several of the Commercial Property Trusts since 2020, and AEWU bought at 62p and up 60% and about 130% if including dividends (13% dividend yield at that buy price) is by a long way the best performer. |
Another quarter with the dividend covered. Was it just a year ago that some were suggesting they might have to cut it...?
Last 9 months shareholders have seen a 6p dividend and a 7.32p increase in NAV. Not too shabby a performance |
@nickr re:#1637.
"Disposal of Units 1‐11 of Central Six Retail Park, Coventry, for £26,250,000, reflecting a net initial yield of 7.49% and a capital value of £213 per sq. ft, representing a 60% premium to the purchase price."
The likely answer is in the timing. The (1.35p) reported loss on sale of investments is wrt FY24Q2 valuation of the Coventry asset. |
There not exactly doing that much different to some of the others but the faith has been kept here. What i couldn't figure out is why they report a loss on investments in NAV table after selling Coventry - what am i missing? |
Hats off to AEWU. If they can do it, how come they all can't. 2p divi for 37 consecutive quarters and capital value above where they started (even if share price slightly below). |
nexusltd
Good response I can go along with your opinion it has risen 20% over the last year but my assessment of the latest news it should should have benefited from a rise
Ime in for the longer term but I do consider this £1 share price is undervaluing the company |
@janekane re:#1632 In my view whether to buy depends on your investment approach.
If you intend to hold for a long period, and trust the managers to continue to deliver on their strategy of: buying cheaply, improving, re-tenanting, selling, then it is a buy. Traders, like many on these boards, will consider that there are potentially better short term gains to be made in other names being offered at greater discounts of sp/nav. |
You would invest here on the latest news but it seems to “not to inspire investors as you would think appropriate “
Any thoughts or answers |
Per square foot. |
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 |
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