Aew Uk Reit Share Discussion Threads

[nimbo1] 16/8/2019 13:47

just bought a half position also.

[skyship] 16/8/2019 11:01

Was out, so missed yesterday's cheap offer. Still, decided to go for a 50% allocation with 20k @ 90p this morning.

Was pondering whether to rejoin AEWL or here again. Decided upon AEWU as AEWL may remain under a bit of a cloud for a while longer...

At 90.5p inc. SD, the discount = only 7.5%; but the yield is a monumental 8.84%!

[lord gnome] 15/8/2019 17:23

Just down with the market, pure and simple. Nothing is immune to a bear market.

[lowtrawler] 15/8/2019 17:03

Any idea what's causing the big fall? Unless they are losing occupancy, I would have thought that the dividend yield would have supported the higher price.

[nimbo1] 15/8/2019 15:09

L2 looks like the rug is about to be pulled from underneath this...however often is a decent time to jump in.

[solarno lopez] 07/8/2019 14:24

One way of ramping up your returns and flattering the yield

[shieldbug] 07/8/2019 11:53

I like the thinking of including 5 quarters but there is such a thing as counting your chickens... especially when the dividend is so close to EPRA EPS. Time will tell.

[jon123] 07/8/2019 09:41

no he's using 5 quarters to get that yield

[solarno lopez] 07/8/2019 08:56

I must be missing something as a current yearly dividend of 8p at a price of 95.2p = 8.4%

[2wild] 07/8/2019 08:44

Shares go Ex Div tomorrow. Topped up at 95.25p this morning giving a first year yield of 10.5% including August 2020 payment.

[2wild] 26/7/2019 12:57

If they keep this up will need to raise the divi to keep within the 90% rule. Seems odd there was a shed load of trades at 99p and above at end of June and today you can buy below 95.

[hugepants] 25/7/2019 13:43

Impressive rise in earnings to 2.25p. NAV still dropping, albeit modestly, due to their retail exposure.

[chucko1] 12/7/2019 12:41

94.9p. No idea who’s selling but then I had no idea who was buying up to NAV flat a few weeks ago.

Gradual reload territory.

[2wild] 09/7/2019 13:45

Toped up at 95.608p. With a covered 8.3% dividend, low LTV @ 25% and low cost of debt, my favourite REIT. Expect this to move higher over the next 3-4 weeks as we move towards next Ex Div date.

[sogoesit] 28/6/2019 17:01

UK property doing well today. Appears to be across the board.

[chucko1] 27/6/2019 16:19

And meanwhile, the bid seems to be getting firmer, although we are at NAV flat. Lofty heights for AEWU, but it seems that the income has been so steady at 8.0pps it’s being regarded as undervalued from an NAV perspective. Valuation should be a risk adjusted thing, taking into account hard factors (e.g. financials and property type and location) and soft factors such as management and history.

You could argue that this could trade at a 20% premium (rather like PHP does), yielding around 6% (assuming a 10 year horizon). This would put it at the same level as a number of other property and infrastructure REITs, and still at a higher yield than quite a few.

Still, I’ve let a few go, and will continue to do so as RGL has cheapened up a little, AEWL is quite a bit too low for the risk and NRR just has to take its NW medicine. There will be a time to attack those again (already have, but only with medium artillery).

[jon123] 27/6/2019 16:12

i have been thinking of selling some but there seems to be plenty of buyers about and the price keeps nudging up so have held off so far

[rcturner2] 27/6/2019 11:31

Must admit I have sold out of my holding today.

[a0002577] 26/6/2019 12:01

I agree, SpecToAcc - and also with your sentiments on Green Infrastructure funds

You will find more discussion - perhaps better discussion - over on the Lemon Fool on REITS, Green funds and VCTs - we would welcome your contribution there.

Try to start with

kind regards - A000

[spectoacc] 26/6/2019 07:25

Personally I see nothing wrong with AEWU, with its steadily growing NAV & fat covered yield, trading at par.

"Daft" is the premiums on many of the alternative energy ITs. Reminds me a lot of the infrastucture ones before Old Labour sorted them out. BSIF springs to mind.

[rcturner2] 26/6/2019 07:22

nimbo, I think it depends on the assets being held by individual REITs. There are other REITs on much larger discounts and yields such as NRR (New River) but then that REIT has shopping centres and other retail assets so is more risky in the current environment. There is also the debt/leverage issue to consider when comparing REITs as some are quite possibly overborrowed and exposed to LTV covenant breaches.

[solarno lopez] 26/6/2019 06:43

And what are the alternatives please ?

[nimbo1] 25/6/2019 22:24

Maybe.

The market is bonkers - why it thinks its a good idea to drop these reits to such large discounts to bring them back to 0 is ridiculous. Why anyone is still holding this at NAV given the alternatives...although income good of course.

[skyship] 24/6/2019 13:39

nimbo - I reckon AEWL would be a better match for CREI; though obviously an in-house deal with AEWU brokered by AEW would be neat.

Whatever, whilst waiting for the result of the Strategic Review, AEWL certainly look good value on a 19.6% NAV discount and 7.1% yield; as I posted extensively yesterday on the AEWL and CP+ threads...