Aew Uk Reit Share Discussion Threads

[chucko1] 10/5/2021 12:11

Eezy, totally agree. I ignore the valuations, and 8% in this yield environment is great, especially considering the strong history of AEWU in terms of its ability to maintain this (covered, no matter what the temporary shortfall is).

But I am quite prepared to trade against the frenzied nature of the buying. So I sold out completely. Never thought I would.

[eezymunny] 10/5/2021 12:07

Rebuilding toward a covered divi of 8p.
Interest rates are almost zero.
I'm struggling to see the urgency to sell.
The NAV as ever is of low relevance IMO. A number produced by dunce valuers.

[allaboutsteeix] 10/5/2021 11:59

Looks very likely chucko appears like a lot of the recovery has already been priced in now, making me tempted to sell

[chucko1] 10/5/2021 11:53

Bloody hell - not as "toppy" as 98.125.

[chucko1] 10/5/2021 11:36

But 95.8p (where I just sold some) really strikes me as a little toppy for now. After all, this is near the ATH and they have little dividend growth prospects. NAV at 94p or so.

This is the first non-positive post I have ever written on AEWU, but that is in the face of some really aggressive buying that has now been going on for a few weeks.

Great REIT, but there is still the chance of lasting damage from the virus and suppression of some rents.

[chucko1] 05/5/2021 12:15

Goes to show that commenting on the dividend coverage of AEWU needs to take into account what the managers have been suggesting. They will get pretty close to 100% coverage when the dust settles with the few quarters of slight miss more than made up by capital gains.

It has been a 9% yield all the way. Far more to those who looked through the fog and bought a year ago.

[nk104] 05/5/2021 11:28

AEW has bought a retail park in Shrewsbury

[chucko1] 23/4/2021 08:36

The irony is that Sports Direct is on a tear! The man is no fool, however else one might feel inclined to describe him.

[spectoacc] 23/4/2021 08:26

Great, thanks @SteMiS. Some sympathy for Mecca, none at all for cAshley. But the point is that they're meant to engage.

AEWU may not have any Boots, but they're the heinous one - paying zero rent, open throughout as an essential retailer.

[stemis] 23/4/2021 08:21

It's Sports Direct and Mecca Bingo

hxxps://reactnews.com/article/aew-uk-reit-plans-to-recover-1-2m-in-unpaid-rent-following-successful-legal-battle-with-sports-direct-and-mecca-bingo/

[jh27] 23/4/2021 07:33

It’s unlikely to be a specific case..

Simply the serving of a stat demand which requires payment in 21 days. Prior to the moratorium on forfeiture being lifted at end March a stat demand would have had no effect.

So - nothing special but at least they’re doing it.

[flyfisher] 23/4/2021 06:48

Would anyone have a link to the legal case.

Tia

[frazboy] 23/4/2021 06:36

‘May explain the sudden and aggressive buying late yesterday afternoon’

Notable rises in several REITs yesterday afternoon, I guess it was coincident with the outcome of the court case(s)!?

[cwa1] 23/4/2021 06:23

Hope that sends out a strong "pour encourager les autres" type message!

[spectoacc] 23/4/2021 06:19

Excellent, the likes of Boots & SportsDirect (no idea if it's either of them) have been taking the p*ss for too long.

[chucko1] 23/4/2021 06:18

Hell hath no fury, eh?

May explain the sudden and aggressive buying late yesterday afternoon.

[playful] 23/4/2021 06:09

You don’t mess with our Alex!

A very pleasing result.

[badtime] 22/4/2021 14:38

Nice upward tick :)

[a0002577] 22/4/2021 12:43

Two pence per share dividend is £3,175,400.00
They made somewhat more than that on one transactions (£5.1 million)

"During the quarter the Company completed the sale of Sandford House, Solihull at a price of GBP10.5 million. The asset was acquired in August 2015 for GBP5.4 million and the Company invested no further capital in the asset during its hold period. "

The 1.1 pence EPRA earnings amounts to £1,746,470.00 leaving £1,428,930.00
to be taken from the 'sales profit pot'

[ryesloan] 22/4/2021 12:37

I suppose the easy way to look at the div just now is half is being paid out of capital...I think most holders are happy with that in the short / medium term and they have the cash in hand to support it.Key will be seeing what actions they take to get the earnings figure tracking back up over the rest of the year but in the meantime I'm happy to hold here.

[chucko1] 22/4/2021 11:56

Don't forget, though, that there has been concern about their ability to pay 8pps for years. By doubting, one would have missed out on very decent returns, especially if one traded the thing against the tide from time to time (especially last year).

You get nowt by being too defensive.

[jh27] 22/4/2021 10:54

Rent collection going down quarter on quarter... they should have a grip on this by now and other REITs are doing better on this front.

I’d say it was imprudent not to have cut the divi during Covid and top up at year end. If they ever did cut it, the share price would collapse because there are no institutions to support it and we’d all be off in search of income elsewhere.

Have they got away with it by posting NAV growth as opposed to covering dividends? It looks like it...

[spectoacc] 22/4/2021 10:46

I think the test is in what they buy, and I'd be amazed if it's sufficient to cover the yield. Just aren't many bargains around out there, despite forced sellers.