Aew Uk Reit Share Discussion Threads

[playful] 15/6/2021 07:07

Terrific news!
Update on legal proceedings

Further to the Company's announcement of 23 April 2021 regarding the successful outcome of its legal action against two well-funded national tenants to recover unpaid rent, the Company can report that neither tenant sought the court's permission to appeal the decision of the Master and have now paid all the rent arrears claimed in the proceedings, as well as reaching an agreement on the legal costs incurred. With regards to the outstanding rent arrears that had fallen due for payment since the claims were issued, these amounts have also been paid in full, and as a result the Company has received the full amount of rent arrears of GBP1,200,566 referred to in the previous announcement on 23 April.

[texaschaser] 27/5/2021 12:41

no bags left. time to roll over and down the share price slope as rampers sell to muppets

[cwa1] 27/5/2021 12:09

As you say, it's an interesting angle!

[spectoacc] 27/5/2021 09:15

Interesting. It's an angle, in the absence of many others:

[badtime] 10/5/2021 18:36

I bought more than one share so hoping for at least four pence ..smile

[playful] 10/5/2021 16:04

We get our 2p two weeks on Friday. Yippee 🥳

[chucko1] 10/5/2021 13:51

Eezy, that is a debate some will never see your point of view on. But yes, NAV is basically totally irrelevant absent of distress and refinancing. Not the issue here.

[eezymunny] 10/5/2021 13:44

Still everyone looking at NAVs ,and how far from highs etc. Instead of cash flows and yields.

Bonkers IMO.

[cwa1] 10/5/2021 13:38

Taken a little off the table here as much a precaution/cash raising exercise as any real concerns per se

[spectoacc] 10/5/2021 13:30

More legally-recovered back-rent to come perhaps? But I sold out earlier than this - prefer some other REITs on greater discounts.

The high buying suggests a Sunday Paper tip?

[chucko1] 10/5/2021 13:27

Perhaps, but AIRE is 20% off ATH, whereas AEWU is basically there. But there are still pros and cons in each.

[smidge21] 10/5/2021 13:12

I assume that this has caught the wave from AIRE.

[chucko1] 10/5/2021 13:11

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 13:07

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 12:59

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 12:53

Bloody hell - not as "toppy" as 98.125.

[chucko1] 10/5/2021 12:36

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 13:15

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 12:28

AEW has bought a retail park in Shrewsbury

[chucko1] 23/4/2021 09:36

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 09:26

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 09:21

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 08:33

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 07:48

Would anyone have a link to the legal case.

Tia

[frazboy] 23/4/2021 07:36

‘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)!?