Aew Uk Reit Share Discussion Threads

[lord gnome] 12/7/2021 09:50

Good to see this continuing its slow steady haul back up to previous highs. Dividend reinstated as well. A rock solid and safe 8% takes a lot of beating. The whole REIT sector is looking in better health as well. My RGL also moving up, although they still have a way to run to recover previous highs.

[chippy hackee] 25/6/2021 16:07

Meridian Metals had nothing to do with it; the onerous fee base for too small a portfolio and the inability to attract additional fresh equity to scale up was the killer.

[chucko1] 23/6/2021 11:09

One poor credit is not enough to condemn. It's not SQN which hardly had one GOOD credit!

[spectoacc] 23/6/2021 09:19

The pivot to Bristol is really interesting - if RLE can do it (badly) in Brum, why not Alex Short in Bristol.

Hats off to her, only misstep was Meridian Metals, which cost AEW the running of AIRE. They've had the last laugh with Steve Smith's defenestration.

[chucko1] 23/6/2021 07:44

And so, just like that (almost) the income deficiency has been largely overcome. As they said it would in the end of year update.

This has been well managed. I see it as a very well curated near 9% (current) yield, and in a world of nothing rates, I should possibly own more (having sold down heavily as the share price climbed the late 90s and moved epically into EPIC).

[spectoacc] 23/6/2021 07:14

They really, really like Bristol:



"Acquisition of prime retail site in Bristol city centre



AEW UK REIT plc (LSE: AEWU) (the "Company") is pleased to announce the acquisition of a prime retail site in the heart of Bristol city centre for a purchase price of £10.19 million, equating to £161 per sq ft and reflecting a net initial yield of 8%.



15-33 Union Street occupies a prominent location in Bristol city centre, opposite The Galleries Shopping Centre and near Cabot Circus, Bristol's premier retail destination. Located on a busy thoroughfare for pedestrians, the 63,125 sq ft property experiences high footfall and is ideally suited for retail or leisure use. The location of the site has also been identified as a major regeneration area.



Constructed in 2001, the property currently comprises five purpose built split-level retail or leisure units over four floors with road access to both Union Street and Fairfax Street. Four of the five units are let to three household names and a successful local retailer. The remaining unit is currently vacant, with the vendor providing a 12 month rent guarantee. We are currently in discussions with a number of parties who are keen to occupy this space. "

[spectoacc] 17/6/2021 06:18

Still digesting the moratorium & been adding to REITs on weakness, but from a legal standpoint the govnt abandoning the Rule of Law isn't good news.

[nickrl] 16/6/2021 20:39

SteMis interesting would have thought Mecca Bingo would have been able to defend its position better than Sports Direct. Mind you i see they have extended rental moratorium till Mar 22 now so AEWU action may have been very timely as perhaps these two thought they were likely to lose out if moratorium was going to be rescinded.

[stemis] 16/6/2021 11:47

I believe 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/

[nickrl] 16/6/2021 11:18

Who are the two well funded retailers?

This should ensure the govt takes appropriate measures in whatever replaces moratorium (can't see it being just left to legal system to sort out)so that the can pay but won't have no further protection. This will then ensure no further shenanigans in the courts costing both sides money.

[cwa1] 15/6/2021 16:15

Decent finish in the auction. Respectable volume overall today too

[spectoacc] 15/6/2021 06:21

Very good, hope to see it repeated across the smaller REITs. Legal fees paid too.

There's a minority of well-funded, open-for-trading, non-paying tenants out there - recall Sports Direct & Boots as being two.

[cwa1] 15/6/2021 06:20

Excellent :-)

What a bunch of can pay, won't pay chancers...

[playful] 15/6/2021 06:07

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 11:41

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

[cwa1] 27/5/2021 11:09

As you say, it's an interesting angle!

[spectoacc] 27/5/2021 08:15

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

[badtime] 10/5/2021 17:36

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

[playful] 10/5/2021 15:04

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

[chucko1] 10/5/2021 12:51

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 12:44

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

Bonkers IMO.

[cwa1] 10/5/2021 12:38

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

[spectoacc] 10/5/2021 12:30

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 12:27

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 12:12

I assume that this has caught the wave from AIRE.