Aew Uk Reit Share Discussion Threads

[fred177] 03/8/2022 14:42

Also SREI presented on same platform today also worth a listen

[skinny] 03/8/2022 13:14

Monday's webinar is available on

[nickrl] 01/8/2022 15:07

AEWU presentation interesting. Have acquisitions lined up already for the sales income due in a few weeks on exclusivity agreements - three retail parks (come on EPIC!!) a leisure facility, an office and a hotel although not sure this was all the assets or a selection of them but NIY of 8.1% quoted.

[nickrl] 27/7/2022 10:11

Apologies Lord Gnome that subtle change in the sale price was not communicates so well spotted and entirely see your point now.
Fred thanks for clarifying to the group.

[lord gnome] 27/7/2022 09:39

Thanks Fred. I didn’t make that entirely clear.

[fred177] 27/7/2022 07:53

Nick the point is the buyers at £37 million pulled out and anew deal was done at £29 million

[nickrl] 27/7/2022 07:43

Lord Gnome Eastpoint is completing on 8th August?

As usual comprehensive update from AEWU Interesting that offices are the primary driver of NAV growth this qtr which is a bit of a surprise. Not taking any read across to other REITs as correlation wasn't good last qtr.

Divi still only 75% covered but its been that way for sometime and despite the cautionary comment about maintaining 2p/qtr that appears in every NAV update its being maintained!.

Sounds like the mgrs are more dynamic than EPIC in getting on with acquisitions.

Headline asset mgt updates but you have to read between the lines ie 40 Queens Square, Bristol (office) - Tell us they have got a good deal for 10 years highest ever ERV oh but we have to spend a £1m on the property and give them 11mths rent free somewhat taking the edge off the income stream.

[chucko1] 27/7/2022 07:34

You did not miss such an announcement as it has not fallen through! It is expected to complete in August, as is Glasgow. Upon which they will the the funds to reinvest - and subsequently reach their target of 8pps EPRA earnings.

I cannot reconcile the £8mn with what has been published today. That would amount to a hit to NAV of some 5.0pps.

[lord gnome] 27/7/2022 06:28

Interesting update today. Did I miss an announcement that the Eastpoint Business Park sale had fallen through, or was it never made public? The value has dropped by £8 millions. Judging from recent share price performance, somebody must have known. Private shareholders always at the back of the queue for information.

[spectoacc] 10/6/2022 07:50

Perhaps positive for EPIC that there's still things like this out there. But that's being very generous - they've been looking since last autumn. And still arguably better if they bought back their shares instead (something not the case at AEWU).

[nickrl] 10/6/2022 07:43

You would have thought EPIC would have been after something like this

[spectoacc] 10/6/2022 06:24

On the numbers, looks very good - not many others are finding yields like that out there.

(Caveatad by it being Dewsbury).

[skinny] 10/6/2022 06:01

AEW UK REIT plc (LSE: AEWU) ("AEWU" or the "Company") is pleased to announce the acquisition of the 6.04 acre Railway Station Retail Park in Dewsbury for a price of GBP4,700,000. The purchase price reflects a low capital value of only GBP82 per sq ft and provides an attractive net initial yield of 9.4%.

The park is fully let with a low average passing rent of GBP8.28 per sq ft, which the Investment Manager believes provides strong potential for rental growth. Tenants include Sports Direct, Mecca Bingo, Fieldrose Ltd, trading as KFC, and the Danish furniture retailer, Jysk.

The park occupies a prominent location on the edge of the town centre within an established retail and leisure area. Neighbouring occupiers include Sainsburys, Aldi, Matalan, Pets at Home and Iceland as well as a council operated library and sports facility. Dewsbury has a tight supply of retail warehousing stock, with no current vacancies within the town.

Commenting on the sale, Laura Elkin, Portfolio Manager of AEW UK REIT said, " This latest acquisition supports our view that the current market continues to provide investment opportunities that deliver dividend accretive income streams while also providing future potential for capital growth. Our work undertaken on the tenants of the park has shown that they trade well from the location and we expect an attractive level of income to be sustained".

[davidosh] 22/5/2022 11:23

AEW will be there...

FREE TICKETS to our Mello2022 Trusts and Funds event…. Great speakers & 23 Fund managers presenting and exhibiting at this live, physical conference in Chiswick, London 👍
Use the code FIRST20TF and save the entry price of £49

[davidosh] 05/5/2022 21:53

We had Alex and AEWU do a presentation at our last Trust and Funds show in Chiswick and we have invited Laura to join us to do a presentation at our next one at the end of May


I am a shareholder here so very happy with what has been achieved and comforted by the dividend

[fred177] 05/5/2022 20:34

Yes they need to get the cash working from sales

[smidge21] 05/5/2022 20:23

On the plus side, any equity raise in the near term looks unlikely

[panshanger1] 05/5/2022 19:57

https://citywire.com/investment-trust-insider/news/property-alex-short-leaves-top-performing-aew-uk-reit/a2386745

[smidge21] 05/5/2022 18:05

This extends the range of senior management changes at AEW. While there should be enough in the pipeline at AEWU to ensure that the dividend gets fully covered, the market may want more evidence that their ability to continue to buy assets at a decent discount remains intact. I can see this drifting to a 7% yield (no science behind that percentage). My two largest holdings - by some distance - are AEW Core and AEW RRF. Having halved my AEWU holding around 130, I'll return only at 7% (still have 99k shares)

[fred177] 05/5/2022 17:19

Does seem a bit sudden and just after return of Laura Elkin ?, maybe she was pushing for more funds and others weren't supportive, maybe she wants bigger things? In the investor meet webinars she comes across as very direct and no nonsense, who knows but we can only speculate

[cwa1] 05/5/2022 07:01

The Board would particularly like to thank Alex for the role she has played since the IPO of the Company and wish her the best for the future

Does this not suggest that at least it's nothing really worrying?

[blueliner] 05/5/2022 06:33

Not what I want to read in the morning, an issue over the Cardiff nightclub maybe.
Obviously going/poached to somewhere else.

[spectoacc] 05/5/2022 06:16

Suggests it's AEW she's gone from - and presumably not on good terms as no notice - rather than anything AEWU-related. But still, she's a big loss to the IT.