Aew Uk Reit Share Discussion Threads

[chucko1] 27/7/2022 08:34

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 07:28

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 08:50

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 08:43

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

[spectoacc] 10/6/2022 07:24

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 07:01

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 12:23

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 22:53

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 21:34

Yes they need to get the cash working from sales

[smidge21] 05/5/2022 21:23

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

[panshanger1] 05/5/2022 20:57

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

[smidge21] 05/5/2022 19:05

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 18:19

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 08:01

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 07:33

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 07:16

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.

[skinny] 05/5/2022 07:14

Nothing obvious.

[spectoacc] 05/5/2022 07:12

That's a big loss, what's gone on?

[carcosa] 03/5/2022 14:33

..especially when they all but said they are trading ahead of expectations....

[skinny] 03/5/2022 14:20

Worth a watch - 40 minutes duration.

[riverman77] 25/4/2022 10:43

That would take NAV up to around 131p putting this back on a small discount.

[spectoacc] 25/4/2022 08:48

Hats off to them, not been a holder for ages but they keep delivering.

Removing them from AEWL/AIRE seems a big mistake in hindsight - look at the performance difference.