Aew Uk Reit Share Discussion Threads

[spectoacc] 19/1/2023 08:14

36% LTV now.

On NAV:

"Nevertheless, this compares favourably to wider market declines with the CBRE monthly index showing capital value falls of 6.8%, 5.5% and 3% for all UK property in October, November and December respectively."


It does, and AEWU often trades near to par thanks to the yield, but - was this the last qtly NAV fall? No chance IMO. Falls should moderate but going to be more ahead.

[hugepants] 19/1/2023 08:13

That Nav fall looks well within expectations. Lots of industrial and add in the gearing.

[lord gnome] 19/1/2023 08:08

The NAV fall is a bit of a shocker. I hadn't expected that. Better value elsewhere, so I have sold out first thing. Can't see it making progress for now.

[spectoacc] 19/1/2023 07:31

Surprisingly large quarterly NAV fall:


"· NAV of £166.24 million or 104.93 pence per share as at 31 December 2022 (30 September 2022: £193.08 million or 121.88 pence per share)."

[lord gnome] 23/12/2022 21:55

Looks like you timed your buy quite well CWA1.

[cwa1] 23/12/2022 11:35

OK then, time to 'fess up, who's responsible for the mid-morning jump?!

[cwa1] 22/12/2022 16:10

Decided to have a few of these at under 97p, seems like a sensible price even if there's further to fall before it stabilises. Liked the last announcement regarding the assets they acquired. It'll be tough out there-but hopefully there's a future for that type of asset. Will be nice to see the dividend covered again...

[skyship] 03/12/2022 08:07

“You know how to whistle, don't you Steve? You just put your lips together, and blow.” The late, great Lauren Bacall

[petewy] 02/12/2022 18:46

if she does I'm available. All she has to do is whistle you can whistle miss Elkin just...

[peckers56] 02/12/2022 13:49

I met Ms Elkin at this year's AGM. She told me she reads this thread !!!

[fordtin] 02/12/2022 07:48

Thanks ramellous, a good write up.


This link should let people see the article without the need to register;

[fordtin] 01/12/2022 17:18

For anyone else who's mystified by trade reporting;

I read the RNS this morning and put a limit order in for a wee top up.

A few hours later I was notified that it had been partially filled. Two more notifications later, my order was filled.

The odd thing is, none of the reported trades correspond with the partial fills, or with my completed order.

[fred177] 01/12/2022 17:05

I wondered how this trust would fair under Laura Elkin after Alex Short left but this seems like sensible business the Bromley purchase looks good value £s per sq ft too

[chucko1] 01/12/2022 11:52

It is tough to compare AEWU with EPIC as the latter is focused on a single property type (now), whereas AEWU are generalist.

Over the years, there has been ample criticism of AEWU in terms of dividend cover etc. by investors who have an entirely unsuitable timeframe.

[nickrl] 01/12/2022 09:53

@killing_time should have realised that when AEWU say they have properties lined up already they are true to their word and get on with it unlike EPIC. Certainly helps close the gap down with those nice yielding assets to c 89% by my estimate.

[killing_time] 01/12/2022 08:58

Well nickrl looks like the dividend is going to be fully covered soon.

2 new buys and just £7m to spend.

[nickrl] 21/11/2022 23:30

Catching up on HY report and AEWU can do no wrong even with divi cover now only 64% at the cash level and a deteriorating operating cash flow. Now there are some one offs associated with the refinancing so 70% is nearer the mark and you have to applaud the timing as it had to be done as they were on a SONIA+1.4% so would cost them much more by now but it still increases the finance cost by 45% over last year. Also given how favourable rent collection stats are there has been a fair increase in rent receivables since March but maybe they have more tenants on monthlies now.

Can't see them getting divi cover anytime soon but they can live off the profits they've made on recent sales for plenty of quarters yet which is strategy that appears to be generally supported by shareholders.

[skinny] 15/11/2022 07:02

Notice of Half Year Results

AEW UK REIT plc (LSE: AEWU) ("AEWU" or the "Company") will announce its Half Year Results for the period ended 30 September 2022 on Wednesday 16 November 2022.

There will be a presentation for analysts at 11.30am on the morning of the results. Please contact [e-mail] for dial in details.

[danmart2] 03/11/2022 18:31

Sorry, thought this was an AEW forum