Aew Uk Reit Share Discussion Threads

[petewy] 25/1/2024 17:39

Healthy update.
We are pleased to report relatively stable earnings for the third consecutive quarter, as the Company's programme of investing capital in high yielding assets in core urban locations, combined with asset management transactions, continues to sustain income streams and mitigate void costs. Earnings have been maintained by several key rent reviews settled during the quarter, most notably at both of the Company's more recently acquired assets in Bath. Upcoming lease events, in particular at Central Six Retail Park in Coventry, should enhance earnings going forward.

[nickrl] 22/11/2023 08:56

No pun intended but this RNS is only half the story with full financial info not presented. SREI did same yesterday but at least had a hyperlink to the detail. AEWU say look at webpage put as of now the full report still hasn't been uploaded. On a positive you can never fault their full transparency on the portfolio.

[skyship] 30/10/2023 15:35

Bought a few at 94.6p. Disappointed at having to pay 0.5% Stamp Duty!

Discount only 10.8%; but better than a bond as yield of 8.46%.

Not expecting any growth in that 8p dividend however. It is slightly uncovered; but secure, as they always top-up from capital gains if required. They've paid the same 8p for the full 8yrs since IPO.

[scottishfield] 19/10/2023 21:13

Thanks eeza.

[eeza] 19/10/2023 20:33

Tipped by Simon Thompson today.

[skinny] 19/10/2023 09:42

AEW UK REIT plc is pleased to announce that Laura Elkin (Portfolio Manager) and Henry Butt (Assistant Portfolio Manager) will provide a live presentation relating to the three-month period ended 30 September

2023 via the Investor Meet Company platform on Tuesday 24(th) October 2023 at 10:00am .
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 09:00am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet AEW UK REIT plc via :



Investors who already follow AEW UK REIT plc on the Investor Meet Company platform will automatically be invited.

[nickrl] 19/10/2023 08:01

First out with a Q3 NAV update i believe which is largely unchanged. RW +3.7 to Off -3.3% although ive learnt that they all come up with different outcomes. Interesting comment on Wilko suggests anyone else who had them as a tenant will have some write offs as well as a vacant unit. Divi close to full cover at cash level. Asset mgt update very comprehensive although plenty of rent frees in there but some good uplifts so divi cover should be secured during H2/24.

[spectoacc] 09/10/2023 13:07

Interesting, thanks. 2017 too, and presumably has needed some CapEx to get tenants back.

A good performance since June NAV maybe the best that can be said.

[pjmurf] 09/10/2023 13:05

Should have looked a little deeper. Not so nice after all.

[stemis] 09/10/2023 10:45

Yes, interesting one. Bought in 2.11.17 for £6.4m on a 9.6% initial yield, so rent of £614k.



Sold for £3.9m on a 9.9% yield, so rent of £386k.

Not one of AEWU successes. At least they can't be accused of anchoring...

[glaws2] 09/10/2023 10:28

On the downside the property was purchasd for £6.37m and sold for £3.9m

[catch007] 09/10/2023 10:02

Capital recycling a key strength of AEWU - the 'cash' premium will help fund the dividend.

[pjmurf] 09/10/2023 07:13

"22% premium to 30 June 2023 valuation". Nice.

[williamcooper104] 08/9/2023 14:10

Indeed; just topped up with some of my EPIC money after reading about the Bath acquisition Looks like an unlevered 9-10 return

[giltedge1] 08/9/2023 13:44

Bath a supply constrained city & in top 5 UK liveable cities & 8% yield as well. A sensible acquisition by a manager, how outrageous!.

[skyship] 08/9/2023 12:50

Knowing Bath quite well, I believe that to be an extremely good acquisition.

Laura again shows her prowess...

[cwa1] 08/9/2023 06:40

AEW UK REIT plc (LSE: AEWU) ("AEWU" or the "Company") is pleased to announce that it has completed the purchase of a freehold, mixed-use asset in Bath city centre for £11,500,000, reflecting an attractive net initial yield of 8.0% and a capital value of £223 per sq ft. Following this acquisition, the Company is close to full deployment, with remaining cash available to invest of circa £3m.

...presumably takes them closer to, or at, full cover of the dividend?

[blueliner] 01/9/2023 12:16

Thanks Skinny. It's shocking service from HL, Peter Hargreaves is right to call them out as 'twerps'.

[skinny] 01/9/2023 11:47

Poor show with HL - the dividend has only just appeared.

[skinny] 31/8/2023 12:38

No and BBOX also due today...

On edit BBOX just received.

[blueliner] 31/8/2023 12:35

Nothing on AJ Bell either, have noticed a general deterioration in platforms crediting
div payments, shouldn't have to be keep checking, HL no better either.

[skinny] 31/8/2023 12:30

Hmmmm - thanks - for the second time in a row - nothing with HL as yet.