Aew Uk Reit Share Discussion Threads

[skinny] 22/2/2024 13:10

Just an observation :-

[fred177] 22/2/2024 13:04

Alex was running the show at the time

[skyship] 22/2/2024 12:57

You ask anything behind the fall?

Investment manager Laura Elkin gone on maternity leave! 😀 She's done it before without problems; so unlikely to be a true reason for current weakness.

[skyship] 22/2/2024 11:08

Averaged down at 89.56p - c90p inc SD. Discount at 13%; yield at 8.9%.

[mindthestash] 16/2/2024 15:43

anything behind thus fall
sub 90?
its looking like time to add more

[nickrl] 13/2/2024 18:52

@grahamnash re ~1527 its gone down....

Seriously these have shown significant resilience and the manager has certainly been very adept at well time sales and acquisitions so one to trade in / out of as Sky has above by the looks of it.

[skyship] 13/2/2024 10:44

Bt in @ 92.7p; that's 93.2p inc SD. Disc. @ 10%; Yld @ 8.6%.

[grahamnash] 08/2/2024 16:06

Does anyone have any thoughts on how the recent decrease in NAV might affect the share price going forward?

[skyship] 26/1/2024 08:18

The 2023 see-saw price action suggests BUY low 90s; SELL @ 100p

[skyship] 26/1/2024 08:16

Or:
Prospective lettings at three void units: the former Wilko at Union Street, Bristol; the former Mecca Bingo at The Railway Centre, Dewsbury; and the former Sports Direct at Barnstaple Retail Park are advancing well. The re-letting of these units are expected to have completed during the first half of this calendar year, further improving income streams and mitigating the incurrence of void costs, albeit with associated tenant incentives suppressing earnings potential over the short term.

[spectoacc] 26/1/2024 07:03

Or:
"EPRA earnings per share have been negatively impacted by 0.28 pence due to two tenants entering administration during the period.....The Company's portfolio saw a like-for-like valuation decrease of 1.59% during the quarter, symptomatic of subdued deal flow in the UK commercial property investment market. "

[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 22:13

Thanks eeza.

[eeza] 19/10/2023 21:33

Tipped by Simon Thompson today.

[skinny] 19/10/2023 10:42

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 09:01

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 14:07

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 14:05

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

[stemis] 09/10/2023 11:45

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 11:28

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

[catch007] 09/10/2023 11:02

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