The office part for interest
EDIT addition and please bear in mind that street view is behind the times by a few years: |
AEW UK REIT plc (LSE: AEWU) ("AEWU" or the "Company") is pleased to announce that it has completed the purchase of a freehold, high-street retail asset at 13/13A, 114-119, 121-123 Bancroft and 3-4 Portmill Lane (the "Property") in the affluent commuter town of Hitchin for £10,000,000. The purchase price reflects an attractive net initial yield of 8.31% and a capital value of £213 per sq. ft. |
Now 102p-103p. Top of the range - a good time to exit and rejoin again when they pull back to 98pm level yet again. |
It uncrossed @104p - a hefty 9 shares!
The price hasn't changed because all the subsequent trades are "O" trades. |
104p! False price. Actually 101.2p-103.4p |
1+ year high @104p. |
See-sawing back & forth is just what AEWU does - see chart in Header - relentless movement. |
Bit of weakness |
 For interest if not seen.
Just part dated 4th February 2025:
Henry Butt
How will the Budget affect commercial property?
I think the obvious one is National Insurance, which is an increased cost for businesses. It will most likely have an impact on the casual dining restaurant sector, where margins are smaller, and potentially on the high street, which is a concern.
What do you think the future holds for retail?
I think the transition from the high street to online is embedded now. Having said that, I think people appreciate going back to the shops. Retail warehouses have fared well recently because of trends like click and collect, halfway between online and physical retail.
I think we have gone through the storm and retail is in a more solid place than it has been for the past 10 to 15 years, during which time it was seen as the ugly duckling. That is very much the office sector now, where there is most uncertainty because of working patterns. By comparison, I think we have pretty much figured out retail patterns.
Where are you seeing investment opportunities?
We are looking across all sectors. In leisure, there’s a lot of yield to go after. The properties sit on larger sites, which bodes well if you want to convert them to an alternative use. We like chunks of retail in good towns and city centres. There is good income there and the potential to move these properties from retail to an alternative use, especially with the relaxing of the planning system.
Over the past 18 months we have been selling out of lower yielding industrial investments, crystallising strong profits and recycling them into higher yielding retail and leisure assets. Investors feel excited about the prospects for rental growth in the industrial market.
Meanwhile, entrepreneurial investors are entering the office market again. I think chief executives of large companies realise that if they want to retain staff and for their businesses to function as best as possible, having people in the office developing personal relationships is important. But in general, investors are very twitchy about the sector.
I think offices potentially could be an exciting prospect going forward. The caveat is they have to be in the best locations, the right buildings, and have good environmental, social and governance (ESG) credentials – that is what larger corporates want." |
Ex dividend today |
A reminder :- |
And better still SteMis, the annual dividend is 8p paid quarterly.
I’ve held several of the Commercial Property Trusts since 2020, and AEWU bought at 62p and up 60% and about 130% if including dividends (13% dividend yield at that buy price) is by a long way the best performer. |
Another quarter with the dividend covered. Was it just a year ago that some were suggesting they might have to cut it...?
Last 9 months shareholders have seen a 6p dividend and a 7.32p increase in NAV. Not too shabby a performance |
@nickr re:#1637.
"Disposal of Units 1‐11 of Central Six Retail Park, Coventry, for £26,250,000, reflecting a net initial yield of 7.49% and a capital value of £213 per sq. ft, representing a 60% premium to the purchase price."
The likely answer is in the timing. The (1.35p) reported loss on sale of investments is wrt FY24Q2 valuation of the Coventry asset. |
There not exactly doing that much different to some of the others but the faith has been kept here. What i couldn't figure out is why they report a loss on investments in NAV table after selling Coventry - what am i missing? |
Hats off to AEWU. If they can do it, how come they all can't. 2p divi for 37 consecutive quarters and capital value above where they started (even if share price slightly below). |
nexusltd
Good response I can go along with your opinion it has risen 20% over the last year but my assessment of the latest news it should should have benefited from a rise
Ime in for the longer term but I do consider this £1 share price is undervaluing the company |
@janekane re:#1632 In my view whether to buy depends on your investment approach.
If you intend to hold for a long period, and trust the managers to continue to deliver on their strategy of: buying cheaply, improving, re-tenanting, selling, then it is a buy. Traders, like many on these boards, will consider that there are potentially better short term gains to be made in other names being offered at greater discounts of sp/nav. |
You would invest here on the latest news but it seems to “not to inspire investors as you would think appropriate “
Any thoughts or answers |
Per square foot. |
It's better than that - it's a part sale On a psf basis they've almost doubled their money |
I hold and really should hold more |
They continue to have the midas touch in making sales well ahead of purchase price to fund the uncovered portion of the dividend. Would have been better off just leaving most of my cash here!! |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
