Aew Uk Reit Share Discussion Threads

[spectoacc] 12/10/2018 13:38

Does seem unloved. Keeping a small holding here.

[eeza] 12/10/2018 13:05

Strange because management seem to be doing a good job, so far as I can see.

[lord gnome] 12/10/2018 12:58

Yes, it has been a most disappointing investment. Offset to some extent by the excellent yield, which is why I am invested here. The only thing I can say for it is that it has not fallen as far as some of my other investments in the pre-brexit bear market.

[eeza] 12/10/2018 12:54

Seems to be under a lot more selling pressure than other REITS.
Chart looking very sickly now. Virtually straight line down from 103p in October last year to 93p now.

[speedsgh] 14/8/2018 10:55

AEW UK REIT plc lets Orion House, Oxford, on a 25 year lease -

AEW UK REIT plc (“the Company”), which directly owns a diversified portfolio of regional UK commercial property assets, has let Orion House, East Point Business Park to Genesis Care on a new 25 year lease. Genesis Care is a specialist cancer treatment company with a portfolio of clinics across the UK. They already occupy 14,500 sq ft at East Point Business Park; following the successful application to D1 use they have acquired the recently refurbished 12,842 sq ft Orion House to cater for their expansion plans for their Oxford clinic.

East Point Business Park was purchased by AEW in 2015 and comprises five self-contained office buildings. Michael Shears, Director at AEW, comments“We are delighted with this 25 year lease to Genesis Care; it is good to have such commitment from a tenant and helps demonstrate the quality of the business park and its proximity to Oxford. The letting typifies the active management style of the AEW UK REIT which buys assets in strong locations often with elements of shorter income or vacancy so that long term value can be created for its investors.”

Charlotte Reaney, Senior Surveyor for property agents, Lambert Smith Hampton comments “Genesis Care’s expansion into Orion House has helped to create a Healthcare hub at East Point, which we hope will attract more medical occupiers to site in the future. This will complement the already strong Medical, Science and Research centre that Oxford has become in the last few years.”

[bg23] 01/8/2018 13:43

I own both these and a little RGL, although not much of the latter.
happy to keep reinvesting the dividends for the next few years and watching.
these are part of my UK positive/ BREXIT schmexit trade

[chucko1] 30/7/2018 21:00

On both AEWU and NRR, with a covered 8% yield and excellent proven management, why try timing an entry. Jump in and be damned!! After all, you’re being well compensated for doing so.

[stemis] 30/7/2018 13:42

EPRA EPS cover of dividend is a positive milestone. I guess it's all down to how well they can now manage the portfolio when leases comes to an end/break relative to the rental increases they flagged on acquisition.

[spectoacc] 27/7/2018 12:31

.....until the next recession ;)

Edit - must admit I haven't made up my mind about NRR yet. Do like it, but think I'll get it cheaper later.

[a0002577] 27/7/2018 12:04

Every tine I have bought into this my buy has been marked a sell by ADVFN.

Looks very good value for a well managed company - compares with NRR which I also like. The approx 8% yields on both look sustainable.

[spectoacc] 27/7/2018 11:55

Could be; both L & U been suffered an overhang, despite NAV having risen & seemingly trading well.

[lord gnome] 27/7/2018 10:51

Some large trades went through just after 9.00am. Overhang cleared?

[lord gnome] 27/7/2018 08:35

A very reassuring update. Divi looks set firm and we are just starting to see some nav growth coming through. I like the fact that it is conservatively geared. Happy to hold. Those quarterly dividends come in handy as well.

[spectoacc] 27/7/2018 08:19

Not held for a while but bought back in based on discount/yield. They've wisely left wiggle room on future divi but good to see divi finally being covered by earnings, with some proceeds from last sale still to invest.

[eeza] 27/7/2018 07:50

Yes, everything seems to be on-track & reassuring.

[killing_time] 27/7/2018 07:48

Good rise in NAV should push the share price back up again.

[t-trader] 27/7/2018 07:44

Decent report, happy to hold with a good yield

[eeza] 27/7/2018 07:25

XD 9 Aug.
Pay 31 Aug = 2p.

[neilyb675] 27/7/2018 07:25

Nav up, divi maintained.

[eeza] 27/7/2018 07:13

NAV & Div RNS

"Highlights

· At 30 June, the fair value independent valuation of the property portfolio was £191.95 million (31 March 2018: £192.34 million), following the part sale of Pearl Assurance House, Nottingham, during the quarter. On a like-for-like basis the valuation of the property portfolio increased by £3.26 million (1.73%) over the quarter (31 March 2018: £0.74 million and 0.48%).
· NAV of £149.14 million or 98.40 pence per share (31 March 2018: £146.03 million or 96.36 pence per share).
· EPRA earnings per share ("EPRA EPS") for the quarter of 2.04 pence per share (31 March 2018: 1.76 pence per share), in line with the Company's target annual dividend of 8.00 pence per share. The increase in earnings compared with the prior quarter reflects a full quarter's income having been received from the five acquisitions made during the prior quarter.

· The Company today announces an interim dividend of 2.00 pence per share for the three months ended 30 June 2018.
· NAV total return of 4.28% and shareholder total return of 3.22% for the three months ended 30 June 2018.

· The Company remains conservatively geared with a gross loan to value ratio of 26.05% (31 March 2018: 26.00%).


· At 30 June 2018, the Company held £6.72 million cash for investment.

[stemis] 03/5/2018 19:49

I'm guessing they must be done now. I guess from here it's all about how well they can add value.

[a0002577] 27/4/2018 10:40

Quite a positive feel to the announcement this morning. Nice as I bought in for the first time yesterday. An interestingly different investment policy for a REIT -particularly their policy of buying sites that could eventually be turned into housing.

[wllmherk] 27/4/2018 07:24

Thanks eeza,

wllm

[eeza] 27/4/2018 07:17

From today's RNS

" NAV of £146.03 million or 96.36 pence per share (31 December 2017: £147.34 million or 97.21 pence per share). This decrease is largely due to purchase costs totalling £2.35 million relating to the acquisition of five properties during the quarter. Excluding purchase costs, the NAV would have increased by £1.04 million to £148.38 million or 97.91 pence per share.



· EPRA earnings per share ("EPRA EPS") for the quarter of 1.76 pence per share (two months to 31 December 2017: 1.09 pence per share).



· The Company today announces an interim dividend of 2.00 pence per share for the three months ended 31 March 2018. The dividend payment will be made on 31 May 2018 to shareholders on the register as at 11 May 2018. The ex-dividend date will be 10 May 2018.