Overview
The objective of AEW UK REIT is to deliver an attractive total return to Shareholders from investing predominately in a portfolio of smaller commercial properties in the United Kingdom. AEW UK REIT will invest in freehold and leasehold properties across the whole spectrum of the commercial property sector (office properties, retail warehouses, high street retail and industrial/warehouse properties) to achieve a balanced portfolio with a diversified tenant base. The Company intends to acquire smaller commercial properties.
The Company currently intends to exploit what is believes to be the compelling relative value opportunities offered by pricing inefficiencies in smaller commercial properties let on shorter occupational leases. The Company intends to supplement this core strategy with asset management initiatives to upgrade buildings and thereby improve the quality of income streams. The Company also intends to invest up to a maximum of 10% of its Net Asset Value in the AEW UK Core Property Fund.
Research History
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11 Feb 2021 9 min read
QuotedData’s Real Estate Roundup – February 2021
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data January’s biggest movers in price terms are shown in the chart below. The UK’s vaccination programme has lifted optimism for a speedier opening of the economy than first feared at the start of the year. Property companies that reported positive valuation figures for the […]
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17 Dec 2020 16 min read
QuotedData’s Real Estate Roundup – December 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data November’s biggest movers in price terms are shown in the chart below. The eagerly awaited news of a successful vaccine candidate came at the start of November, boosting the stock market. Property companies that had seen their share price battered over the past eight […]
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12 Nov 2020 12 min read
QuotedData’s Real Estate Roundup – November 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data October’s biggest movers in price terms are shown in the chart below. October finished with the threat of a second lockdown looming over the UK as COVID-19 cases continued to rise. However, this did not dampen demand for shares in some of the companies […]
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16 Oct 2020 11 min read
QuotedData’s Real Estate Quarterly Review – Q3 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Toughing it out It has been another challenging quarter for the real estate sector as the COVID-19 pandemic continues to take its toll. The economy bounced back in the early part of the quarter after the national lockdown was lifted, while government schemes such as […]
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13 Aug 2020 12 min read
QuotedData’s Real Estate Monthly Roundup – August 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data July’s biggest movers in price terms are shown in the chart below. A number of REITs and property companies saw big share price gains over the month of July as covid-19 restrictions started to ease across the UK and greater economic stimulus was revealed. […]
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10 Aug 2020 10 min read
QuotedData’s Investment Companies Roundup – August 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over July: Seneca Global Income & Growth – […]
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07 Jul 2020 16 min read
QuotedData’s Real Estate Roundup – July 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data June’s biggest movers in price terms are shown in the chart below. Uncertainty caused by the covid-19 pandemic continued to weigh on property stocks in June and we had the first real casualty in Intu Properties, which collapsed into administration. A number of companies […]
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07 May 2020 15 min read
QuotedData’s Real Estate Roundup – May 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data April’s biggest movers in price terms are shown in the chart below. Following two months of heavy falls as the covid-19 pandemic took hold and the UK was put on lockdown, many property companies saw a bounce in their share price in April, although […]
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20 Apr 2020 10 min read
QuotedData’s Real Estate Quarterly Roundup – First Quarter 2020
Real Estate Quarterly Roundup Kindly sponsored by Aberdeen Standard Investments Covid chaos The covid-19 pandemic has had a devastating effect on the share price of property companies, with 31% wiped off the value of their total market capitalisation during the first quarter of 2020. Companies focused on the retail, leisure and hospitality property sectors were […]
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10 Mar 2020 16 min read
QuotedData’s Real Estate Roundup – March 2020
Real Estate Roundup Kindly sponsored by Aberdeen Standard Investments Performance data February’s biggest movers in price terms are shown in the chart below. Property stocks tumbled in February as fears over the spread of Covid-19 spooked financial markets around the world and resulted in the largest sell-off since the 2008 financial crisis. There were just […]
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07 Feb 2020 12 min read
QuotedData’s Real Estate Roundup – February 2020
Real Estate Roundup Performance data January’s biggest movers in price terms are shown in the chart below. The sluggish start to the year for listed property companies is hardly surprising given they were coming off a high base after the “Boris-bounce” following the general election in December. Topping the list was Triple Point Social Housing […]
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10 Dec 2019 21 min read
QuotedData’s Real Estate Roundup – December 2019
Real Estate Roundup Performance data November’s biggest movers in price terms are shown in the chart below. November saw a host of companies report interim and full year results with varying outcomes. CLS Holdings, which owns a diverse portfolio split between the UK, Germany and France, gave a positive trading update that outlined its capital […]
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12 Nov 2019 7 min read
QuotedData’s investment companies roundup – November 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over October, we published notes on Pacific Horizon, Seneca Global Income & Growth, Premier Global Infrastructure, Polar Capital Global Financials, Ecofin Global Utilities and Infrastructure, Aberdeen Standard European Logistics Income and Herald. Additionally, as part of our enhanced coverage of the property sector, we launched […]
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29 Mar 2019 1 min read
Premier Global Infrastructure Trust – Quick out of the blocks in 2019
With a cloud hanging over emerging markets, and adverse sentiment overriding strong micro-economic fundamentals, Premier Global Infrastructure Trust (PGIT) had a testing 2018. However, it has made an excellent start in 2019. In the first two months of the year, aided by the gearing provided by its zero dividend preference shares, PGIT has made 20.6% […]
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19 Dec 2018 2 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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11 Jul 2018 2 min read
QuotedData’s Economic round up – July 2018
QuotedData’s Economic round up – July 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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10 Nov 2017 2 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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12 Oct 2017 1 min read
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
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03 Aug 2017 3 min read
QuotedData’s economic round up – August 2017
QuotedData’s economic round up – August 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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16 May 2017 2 min read
Drum Income Plus REIT – Delivering on promises
Drum Income Plus REIT – Delivering on promises. Marten & Co published an update note on Drum Income Plus REIT (DRIP), a company in the UK property sector DRUM Income Plus REIT focuses on acquiring properties overlooked by large institutional and overseas buyers (smaller lot sizes, multi-let). It provided an NAV total return of 2.4% in Q1 2017 […]
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2 min read
Drum Income Plus REIT – Delivering on promises
QuotedData is publishing a new update note on a company in the UK property sector: Drum Income Plus REIT – Delivering on promises DRUM Income Plus REIT (DRIP) focuses on acquiring properties overlooked by large institutional and overseas buyers (smaller lot sizes, multi-let). It provided an NAV total return of 2.4% in Q1 2017 (1.6% […]
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27 Oct 2016 1 min read
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
News
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25 Jan 2021 2 min read
NAV notches up at AEW UK REIT
AEW UK REIT reports a 3.2% increase in net asset value (NAV) in the quarter to the end of December 2020. The value of the group’s portfolio notched up 3.4% to £182.65m, which was behind the rise in NAV from 92.73p to 95.87p. The company maintained its dividend for the quarter of 2p per share, […]
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15 Jan 2021 2 min read
QD view – Don’t discount the property generalists
A host of rent collection figures for the first quarter of 2021 have been announced by property companies and, once again, it is the logistics-focused companies leading the way. It is not that surprising given the well-documented rise in online retailing and the positive impact on demand for logistics space, but it does underline the strength of […]
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18 Dec 2020 2 min read
AEW UK REIT sells Sandford House, Solihull for £10.5m
AEW UK REIT (AEWU) has announced that it has unconditionally exchanged contracts to sell Sandford House, Homer Road, Solihull for £10.5 million. The sale is due to complete on 1 February 2021 and the Company will receive income from the asset until this date. Subsequent to this, the Investment Manager intends to reinvest sale proceeds on behalf […]
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18 Nov 2020 1 min read
AEW UK REIT posts 16.1% total return for six months
AEW UK REIT reported share price total return for the six months to the end of September of 16.1%. The group, which owns a diverse property portfolio, posted a net asset value of 92.73p per share (down slightly from 93.13p on March 2020). It paid dividends during the period of 4p per share, meaning its […]
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10 Nov 2020 1 min read
AEW UK REIT acquire industrial estate
AEW UK REIT has acquired a multi-let industrial estate, which increases its exposure to the sector to 54.3%. The company has bought Westlands Distribution Park in Weston Super Mare for £5.4m, using the proceeds from the sale of its largest asset earlier this year. The purchase price reflects a net initial yield of 6.4%, which […]
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22 Oct 2020 2 min read
AEW UK REIT upbeat despite small NAV hit
AEW UK REIT upbeat despite small NAV hit – over the three months ending 30 September 2020, AEW UK REIT’s NAV fell from 93.37p to 92.73p and its EPRA earnings per share fell from 1.81p in the previous quarter to 1.60p. That still works out as a positive NAV total return figure of 1.46%, however. […]
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09 Sep 2020 2 min read
AEW UK REIT provides rent collection update
AEW UK REIT said it expects to collect 87% of rent by the end of the current quarter. The company, which owns a diversified portfolio of 34 regional UK commercial property assets, set out the following rent collection figures for the quarter commencing 24 June 2020 (as at 7 September): Received – 85% Payment expected prior […]
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23 Jul 2020 2 min read
AEW UK REIT maintains dividend and sees NAV rise
AEW UK REIT has declared a dividend for the quarter to the end of June of 2p in line with its targeted annual dividend of 8p. The group has seen EPRA earnings per share for the quarter fall to 1.81p (March 2020: 2.12p) as rent collection figures fell slightly, but has decided to maintain its […]
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10 Jul 2020 2 min read
Where are the property bargains?
With so many REIT’s having de-rated heavily, sifting out the companies that were swept along in the coronavirus slump and left with unmerited discounts is fraught with danger. We have seen industrial and logistics specialists bounce back strongly due to a lockdown acceleration in the sector’s fundamentals, namely ecommerce penetration rates. However, more generalist companies that […]
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23 Jun 2020 1 min read
AEW UK REIT posts 5.6% fall in NAV
AEW UK REIT has posted a 5.6% fall in net asset value (NAV) per share in full year results to March 2020. NAV fell to 93.13p per share, from 98.61p last year. The decrease was driven by a 4.2% fall in its property portfolio to £189.3m (2019: 197.61m) due to material uncertainty caused by covid-19. […]
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26 May 2020 3 min read
AEW UK REIT sells car park and updates on covid-19
AEW UK REIT has sold its largest asset for £18.8m. The car park asset at Geddington Road, Corby, was acquired in February 2018 for £12.4m and is fully let to Gefco UK for just over one year. AEW UK said it had not invested any capital expenditure in the asset during its hold period, which has […]
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26 Feb 2020 2 min read
QuotedData’s other news 26 February 2020
In QuotedData’s other news 26 February 2020 – Foresight Solar (FSFL) said that following an internal restructuring at Foresight Group, Foresight Group LLP has replaced Foresight Group CI as investment manager to FSFL. The material terms and fees contained in the new management agreement are the same as in the previous agreement with Foresight CI while […]
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19 Feb 2020 2 min read
QuotedData’s other news 19 February 2020
In QuotedData’s other news 19 February 2020 JPMorgan Japan Smaller (JPS) is cutting its management fee – from 1st April 2020, the fee will be charged at 1% on the NAV up to £150m and 0.75% (previously 0.80%) thereafter. Additionally, the £200,000 a year company secretarial fee will be removed from the same date. This is estimated […]
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16 Jan 2020 3 min read
AEW UK REIT posts marginal fall in NAV
AEW UK REIT posted a marginal fall in its net asset value (NAV) for the three months to the end of December 2019 The company, which owns a diversified portfolio of 35 regional UK commercial property assets, reported NAV of 97.24p per share for the quarter, a decrease of 0.1% on September’s NAV of 97.36p per share. The […]
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09 Oct 2019 1 min read
QuotedData’s other news 9 October 2019
In QuotedData’s other news 9 October 2019 AEW UK REIT has a loan from The Royal Bank of Scotland. It has just negotiated changes to the covenants on this loan that permit the company’s borrowings to rise to 55% (loan to NAV), from 45% previously. The announcement stresses that the company has no plans to increase […]
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24 Jun 2019 3 min read
AEW UK REIT achieves 8p income target
AEW UK REIT (AEWU) has announced its annual results for the year ended 31 March 2019, during which it achieved its target income returns of 8p per share. Dividends were fully covered by EPRA EPS of 8.07 pps. Mark says that this reflects the high yielding nature of the portfolio. . The chairman, Mark Burton, […]
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26 Apr 2019 2 min read
QuotedData’s other news 26 April 2019
Gresham House Energy Storage has announced that it believes it will be fully invested by the end of the year. It is seeking to issue up to 75m new shares via a placing. Cantor Fitzgerald are running this, the closing date is 3pm on 24 May, the price is 101p – a premium to NAV […]
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18 Feb 2019 2 min read
AEW UK REIT acquires Lockwood Court Warehouse, Leeds, for £7.3m
AEW UK REIT(AEW) has announced that it has acquired Lockwood Court, a 187,794 square foot warehouse located on the Parkside Industrial Estate in Leeds, for a gross purchase price of £7.3m, reflecting a initial yield of 7.7%. About Lockwood Court The Lockwood Court warehouse asset is fully let to LWS Yorkshire Ltd, a logistics and […]
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26 Mar 2018 2 min read
AEW UK REIT buys Dagenham leisure park
AEW UK REIT buys Dagenham leisure park – AEW UK REIT has acquired the eastern section of London East Leisure Park, Cook Road, Dagenham and an industrial unit let to Plastipak UK Limited on Gresford Industrial Estate, Wrexham for a combined price of GBP22.5m. Dagenham Leisure Park London East Leisure Park is a purpose built leisure […]
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09 Feb 2018 1 min read
AEW UK REIT buys Wakefield business park
AEW UK REIT buys Wakefield business park – AEW UK REIT has announced the acquisition of Diamond Business Park in Wakefield for GBP4.2m. The 201,543 sq ft multi-let property has a Net Initial Yield of 11.5% and comprises an industrial and office element. On the industrial side, there are 13 units totalling 172,584 sq ft leased […]
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03 Nov 2017 2 min read
AEW UK REIT buys Portsmouth retail property
AEW UK REIT buys Portsmouth retail property – AEW UK REIT has announced the acquisition of 208-220 Commercial Road and 7-13 Crasswell Street, Portsmouth for GBP6.4m. The asset provides a net initial yield of 9.6% and is fully let to seven retail tenants and one office tenant providing a WAULT of 4 years to expiry. The […]
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31 Oct 2017 2 min read
AEW Long Lease buys St Helens industrial estate
AEW Long Lease buys St Helens industrial estate – AEW UK Long Lease REIT has bought Pocket Nook Industrial Estate, St Helens for GBP9.0m reflecting a net initial yield of 5.4%. The 16.1 acre site is let to three tenants and provides a weighted average unexpired lease term of 66 years to expiry, with 49% […]
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16 Oct 2017 2 min read
AEW UK Long Lease buys Wandsworth gym
AEW UK Long Lease buys Wandsworth gym – AEW UK Long Lease REIT has completed the acquisition of 212 Wandsworth Road, London for GBP4.4m. The property, which is fully let to Pure Gym Limited at a low passing rent of GBP11.60 per sq ft, provides an unexpired lease term of 10.2 years to break and […]
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12 Jul 2017 2 min read
AEW UK Long Lease REIT invests £24m
AEW UK Long Lease REIT invests £24m – AEW UK Long Lease REIT has four properties under offer across a range of property sectors. The combined value of the assets is GBP24m and represents over 30% of the net proceeds raised at the Company’s successful IPO on 6 June 2017. The properties are in line […]
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10 Jul 2017 5 min read
AEW UK REIT says Brexit impact still unknown
AEW UK REIT has published its Annual Report and Financial Statements for the year ended 30 April 2017. Highlights: Net Asset Value of £118.67m or 95.98p per share as at 30 April 2017 (2016: £116.38m and 99.03p). Operating profit before fair value changes and disposals of £9.81m for the year ended 30 April 2017 (2016: £6.31m). […]
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08 May 2017 2 min read
AEW UK REIT buys industrial assets in Basildon and Runcorn
AEW UK REIT has announced the acquisition of industrial assets in Basildon, Essex and Runcorn, Cheshire, for a total of c GBP2.6 million. Basildon comprises a 33,000 sq ft single-let industrial building located on the established Pipps Hill Industrial Estate, just off the A127, approximately five miles from Junction 29 of the M25. The purchase […]
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07 Feb 2017 1 min read
All trust sectors bar one made money in ’16
UK Smaller Companies was the only investment sector to lose money in 2016 despite a turbulent political and economic landscape, new research has revealed. See more here
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09 Dec 2016 2 min read
AEW UK REIT sees modest recovery in valuations in Q3 2016
AEW UK REIT has published interim results covering the period from 1 May 2016 to 31 October 2016. Under European Public Real Estate Association (‘EPRA’) methodology, earnings per share for the period was 3.81 pence and the NAV per share at 31 October 2016 was 95.47p, down from 98.97p. During the period, they paid an […]
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15 Nov 2016 1 min read
UIL, Industrial Multi Property Third Quarter Winners – QuotedData
LONDON (Alliance News) – The best performer in both price and net asset value terms in the third quarter was UIL Ltd, boosted by its largest investment, Australian-listed Resolute Mining Ltd, which benefited from a strong gold price. Industrial Multi Property Trust PLC and Kubera-Cross Border Fund Ltd both saw recoveries in their share price […]
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19 Aug 2016 1 min read
Property exposure through closed-ended funds
Advisers could consider using investment trusts for their clients’ property exposure. read more here
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11 Jul 2016 2 min read
AEW UK REIT publishes first accounts
AEW UK REIT has published its first set of accounts covering the period from 1 April 2015 to 30 April 2016. The net asset value was GBP116.38 million or 99.03 pence per share as at 30 April 2016. Total dividends of 5.5 pence per share have been declared for the period from the IPO to 30 April 2016. […]
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31 May 2016 2 min read
AEW UK REIT now fully invested
The Board of AEW UK REIT has announced the acquisition of two mixed use assets in Nottingham and Blackpool for a total of GBP13.2m, net of acquisition costs. With these two acquisitions the Company has now fully invested its equity capital and is geared to 20% of Gross Asset Value, in line with its investment […]
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20 Jan 2016 1 min read
AEW UK REIT buys Walsall warehouse
The Board of AEW UK REIT has announced the acquisition of a multi let industrial warehouse located in Brockhurst Crescent, Walsall, West Midlands, an established commercial area located two miles from Junction 9 of M6. Comprising approximately 142,106 sq ft, the property is fully let to Tata Steel UK and Micheldever Tyre Services providing a […]
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15 Dec 2015 1 min read
AEW UK REIT asset value falls on acquisition expenses
AEW UK REIT has announced interim results for the six months ended 31 October 2015. The property portfolio rose in value by 1.55% over the period. Adjusted earnings per share were 1.68p. The net asset value fell from 98.03 after the IPO to 97.09p at end October – most of the fall relates to the […]
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14 Dec 2015 2 min read
AEW shopping spree continues
AEW UK REIT’s shopping spree continues with the purchase of three more properties for £12.2m. The first comprises a prominent 49,764 sq ft town centre leisure investment in Southend-on-Sea, let to Odeon Cinemas Limited with a WAULT of approximately 7 years to expiry. The property was acquired for GBP5.7m (net of acquisition costs) reflecting a […]
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09 Nov 2015 1 min read
AEW UK REIT secures debt facility
AEW UK REIT has announced that it has secured a £40m 5 year term loan facility with RBS International. AEW UK REIT has approximately £81m invested. It will use the Facility to continue its investment process once net IPO proceeds have been fully invested and to provide gearing of up to 20% loan to Net Asset […]
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16 Oct 2015 1 min read
AEW UK REIT adds two properties
AEW UK REIT is spending £8.79m on two acquisitions: Barnstaple Retail Park was acquired for £6.79m reflecting a net initial yield and reversionary yield of 8.5%. It comprises a fully let retail warehouse scheme, extending to 50,950 sq ft. The Park is anchored by a 35,690 sq ft B&Q and includes a 9,605 sq ft […]
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15 Sep 2015 1 min read
AEW UK REIT invests in Sheffield
AEW UK REIT has announced the completion of a further acquisition for £5.3m (net of acquisition costs) of 1-15 Fargate & 18-36 Chapel Walk, Sheffield. The two properties provides a total of 40,128sq ft with 8 retail units spread over basement, ground and first floors. Two of the retail units front onto the pedestrianised Fargate Street with six […]
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14 Aug 2015 1 min read
AEW UK REIT’s purchases 225 Bath Street in Glasgow for £12.2m
AEW UK REIT, which listed on the LSE in May raising £100.5m, has announced the purchase of its fifth property for £12.2m. 225 Bath Street in Glasgow (pictured) has 87k square feet of office space, over seven floors and is currently fully let to six tenants. The purchase brings total capital invested to £52m. The purchase price reflects a […]
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07 Aug 2015 1 min read
AEW UK REIT buys retail park
AEW UK REIT is spending £7.15m to buy Valley Retail Park. Valley Retail Park, Newtownabbey is located on the northern side of Belfast with good accessibility to the M2, M5 and A2. The site extends to circa 7 acres and the scheme provides 100,413 sq ft arranged over 7 modern purpose built retail warehouse units […]
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24 Jul 2015 1 min read
Athelney lags small cap. indices
Athelney Trust’s interim figures show its NAV total return was 6.4% over the six months ended 30 June 2015, behind returns on small cap indices with the FTSE Smaller Companies, Fledgling and Aim All-share being up by 7.1, 15.6 and 8.2 per cent respectively There is much musing on the economy in the report – […]
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20 Jul 2015 1 min read
Investment trusts see largest ever new issue
QuotedData reports that the investment trust sector expanded by about GBP2.4 billion over the second quarter of 2015, taking in close to GBP2.9 billion and handing back just over GBP450 million. The firm comments that many of the funds raising money are not designed to throw off high levels of income, suggesting that investors are […]
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09 Jul 2015 1 min read
AEW UK REIT expands with two new purchases
AEW UK REIT has made two further acquisitions for £14.65m. Sandford House, located in Solihull town centre, provides 34,418sq ft of offices with parking for 130 vehicles. It was acquired for £5.4m. The property is fully let to the UK Borders Agency with a tenant break option in just under 2 years. The purchase price reflects a […]
