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 costs of acquiring the portfolio (£3.75m in the period). administration expenses were £0.43m.
On 27 November 2015, the Group declared its first interim dividend of 1.50p, in respect of the period from inception of the Group to 31 October 2015 (this is included in the 97.09p NAV at the period end). There’s a 0.75p second interim dividend as well – to be paid from income generated since the end of October.
AEWU : AEW UK REIT asset value falls on acquisition expenses