Register Log-in Investor Type

News

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 NAV total return (with dividends reinvested) for the six months was 3.9%.

Portfolio highlights

The group’s portfolio was valued at £171.36m across 34 properties, which was down from £189.3m in March 2020 following the sale of its largest asset for £18.68m.

Post period end it has acquired a warehouse asset in Weston-Super-Mare for £5.4m.

The portfolio’s vacancy rate was 4.9%, while the weighted average unexpired lease term (WAULT) was 4.99 years to break.

Rent collection figures for the quarters that have been affected by COVID-19 are as follows:

Q2 – received 93%, 4% on payment plans, 2% under negotiation, 1% outstanding.

Q3 – received 89%, 3% on payment plans, 4% under negotiation, 4% outstanding.

Q4 – received 72%, 15% on monthly payments expected to be paid during quarter, 4% on payment plans, 4% under negotiation, and 5% outstanding.

AEWU : AEW UK REIT posts 16.1% total return for six months

previous story | next story

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…