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AEW UK REIT

BATS-CHIXE:AEWUL
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AEWUL
BATS-CHIXE
£105M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

AEW UK REIT plc (the 'Company') is a closed ended Real Estate Investment Trust ('REIT') incorporated on 1 April 2015 and domiciled in the UK. The last earnings update was 130 days ago. More info.


Add to Portfolio Compare Print
  • AEW UK REIT has significant price volatility in the past 3 months.
AEWUL Share Price and Events
7 Day Returns
0%
BATS-CHIXE:AEWUL
-4.1%
GB REITs
-2.4%
GB Market
1 Year Returns
-
BATS-CHIXE:AEWUL
-24.4%
GB REITs
-25.9%
GB Market
AEWUL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AEW UK REIT (AEWUL) 0% -36.9% -43.5% - - -
GB REITs -4.1% -23.8% -31.5% -24.4% -23.4% -29.9%
GB Market -2.4% -18% -29.1% -25.9% -26.6% -26.1%
1 Year Return vs Industry and Market
  • No trading data on AEWUL.
  • No trading data on AEWUL.
Price Volatility
AEWUL
Industry
5yr Volatility vs Market

AEWUL Value

 Is AEW UK REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AEW UK REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AEW UK REIT.

BATS-CHIXE:AEWUL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:AEWUL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.45
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.454 (1 + (1- 19%) (47.63%))
0.751
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.8 * 6.07%)
5.39%

Discounted Cash Flow Calculation for BATS-CHIXE:AEWUL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AEW UK REIT is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BATS-CHIXE:AEWUL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 5.39%)
2020 15.32 Est @ 13.24% 14.53
2021 16.76 Est @ 9.43% 15.09
2022 17.89 Est @ 6.76% 15.29
2023 18.77 Est @ 4.89% 15.22
2024 19.44 Est @ 3.58% 14.96
2025 19.96 Est @ 2.67% 14.57
2026 20.36 Est @ 2.03% 14.11
2027 20.69 Est @ 1.58% 13.60
2028 20.95 Est @ 1.26% 13.06
2029 21.17 Est @ 1.04% 12.53
Present value of next 10 years cash flows £142.00
BATS-CHIXE:AEWUL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £21.17 × (1 + 0.53%) ÷ (5.39% – 0.53%)
£438.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £438.17 ÷ (1 + 5.39%)10
£259.31
BATS-CHIXE:AEWUL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £142.00 + £259.31
£401.31
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £401.31 / 158.77
£2.1
BATS-CHIXE:AEWUL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:AEWUL represents 0.83088x of LSE:AEWU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.83088x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 2.10 x 0.83088
£1.74
Value per share (GBP) From above. £1.74
Current discount Discount to share price of £0.57
= -1 x (£0.57 - £1.74) / £1.74
67.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price AEW UK REIT is available for.
Intrinsic value
>50%
Share price is £0.57 vs Future cash flow value of £1.74
Current Discount Checks
For AEW UK REIT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AEW UK REIT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AEW UK REIT's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AEW UK REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AEW UK REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:AEWUL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GBP £0.05
LSE:AEWU Share Price ** LSE (2020-03-20) in GBP £0.68
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 12.58x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AEW UK REIT.

BATS-CHIXE:AEWUL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:AEWU Share Price ÷ EPS (both in GBP)

= 0.68 ÷ 0.05

12.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AEW UK REIT is overvalued based on earnings compared to the GB REITs industry average.
  • AEW UK REIT is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does AEW UK REIT's expected growth come at a high price?
Raw Data
BATS-CHIXE:AEWUL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 0.67x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AEW UK REIT, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AEW UK REIT's assets?
Raw Data
BATS-CHIXE:AEWUL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GBP £0.97
LSE:AEWU Share Price * LSE (2020-03-20) in GBP £0.68
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 54 Publicly-Listed REITs Companies 0.73x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.06x
BATS-CHIXE:AEWUL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:AEWU Share Price ÷ Book Value per Share (both in GBP)

= 0.68 ÷ 0.97

0.7x

* Primary Listing of AEW UK REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AEW UK REIT is good value based on assets compared to the GB REITs industry average.
X
Value checks
We assess AEW UK REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. AEW UK REIT has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AEWUL Future Performance

 How is AEW UK REIT expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.4%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is AEW UK REIT expected to grow at an attractive rate?
  • Unable to compare AEW UK REIT's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare AEW UK REIT's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • AEW UK REIT's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:AEWUL Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:AEWUL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -0.4%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 25.9%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:AEWUL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:AEWUL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 17 1
2021-03-31 17 1
2020-04-06
2020-03-31 17 1
BATS-CHIXE:AEWUL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-09-30 18 14 8
2019-06-30 17 13 12
2019-03-31 17 13 16
2018-03-31 13 9 11
2017-10-31 13 9 13
2017-07-31 13 9 9
2017-04-30 13 9 6
2016-10-31 12 10 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if AEW UK REIT is high growth as no earnings estimate data is available.
  • AEW UK REIT's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:AEWUL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from AEW UK REIT Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:AEWUL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31
2020-04-06
2020-03-31
BATS-CHIXE:AEWUL Past Financials Data
Date (Data in GBP Millions) EPS *
2019-09-30 0.05
2019-06-30 0.08
2019-03-31 0.10
2018-03-31 0.08
2017-10-31 0.10
2017-07-31 0.08
2017-04-30 0.05
2016-10-31 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if AEW UK REIT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AEW UK REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AEW UK REIT has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AEWUL Past Performance

  How has AEW UK REIT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AEW UK REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AEW UK REIT has delivered over 20% year on year earnings growth in the past 5 years.
  • AEW UK REIT's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • AEW UK REIT's 1-year earnings growth is negative, it can't be compared to the GB REITs industry average.
Earnings and Revenue History
AEW UK REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AEW UK REIT Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:AEWUL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 17.50 8.03 0.12
2019-06-30 17.34 11.78 0.12
2019-03-31 17.18 15.54 0.12
2018-03-31 13.45 10.71 0.09
2017-10-31 13.20 12.60 0.10
2017-07-31 13.14 9.35 0.09
2017-04-30 13.08 6.10 0.07
2016-10-31 11.81 5.76 0.87
2016-07-31 9.52 5.02 0.70
2016-04-30 7.24 4.28 0.53

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AEW UK REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AEW UK REIT used its assets less efficiently than the GB REITs industry average last year based on Return on Assets.
  • AEW UK REIT has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AEW UK REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AEW UK REIT has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AEWUL Health

 How is AEW UK REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AEW UK REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AEW UK REIT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AEW UK REIT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AEW UK REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AEW UK REIT Company Filings, last reported 6 months ago.

BATS-CHIXE:AEWUL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 147.55 49.53 2.07
2019-06-30 147.55 49.53 2.07
2019-03-31 149.46 49.48 2.29
2018-03-31 146.03 49.64 4.74
2017-10-31 148.22 32.26 34.56
2017-07-31 148.22 32.26 34.56
2017-04-30 118.67 28.74 3.68
2016-10-31 118.05 26.20 10.16
2016-07-31 118.05 26.20 10.16
2016-04-30 116.38 14.25 8.04
  • AEW UK REIT's level of debt (33.6%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if AEW UK REIT's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (27.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.3x coverage).
X
Financial health checks
We assess AEW UK REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AEW UK REIT has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AEWUL Dividends

 What is AEW UK REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
11.76%
Current annual income from AEW UK REIT dividends. Estimated to be 11.76% next year.
If you bought £2,000 of AEW UK REIT shares you are expected to receive £235 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AEW UK REIT's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.66%).
  • AEW UK REIT's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.4%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:AEWUL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 587 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:AEWUL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.08 1.00
2021-03-31 0.08 1.00
2020-04-06
2020-03-31 0.08 1.00
BATS-CHIXE:AEWUL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-11-28 0.080 9.077
2019-06-24 0.080 8.517
2018-10-22 0.080 8.620
2018-07-27 0.080 8.426
2018-04-27 0.080 8.186
2017-12-01 0.080 8.117
2017-08-25 0.080 7.879
2017-05-30 0.080 7.804
2017-02-28 0.080 8.021
2016-12-09 0.080 8.379
2016-08-15 0.060 6.145
2016-05-31 0.055 5.723
2016-02-29 0.080 8.252
2015-12-15 0.015 1.520
2015-11-27 0.060 5.911

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AEW UK REIT has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but AEW UK REIT only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of AEW UK REIT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1x coverage).
X
Income/ dividend checks
We assess AEW UK REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AEW UK REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AEW UK REIT has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AEWUL Management

 What is the CEO of AEW UK REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Tanner
AGE 57
CEO Bio

Mr. Richard Charles Tanner serves as Managing Director at AEW UK REIT plc. Mr. Tanner serves as the Managing Director of Arbuthnot RealEstate Investment Management and joined it in May, 2010. Mr. Tanner serves as Managing Director and Head of Investment Strategy at AEW UK. He serves as Fund Manager at AEW UK Core Property fund. Previously, he served as the Managing Director for UK Real Estate at UBS Global Asset Management (UK) Limited and at UBS Life Triton Property Fund. He had responsibility for three property funds and overseeing investment strategy. Previously, Mr. Tanner was employed at Dillon Read Capital Management (UK) Ltd. He holds BSc (Hons) from University of London and M.Phil from Reading University. He is a Chartered Surveyor (MRICS).

CEO Compensation
  • Insufficient data for Richard to compare compensation growth.
  • Insufficient data for Richard to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Richard Tanner

TITLE
MD and Head of Investment Strategy & principal
AGE
57

Louise Staniforth

TITLE
Head of Operations & Risk Management
AGE
45
TENURE
1.3 yrs

Nick Winsley

TITLE
MD & Head of Investments

Rachel McIsaac

TITLE
Asset Management Managing Director

Jon Saxton

TITLE
Head of Fund Operations

Rob Wilkinson

TITLE
European Chief Executive Officer of AEW Europe
AGE
46

Alex Short

TITLE
Portfolio Manager

Laura Elkin

TITLE
Assistant Portfolio Manager

Ian Mason

TITLE
Portfolio Manager

Charles Royle

TITLE
Director
Board of Directors

Mark Burton

TITLE
Independent Non-Executive Chairman
COMPENSATION
£33K
AGE
70

Bim Sandhu

TITLE
Independent Non-Executive Director
COMPENSATION
£30K
AGE
57
TENURE
5 yrs

Katrina Hart

TITLE
Independent Non-Executive Director
COMPENSATION
£26K
AGE
44
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
09. Oct 19 Buy Bimaljit Sandhu Individual 09. Oct 19 09. Oct 19 75,000 £0.91 £68,250
15. Apr 19 Buy Bimaljit Sandhu Individual 12. Apr 19 12. Apr 19 100,000 £0.91 £90,730
X
Management checks
We assess AEW UK REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AEW UK REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AEWUL News

Simply Wall St News

AEWUL Company Info

Description

AEW UK REIT plc (the 'Company') is a closed ended Real Estate Investment Trust ('REIT') incorporated on 1 April 2015 and domiciled in the UK.

Details
Name: AEW UK REIT plc
AEWUL
Exchange: BATS-CHIXE
Founded: 2015
£105,426,431
158,774,746
Website: http://www.aewukreit.com
Address: AEW UK REIT plc
65 Gresham Street,
6th Floor,
London,
EC2V 7NQ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE AEWU Ordinary Shares London Stock Exchange GB GBP 12. May 2015
BATS-CHIXE AEWUL Ordinary Shares BATS 'Chi-X Europe' GB GBP 12. May 2015
Number of employees
Current staff
Staff numbers
0
AEW UK REIT employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 20:12
End of day share price update: 2020/03/20 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2019/11/28
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.