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AEW UK REIT fully invested

By BFN News | 08:16 AM | Friday 25 August, 2017

AEW UK REIT is now fully invested, having used the total available loan facility and reinvested the proceeds from selling its remaining investment in the AEW UK Core Property Fund during the three months to the end of July. It said a fair value independent valuation of the property portfolio increased to £150.38 million (30 April 2017: £137.82 million), primarily as a result of three new acquisitions totalling £10.62 million. On a like-for-like basis the valuation of the property portfolio increased by £1.94 million (1.41%) (30 April 2017: £1.10 million and 0.85%) over the quarter. The company said the net asset value stood at £119.76 million or 96.86 pence per share at the end of July (30 April 2017: £118.68 million or 95.98 pence per share) and EPRA earnings per share for the period were 2.10 pence per share (30 April 2017: 1.84 pence per share). The company has declared an interim dividend of 2.0p per share. At 8:16am: (LON:AEWU) AEW UK REIT Plc share price was +0.01p at 102.38p Story provided by

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