AEW UK REIT (GB:AEWU) has released an update.
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AEW UK REIT plc reported a strong financial quarter with a notable increase in Net Asset Value (NAV) to £167.79 million, marking a 5.04% total return and a 2.41% like-for-like valuation increase. The company declared an interim dividend of 2.00 pence per share, continuing its 35-quarter streak of consistent payouts, supported by a quarter-on-quarter increase in earnings per share. Asset management initiatives have led to a growth in income and asset valuations, with the successful disposal of Oak Park, Droitwich, at a 33% premium to its previous valuation.
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