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AEW UK REIT
(LSE:AEWU)
Select Model
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Rating:70Outperform
Price Target:
114.00 p
▲(6.54% Upside)
Action:Reiterated
Date:06/29/26
The score is driven primarily by solid financial support from stable leverage and consistently positive cash generation, alongside an appealing valuation profile with a high dividend yield and reasonable P/E. Offsetting these positives are mixed technical signals (negative MACD and price below the 20-day average) and notable earnings/revenue volatility, which tempers confidence in near-term momentum and stability.
Positive Factors
Consistent cash generation
Consistently positive operating and free cash flow, with a notable acceleration in 2026, indicates durable internal cash generation to fund dividends, capex and debt service. Reliable cash flow mitigates earnings volatility and supports financial flexibility over a multi‑quarter horizon.
Negative Factors
Earnings and revenue volatility
Marked volatility in earnings and occasional negative net income weaken predictability of distributable earnings. For a REIT, swings in reported profit and revenue can translate into variable payout capacity and investor uncertainty about sustainable dividend levels across quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent cash generation
Consistently positive operating and free cash flow, with a notable acceleration in 2026, indicates durable internal cash generation to fund dividends, capex and debt service. Reliable cash flow mitigates earnings volatility and supports financial flexibility over a multi‑quarter horizon.
Read all positive factors
AEW UK REIT (AEWU) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£165.02M
Dividend Yield7.43%
Average Volume (3M)356.47K
Price to Earnings (P/E)16.7
Beta (1Y)0.62
Revenue Growth-3.39%
EPS Growth-59.21%
CountryUK
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.06
Shares Outstanding158,674,740
10 Day Avg. Volume288,377
30 Day Avg. Volume356,474
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)0.91
Price to Sales (P/S)6.84
P/FCF Ratio11.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.08
Revenue Forecast (FY)£18.90M
AEW UK REIT Business Overview & Revenue Model
Company Description
AEW UK REIT plc, identified on the LSE as AEWU.L, is committed to providing substantial total returns for its investors. The company achieves this by primarily channeling its investments into more modest commercial properties, typically those valu...
How the Company Makes Money
AEW UK REIT makes money primarily by generating rental income from tenants occupying its commercial property portfolio. This rental income (net of property operating costs such as maintenance, property management expenses, insurance, and irrecover...
AEW UK REIT Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
72
Positive
Cash Flow
78
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.95M | 31.30M | 24.34M | 20.72M | 19.91M |
| Gross Profit | 15.95M | 31.30M | 17.48M | 12.27M | 12.62M |
| EBITDA | 11.83M | 0.00 | 13.35M | -29.12M | 12.52M |
| Net Income | 9.93M | 24.34M | 9.05M | -11.32M | 46.70M |
Balance Sheet | |||||
| Total Assets | 239.97M | 241.45M | 232.41M | 233.77M | 252.31M |
| Cash, Cash Equivalents and Short-Term Investments | 15.17M | 25.99M | 11.40M | 14.31M | 6.77M |
| Total Debt | 60.07M | 59.96M | 59.85M | 59.74M | 53.94M |
| Total Liabilities | 68.01M | 67.01M | 69.66M | 66.67M | 61.21M |
| Stockholders Equity | 171.97M | 174.44M | 162.75M | 167.10M | 191.10M |
Cash Flow | |||||
| Free Cash Flow | 13.13M | 8.65M | 11.73M | 9.82M | 12.32M |
| Operating Cash Flow | 13.13M | 8.65M | 11.73M | 9.82M | 12.32M |
| Investing Cash Flow | -13.33M | 21.23M | -430.00K | 6.94M | -24.99M |
| Financing Cash Flow | -12.41M | -15.28M | -14.21M | -9.21M | 1.99M |
AEW UK REIT Technical Analysis
Negative
107.00
Price Trends
104.54
Negative
104.16
Negative
103.17
Positive
Market Momentum
-0.24
Positive
46.62
Neutral
34.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AEWU, the sentiment is Negative. The current price of 107 is above the 20-day moving average (MA) of 105.57, above the 50-day MA of 104.54, and above the 200-day MA of 103.17, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 46.62 is Neutral, neither overbought nor oversold. The STOCH value of 34.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:AEWU.
AEW UK REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £55.71M | 8.10 | 10.22% | 8.23% | 5.98% | 35.28% | |
70 Outperform | £165.02M | 16.71 | 7.33% | 7.43% | -3.39% | -59.21% | |
67 Neutral | £226.21M | 7.58 | 9.81% | 6.64% | 8.12% | 163.48% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
52 Neutral | £32.22M | -6.35 | 4.33% | 7.14% | ― | ― | |
51 Neutral | £55.08M | -65.63 | -0.96% | 5.02% | -13.04% | 64.44% | |
46 Neutral | £50.51M | -9.62 | -4.75% | 3.94% | 4.77% | -1540.79% |
* Real Estate Sector Average
GB:AEWU
AEW UK REIT
104.80
4.27
4.24%
GB:PCA
Palace Capital
165.00
-45.73
-21.70%
GB:RLE
Real Estate ate ate Investors
31.50
1.10
3.62%
GB:SREI
Schroder Real Estate ate ate Investment
45.85
-4.67
-9.24%
GB:TOWN
Town Centre Securities
120.00
-10.13
-7.79%
GB:AIRE
Alternative Income REIT Plc
69.60
1.21
1.77%
AEW UK REIT Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
AEW UK REIT Holds Dividend as Returns Outpace Property Benchmark Despite Softer Profits
Neutral
Jun 26, 2026
AEW UK REIT reported full-year results to 31 March 2026 showing a slight decline in net asset value to £171.97 million, or 108.38 pence per share, and a lower NAV total return of 5.69% versus the prior year, while maintaining its 8 pence per ...
Business Operations and Strategy
AEW UK REIT Buys Interest Rate Cap to Manage 2027 Refinancing Risk
Positive
Jun 3, 2026
AEW UK REIT plc has purchased an interest rate cap to manage refinancing risk ahead of the July 2027 expiry of its fixed‑rate debt facility with AgFe. The cap, which runs from July 2027 to July 2030, covers £30 million of borrowings, or...
Business Operations and StrategyM&A Transactions
AEW UK REIT Drops Potential Bid for Alternative Income REIT After Due Diligence
Negative
Apr 21, 2026
AEW UK REIT has confirmed it will not proceed with a firm offer for fellow listed vehicle Alternative Income REIT after due diligence revealed that agreement on certain key terms could not be reached, despite early-stage indicative heads of terms....
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
AEW UK REIT Posts Steady NAV, Keeps High Dividend and Mulls AIRE Bid
Positive
Apr 20, 2026
AEW UK REIT reported an unaudited net asset value of £171.97 million, or 108.38p per share, at 31 March 2026, with a quarterly NAV total return of 0.96% and a like-for-like portfolio valuation increase of 0.05%, marking valuation growth in 12...
Business Operations and StrategyFinancial Disclosures
AEW UK REIT Schedules Live Investor Update on Q1 2026 Performance
Neutral
Apr 17, 2026
AEW UK REIT plc will host a live investor presentation covering the three-month period to 31 March 2026 via the Investor Meet Company platform on 22 April 2026, led by portfolio manager Laura Elkin and assistant portfolio manager and lead asset ma...
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
AEW UK REIT Holds Dividend Line as Portfolio Edges Up and Eyes AIRE Bid
Positive
Apr 17, 2026
AEW UK REIT reported an unaudited net asset value of £171.97 million, or 108.38 pence per share, as at 31 March 2026, with a 0.96% NAV total return for the quarter and a modest 0.05% like-for-like portfolio valuation increase, driven mainly b...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.