Business
Annual Financial Report
Annual Financial Report.
About this update from Aew Uk Reit Plc
[{"type":"text","content":"\n\n27 June 2025\n \nAEW UK REIT plc\n \nAnnouncement of Full Year Results for the year ended 31 March 2025\n \nRobin Archibald, Chairman of AEW UK REIT plc, commented:\n\"We are very pleased with the strong performance across the portfolio, which evidences the effectiveness of the Company's active and sector-agnostic strategy and its ability to enhance shareholder value through active management. As the Company passes its 10-year milestone, AEW's industry-leading returns have enabled the Manager to pay a covered dividend of 8 pence per share this year, which it has now been paid for the ninth consecutive full year since inception.\nAEW is enthusiastic about the current opportunities in the UK market and believes that now is an excellent time to deploy capital. Given this, the Board and the Manager will look to exploit these to appropriately scale the strategy, including the issuance of equity, should this be in the existing shareholders' interests.\"\n \nFinancial Highlights\n· Net Asset Value ('NAV') of £174.44 million and 110.11 pence per share ('pps') as at 31 March 2025 (31 March 2024: £162.75 million and 102.73 pps) up 7.18%.\n· NAV Total Return for the period of 15.29% (31 March 2024: 4.98%).\n· Operating profit before fair value changes of £15.586 million for the year (31 March 2024: £13.363 million) up 16.64%.\n· Shareholder total return* for the year of 28.68% (31 March 2024: 1.85%).\n· Profit before tax ('PBT')* of £24.37 million (31 March 2024: £9.09 million) up 168.10%.\n· Earnings per share ('EPS') of 15.37 pps for the year (2024: 5.71 pps) up 169.18%\n· EPRA Earnings Per Share ('EPRA EPS')* for the year of 9.0 pps (year ended 31 March 2024: 7.29 pps), resulting in a dividend cover of 112.50x.\n· Total dividends of 8.00 pps declared for the year (year ended 31 March 2024: 8.00 pps), consistently paid since Q1 2016 (38 consecutive quarters).\n· The price of the Company's Ordinary Shares on the Main Market of the London Stock Exchange was 101.4 pps as at 31 March 2025 (31 March 2024: 85.80 pps).\n· As at 31 March 2025, the Company had drawn £60.00 million (31 March 2024: £60.00 million) of a £60.00 mil...