Business
Half-year Report
Half-year Report.
About this update from Aew Uk Reit Plc
[{"type":"text","content":"\n \nRNS Number : 6266Y AEW UK REIT PLC 07 December 2017 \n\nAEW UK REIT PLC \n \nInterim Report and Financial Statements\nfor the six months ended 31 October 2017 \n \n \nFinancial Highlights\n \n\n\n\n\n●\n\n\nUnaudited Net Asset Value ('NAV') of £148.22 million and of 97.80 pence per share as at 31 October 2017 (30 April 2017: £118.67 million and 95.98 pence per share).\n\n\n\n\n●\n\n\nOperating profit before fair value changes is £4.96 million for the period (six months to 31 October 2016: £4.99 million).\n\n\n\n\n●\n\n\nUnadjusted profit before tax ('PBT') of £6.99 million and of 5.60 pence per share for the period (six months to 31 October 2016: £0.49 million and of 0.42 pence per share).\n\n\n\n\n●\n\n\nEPRA Earnings Per Share ('EPRA EPS') for the period were 3.73 pence (six months to 31 October 2016: 3.81 pence).\n\n\n\n\n●\n\n\nTotal dividends of 4.00 pence per share have been declared for the period (six months to 31 October 2016: 4.00 pence per share).\n\n\n\n\n●\n\n\nTotal shareholder return for the period was 5.17% (six months to 31 October 2016: 2.73%).\n\n\n\n\n●\n\n\nAEW UK REIT Plc (the 'Company') raised total gross proceeds of £28.05 million during the period (six months to 31 October 2016: £6.00 million).\n\n\n\n\n●\n\n\nThe price of the Company's Ordinary Shares on the Main Market of the London Stock Exchange was 101.50 pence per share as at 31 October 2017 (30 April 2017: 99.56 pence per share).\n\n\n\n\n●\n\n\nAs at 31 October 2017, the Company had a £40.0 million (30 April 2017: £40.0 million) term credit facility with The Royal Bank of Scotland International Limited ('RBSi') and was geared to 22.0% of the Gross Asset Value (30 April 2017: 19.31%).\n\n\n\n\n●\n\n\nThe Company held cash balances totalling £34.54 million as at 31 October 2017 (30 April 2017: £3.65 million), of which £32.44 million (30 April 2017: £1.31 million) was held for the purpose of capital acquisitions.\n\n\n\n\n \n \nProperty Highlights\n \n\n\n\n\n●\n\n\nThe Company acquired four properties in the period for a total of £16.99 million (excluding acquisition costs) (six months to 31 October 2016: two for a total of £13.20 million) and disposed of one property for gross sales proceeds of £11.05 million (six months to 31 October 2016: £nil).\n\n\n\n\n●\n\n\nAs at 31 October 2017, the Company's pr...