Business
Replacement - Shareholder Update and Dividend
AEW UK REIT plc announced its unaudited Net Asset Value (NAV) as of March 31, 2026, reporting £171.97 million or 108.38 pence per share, a slight decrease from the previous quarter. The company achieved a NAV total return of 0.96% for the quarter, driven by a 0.05% like-for-like portfolio valuation increase, primarily in the industrial and office sectors, marking the twelfth valuation growth quarter out of the last thirteen. EPRA earnings per share were 1.71 pence, and an interim dividend of 2.00 pence per share was declared, maintaining a consistent payout for 42 consecutive quarters. The Loan to GAV ratio stood at 25.21%, with ample covenant headroom, and the company benefits from a low fixed debt cost of 2.959% until July 2027. Additionally, AEW UK REIT plc is considering an all-share offer to acquire Alternative Income REIT plc. Disclaimer*
About this update from Aew Uk Reit Plc
THIS ANNOUNCEMENT REPLACES THE ANNOUNCEMENT RELEASED UNDER RNS NUMBER 8362A AT 07:00 HOURS ON 17 APRIL 2026. THE NET ASSET VALUE TABLE HAS BEEN UPDATED TO AMEND THE 'CAPITAL EXPENDITURE' AND 'VALUATION CHANGE IN PROPERTY PORTFOLIO' WHICH WERE SHOWN INCORRECTLY. CLARIFICATION HAS ALSO BEEN PROVIDED THAT THE QUARTER'S PROPERTY VALUATION MOVEMENT WAS AN INCREASE. NO OTHER CHANGES HAVE BEEN MADE. THE CHANGES DO NOT IMPACT THE COMPANY'S NAV CALCULATION, NOR THE COMPANY'S REPORTED EARNINGS. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE OR OTHERWISE. THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE. 20 April 2026 AEW UK REIT plc Shareholder Update and Dividend Declaration AEW UK REIT plc (LSE: AEWU) ("AEWU" or the "Company"), which directly owns a value-focused, diversified portfolio of 34 UK commercial properties, announces its unaudited Net Asset Value ("NAV") as at 31 March 2026 and interim dividend for the three months ended 31 March 2026. Highlights · NAV of £171.97 million or 108.38 pence per share as at 31 March 2026 (31 December 2025: £173.47 million or 109.32 pence per share). · NAV total return of 0.96% for the quarter (31 December 2025 quarter: 2.05%). · 0.05% like-for-like portfolio valuation increase for the quarter (31 December 2025 quarter: 0.33% decrease). · EPRA earnings per share ("EPRA EPS") for the quarter of 1.71 pence (31 December 2025 quarter: 2.36 pence). · Interim dividend of 2.00 pence per share for the three months ended 31 March 2026, paid for 42 consecutive quarters and in line with the targeted annual dividend of 8.00 pence per share, representing a dividend yield of 8.1% as at quarter-end. · Loan to GAV ratio at the quarte...