Business
Shareholder Update and Dividend Declaration
AEW UK REIT plc reported an unaudited Net Asset Value (NAV) of £171.97 million, or 108.38 pence per share, as of March 31, 2026, a slight decrease from the previous quarter. The company declared an interim dividend of 2.00 pence per share, maintaining its consistent payout for 42 consecutive quarters and aligning with its targeted annual dividend of 8.00 pence per share. The loan-to-GAV ratio stood at 25.21%, with ample covenant headroom. Notably, the company is considering an all-share offer to acquire Alternative Income REIT plc, with a decision deadline of April 21, 2026. The portfolio experienced a 0.05% like-for-like valuation increase for the quarter, driven by industrial and office sectors, despite a decrease in EPRA earnings per share to 1.71 pence. Disclaimer*
About this update from Aew Uk Reit Plc
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. 17 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 quarter end was 25.21% (31 December 2025: 25.06%). Significant headroom on all loan covenants. · The Company continues to benefit from a low fixed cost of debt of 2.959% until July 2027. Laura Elkin, Portfolio Manager, AEW UK REIT, commented: "We are pleased to report a steady quarter of performance, with another period of positive NAV total return, and valuation gains seen across the Company's retail, industrial and office sectors, resulting in an overall por...