# AEW UK REIT Ord (AEWU.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Real Estate. Price 104p, market value 165 millionp.

## Valuation
- **P/E (trailing): 17.3×** (5-yr avg 1041.4×, 3-yr avg 1251.3×). AEW UK REIT Ord trades at 17.3× trailing earnings, well below its own five-year average of 1041.4×: cheap by its own standards. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 13.7×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.6×**. Each dollar of revenue is priced at 3.6×.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 7.3×**. Enterprise value is 7.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 13.2%** (5-yr avg 0.1%). Free cash flow equals 13.2% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.8%**. The inverse of the P/E: 5.8% of the price is earned each year.

## Profitability
- **Gross margin: 71.9%**. AEW UK REIT Ord keeps 71.9% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 83.8%**. 83.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 43.3%**. 43.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.8%**. 5.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 17.3%**. Return on all capital, debt included, is 17.3%: comfortably above what that capital costs.
- **Return on assets: 14.3%**. Each dollar of assets produces 14.3% of profit.

## Growth
- **Revenue growth (1 yr): -26.7%** (3-yr 3.5%/yr, 5-yr 5.6%/yr). Revenue fell 26.7% over the last year, against 5.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -58.2%** (5-yr -14.8%/yr). Earnings per share fell 58.2%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 10.2%/yr**. Free cash flow has compounded at 10.2% a year over three years.

## Financial health
- **Debt to equity: 0.35**. Debt is 0.35 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.6×**. It would take 1.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 40.0×**. Operating profit covers interest 40.0× over, a safe margin.
- **Altman Z-score: 2.89**. A Z-score of 2.89 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. AEW UK REIT Ord does not currently pay a dividend, but it returned -0.2% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 2.4%** (YTD -1.6%, 3-mo 0.6%). The shares are up 2.4% over twelve months including dividends.
- **From 52-week high: -8.2%** (8.4% above the low). Trading 8% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): 0.53** (volatility 18%). Beta of 0.53 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AEWU.L · Page: https://foliofundamentals.com/stocks/aewu.l

Not investment advice.