AEW UK REIT Plc (AEWU) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of AEW UK REIT Plc stock £1.69, price £1.01, upside +67.7%, quality 68 out of 100. Rating: strongly undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range £0.6387 – £1.08 · fair‑value band £0.9600 – £2.85 · the £1.01 price screens below the £1.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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AEW UK REIT plc is one of the world's largest real estate asset managers, with 73.4billion pounds of assets under management as at 30 September 2025.
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AEW has over 830 employees, with its main offices located in Boston, London, Paris and Singapore and offers a wide range of real estate investment products including comingled funds, separate accounts and securities mandates across the full spectrum of investment strategies.
AEW represents the real estate asset management platform of Natixis Investment Managers, one of the largest asset managers in the world. As at 30 September 2025, AEW managed 35.6bn euros of real estate assets in Europe on behalf of a number of strategies and separate accounts.
AEW has over 515 employees based in 12 offices across Europe and has a long track record of implementing core, value-add and opportunistic investment strategies on behalf of its clients.
In the last five years, AEW has invested and divested a total volume of circa 14.0billion pounds of real estate across European markets. AEW UK REIT plc was incorporated in 2015 in United Kingdom.
Stock analysis
AEW UK REIT Plc (AEWU) currently trades at £1.01, while our model-based Fair Value estimate is £1.69, implying the stock looks roughly 40% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of £1.80 per share, and 11 of the 16 models we run sit above the £1.01 price.
Bear case: the Asset-Based group reads lowest at £0.7300, and 5 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: £0.9600 (bear) to £2.85 (bull), the price of £1.01 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
AEW UK REIT Plc reported revenue of £23.0M in FY2026 versus £54.3M in FY2022, a compound −19.4%/yr. Reported net income was £9.9M in FY2026, compounding −32.1%/yr from FY2022.
Key figures
Market cap £160M Micro · P/E ratio 16.8 · P/S ratio 6.96 · EPS (TTM) £0.0600 · Dividend yield 7.9% · Net margin 43.3% · Return on equity 5.7% · Return on assets (EBIT) 7.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −7% fair-value upside, at 68%, AEWU screens cheaper than that median.
Fair Value models
Bear£0.9600Fair Value £1.69Bull£2.85
Price £1.01 · Upside +67.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−26.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.8%
Start year 2021 (pandemic). Over 10 years: +11.3% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
−0.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.6%
Dividend (yield on the price)7.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−14.8% vs 2.8%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.63% → 78%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +5.2% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Diversified · 138 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+67.7% · Top 25%
Profitability
Return on equity (12 months)5.7% · Above median
Return on assets4.1% · Above median
Net margin (12 months)43.3% · Above median
Operating margin (12 months)57.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)5.6% · Above median
Dividend yield (12 months)7.9% · Top 25%
Balance sheet
Debt / equity0.23× · Lowest 25%
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
P/E (12 months)16.8× · Priciest 25%
P/B0.93× · Pricier than median
P/S (12 months)6.96× · Pricier than median
Price / free cash flow (fiscal year)12.2× · Cheaper than median
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Cite: Fair Value Calculator (2026). "AEW UK REIT Plc Fair Value". https://www.fairvalue-calculator.com/stock/AEWU
Frequently asked questions
Is AEW UK REIT Plc (AEWU) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of £1.69 versus a price of £1.01, about +68% upside (undervalued).
What is the fair value of AEWU?
Our model-based fair value for AEW UK REIT Plc is £1.69 (as of Nov 9, 2026), built from audited fundamentals. The current price: £1.01.
What is the quality score of AEWU?
AEW UK REIT Plc has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AEW UK REIT Plc (AEWU)?
Our model-based price target is the fair value of £1.69 (as of Nov 9, 2026) from 16 valuation models. Cautious scenario £0.9600, optimistic scenario £2.85. It is a calculation from audited fundamentals, not an analyst target.
What is the AEW UK REIT Plc stock forecast for 2026?
Our models put fair value at £1.69, about +68% upside versus a price of £1.01 (undervalued). Cautious scenario £0.9600, optimistic scenario £2.85. The calculation is refreshed regularly with new filings.
What is the revenue of AEW UK REIT Plc (AEWU)?
AEW UK REIT Plc reported trailing-twelve-month revenue of about £23.0M (latest available figure, as of Nov 9, 2026).
Does AEW UK REIT Plc pay a dividend?
AEW UK REIT Plc currently shows a dividend yield of 7.94% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of AEW UK REIT Plc (AEWU) and when is the ex-dividend date?
AEW UK REIT Plc pays a dividend of £0.08 per share a year, a dividend yield of 7.9%. The last ex-dividend date was Aug 6, 2026. A dividend has been paid every year since at least 2015. The payout ratio is 133% of earnings. Free cash flow covers the dividend 1.03 times. Our assessment: Payout strained. The dividend exceeds reported earnings (though reported profit is often depressed by one-off charges), and free cash flow only just covers it (or coverage is unknown). Not an emergency, but little room for error.
What growth is priced into AEW UK REIT Plc (AEWU)?
For today's price to be fair in a discounted-cash-flow model, AEW UK REIT Plc would have to grow free cash flow by +7.6 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.8 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of AEWU use?
Our models discount AEW UK REIT Plc at 11.8 %: a base by market capitalisation (micro), damped by beta 0.52, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AEW UK REIT Plc that is +7.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has AEW UK REIT Plc (AEWU) delivered so far?
Over the past 5 years revenue at AEW UK REIT Plc grew -3.8 % a year. The price currently implies free-cash-flow growth of +7.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AEW UK REIT Plc (AEWU) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into AEW UK REIT Plc (+7.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AEW UK REIT Plc (AEWU)?
The free-cash-flow yield on the price is 8.22 %: that much free cash flow AEW UK REIT Plc produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AEW UK REIT Plc (AEWU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AEW UK REIT Plc it is £1.69 per share (as of Nov 9, 2026), against a price of £1.01. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is AEW UK REIT Plc stock overvalued or undervalued in 2026?
As of Nov 9, 2026, AEWU trades below its calculated fair value: price £1.01, fair value £1.69, a gap of about +68% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AEWU?
No. The price is what the market pays today (£1.01); the fair value is what the company's own numbers justify (£1.69). For AEW UK REIT Plc the two are £0.6820 per share apart. That gap is exactly why we show both numbers side by side.
How much is AEW UK REIT Plc worth?
The market values AEW UK REIT Plc at about £160M (market capitalisation, as of Nov 9, 2026). Per share that is £1.01; our models calculate a fair value of £1.69 per share.
What do the bullish and bearish scenarios say about AEWU?
Our models span a range for AEW UK REIT Plc: cautious scenario £0.9600, base £1.69, optimistic £2.85 per share (as of Nov 9, 2026, price £1.01). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AEWU?
AEW UK REIT Plc trades at a price-to-earnings ratio of 16.8 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £1.69 is built from several models across several years. Other multiples: P/B 0.9, P/S 7.0, EV/EBITDA 15.5.
How solid is the balance sheet of AEW UK REIT Plc (AEWU)?
Balance-sheet figures for AEW UK REIT Plc (as of Nov 9, 2026): return on equity 5.7%, debt of 0.23 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is AEWU from its 52-week high?
AEW UK REIT Plc trades at £1.01, about 7% below its 52-week high of £1.08 and 6% above the low of £0.9533 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of £1.69 is for.
Which stocks are comparable to AEW UK REIT Plc?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Stockland, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AEW UK REIT Plc stock attractive at the current price?
The data as of Nov 9, 2026: price £1.01, calculated fair value £1.69 (+68%), Quality Score 68/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AEWU calculated?
We run AEW UK REIT Plc through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of £1.69 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. AEW UK REIT Plc currently trades 40% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AEW UK REIT Plc (AEWU)?
The closing price on Nov 6, 2026 was £1.01. Our model-based fair value is £1.69, about +68% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AEW UK REIT Plc right now?
The model range is unusually wide (£0.9600 to £2.85). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of AEW UK REIT Plc (AEWU) come from?
Earnings per share at AEW UK REIT Plc grew +8.1 % a year from 2016 to 2026. Broken into its drivers: revenue per share +12.7 %, EBIT margin −1.8 %, tax rate +9.9 %, residual (interest, one-offs) −11.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of AEW UK REIT Plc
How large is the market capitalisation of AEW UK REIT Plc (AEWU)?
The market capitalisation of AEW UK REIT Plc is £160M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AEW UK REIT Plc (AEWU)?
The price-to-sales ratio of AEW UK REIT Plc is 6.96 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AEW UK REIT Plc (AEWU)?
Earnings per share at AEW UK REIT Plc are £0.0600 (price ÷ EPS = P/E 16.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AEW UK REIT Plc (AEWU)?
The dividend yield of AEW UK REIT Plc is 7.9% (payout 133%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of AEW UK REIT Plc (AEWU)?
The net margin of AEW UK REIT Plc is 43.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AEW UK REIT Plc (AEWU)?
The return on equity (ROE) of AEW UK REIT Plc is 5.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AEW UK REIT Plc (AEWU)?
On an EBIT basis the return on assets of AEW UK REIT Plc is 7.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AEW UK REIT Plc (AEWU)?
The operating margin of AEW UK REIT Plc is 57.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AEW UK REIT Plc (AEWU)?
Revenue at AEW UK REIT Plc is growing +5.6% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AEW UK REIT Plc (AEWU)?
Earnings per share at AEW UK REIT Plc are growing −35.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AEW UK REIT Plc (AEWU) carry?
The net debt of AEW UK REIT Plc is £44.9M (fiscal year 2026, ≈ 3.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 9, 2026