AEW UK REIT NAV shrinks despite smallest sector decline

In the company’s annual accounts for the year to March 31, 2024, it had a net asset value of £162.8 million, down from £167.1 million 12 months earlier. This was despite the fund’s total net asset value return reversing on the 2023 period, returning a 5% gain to shareholders, compared with a loss of 6% last year. Deep dive: REIT focus matters even amid deep discounts Chief executive Mark Burton said that “against this challenging backdrop,” the company’s performance was “a testament to its value-focused strategy of investing in mispriced assets (…) which continue to be the beating heart of…