AEW UK REIT (LSE:AEWU) Scaled Net Operating Assets: 0.90 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LSE:AEWU AEW UK REIT PLC LSE:AEWU
33 GF Score
Price £1.06
! 6 Warning Signs
View Full Analysis

What is AEW UK REIT Scaled Net Operating Assets?

AEW UK REIT LSE:AEWU +0.19% 33 Scaled Net Operating Assets is 0.90 as of Mar. 2026. GuruFocus rates LSE:AEWU with a GF Score™ of 33/100. The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

AEW UK REIT's operating assets for the quarter that ended in Mar. 2026 was £224.81 Mil. AEW UK REIT's operating liabilities for the quarter that ended in Mar. 2026 was £7.94 Mil. AEW UK REIT's Total Assets for the quarter that ended in Sep. 2025 was £240.64 Mil. Therefore, AEW UK REIT's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.90.

LSE:AEWU
33GF Score
AEW UK REIT PLC LSE:AEWU
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AEW UK REIT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

AEW UK REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(224.806-7.939)/241.449
=0.90

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=239.974 - 15.168
=224.806

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=68.008 - 60.069 - 0
=7.939

AEW UK REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(224.806-7.939)/240.64
=0.90

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=239.974 - 15.168
=224.806

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=68.008 - 60.069 - 0
=7.939

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.90 mean?
AEW UK REIT (LSE:AEWU) has a Scaled Net Operating Assets of 0.90 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on AEW UK REIT and its competitors.
Is AEW UK REIT's Scaled Net Operating Assets too high?
AEW UK REIT's current Scaled Net Operating Assets is 0.90. Overall, AEW UK REIT has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does AEW UK REIT's Scaled Net Operating Assets compare to VICI and WPC?
AEW UK REIT's Scaled Net Operating Assets of 0.90 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on AEW UK REIT and its competitors. AEW UK REIT's current Scaled Net Operating Assets is 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AEW UK REIT stock overvalued right now?
AEW UK REIT (LSE:AEWU) has a current Scaled Net Operating Assets of 0.90. The current Scaled Net Operating Assets is 0.90. AEW UK REIT's overall GF Score™ is 33/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For AEW UK REIT (LSE:AEWU), the current Scaled Net Operating Assets is 0.90 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

AEW UK REIT Business Description

Industry Real EstateREITs
Address 29 Wellington Street, Central Square, Leeds, GBR, LS1 4DL
AEW UK REIT PLC is a real estate investment trust. The company's investment objective is the attractive total return to shareholders from investing mainly in a portfolio of smaller commercial properties in the UK. To achieve this objective the firm invests in office properties, retail warehouses, high street retail, and industrial warehouse properties. Geographically, it operates only in the United Kingdom. The company derives revenue from rental income and other property income.
33GF Score

Get the complete analysis for LSE:AEWU

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£1.06
Price