Highlights
KLSE: TWRREIT (5111)       TOWER REAL ESTATE INVESTMENT TRUST MAIN : REITS
Last Price Today's Change   Day's Range   Trading Volume
0.90   0.00 (0.00%)  0.90 - 0.90  800
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Overview

Market Cap: 252 Million
NOSH: 280 Million
Avg Volume (4 weeks):11,258
4 Weeks Range:0.895 - 0.925
4 Weeks Price Volatility (%):
16.67%
52 Weeks Range:0.885 - 1.14
52 Weeks Price Volatility (%):
5.88%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2018  |  25-Jan-2019
Next QR | Est. Ann. Date: 31-Mar-2019  |  17-Apr-2019
T4Q P/E | EY: 47.84  |  2.09%
T4Q DY | Payout %: 4.56%  |  218.43%
T4Q NAPS | P/NAPS: 1.8949  |  0.47
T4Q NP Margin | ROE: 17.73%  |  0.99%

Headlines



No recent Headlines for this stock.


Business Background

Tower Real Estate Investment Trust is a real estate investment trust that invests in office buildings and commercial properties. The company’s objective is to provide with stable distribution per unit and sustain the growth of distribution in long-term; and achieve medium to long-term growth in net asset value per unit. Its portfolio consists of two commercial office buildings located in Klang Valley. The company’s portfolio has a diversified tenant base in various sectors that include information technology, property, trading, professional services, advertising, financial services, oil and gas, embassy and others.
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  5 people like this.
 
sheep Price shud go down to give better yield..
01/01/2015 10:48
goldisgold Total borrowing is RM114m. Sales RM132 - RM114 = RM18m left.
03/01/2015 17:39
Leesk Should distribute all the realised profit of menara ING to shareholders unless there is potential asset acquisition of RM 40.miilion.The shareholders has been waiting for so long on realise the capital gain which is reflected in the Net asset value. This Net asset Value has been been reflected in the share price. So far the REIT trust is not active on acquisition. Any good asset from the Hong Leong group for injection?
26/01/2015 15:45
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/5111/31-Dec-2014.jsp
29/01/2015 17:33
logitrader http://www.klse.my/entitlement/115823.jsp
29/01/2015 17:35
logitrader http://www.klse.my/meeting/104093.jsp
26/02/2015 18:48
goldisgold Net income is 21.3m. Interest expense is 5.4m. If really settle all the debt, then net income will rise to 26.7m, which translate to 9.5 cent EPS.
04/03/2015 22:08
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/5111/31-Mar-2015.jsp
22/04/2015 11:46
bcchan5 Why this counter so quiet? No posting for almost 5 months...
09/09/2015 14:33
Kang173 This counter still can hold or not?
02/11/2015 22:54
san3 hold for dividends . price movement is nil .
20/11/2015 21:18
goldisgold Borrowings drop to 100k only.... Office rental market still tough though....
05/12/2015 15:15
Tatsuya Kam I also just hold for dividend only...
05/12/2015 17:31
tarmizixx I'd say this is the most undervalued REIT on bursa. strong & consistent free cash flow, debt nearing zero.
18/12/2015 16:29
tarmizixx Price per share 50% of book value. so cheap.
18/12/2015 16:31
san3 yes, debt free. no worries of fed rate increase . stable . only manage 2 properties. less headache
22/12/2015 18:52
ZeaXG why going up?
29/12/2015 14:36
stocknewbie how come no movement today?
18/02/2016 11:16
foxyz is this stock dead?
11/04/2016 15:18
ZeaXG strong results latest quarter
28/04/2016 09:44
Yippy68 Yes. No one interested with this counter. See ytl reit , hektar , mqreit etc, they are flying
11/08/2016 07:02
Tan Kim Wee can i buy? im new here
14/09/2016 23:48
smartly try other reits better...
15/09/2016 11:13
ZeaXG Buy for long term. At current price, it has good yield with plenty of upside opportunity as detailed below:
1) Higher office space take up rate (unlikely within the next 2-3 years)
2) Office towers sold to realise NAV (unlikely within the next 2 years)
3) Asset injection to increase income (likely within the next 2 years)

Downside:
1) Tenancy % reduce (moderate likelihood within the next 2 years)
21/09/2016 15:32
foxyzz Bought in 2014...and it had been dying till now :(
21/09/2016 16:33
Yippy68 Still undervalued..too late to buy other reit as most of them has moved up, buy for dividen, still better than fd,
25/09/2016 07:08
Jason Lim So many office space now, not good for REIT like this.
06/10/2016 15:42
tarmizixx Where else can one buy freehold property in KL at 40% discount book value?

Let's look at the properties:
1) Menara HLA: right inside KL golden triangle, just infront of KL Convention Centre/aquaria.
2) Menara Hp: 2 minute walk to the upcoming MRT 'Semantan' station, also connected directly to SPRINT highway (linked to NKVE, federal, LDP, etc.)

Oversupply of office space in these hot areas are just temporary. Sooner or later, demand will pickup and may eventually exceed supply (at which rental can be hiked). I'm just gonna keep collecting the generous dividend while waiting for the seed to sprout.

"Be fearful when others are greedy, be greedy when others are fearful" - Warren Buffet
20/11/2016 23:04
foxyzz http://klse.i3investor.com/blogs/Therock/112457.jsp
27/12/2016 08:41
tarmizixx HP tower @ Semantan MRT Station
The station is 1 stop away from KL Sentral

https://www.youtube.com/watch?v=WDFbgjwFDRs
01/06/2017 20:49
HamzahB Towers mentioned in The Edge: http://www.theedgemarkets.com/article/ijacobs-careplus-comfort-gloves-nylex-tower-reit-foundpac-ta-win-atta-global-rex-industry
09/06/2017 14:26
hongweigiet88 https://hongweigiet222.wixsite.com/website/single-post/2017/09/03/TWRREIT-5111
03/09/2017 22:48
ken I hold the Reit for several years. I did some study and follow up from time to time.

TWreit has very good asset, NTA is far higher than share price. The issue is their property unable to rent out. If I am not wrong could be less than 70% currently rented (I don't have latest figure bcos I sold all some time ago). Base on my evaluation (or impression) the management team do not care too much on this business. They could have other 'more important' task to do under the group!! Maybe some of them are part time taking care of TWREIT...
03/09/2017 23:20
gforce2 http://www.theedgemarkets.com/article/tower-reit-appoints-eusoffe-chua-its-ceo

KUALA LUMPUR (Sept 5): Tower Real Estate Investment Trust (REIT) has appointed Chua Song Yong @ Eusoffe Chua as its chief executive officer effective today.

The CEO post was left vacant for more than a year. Chua is replacing Teo Juhn How, who resigned on June 8, 2016 to pursue other professional interests.

In a filing with Bursa Malaysia today, Tower REIT said Chua, 39, was previously TA Global’s head of group sales and marketing and head of group leasing and property management.

===

This is a positive development for TWRREIT. Imagine sailing without a 'captain' for over a year!
Autopilot may be fine during good times, but we're in shaky territories these days, and a ship needs a steady pair of hands!

Remember, TWRREIT currently only has 2 commercial office properties, and practically ZERO borrowings. Lots of room for growth and improvements! The question is, where will the next asset injection come from? (TAGB or Hong Leong Group)
06/09/2017 05:49
ZeaXG Hope the management would look into disposing the properties and buy better buildings
08/02/2018 11:26
Leesk Tower reit should just disposed off both the buildings and distribute the proceed. The reit is not doing anything as a business and it is a waste of management time and monies having it listed.
12/02/2018 14:23
ZeaXG Yes, should realise its NAV which is in the best interest of REITholders
28/02/2018 10:39
l3ryan heard the biggest tenant in HP Towers is moving out soon
23/03/2018 09:00
foxyzz if no CEO, stock not performing ade excuse...ini sudah ade CEO, CEO tidor ka?
26/03/2018 14:39
Leesk If cannot rent please sell the property.
26/03/2018 19:42
limyok123 Can anyone tell me what is the net intrinsic value of Twrreit? It's not the same as the net asset value, is it? Thanks.
14/05/2018 23:30
dunspace Net intrinsic value does not equate to net asset value. Intrinsic value depends on how much returns can you get from your net assets over a period of years + net assets.
18/08/2018 07:22
dunspace Anyone know why can TWREIT distribute 88.5% of net income? I thought it is by the rule that a REIT must distribute 90% and above?
18/08/2018 07:23
gforce2 This is an interim dividend, only the 2nd quarter. TWRREIT needs to make sure that it fulfills the 90% requirement for the full year, or else be liable to 24% corporate tax.
18/08/2018 22:08
dunspace Thanks for clarification~
19/08/2018 09:11
limyok123 Thanks for the elucidation.
20/08/2018 16:13
AntiPondan2 QR getting worse and worse. Will Twr Reit drop to 50-60 sen?
17/11/2018 06:44
Leesk Anything's can happen. why not hong leong privatised it
20/12/2018 12:49
newbie4444 Loss QR why no drop?
13/02/2019 05:58
ZeaXG Loss QR is because of deferred tax due to RPGT disposal >5 years tax rate changed. If the REIT does not intend to dispose, then this should be a non-issue. On the flip side, the figure you should be focusing should be the revenue which has actually gone up.

You should be asking... Revenue up why no up?
21/02/2019 17:27


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