Highlights
KLSE: TWRREIT (5111)       TOWER REAL ESTATE INVESTMENT TRUST MAIN : REITS
Last Price Today's Change   Day's Range   Trading Volume
0.75   0.00 (0.00%)  0.75 - 0.75  22,300
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 210 Million
NOSH: 281 Million
Avg Volume (4 weeks):153,994
4 Weeks Range:0.695 - 0.775
4 Weeks Price Volatility (%):
68.75%
52 Weeks Range:0.49 - 0.925
52 Weeks Price Volatility (%):
59.77%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#3]  |  13-May-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  25-Jul-2020
T4Q P/E | EY: 21.47  |  4.66%
T4Q DY | Payout %: 1.67%  |  35.78%
T4Q NAPS | P/NAPS: 1.8958  |  0.40
T4Q NP Margin | ROE: 42.19%  |  1.84%

Headlines

Date Subject
06-May-2020 KLCCP Stapled Group - 1QFY20 Within Expectations
23-Sep-2019 [转贴] 天哥看产托 第一集~3只最低借贷比例的产托 - ~ 第一天

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.
Analyze this stock with MQ Trader system

  5 people like this.
 
ZeaXG why going up?
29/12/2015 2:36 PM
stocknewbie how come no movement today?
18/02/2016 11:16 AM
foxyz is this stock dead?
11/04/2016 3:18 PM
ZeaXG strong results latest quarter
28/04/2016 9:44 AM
Yippy68 Yes. No one interested with this counter. See ytl reit , hektar , mqreit etc, they are flying
11/08/2016 7:02 AM
Tan Kim Wee can i buy? im new here
14/09/2016 11:48 PM
smartly try other reits better...
15/09/2016 11:13 AM
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 3:32 PM
foxyzz Bought in 2014...and it had been dying till now :(
21/09/2016 4:33 PM
Jason Lim So many office space now, not good for REIT like this.
06/10/2016 3:42 PM
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 11:04 PM
foxyzz http://klse.i3investor.com/blogs/Therock/112457.jsp
27/12/2016 8:41 AM
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 8:49 PM
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 2:26 PM
hongweigiet88 https://hongweigiet222.wixsite.com/website/single-post/2017/09/03/TWRREIT-5111
03/09/2017 10:48 PM
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 11:20 PM
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 5:49 AM
ZeaXG Hope the management would look into disposing the properties and buy better buildings
08/02/2018 11:26 AM
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 2:23 PM
ZeaXG Yes, should realise its NAV which is in the best interest of REITholders
28/02/2018 10:39 AM
l3ryan heard the biggest tenant in HP Towers is moving out soon
23/03/2018 9:00 AM
foxyzz if no CEO, stock not performing ade excuse...ini sudah ade CEO, CEO tidor ka?
26/03/2018 2:39 PM
Leesk If cannot rent please sell the property.
26/03/2018 7:42 PM
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 11:30 PM
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 7:22 AM
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 7:23 AM
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 10:08 PM
dunspace Thanks for clarification~
19/08/2018 9:11 AM
limyok123 Thanks for the elucidation.
20/08/2018 4:13 PM
AntiPondan2 QR getting worse and worse. Will Twr Reit drop to 50-60 sen?
17/11/2018 6:44 AM
Leesk Anything's can happen. why not hong leong privatised it
20/12/2018 12:49 PM
newbie4444 Loss QR why no drop?
13/02/2019 5:58 AM
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 5:27 PM
qingqingqing Why no dividend declare for 2 quatters?
06/05/2019 9:36 PM
ACE9696 hang zheng pai
08/05/2019 11:44 PM
Leesk REIT without dividend??? How to invest? It is better to sell the property urgently and distribute cash back
27/05/2019 4:18 PM
Airline Bobby Lousy management
04/06/2019 9:45 AM
ZeaXG Keep yo-yoing between 0.87 and 0.91
20/06/2019 3:53 PM
bryantfc Discounted Properties. Chance to own office properties at a discounted price at RM343 psf =rm.090 (current price) X 280,500,000 (number of shares) / 735,017 (Net Lettable Area )
17/07/2019 5:38 PM
Leesk it is cheap with rm343 psf considering the properties is in kl and good location. Construction cost also cost more than that.
19/07/2019 10:11 AM
newbie4444 Why sales keep drop?
https://klse.i3investor.com/servlets/stk/fin/5111.jsp
28/07/2019 9:17 AM
bryantfc Drop in rental, Plus point is reductions in rental increases growth rates from excess capacity.
https://themalaysianreserve.com/2019/05/30/office-rental-rates-to-drop-in-next-12-months/
04/08/2019 11:06 AM
bryantfc https://www.thestar.com.my/business/business-news/2019/06/07/kl-office-rental-most-affordable-in-asiapacific/
04/08/2019 11:33 AM
Leesk if the office buildings is distribute by specie, 735,000÷280,500, then you would get 2.6 sq ft per 1000 shares
06/08/2019 5:43 PM
kahhoeng err... meaning 300,000 shares would be entitled to 780 square feet of space at a cost of less than RM 270,000. Would be great if those spaces are distributed then, haha... an apartment for RM 270,000 at prime area.
24/08/2019 12:54 PM
gforce2 https://www.theedgemarkets.com/article/hong-leongs-tower-reit-reinvent-coworking-space

The innovation centre is expected to occupy 250,000 sq ft or about 65% of the total 385,215 sq ft net lettable area in Menara HLA.

Chua is optimistic that 250,000 sq ft of space to be offered by the innovation centre will be fully occupied by tenants after renovation works are completed by end-2020.

Currently, about 100,000 sq ft have been taken up by six tenants including local training academy KCOM Group and a co-working space operator.
29/10/2019 9:33 AM
lcteh88 Keep dropping . Infected by Virus ?
21/02/2020 4:00 PM
gforce2 https://www.theedgemarkets.com/article/guocoland-sell-menara-guoco-tower-reit-rm242m

KUALA LUMPUR (March 2): GuocoLand (Malaysia) Bhd is selling Menara Guoco in Damansara Heights here to Tower Real Estate Investment Trust (Tower REIT) for RM242.1 million cash, in a related party transaction (RPT).

Menara Guoco is a 19-storey office building which forms part of an integrated commercial development known as Damansara City, comprising another office building, a hotel, a retail mall, serviced apartments and car parks.

As at Feb 6, 2020, the building has an occupancy rate of about 97.1% and is expected to increase Tower REIT's pro forma occupancy rate for its portfolio to 59.8% from 48.1%.

Upon completion of the proposed acquisition, Tower REIT's consolidated asset base is expected to increase about 42.3% to RM814.3 million and the average building age of its property portfolio is expected to decrease to 18 years from 23.

The proposed disposal is expected to be completed by the third quarter of 2020.

===

The rental market for commercial office space has been facing a glut for years now. Yield on this property is under 5% p.a.with 97.1% occupancy and they're estimating 100% loan @4.3% p.a.

I don't expect DPU to improve too much in the short-term, but it will probably help to stabilize the dividend as the other two office buildings currently have less than 50% occupancy! If you look at their last quarterly result, yields have possibly fallen below 2.5%! Menara HLA is still under renovation!

Who else wins?
1. Guocoland, as they cash-out a relatively low yield asset and lower their borrowings.
2. Hong Leong Bank, as they will probably issue the RM242m loan themselves @4.3% p.a.
3. GLM REIT Management, the REIT management company, since their earnings depend on the NAV of the properties.
03/03/2020 1:18 AM
Leesk what is the exact property yield for this acquisition?
04/03/2020 5:23 PM
Leesk Just disclosed under 5% with 97% occupancy did not give any confort to minority shareholders
04/03/2020 5:25 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards
 
 

623  301  516  474 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AT 0.105+0.005 
 VSOLAR 0.08-0.005 
 AT-WC 0.0450.00 
 IRIS 0.195+0.005 
 PDZ 0.07+0.02 
 ASIAPLY 0.245+0.045 
 MYEG 1.51-0.01 
 PRESBHD 0.45+0.035 
 CONNECT 0.29+0.045 
 NOTION 0.74+0.12 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers