The Manager intends to distribute at least 95% of the realised income before tax (unaudited) for the second half year ended 31 December 2021, to be distributed by end of Feb 2022 as described under Section B17, Income Distribution.
The Manager intends to distribute at least 95% of the realised income before tax (unaudited) for the second half year ended 31 December 2021, to be distributed by end of Feb 2022 as described under Section B17, Income Distribution.
I remember a time when the annual dividend was over 10 cents, and the share trading at around RM1.50. For long-term investors, the overall return has not been that great.
The upcoming recession could be a great opportunity for bargain hunters. Analysts are positive on UOA REIT and 6 other stocks as mentioned in the link below:
Last year, total dividend is 8.62 but is taxable. Net of 10% tax gives 7.76 sen which is still a very nice dividend yield of 6.9%. Q1/23 earnings dipped a little relative to Q1/22 earnings, but even if dividends reduces slightly, it should be able to maintain 6.5% net of tax yield, which should easily beat EPF rate. If you own a basket of REIT, you should own a piece of UOAREIT too. I have a nice position here which I'm content.
I suppose it will stay at RM1.12. The above statement of "UAO reit many properties are still empty" is without proper research.
FY2022 annual report indicated average occupancy rate of close to 80% as at 31 December 2022, the revenue in 2Q2023 financial report has not change much. Therefore, I think occupancy rate is quite stable for Q2.
This is one of my diversified REITs. I have a small holding due to its attractive 6.8% dividend yield at 1.09. I just added at 1.10, and will be looking to add at lower prices. I don't own it for price appreciation, just expecting this REIT to beat EPF every year. The risk is I suspect the dividend for 2023 may be a record low dividend, at least TTM is, but a part of me thinks that when all looks bleak, it's time to get some of these cheap. I always could be wrong, hence, just 3% for me.
Uoareit is by far the best office REIT. Beats Sentral & Tower hands down Best mall REIT: IGBREIT Best diversified REIT: SUNREIT Best industrial REIT: AXREIT Best hotel REIT: YTLREIT
Book closure 3.86 sen, bringing total taxable dividend FYE2023 to 7.82 sen (or 7.04 sen after tax). It has been a tough year for Office sector. The last 6 years, DPS keeps declining: 2018: 8.225 sen 2019: 8.199 sen 2020: 7.596 sen 2021: 7.966 sen (recovering) 2022: 7.758 sen 2023: 7.038 sen (new low).
It may be a decent REIT, but comparing FYE2022 vs FYE2023: - Gross Rental Income is lower, Property Operating Expenses high giving lower Net Rental Income for FYE2023 (challenging headwinds). - Manager's fees flat / inches up a tiny bit - Borrowing costs up This basically explains the new low.
This REIT is 3.6% of my portfolio, my last add was 1.08. Keeping it small. Reminds me of Buffet's quote:
When a management with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact.”
The office REIT space is not exactly poor, but has been facing headwinds since COVID pandemic. UOAREIT DPS has been declining at least a couple of year prior to the onset of COVID pandemic. No matter how good the management is, it is hard to outperform in this sector.
Still, Dividend Yield after tax is 6.2% per annum, should still be matching EPF this year i.e. still a decent result. Perhaps not as good as MAYBANK benchmark, but still, not too bad for some diversification.
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MQ Trader 2909 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bgt 9963
7,445 posts
Posted by Bgt 9963 > 2021-05-22 10:04 |
Post removed.Why?