Posted by sg999 > 2023-07-20 21:16 | Report Abuse

Result coming out on friday?

Posted by DividendGuy67 > 2023-07-20 21:54 | Report Abuse

Yippy, good pickup at 1.12.

Posted by DividendGuy67 > 2023-07-20 21:58 | Report Abuse

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.

Posted by Gohhocks > 2023-07-25 11:11 | Report Abuse

Dividend declared at 3.96 cents, how much net dividend if u own 1000 shares? Thanks

Posted by dkxinj7 > 2023-07-25 14:52 | Report Abuse

when do i need to buy to entitle for the 3.96 cents devidend payout per share?

Posted by DividendGuy67 > 2023-08-07 22:13 | Report Abuse

Ex-div today 3.96 cents. Closed 1.10. Nice.

Posted by soon9913 > 2023-08-08 12:11 | Report Abuse

any TP for this counter? UAO reit many properties are still empty, dont get tenant yet

Posted by JrWarren > 2023-08-08 14:05 | Report Abuse

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.

Posted by DividendGuy67 > 2023-08-23 23:38 | Report Abuse

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.

Posted by ken > 2023-08-24 05:28 | Report Abuse

Div, you are right. I have been buying selling and enjoy it div for many years. This counter is actually not bad. Good property location...

Posted by Yippy68 > 2023-12-24 04:46 | Report Abuse

very steady reit counter with good dividend

Posted by Yippy68 > 2024-01-19 06:14 | Report Abuse

hope a good QR and dividend this quarter

Posted by speakup > 2024-01-19 07:37 | Report Abuse

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

Posted by DividendGuy67 > 2024-01-23 23:07 | Report Abuse

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.

Posted by shawn88 > 2 weeks ago | Report Abuse

very poor mgmt reits

Posted by pierre69 > 1 week ago | Report Abuse

just bought 100 lots at RM1.02 - cheap!

Posted by TheLastDance > 2 days ago | Report Abuse

IGBCR is currently a top choice for office REITs due to its portfolio and management. UOA REIT is also strong, but it’s essential to review recent performance and market conditions to make a well-informed decision.