UOA REITS

KLSE (MYR): UOAREIT (5110)

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Last Price

0.925

Today's Change

+0.005 (0.54%)

Day's Change

0.915 - 0.93

Trading Volume

56,800

Financial

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Last 10 FY Result
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Revenue 109,538 109,452 113,507 114,802 116,884 72,693 79,032 78,586 82,350 89,731 91,935 90,387 2.56%
PBT 40,320 40,091 52,398 60,981 40,043 38,436 40,987 57,650 37,877 45,054 111,699 47,518 1.09%
Tax -5 1,523 1,453 -108 2,060 -3,685 -21,151 -113 0 4,578 -1,382 1,598 -1.05%
NP 40,314 41,614 53,851 60,873 42,103 34,751 19,836 57,537 37,877 49,632 110,317 49,116 1.02%
-
NP to SH 40,314 41,614 53,851 60,873 42,103 34,751 19,836 57,537 37,877 49,632 110,317 49,116 1.02%
-
Tax Rate 0.01% -3.80% -2.77% 0.18% -5.14% 9.59% 51.60% 0.20% 0.00% -10.16% 1.24% -3.36% -
Total Cost 69,224 67,838 59,656 53,929 74,781 37,942 59,196 21,049 44,473 40,099 -18,382 41,271 4.17%
-
Net Worth 968,201 968,201 967,525 966,444 963,809 629,530 706,534 725,225 706,322 704,402 699,260 635,576 4.77%
Dividend
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Div 26,123 45,670 52,831 58,236 58,371 36,617 38,523 38,608 36,155 44,305 46,600 46,515 1.42%
Div Payout % 64.80% 109.75% 98.11% 95.67% 138.64% 105.37% 194.21% 67.10% 95.46% 89.27% 42.24% 94.71% -
Equity
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Net Worth 968,201 968,201 967,525 966,444 963,809 629,530 706,534 725,225 706,322 704,402 699,260 635,576 4.77%
NOSH 675,599 675,599 675,599 675,599 675,599 675,599 422,871 422,871 422,871 422,871 422,871 422,871 5.34%
Ratio Analysis
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
NP Margin 36.80% 38.02% 47.44% 53.02% 36.02% 47.81% 25.10% 73.22% 46.00% 55.31% 119.99% 54.34% -
ROE 4.16% 4.30% 5.57% 6.30% 4.37% 5.52% 2.81% 7.93% 5.36% 7.05% 15.78% 7.73% -
Per Share
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 16.21 16.20 16.80 16.99 17.30 16.75 18.69 18.58 19.47 21.23 21.74 21.37 -2.63%
EPS 5.97 6.16 7.97 9.01 6.23 8.16 4.69 13.61 8.96 11.74 26.09 11.61 -4.09%
DPS 3.87 6.76 7.82 8.62 8.64 8.44 9.11 9.13 8.55 10.48 11.02 11.00 -3.71%
NAPS 1.4331 1.4331 1.4321 1.4305 1.4266 1.451 1.6708 1.715 1.6703 1.6662 1.6536 1.503 -0.53%
Adjusted Per Share Value based on latest NOSH - 675,599
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
RPS 16.21 16.20 16.80 16.99 17.30 10.76 11.70 11.63 12.19 13.28 13.61 13.38 2.55%
EPS 5.97 6.16 7.97 9.01 6.23 5.14 2.94 8.52 5.61 7.35 16.33 7.27 1.02%
DPS 3.87 6.76 7.82 8.62 8.64 5.42 5.70 5.71 5.35 6.56 6.90 6.89 1.41%
NAPS 1.4331 1.4331 1.4321 1.4305 1.4266 0.9318 1.0458 1.0735 1.0455 1.0426 1.035 0.9408 4.77%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 30/09/24 30/09/24 29/12/23 30/12/22 31/12/21 31/12/20 31/12/19 31/12/18 29/12/17 30/12/16 31/12/15 31/12/14 -
Price 0.96 0.96 1.10 1.15 1.15 1.13 1.23 1.31 1.62 1.76 1.60 1.43 -
P/RPS 5.92 5.93 6.55 6.77 6.65 6.74 6.58 7.05 8.32 8.29 7.36 6.69 -0.23%
P/EPS 16.09 15.59 13.80 12.76 18.45 14.11 26.22 9.63 18.09 14.99 6.13 12.31 1.27%
EY 6.22 6.42 7.25 7.83 5.42 7.09 3.81 10.39 5.53 6.67 16.30 8.12 -1.25%
DY 4.03 7.04 7.11 7.50 7.51 7.47 7.41 6.97 5.28 5.95 6.89 7.69 -0.86%
P/NAPS 0.67 0.67 0.77 0.80 0.81 0.78 0.74 0.76 0.97 1.06 0.97 0.95 -2.30%
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 CAGR
Date 14/11/24 14/11/24 22/01/24 19/01/23 20/01/22 21/01/21 22/01/20 22/01/19 24/01/18 19/01/17 20/01/16 20/01/15 -
Price 0.99 0.99 1.12 1.17 1.15 1.09 1.24 1.32 1.61 1.83 1.59 1.44 -
P/RPS 6.11 6.11 6.67 6.89 6.65 6.51 6.63 7.10 8.27 8.62 7.31 6.74 -0.11%
P/EPS 16.59 16.07 14.05 12.99 18.45 13.61 26.43 9.70 17.97 15.59 6.09 12.40 1.39%
EY 6.03 6.22 7.12 7.70 5.42 7.35 3.78 10.31 5.56 6.42 16.41 8.07 -1.38%
DY 3.91 6.83 6.98 7.37 7.51 7.74 7.35 6.92 5.31 5.73 6.93 7.64 -0.99%
P/NAPS 0.69 0.69 0.78 0.82 0.81 0.75 0.74 0.77 0.96 1.10 0.96 0.96 -2.27%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
Be the first to like this. Showing 50 of 268 comments

hokf95

Haih the price went up. Gonna wait till 1.09 to all in

2021-06-03 21:21

yuhang99

https://investmiles.blogspot.com/2021/07/uoareit-5110-74.html

2021-07-11 12:44

PenguinSociety

hidden gem

2021-07-22 09:46

Kenokaya

Why this reit no dividend this year?

2021-07-22 10:54

ReaHero

Today should announce dividends

2021-07-22 16:58

ReaHero

There you go, 4.32 cents per share kenokaya :)

2021-07-22 19:35

choysun

Wah, great performance result. Looking forward to my yummy divvy. Sentral next please :)

2021-07-22 20:32

derricksyl

Good div announcement ......

2021-07-23 01:00

PenguinSociety

if you can't see the bull trend, you are missing out the big picture

2021-07-24 09:14

Kenokaya

Noted ReaHero, thks

2021-07-27 11:26

Neokek82

Very good qr, wait for next dividend announcement. Confirm more than 4.32 cent.

2021-11-18 17:36

Asia88

woohoo

2021-11-18 22:34

Kflai

Next dividend may be more than 5 cent

2021-11-18 22:46

michaeltks

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.

2021-11-20 14:19

michaeltks

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.

2021-11-20 14:19

remus

does UOA Dev has shareholding in UOA REIT? what % ? thanks

2022-01-21 12:14

Asia88

Please read the annual report. Thanks.

2022-01-21 14:42

StreetAnalyst

Post removed.Why?

2022-03-27 12:57

Thirai Thiraviam

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.

2022-04-03 18:52

SmallCapAsia

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:

https://www.smallcapasia.com/7-interesting-stock-ideas-for-june-2022-my/

2022-06-20 08:35

Asia88

Let's wait for the good news.

2022-07-16 21:22

Kenokaya

If buy tomorow 3/8 still can get dividen or not? (Before ex date 4/8) Because only tomorow got money

2022-08-02 16:59

Pinky

janji buy before ex date u will get

2022-08-03 11:05

investortrader88

Bought some tickets at RM1.12.good luck guys

2022-09-19 18:55

1LegKick

Is it a good time to enter now?

2023-01-10 18:37

1LegKick

Sg reits is a letdown , hope the price here will maintain

2023-01-10 18:39

kk t

no angpow for CNY

2023-01-17 17:43

Pinky

Still the more superior office REIT

2023-01-20 09:24

speakup

best mall reit: igbreit
best office reit: ouareit
best industrial reit: axreit
best hospital reit: alaqar
best diversified reit: sunreit

buy only the best, forget the rest!

2023-01-21 14:16

speakup

https://www.theedgemarkets.com/node/665248
is this the reason why drop?

2023-05-11 07:47

i4value

Post removed.Why?

2023-06-17 06:54

speakup

I prefer Sunreit. More diversified

2023-06-17 09:43

sg999

Result coming out on friday?

2023-07-20 21:16

DividendGuy67

Yippy, good pickup at 1.12.

2023-07-20 21:54

DividendGuy67

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.

2023-07-20 21:58

Gohhocks

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

2023-07-25 11:11

dkxinj7

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

2023-07-25 14:52

DividendGuy67

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

2023-08-07 22:13

soon9913

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

2023-08-08 12:11

JrWarren

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.

2023-08-08 14:05

DividendGuy67

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.

2023-08-23 23:38

ken

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...

2023-08-24 05:28

Yippy68

very steady reit counter with good dividend

2023-12-24 04:46

Yippy68

hope a good QR and dividend this quarter

2024-01-19 06:14

speakup

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

2024-01-19 07:37

DividendGuy67

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.

2024-01-23 23:07

shawn88

very poor mgmt reits

2024-08-12 16:13

pierre69

just bought 100 lots at RM1.02 - cheap!

2024-08-21 15:17

TheLastDance

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.

2024-08-29 12:16

queenfit

why continue drop.. ? 0.93 already.

2024-09-04 14:19

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