sg999 1745 posts | Posted by sg999 > Jul 20, 2023 9:16 PM | Report Abuse Result coming out on friday? |
DividendGuy67 781 posts | Posted by DividendGuy67 > Jul 20, 2023 9:54 PM | Report Abuse Yippy, good pickup at 1.12. |
DividendGuy67 781 posts | Posted by DividendGuy67 > Jul 20, 2023 9:58 PM | 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. |
Gohhocks 238 posts | Posted by Gohhocks > Jul 25, 2023 11:11 AM | Report Abuse Dividend declared at 3.96 cents, how much net dividend if u own 1000 shares? Thanks |
dkxinj7 1 post | Posted by dkxinj7 > Jul 25, 2023 2:52 PM | Report Abuse when do i need to buy to entitle for the 3.96 cents devidend payout per share? |
DividendGuy67 781 posts | Posted by DividendGuy67 > Aug 7, 2023 10:13 PM | Report Abuse Ex-div today 3.96 cents. Closed 1.10. Nice. |
soon9913 2426 posts | Posted by soon9913 > Aug 8, 2023 12:11 PM | Report Abuse any TP for this counter? UAO reit many properties are still empty, dont get tenant yet |
JrWarren 64 posts | Posted by JrWarren > Aug 8, 2023 2:05 PM | 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. |
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DividendGuy67 781 posts | Posted by DividendGuy67 > Aug 23, 2023 11:38 PM | 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. |
ken 648 posts | Posted by ken > Aug 24, 2023 5:28 AM | 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... |
Yippy68 1655 posts | Posted by Yippy68 > Dec 24, 2023 4:46 AM | Report Abuse very steady reit counter with good dividend |
Yippy68 1655 posts | Posted by Yippy68 > Jan 19, 2024 6:14 AM | Report Abuse hope a good QR and dividend this quarter |
speakup 24773 posts | Posted by speakup > Jan 19, 2024 7:37 AM | 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 |
DividendGuy67 781 posts | Posted by DividendGuy67 > Jan 23, 2024 11:07 PM | 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. |
Yippy68 1655 posts | Posted by Yippy68 > Mar 22, 2024 7:02 AM | Report Abuse expecting a better 2024 |