PETALING JAYA: UOA Real Estate Investment Trust (REIT) saw its net profit fall 40% to RM8.98mil in the fourth quarter ended Dec 31, 2017, from RM14.94mil in the corresponding quarter in the preceding year on lower income.

During the quarter in review, UOA REIT’s total income fell 2.5% to RM20.7mil from RM21.24mil in the previous corresponding quarter.

Its earnings per share (EPS) fell to 2.12 sen from 3.53 sen.

The trust declared a final income distribution of 4.37 sen, comprising 4.12 sen taxable income and 0.25 sen tax exempt income for the financial year ended Dec 31, 2017.

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