Chris Tan's comment on UOAREIT. All Comments

Chris Tan
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How is UOAREIT able to pay out 7% dividend with it's revenue and profit dropping?
Marcus Keong
Unlike IGBREIT and KLCC, it's price is lower than its net asset value. Hence the dividend yield looks attractive
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Chris Tan
Do you just mean IGBREIT and KLCC are paying less than they could?
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Marcus Keong
Partly yes. Another reason is their share prices are too expensive, and hence we shareholder get less dividend yield out of our purchase.
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Chris Tan
Thanks for the insights buddy.
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Marcus Keong
No problem bud. UOA and IGB are giving almost the same dividend aka income distribution, but with a big price difference. One is RM1.30, another is RM2, thus UOA dividend yield will be much attractive compared to IGB. Most prefer to buy the famous megamall shares instead of a not well known commercial offices shares.
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G.T.
A class commercial offices like UOA is a surplus, which makes investors turn away. Shares price hitting 1 year low of 1.27.
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