TOWER REITS

KLSE (MYR): TWRREIT (5111)

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Last Price

0.305

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


6 people like this.

165 comment(s). Last comment by James Ng 1 month ago

dunspace

348 posts

Posted by dunspace > 2018-08-18 07:23 | Report Abuse

Anyone know why can TWREIT distribute 88.5% of net income? I thought it is by the rule that a REIT must distribute 90% and above?

gforce2

208 posts

Posted by gforce2 > 2018-08-18 22:08 | Report Abuse

This is an interim dividend, only the 2nd quarter. TWRREIT needs to make sure that it fulfills the 90% requirement for the full year, or else be liable to 24% corporate tax.

dunspace

348 posts

Posted by dunspace > 2018-08-19 09:11 | Report Abuse

Thanks for clarification~

Posted by limyok123 > 2018-08-20 16:13 | Report Abuse

Thanks for the elucidation.

Posted by AntiPondan2 > 2018-11-17 06:44 | Report Abuse

QR getting worse and worse. Will Twr Reit drop to 50-60 sen?

Leesk

340 posts

Posted by Leesk > 2018-12-20 12:49 | Report Abuse

Anything's can happen. why not hong leong privatised it

newbie4444

1,264 posts

Posted by newbie4444 > 2019-02-13 05:58 | Report Abuse

Loss QR why no drop?

ZeaXG

303 posts

Posted by ZeaXG > 2019-02-21 17:27 | Report Abuse

Loss QR is because of deferred tax due to RPGT disposal >5 years tax rate changed. If the REIT does not intend to dispose, then this should be a non-issue. On the flip side, the figure you should be focusing should be the revenue which has actually gone up.

You should be asking... Revenue up why no up?

Posted by qingqingqing > 2019-05-06 21:36 | Report Abuse

Why no dividend declare for 2 quatters?

ACE9696

185 posts

Posted by ACE9696 > 2019-05-08 23:44 | Report Abuse

hang zheng pai

Leesk

340 posts

Posted by Leesk > 2019-05-27 16:18 | Report Abuse

REIT without dividend??? How to invest? It is better to sell the property urgently and distribute cash back

Posted by Airline Bobby > 2019-06-04 09:45 | Report Abuse

Lousy management

ZeaXG

303 posts

Posted by ZeaXG > 2019-06-20 15:53 | Report Abuse

Keep yo-yoing between 0.87 and 0.91

Posted by bryantfc > 2019-07-17 17:38 | Report Abuse

Discounted Properties. Chance to own office properties at a discounted price at RM343 psf =rm.090 (current price) X 280,500,000 (number of shares) / 735,017 (Net Lettable Area )

Leesk

340 posts

Posted by Leesk > 2019-07-19 10:11 | Report Abuse

it is cheap with rm343 psf considering the properties is in kl and good location. Construction cost also cost more than that.

newbie4444

1,264 posts

Posted by newbie4444 > 2019-07-28 09:17 | Report Abuse

Why sales keep drop?
https://klse.i3investor.com/servlets/stk/fin/5111.jsp

Posted by bryantfc > 2019-08-04 11:06 | Report Abuse

Drop in rental, Plus point is reductions in rental increases growth rates from excess capacity.
https://themalaysianreserve.com/2019/05/30/office-rental-rates-to-drop-in-next-12-months/

Leesk

340 posts

Posted by Leesk > 2019-08-06 17:43 | Report Abuse

if the office buildings is distribute by specie, 735,000÷280,500, then you would get 2.6 sq ft per 1000 shares

kahhoeng

3,950 posts

Posted by kahhoeng > 2019-08-24 12:54 | Report Abuse

err... meaning 300,000 shares would be entitled to 780 square feet of space at a cost of less than RM 270,000. Would be great if those spaces are distributed then, haha... an apartment for RM 270,000 at prime area.

gforce2

208 posts

Posted by gforce2 > 2019-10-29 09:33 | Report Abuse

https://www.theedgemarkets.com/article/hong-leongs-tower-reit-reinvent-coworking-space

The innovation centre is expected to occupy 250,000 sq ft or about 65% of the total 385,215 sq ft net lettable area in Menara HLA.

Chua is optimistic that 250,000 sq ft of space to be offered by the innovation centre will be fully occupied by tenants after renovation works are completed by end-2020.

Currently, about 100,000 sq ft have been taken up by six tenants including local training academy KCOM Group and a co-working space operator.

lcteh88

90 posts

Posted by lcteh88 > 2020-02-21 16:00 | Report Abuse

Keep dropping . Infected by Virus ?

gforce2

208 posts

Posted by gforce2 > 2020-03-03 01:18 | Report Abuse

https://www.theedgemarkets.com/article/guocoland-sell-menara-guoco-tower-reit-rm242m

KUALA LUMPUR (March 2): GuocoLand (Malaysia) Bhd is selling Menara Guoco in Damansara Heights here to Tower Real Estate Investment Trust (Tower REIT) for RM242.1 million cash, in a related party transaction (RPT).

Menara Guoco is a 19-storey office building which forms part of an integrated commercial development known as Damansara City, comprising another office building, a hotel, a retail mall, serviced apartments and car parks.

As at Feb 6, 2020, the building has an occupancy rate of about 97.1% and is expected to increase Tower REIT's pro forma occupancy rate for its portfolio to 59.8% from 48.1%.

Upon completion of the proposed acquisition, Tower REIT's consolidated asset base is expected to increase about 42.3% to RM814.3 million and the average building age of its property portfolio is expected to decrease to 18 years from 23.

The proposed disposal is expected to be completed by the third quarter of 2020.

===

The rental market for commercial office space has been facing a glut for years now. Yield on this property is under 5% p.a.with 97.1% occupancy and they're estimating 100% loan @4.3% p.a.

I don't expect DPU to improve too much in the short-term, but it will probably help to stabilize the dividend as the other two office buildings currently have less than 50% occupancy! If you look at their last quarterly result, yields have possibly fallen below 2.5%! Menara HLA is still under renovation!

Who else wins?
1. Guocoland, as they cash-out a relatively low yield asset and lower their borrowings.
2. Hong Leong Bank, as they will probably issue the RM242m loan themselves @4.3% p.a.
3. GLM REIT Management, the REIT management company, since their earnings depend on the NAV of the properties.

Leesk

340 posts

Posted by Leesk > 2020-03-04 17:23 | Report Abuse

what is the exact property yield for this acquisition?

Leesk

340 posts

Posted by Leesk > 2020-03-04 17:25 | Report Abuse

Just disclosed under 5% with 97% occupancy did not give any confort to minority shareholders

reitpulse

33 posts

Posted by reitpulse > 2020-09-21 08:17 |

Post removed.Why?

ZeaXG

303 posts

Posted by ZeaXG > 2020-09-22 14:03 | Report Abuse

Thanks for the summary and analysis @investfuture and @reitpulse. At this point, it feels like it will take a massive economic growth in Malaysia in order to for demand in office space to cover the supply. In that sense, I am not so optimistic about tower reit's immediate prospects. Maybe within another 10 years before the reit shows any improvement in its occupancy rates. Just my 2 cents.

Leesk

340 posts

Posted by Leesk > 2021-04-27 17:46 | Report Abuse

hong leong should privatised this reit. No point stay listed without much public interest.

reitpulse

33 posts

Posted by reitpulse > 2021-10-24 10:41 |

Post removed.Why?

Posted by Goldenhorse > 2022-06-20 12:29 | Report Abuse

They recently coved in Guoco tower into Tower REIT, Interesting when Damansara Pavilion completes. Will this place appreciate in value? There is an MRT connected and highways to this place. could this be the next Mid Valley ? I think they should introduce more F&B space for the offices towers. So that staff can easily eat and work. now all back to office

Posted by Goldenhorse > 2022-06-20 14:19 | Report Abuse

Carpark business recovering. Work in office is back.

speakup

27,028 posts

Posted by speakup > 2023-01-30 22:53 | Report Abuse

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!

James Lee

77 posts

Posted by James Lee > 2023-04-20 20:22 | Report Abuse

This stock is rubbish

James Lee

77 posts

Posted by James Lee > 2023-04-20 20:23 | Report Abuse

The whole management and board of directors are like shit

speakup

27,028 posts

Posted by speakup > 2023-04-20 21:36 | Report Abuse

hongleong is smart, it offload all their lousy properties to twrreit. this is good for hongleong but bad for twrreit shareholders

speakup

27,028 posts

Posted by speakup > 2023-07-31 21:23 | Report Abuse

WOW! massive Q loss! 😱 tomorrow sure limit down

INV3ST0R

133 posts

Posted by INV3ST0R > 2023-09-04 22:11 | Report Abuse

lol most incompetent REIT manager ever. They could've returned some capital to shareholders after the previous divestment but NOOooo... they took on more loan to buy a crap property XD

speakup

27,028 posts

Posted by speakup > 2023-09-05 07:47 | Report Abuse

there are Good Reits and Bad Reits
Good ones: Axis, Sunreit, Pavreit, Kipreit, Alaqar, Igbreit

ACE9696

185 posts

Posted by ACE9696 > 2024-01-05 13:34 | Report Abuse

bonus coming soon…

curiousq

1,089 posts

Posted by curiousq > 2024-03-07 23:44 | Report Abuse

OMG !!! it is not bonus, hv to paid money to subscribe, it is called right issue !!

curiousq

1,089 posts

Posted by curiousq > 2024-03-07 23:48 | Report Abuse

this is the worst REIT?
any hope to turnaround?
any investment opportunity?

ronnie2u

667 posts

Posted by ronnie2u > 2024-03-08 15:31 | Report Abuse

now asking for more funds via rights issue

ltpklse

6 posts

Posted by ltpklse > 2024-05-07 14:01 | Report Abuse

What is the use of getting more funds while the profitability has been steadily decreasing for years? Might as well liquidate all assets (NTA RM1.78) and distribute proceeds to unit holders. There is a trust deficit issue in this REIT

zildjian

38 posts

Posted by zildjian > 2024-05-14 00:41 | Report Abuse

hong leong so low lan kah? ask money from shareholders? later kena con onot?

zildjian

38 posts

Posted by zildjian > 2024-05-14 00:44 | Report Abuse

what is the difference rights issue / direct buy from open market 305 - 310?

James Ng

2,705 posts

Posted by James Ng > 1 month ago | Report Abuse

买店等于把钱丢进大海?房产过剩,case study: TOWER REITS
https://klse.i3investor.com/web/blog/detail/general/2024-09-25-story-h470021574

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