TOWER REITS
KLSE (MYR): TWRREIT (5111)
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Last Price
0.31
Today's Change
0.00 (0.00%)
Day's Change
0.31 - 0.31
Trading Volume
17,000
Financial
Market Cap
152 Million
NOSH
491 Million
Latest Quarter
30-Sep-2024 [#1]
Announcement Date
30-Oct-2024
Next Quarter
31-Dec-2024
Est. Ann. Date
24-Jan-2025
Est. Ann. Due Date
01-Mar-2025
QoQ | YoY
-50.95% | 601.77%
Revenue | NP to SH
38,041.000 | 7,429.000
RPS | P/RPS
7.75 Cent | 4.00
EPS | P/E | EY
1.51 Cent | 20.48 | 4.88%
DPS | DY | Payout %
0.90 Cent | 2.90% | 59.56%
NAPS | P/NAPS
1.16 | 0.27
QoQ | YoY
29.61% | 140.89%
NP Margin | ROE
19.53% | 1.31%
F.Y. | Ann. Date
30-Sep-2024 | 30-Oct-2024
Latest Audited Result
30-Jun-2024
Announcement Date
01-Oct-2024
Next Audited Result
30-Jun-2025
Est. Ann. Date
01-Oct-2025
Est. Ann. Due Date
27-Dec-2025
Revenue | NP to SH
37,036.000 | 5,731.000
RPS | P/RPS
7.54 Cent | 4.11
EPS | P/E | EY
1.92 Cent | 26.55 | 3.77%
DPS | DY | Payout %
1.00 Cent | 3.23% | 85.65%
NAPS | P/NAPS
1.16 | 0.27
YoY
132.56%
NP Margin | ROE
15.47% | 1.01%
F.Y. | Ann. Date
30-Jun-2024 | 05-Aug-2024
Revenue | NP to SH
40,232.000 | 7,916.000
RPS | P/RPS
8.20 Cent | 3.78
EPS | P/E | EY
1.60 Cent | 19.22 | 5.20%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
38.13% | 601.77%
NP Margin | ROE
19.68% | 1.39%
F.Y. | Ann. Date
30-Sep-2024 | 30-Oct-2024
Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
| Date | Financial Result | Financial Ratio | Per Share Item | Performance | Valuation (End of Quarter) | Valuation (Ann. Date) | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| F.Y. | Ann. Date | Quarter | # | Revenue | PBT | NP | NP to SH | Div | Net Worth | Div Payout % | NP Margin | ROE | NOSH | RPS | Adj. RPS | EPS | Adj. EPS | DPS | Adj. DPS | NAPS | Adj. NAPS | QoQ | YoY | EOQ Date | EOQ Price | EOQ P/RPS | EOQ P/EPS | EOQ P/NAPS | EOQ EY | EOQ DY | ANN Date | ANN Price | ANN P/RPS | ANN P/EPS | ANN P/NAPS | ANN EY | ANN DY |
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
6 people like this. Showing 50 of 165 comments
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.
2018-08-18 22:08
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?
2019-02-21 17:27
REIT without dividend??? How to invest? It is better to sell the property urgently and distribute cash back
2019-05-27 16:18
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 )
2019-07-17 17:38
it is cheap with rm343 psf considering the properties is in kl and good location. Construction cost also cost more than that.
2019-07-19 10:11
Why sales keep drop?
https://klse.i3investor.com/servlets/stk/fin/5111.jsp
2019-07-28 09:17
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/
2019-08-04 11:06
if the office buildings is distribute by specie, 735,000÷280,500, then you would get 2.6 sq ft per 1000 shares
2019-08-06 17:43
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.
2019-08-24 12:54
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.
2019-10-29 09:33
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.
2020-03-03 01:18
Just disclosed under 5% with 97% occupancy did not give any confort to minority shareholders
2020-03-04 17:25
twrreit annual report jun2020 analysis
中文：
https://vitamincash.com.my/zh_CN/2020/09/04/twrreit-jun-2020-annual-report-summary/
english:
https://vitamincash.com.my/en_US/2020/09/04/twrreit-jun-2020-annual-report-summary/
2020-09-04 18:27
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.
2020-09-22 14:03
TWRREIT 1Q2021 analysis
chinese:
https://vitamincash.com.my/zh_CN/2020/10/17/twrreit-1q2021-quater-report/
English:
https://vitamincash.com.my/en_US/2020/10/17/twrreit-1q2021-quater-report/
2020-10-17 12:13
hong leong should privatised this reit. No point stay listed without much public interest.
2021-04-27 17:46
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
2022-06-20 12:29
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3324671
horrible results!
2023-01-30 22:50
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!
2023-01-30 22:53
hongleong is smart, it offload all their lousy properties to twrreit. this is good for hongleong but bad for twrreit shareholders
2023-04-20 21:36
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
2023-09-04 22:11
there are Good Reits and Bad Reits
Good ones: Axis, Sunreit, Pavreit, Kipreit, Alaqar, Igbreit
2023-09-05 07:47
OMG !!! it is not bonus, hv to paid money to subscribe, it is called right issue !!
2024-03-07 23:44
this is the worst REIT?
any hope to turnaround?
any investment opportunity?
2024-03-07 23:48
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
2024-05-07 14:01
hong leong so low lan kah? ask money from shareholders? later kena con onot?
2024-05-14 00:41
what is the difference rights issue / direct buy from open market 305 - 310?
2024-05-14 00:44
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
2 months ago
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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?
2018-08-18 07:23