KUALA LUMPUR (May 22): UOA Real Estate Investment Trust reported a net rental income of RM14.7 million for the first quarter ended March 31, 2018, little changed compared to the same period last year.

In a filing with Bursa Malaysia, UOA REIT said gross rental fell 4% to RM19.6 million from RM20.4 million previously.

Realised earnings per unit dropped to 2.13 sen from 2.24 sen.

UOA REIT declared an income distribution of 2.03 sen per unit (including a non-taxable portion of about 0.08 sen per unit).

Moving forward, the REIT's manager, UOA Asset Management Sdn Bhd, said it will continue to seek opportunities to further acquire real estate that meets the objective of UOA REIT.

UOA REIT's share price closed at RM1.41 yesterday, for a market capitalisation of RM596.25 million. — theedgemarkets.com

For more stories, download EdgeProp.my pullout here for free.

SHARE
SPONSORED CONTENT
LUMEO @ The Atera: Dual-key TOD with 61 facilities for connected living, steady returns in heart of Petaling Jaya

Not only is the development perfectly positioned with walkable access to Asia Jaya LRT and tertiary institutions like BAC and City University, residents also enjoy the full benefits of a fully matured PJ township packed with everyday amenities — beautifully encapsulating the pinnacle of modern urban living.

read more
RELATED POSTS
  1. REITs face near-term volatility as new tax regime takes effect
  2. REIT index hits three-month low after Malaysia ends decade-long withholding tax perk
  3. Malaysia stops giving preferential rate for REIT withholding tax