UOA Reit
Share prices for UOAREIT (Fundamental: 1/3, Valuation: 2/3) soared 19.4% to all-time high of RM1.72 in just one week on the back of increasing trading volume, after its 4Q14 results announcement on Jan 20, 2015. Gross revenue for 2014 increased 4.6% y-y while income available for distribution rose 3.1%. 

A final income distribution of 5.73 sen per unit, payable on Feb 27, was declared. The stock will trade ex-entitlement on Feb 4. Distribution per unit (DPU) for 2014 increased slightly to 11 sen, from 10.67 sen in 2013, giving a net yield of 6.4%. 

UOAREIT owns a portfolio of six commercial properties in Kuala Lumpur worth RM1.06 billion. Notably, it has yet to meet the minimum public unitholding spread requirement and has applied to Bursa Securities for a lower limit. In September 2014, EPF bought 5.01% of UOAREIT and has since increased its stake to 5.69%.

This article first appeared in The Edge Financial Daily, on January 27, 2015.