Financials Uoa Real Estate Investment

Equities

UOAREIT

MYL5110TO000

Commercial REITs

End-of-day quote BURSA MALAYSIA Other stock markets 18:00:00 2024-05-07 EDT			5-day change	1st Jan Change
1.1 ^MYR	0.00%		-0.90%	0.00%

05-03	UOA REIT's Net Rental Income Drops in Q1	MT
05-02	Uoa Real Estate Investment Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	520.1	763.4	776.9	776.9	743.2	743.2	-	-
Enterprise Value (EV) ¹	793.3	1,462	776.9	773	738.9	739	738.8	738.7
P/E ratio	26.2 x	13.8 x	18.5 x	12.8 x	13.8 x	13.5 x	13.3 x	13.9 x
Yield	7.41%	7.47%	7.51%	7.5%	7.11%	6.23%	6.5%	6.82%
Capitalization / Revenue	6.61 x	10.6 x	6.68 x	6.79 x	6.59 x	6.79 x	6.54 x	6.27 x
EV / Revenue	10.1 x	20.2 x	6.68 x	6.76 x	6.55 x	6.75 x	6.51 x	6.23 x
EV / EBITDA	15.1 x	32 x	9.62 x	9.53 x	9.86 x	9.92 x	9.54 x	9.24 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.74 x	0.78 x	0.78 x	0.78 x	0.75 x	0.74 x	0.74 x	-
Nbr of stocks (in thousands)	422,872	675,599	675,599	675,599	675,599	675,599	-	-
Reference price ²	1.230	1.130	1.150	1.150	1.100	1.100	1.100	1.100
Announcement Date	20-01-22	21-01-21	22-01-20	23-02-28	24-01-22	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	78.73	72.36	116.4	114.4	112.8	109.4	113.6	118.6
EBITDA ¹	52.63	45.64	80.76	81.12	74.95	74.5	77.4	79.9
EBIT	52.61	45.59	80.7	81.03	74.82	-	-	-
Operating Margin	66.81%	63%	69.36%	70.84%	66.31%	-	-	-
Earnings before Tax (EBT) ¹	40.99	38.44	40.04	60.98	52.4	50.25	52.35	53.4
Net income ¹	19.84	34.75	42.1	60.87	53.85	50.1	52.15	53.1
Net margin	25.19%	48.03%	36.19%	53.22%	47.72%	45.77%	45.93%	44.77%
EPS ²	0.0469	0.0816	0.0623	0.0901	0.0797	0.0815	0.0830	0.0790
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0911	0.0844	0.0864	0.0862	0.0782	0.0685	0.0715	0.0750
Announcement Date	20-01-22	21-01-21	22-01-20	23-02-28	24-01-22	-	-	-

¹MYR in Million²MYR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period:

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	273	699	-	-	-	-	-	-
Net Cash position ¹	-	-	-	3.91	4.3	4.2	4.4	4.5
Leverage (Debt/EBITDA)	5.191 x	15.31 x	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	2.77%	4.12%	4.27%	6.12%	5.41%	5%	5.25%	5.3%
ROA (Net income/ Total Assets)	1.89%	2.47%	2.41%	3.52%	3.11%	2.8%	3%	-
Assets ¹	1,048	1,405	1,748	1,731	1,733	1,789	1,738	-
Book Value Per Share ²	1.670	1.450	1.470	1.470	1.470	1.480	1.490	-
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	0.17	702	0.01	0.69	3.84	-	0.25	-
Capex / Sales	0.21%	970.06%	0.01%	0.6%	3.4%	-	0.22%	-
Announcement Date	20-01-22	21-01-21	22-01-20	23-02-28	24-01-22	-	-	-

¹MYR in Million²MYR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Uoa Real Estate Investment

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.1 MYR

Average target price

1.145 MYR

Spread / Average Target

+4.09%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Commercial REITs

	1st Jan change	Capi.
UOA REAL ESTATE INVESTMENT	0.00%	157M
REALTY INCOME CORPORATION	-4.58%	47.71B
ALEXANDRIA REAL ESTATE EQUITIES, INC.	-6.84%	20.65B
SEGRO PLC	+0.27%	13.7B
UNIBAIL-RODAMCO-WESTFIELD SE	+18.29%	11.82B
CAPITALAND INTEGRATED COMMERCIAL TRUST	-5.34%	9.63B
FEDERAL REALTY INVESTMENT TRUST	-0.91%	8.47B
CAPITALAND ASCENDAS REIT	-15.18%	8.36B
KLÉPIERRE	+2.27%	7.76B
FIBRA UNO	-17.66%	5.66B

Other Commercial REITs