Shares in Malaysia-based real estate investment trust (REIT) United Overseas Australia Limited (ASX: UOS) are flat at 77.5 cents today despite the group guiding investors to expect an unaudited net profit of $49 million in financial year 2019. This would represent growth of around 14% on the prior year’s result of $43 million.
Over the past year the shares are up around 20% from 65 cents a share with the group paying 5.5 cents per share in dividends along the way. That places it on a term-deposit-thumping yield of 7%, although without franking credits as the group earns its profits overseas.
UOS is also investing heavily in new commercial developments that could help grow cash flows into the future.
Other more well known REIT or commercial property businesses that have performed superbly over the past year include Charter Hall Group (ASX: CHC) and Mirvac Group (ASX: MGR). They are up 71% and 32% respectively which goes to show how the ultra-low rate environment is leading investors to bid traditional yield shares higher.
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Motley Fool contributor Tom Richardson has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019