Company Tower Real Estate Investment Trust

Equities

TWRREIT

MYL5111TO008

Commercial REITs

End-of-day quote BURSA MALAYSIA 23:00:00 15/05/2024 BST 5-day change 1st Jan Change
0.32 MYR +1.59% Intraday chart for Tower Real Estate Investment Trust +1.59% -13.51%

Business Summary

Tower Real Estate Investment Trust is a Malaysia-based real estate investment trust (REIT). The principal activity of the trust is to own and invest in real estate and real estate related assets. The investment objective of the trust is to invest primarily in a portfolio of real estate including office buildings, commercial properties, residential properties, and industrial properties to provide unitholders with regular and stable distributions, achieve an attractive level of return from rental income and medium to long-term growth in the net asset value (NAV) per unit. Its portfolio consists of three commercial office buildings, including Menara HLX, Plaza Zurich, and Menara Guoco. Menara HLX is situated in Jalan Kia Peng of Kuala Lumpur. Plaza Zurich is situated Jalan Gelenggang, Bukit Damansara of Kuala Lumpur. Menara Guoco is in Jalan Damanlela, Bukit Damansara of Kuala Lumpur. The Investment manager of the REIT is GLM REIT Management Sdn Bhd.

Sales per Business

MYR in Million2022Weight2023Weight Delta
Rental
63.2 %
21 64.1 % 21 63.2 % +2.30%
Service Charge
27.3 %
9 27.9 % 9 27.3 % +1.46%
Car Park
5.3 %
1 3.9 % 2 5.3 % +42.55%
Others
4.2 %
1 4.1 % 1 4.2 % +8.44%

Sales per region

MYR in Million2022Weight2023Weight Delta
Malaysia
100.0 %
33 100.0 % 34 100.0 % +3.87%

Managers

Managers TitleAgeSince
Chief Executive Officer 50 12-14
Director/Board Member 44 06/02/22
Corporate Secretary - -
Corporate Officer/Principal 71 16/02/14

Members of the board

Members of the board TitleAgeSince
Director/Board Member 68 31/08/20
Corporate Officer/Principal 71 16/02/14
Chairman 69 -
Director/Board Member 68 24/07/19
Director/Board Member 44 06/02/22
Director/Board Member 53 30/06/21

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 490,875,000 367,789,300 ( 74.93 %) 0 74.93 %

Company contact information

Tower Real Estate Investment Trust

Menara Guoco Damansara City, No. 6

50490, Kuala Lumpur

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http://www.tower-reit.com
address Tower Real Estate Investment Trust(TWRREIT)
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