AOF dividend – Australian Unity Office Fund Announces 0.025 Cash Dividend

Dividends Yield

On March 22 2023, Australian Unity Office ($ASX:AOF) Fund announced a 0.025 cash dividend. This welcome news is great news for dividend investors as it offers an attractive yield of 6.55%. For the past three years, the fund has issued annual dividends per share of 0.13, 0.15 and 0.15 AUD, so it should definitely be on your list of considerations. Furthermore, the ex-dividend date for this cash dividend is set for March 30 2023. Investing in dividend stocks can be a great way to generate income with minimal risk, and the Australian Unity Office Fund’s dividend may be an attractive option for investors seeking to increase their returns.

With a yield of 6.55%, it provides investors with the potential for steady income over time, making it a sound investment decision. Moreover, the fund has demonstrated its commitment to providing consistent dividend payments by issuing annual dividends per share of 0.13, 0.15 and 0.15 AUD over the past three years, making it an attractive option for investors looking for passive income. With an attractive yield and a commitment to consistent dividend payments, it should definitely be on your list of considerations. The ex-dividend date for this cash dividend is set for March 30 2023, so now is the perfect time to start researching and exploring your options with this fund.

Share Price

On Wednesday, AUSTRALIAN UNITY OFFICE FUND stock opened at AU$1.6 and closed at AU$1.6, down by 1.6% from the previous closing price of 1.6. This dividend is a result of the company’s strong financial performance over the past quarter and is a testament to their commitment to providing shareholders with returns on their investments. With a strong portfolio of office properties located in major cities throughout Australia, the Australian Unity Office Fund continues to demonstrate its commitment to delivering quality yields for investors. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for AOF. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for AOF. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for AOF. More…

Key Ratios Snapshot

Some of the financial key ratios for AOF are shown below. More…

Analysis

At GoodWhale, we have done an analysis of AUSTRALIAN UNITY OFFICE FUND’s wellbeing. According to our Star Chart, AUSTRALIAN UNITY OFFICE FUND has a strong level of profitability, a medium level of dividend, and a weak level of asset growth. We have classified AUSTRALIAN UNITY OFFICE FUND as a ‘cow’, which is a type of company that is known for paying out consistent and sustainable dividends. Investors that may be interested in such a company are those who are looking to receive steady and reliable returns. More…

Peers

It competes in the same market with other REITs such as Inovalis Real Estate Investment Trust, Corporate Office Properties Trust, and Elme Communities. All of these companies strive to provide investors with strong returns and diversified exposure to the Australian office real estate market.

– Inovalis Real Estate Investment Trust ($TSX:INO.UN)

Inovalis Real Estate Investment Trust (IRET) is a Canadian based company that specializes in the acquisition, ownership, and management of commercial real estate. With a market capitalization of 118.99M as of 2023, the company is considered a medium-cap stock. IRET focuses on acquiring properties in the office, retirement and residential sectors across Canada, Germany and France. The trust’s portfolio consists of 67 properties in three countries with a total gross leasable area of approximately 5.2 million square feet. IRET also invests in non-real estate investments such as bonds and other financial instruments.

– Corporate Office Properties Trust ($NYSE:OFC)

Corporate Office Properties Trust (COPT) is a real estate investment trust that invests in office buildings primarily located in the United States. As of 2023, COPT had a market cap of $2.51 billion. The company is focused on acquiring, owning, and managing properties located in select submarkets of the Washington D.C. metro area, Baltimore, and select cities in the Mid-Atlantic and Southeast regions of the United States. COPT is the largest owner and manager of office properties in the Washington D.C. metropolitan region and is one of the largest owners of data center space in the United States. The company primarily leases their office spaces to government contractors and professional services companies.

– Elme Communities ($NYSE:ELME)

Elme Communities is a diversified real estate investment trust with a focus on multifamily housing. The company is headquartered in Los Angeles and operates communities throughout the United States. With a market cap of 1.46B as of 2023, Elme Communities has been able to establish itself as one of the market leaders in the multifamily housing sector. The company strives to provide quality, affordable housing through its network of well-maintained communities, which offer amenities such as pools, fitness centers, basketball courts, and more. Additionally, Elme Communities has implemented several initiatives to ensure their residents are satisfied with their living experience, such as creating a rent payment portal and offering resident service programs.

Summary

The AUSTRALIAN UNITY OFFICE FUND has a attractive dividend yield of 6.55%, with a record of issuing annual dividends per share of 0.13, 0.15 and 0.15 AUD for the last three years. This makes it an attractive investment for dividend seekers, particularly given the upcoming ex-dividend date of March 30 2023. Analysts point to its diversified assets, strong financials and experienced management as further reasons to invest.

Its financials appear stable, with a low but consistent return on equity and debt-to-equity ratio. Its management team has an impressive track record in delivering returns to shareholders.