November 2014

25 November 2014
Comments Off

Note : No Updates till 10-Dec-14 as I’ll be overseas

 

Results Announcement

  • 3 Nov 14 : CitySpring (Updated)
  • 3 Nov 14 : OUE-HTrust (Updated)
  • 4 Nov 14 : Rickmers (Updated)
  • 4 Nov 14 : PCRT (Updated)
  • 6 Nov 14 (AM) : APTT (Updated)
  • 6 Nov 14 (AM) : AscottREIT (Updated)
  • 6 Nov 14 : A-HTrust (Updated)
  • 7 Nov 14 (AM) : FE-HTrust (Updated)
  • 11 Nov 14 : Saizen (Updated)
  • 11 Nov 14 : Fortune (Updated)
  • 12 Nov 14 (AM) : CRT (Updated)
  • 12 Nov 14 : LMIR (Updated)
  • 13 Nov 14 : Religare (Updated)

 

 

 

 

REITs : Average Yield = 6.508%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Viva Ind Tr

Q3 – Sep14

1.687

$0.800

8.366%

$0.748

45.70%

Biz Park (77.6%) + Hotel (18.6%) + Logistics (3.8%) by Valuation

SoilbuildBizREIT

Q3 – Sep14

1.546

$0.795

7.779%

$0.800

30.30%

Business Park (2) + Industrial (6)

IREIT Global

FY14 – IPO

3.330

$0.890

7.483%

$0.780

33.20%

Offices : Germany

AIMSAMP Cap Reit

Q2 – Sep14

2.770

$1.460

7.589%

$1.523

32.20%

Industrial (26)

Lippo Malls Tr

Q3 – Sep14

0.690

$0.375

7.360%

$0.415

28.30%

Retail (Indonesia) – 16

Cache Log Trust

Q3 – Sep14

2.140

$1.160

7.319%

$0.970

35.00%

Industrial : Singapore (14) + Shanghai (1)

Sabana REIT

Q3 – Sep14

1.810

$0.965

7.440%

$1.060

37.00%

Industrial (22)

OUE Htrust

Q3 – Sep14

1.640

$0.900

7.289%

$0.900

32.70%

Hotel (69%) + Retail (31%) by Asset

Cambridge Ind Tr

Q3 – Sep14

1.250

$0.680

7.293%

$0.684

33.90%

Industrial (49)

Mapletree Ind Tr

Q2 – Sep14

2.600

$1.470

7.075%

$1.200

33.10%

Industrial (85)

Ascendas-hTrust

1H – Sep14

2.507

$0.685

7.320%

$0.730

38.30%

Hotels (12) : Australia (56%) + Singapore (20%) + Japan (15%) + China (9%) by NPI

OUE COMMERCIAL REIT

Q3 – Sep14

1.400

$0.800

7.000%

$1.050

39.80%

Retail (10.9%) + Office (89.1%) by Revenue

FHT

FY14 – IPO

3.040

$0.870

6.969%

$0.830

41.70%

Hotel (60.7%) + Serviced Apt (39.3%)

Saizen REIT

2H – Jun14

3.100

$0.890

6.966%

$1.140

38.00%

Residential (Japan) – 137

Mapletree GCC Tr

1H – Sep14

3.162

$0.950

6.638%

$1.042

37.70%

Retail + Office (China + HK)

Ascendas Reit

1H – Sep14

7.300

$2.310

6.320%

$2.070

32.60%

Industrial : Singapore (104) + China (2)

First REIT

Q3 – Sep14

2.020

$1.225

6.571%

$0.970

32.90%

Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3)

Mapletree Log Tr

Q2 – Sep14

1.880

$1.165

6.455%

$0.950

33.30%

Industrial (113)

Ascott Reit

Q3 – Sep14

2.110

$1.260

6.698%

$1.350

40.00%

Serviced Apts (86) : AsiaPacific (65.7%) + Europe (34.3%) by Valuation

StarhillGbl Reit

Q3 – Sep14

1.270

$0.810

6.222%

$0.920

29.10%

Retail (86.4%) + Office (13.0%) by Revenue

Frasers Com Tr

Q4 – Sep14

2.215

$1.460

6.007%

$1.590

37.10%

Office + Retail (4)

Keppel Reit

Q3 – Sep14

1.850

$1.240

5.919%

$1.390

42.10%

Offices : Singapore (5) + Australia (5)

CDL Htrust

Q3 – Sep14

2.610

$1.690

6.130%

$1.600

30.20%

Hotels : Singapore (77.1%) + Australia (10.5%) + NZ (4.5%) + Maldives (7.9%) by Valuation

Far East HTrust

Q3 – Sep14

1.320

$0.820

6.439%

$0.976

31.40%

Hotels (66.5%) + Serviced Apts (14.7%) + Commercial (18.8%) by Revenue

Fortune Reit HKD

1H – Jun14

20.880

$7.420

5.628%

$10.990

31.20%

Retail (HK) – 17

Frasers Cpt Tr

Q4 – Sep14

2.785

$1.910

5.857%

$1.850

29.30%

Retail (6) + 31.17% of Hektar (MREIT)

CapitaR China Tr

Q3 – Sep14

2.350

$1.605

5.807%

$1.470

30.80%

Retail (China) – 10

Mapletree Com Tr

Q2 – Sep14

1.970

$1.420

5.549%

$1.160

38.00%

Retail + Office

CapitaMall Trust

Q3 – Sep14

2.720

$1.980

5.449%

$1.760

34.10%

Retail (16) + Office

SPHREIT

Q4 – Aug14

1.390

$1.060

5.245%

$0.930

26.00%

Retail (2)

Suntec Reit

Q3 – Sep14

2.328

$1.935

4.820%

$2.033

34.40%

Retail + Office

CapitaCom Trust

Q3 – Sep14

2.100

$1.700

4.941%

$1.670

30.20%

Office (66%) + Retail (20%) + Hotel (14%) by Gross Rental Income

ParkwayLife Reit

Q3 – Sep14

2.900

$2.400

4.833%

$1.600

34.60%

Hospitals + Nursing Homes = 47

NOTES :

  • Mkt Price is as on 25-Nov-14
  • FortuneREIT : DPU Not Paid as Semi-Annual Payout Policy
  • Saizen : DPU Not Paid as Semi-Annual Payout Policy
  • AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
  • OUE C-Trust : DPU Not Paid as Semi-Annual Payout Policy
  • CDL H-Trust : DPU Annualised DPU = 10.36ct ; DPU Not Paid as Semi-Annual Payout Policy
  • CRCT : Annualised DPU = 9.32ct ; DPU Not Paid as Semi-Annual Payout Policy
  • MGCCT : Annualised DPU = 6.306ct
  • FCT : Above Yield is Computed using last 4Qs DPU = 11.187ct ie 2.5ct (Dec13) + 2.785ct (Sep14) + 3.022ct (Jun14) + 2.88ct (Mar14)
  • CLT : Annualised DPU = 8.49ct
  • Cambridge : Annualised DPU = 4.959ct
  • SB REIT : Annualised DPU = 6.184ct
  • Suntec : Annualised DPU = 9.326ct ; Includes Capital = 0.04ct
  • VIT : Annualised DPU = 6.693ct
  • FCOT : Annualised DPU = 8.77ct
  • FirstREIT : Annualised DPU = 8.05ct
  • CMT : Annualised DPU = 10.79ct
  • Sabana : Annualised DPU = 7.18ct
  • A-HTrust : DPU Not Paid as Semi-Annual Payout Policy
  • IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
  • StarHill Global : Annualised DPU = 5.01ct
  • A-REIT : DPU Semi-Annual Payout Policy fm FY15(Mar)
  • Keppel REIT : Annualised DPU = 7.62ct
  • FHT : IPO Prospectus ; DPU : FY14 (1-Apr-14 to 30-Sep-14) = 3.04ct / 2.86ct if Exclude Top Up ; FY15 = 6.16ct (5.72ct if Exclude) ; Gearing = 41.7% ; NAV = $0.83 ; Listing on 14-Jul-14 2pm @ $0.88
  • PLife : Annualised DPU = 11.28ct
  • OUE C-REIT : IPO Prospectus ; DPU : FY14 = 5.44ct / 4.45ct if Exclude Income Support ; FY15 = 5.51ct (4.6ct if Exclude) ; Gearing = 42.3% ; NAV = $1.043 ; Listing on 27-Jan-14 2pm @ $0.88
  • Saizen : 5-to-1 Unit Consolidation on 5-Nov-13
  • Viva Industrial Trust : IPO Prospectus ; DPU : FY13 = 3.42ct (1-Jul-13 to 31-Dec-13) / 2.23ct if Exclude Income Support ; FY14 = 6.87ct (4.79ct if Exclude) ; FY15 = 7.03ct (5.19ct if Exclude) ; Gearing = 40.2% ; NAV = $0.74 ; Listing on 4-Nov-13 2pm @ $0.78
  • MLT : Includes 0.2ct Divestment Gain for 8 Qs from Q114 (Jun13)
  • SoilBuild Business Space REIT : IPO Prospectus ; DPU : FY13 = 4.37ct (1-Apr-13 to 31-Dec-13) / FY14 = 5.97ct ; Yield : FY13 = 7.47% / FY14 = 7.654% ; Gearing = 29.9% ; NAV = $0.80 ; Listing on 16-Aug-13 2pm @ $0.78
  • OUE H-Trust : IPO Prospectus ; DPU : FY13 = 4.77ct (1-Apr-13 to 31-Dec-13) / FY14 = 6.57ct ; Yield : FY13 = 7.194% / FY14 = 7.466% ; Gearing = 33.2% ; NAV = $0.903 ; Listing on 25-Jul-13 2pm @ $0.78
  • SPH REIT : IPO Prospectus ; DPU : FY13 (Aug) = 2.51ct (1-Mar-13 to 31-Aug-13) / FY14 (Aug) = 5.21ct ; Yield : FY13 = 5.578% / FY14 = 5.789% ; Gearing = 27.3% ; NAV = $0.88 ; Listing on 24-Jul-13 2pm @ $0.90
  • MGCT : IPO Prospectus ; DPU : FY14 (Mar) = 5.24ct / FY15 (Mar) = 5.69ct ; Yield : FY14 = 5.634% / FY15 = 6.118% ; Gearing = 43% ; NAV = $0.91 ; Listing on 7-Mar-13 2pm @ $0.93

  
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q3 – Sep14

0

$0.102

0.000%

$0.400

Shipping Trust

RickmersMaritime

Q3 – Sep14

0.6

$0.285

10.975%

$0.580

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3033:US$1 fm Yahoo Finance)
  • Rickmers : 23% Payout
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13

   
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

CitySpring Trust

Q2 – Sep14

0.82

$0.535

6.131%

$0.192

Infrastructure – Water + Gas + Power

Keppel Infra Tr

1H – Jun14

7.82

$1.070

7.308%

$0.930

Energy (Incineration) + Water (NEWater)

Ascendas-iTrust

1H – Sep14

2.4

$0.810

5.926%

$0.620

India – Industrial Park

Indiabulls Trust

2H – Mar14

0.0162

$0.119

0.266%

$0.341

India – Office

HPH Trust USD

2H – Dec13

22.3

$0.690

7.661%

HK$7.23

Ports – HK + China

Forterra Trust

1H – Jun14

$2.250

0.000%

$3.840

China – Retail + Office + Industrial

Perennial CRT

Q3 – Sep14

0.95

$0.545

6.917%

$0.750

China Retail

Religare Htrust

1H – Sep14

3.61

$1.010

7.149%

$0.867

India – Healthcare

Croesus Rtrust

Q1 – Sep14

2.08

$0.940

8.777%

Y72.57

Japan – Retail (7)

Asian Pay TV Tr

1H – Jun14

4.12

$0.870

9.483%

$0.900

Taiwan PayTV

Accordia Golf Tr

FY15 (Mar) – IPO

6.8

$0.805

8.447%

$0.921

Japan Golf Courses – 89

NOTES :

  • CroesusRT : Exchange Rate Y100 = S$1.1038 ; Annualised DPU = 8.25ct
  • APTT : Above Yield uses DPU = 8.25ct ie 1H14 = 4.12ct + 2H13 = 4.13ct ; Quarterly DPU Payout from Q314 ; Q314 = 2ct ; Reaffirmed Q414 = 2.13ct
  • PCRT : Annualised Yield = 3.77ct ; Semi-Annual Dividend Payout Policy but will pay Q3 due to Conditional Offer by St James (now known as Perennial Real Estates Hldgs)
  • a-iTrust : Above DPU is based on 90% Payout
  • Accordia Golf Trust : IPO Prospectus ; DPU : FY15 (1-Aug-14 to 31-Mar-15) = 6.2ct / Annualised = 6.8ct (Excl. Non-Recurring) – Used in Above Yield Computation or 8.8ct (Incl Non-Recurring) ; Gearing & NAV Computed Using IPO Prospectus Figures ; Listing on 1-Aug-14 2pm @ $0.97
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7562:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun14) = HK18.7ct + 2H (Dec13) = HK22.3ct
  • KIT : 1H14 DPU Payout = 3.13ct ; 2H13 DPU Payout = 4.69ct ; Above Table Uses 2H13 + 1H14 DPU = 7.82ct to Calculate Yield
  • CitySpring : Guidance for FY15 DPU = 3.28ct ie 0.82ct / Q
  • Indiabulls : No DPU Payout as Semi-Annual Policy
  • Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
  • APTT : Prospectus ; IPO @ $0.97 ; FY13 DPU = 7.29ct Yield = 7.51% ; FY14 DPU = 8.25ct Yield = 8.51% ; List on 29-May-13 2pm
  • Croesus : Prospectus ; IPO @ $0.93 ; FY14 DPU = 7.39ct Yield = 7.946% ; FY15 DPU = 7.49ct Yield = 8.054% ; Gearing = 43.7% ; List on 10-May-13 2pm
  • Forterra (TCT) : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
  • Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
  • Indiabulls : Maiden DPU on 1H (sep12) Declared since Listing on 11-Jun-08

 

 

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Performance – October 2014

2 November 2014
Comments Off

STI +3.372% : 3274.25 (Oct-14) vs 3167.43 (2013)

Rank – Capital Gains

REIT

Oct-14

Dec-13

Gain

CapitaRChina

$ 1.630

$ 1.330

22.6%

MCT

$ 1.430

$ 1.190

20.2%

First REIT

$ 1.230

$ 1.060

16.0%

SuntecReit

$ 1.785

$ 1.540

15.9%

CapitaComm

$ 1.670

$ 1.450

15.2%

Fortune Reit HK$

$ 7.070

$ 6.240

13.3%

MGCT

$ 0.945

$ 0.840

12.5%

FCOT

$ 1.420

$ 1.270

11.8%

MapletreeLog

$ 1.175

$ 1.055

11.4%

FrasersCT

$ 1.945

$ 1.760

10.5%

MIT

$ 1.475

$ 1.335

10.5%

SPH REIT

$ 1.055

$ 0.980

7.7%

CDL Htrust

$ 1.725

$ 1.640

5.2%

CLT

$ 1.170

$ 1.115

4.9%

AIMSAMPIReit

$ 1.490

$ 1.430

4.2%

OUE H-Trust

$ 0.910

$ 0.875

4.0%

StarHill

$ 0.815

$ 0.785

3.8%

CapitaMall

$ 1.970

$ 1.905

3.4%

VIT

$ 0.800

$ 0.775

3.2%

K-REIT

$ 1.220

$ 1.185

3.0%

AscottREIT

$ 1.240

$ 1.205

2.9%

IREIT

$ 0.895

$ 0.880

1.7%

ParkwayLife Reit

$ 2.390

$ 2.350

1.7%

Ascendasreit

$ 2.230

$ 2.200

1.4%

SB REIT

$ 0.780

$ 0.770

1.3%

Cambridge

$ 0.695

$ 0.690

0.7%

OUE C-REIT

$ 0.805

$ 0.800

0.6%

FHT

$ 0.885

$ 0.880

0.6%

SaizenREIT

$ 0.915

$ 0.925

-1.1%

FE-HTrust

$ 0.830

$ 0.840

-1.2%

A-HTrust

$ 0.705

$ 0.720

-2.1%

Sabana REIT

$ 0.990

$ 1.080

-8.3%

LippoMapleT

$ 0.370

$ 0.415

-10.8%

NOTES :

  • Not Adjusted for Rights or New Issues Which May Be at a Discount
  • Oct-14: End Oct-14 Mkt Price
  • Dec-13 : End Dec-13 Mkt Price
  • Gain : Capital Gains = (Oct-14 Mkt Price – Dec-13 Mkt Price) / (Dec-13 Mkt Price)
  • OUE C-REIT : Listed on 25-Jan-14 2pm @ $0.88
  • FHT : Listed on 14-Jul-14 2pm @ $0.88
  • IREIT Global : Listed on 13-Aug-14 2pm @ $0.88

       
 

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October 2014

2 November 2014
Comments Off

 

Results Announcement

  • 13 Oct 14 : SPHREIT (Updated)
  • 15 Oct 14 : Sabana (Updated)
  • 16 Oct 14 : KepREIT (Updated)
  • 16 Oct 14 : KIT (Updated)
  • 17 Oct 14 : CMT (Updated)
  • 17 Oct 14 : FirstREIT (Updated)
  • 20 Oct 14 : MLT (Updated)
  • 20 Oct 14 : FCOT (Updated)
  • 21 Oct 14 : MIT (Updated)
  • 21 Oct 14 : SB REIT (Updated)
  • 21 Oct 14 : Suntec (Updated)
  • 21 Oct 14 : VIT (Updated)
  • 23 Oct 14 (AM) : Cambridge (Updated)
  • 23 Oct 14 : CLT (Updated)
  • 23 Oct 14 : FCT (Updated)
  • 23 Oct 14 : A-REIT (Updated)
  • 24 Oct 14 (AM) : CCT (Updated)
  • 24 Oct 14 : CRCT (Updated)
  • 24 Oct 14 : MGCT (Updated)
  • 24 Oct 14 : MCT (Updated)
  • 27 Oct 14 : a-iTust (Updated)
  • 27 Oct 14 : HPH-Trust (Updated)
  • 28 Oct 14 (AM) : CDL H-Trust (Updated)
  • 30 Oct 14 (AM) : PLife (Updated)
  • 30 Oct 14 (AM) : AIMSAMPReit (Updated)
  • 30 Oct 14 : Starhill (Updated)
  • 30 Oct 14 : FSL (Updated)
  • 31 Oct 14 : OUE C-Trust (Updated)
  • 3 Nov 14 : CitySpring
  • 3 Nov 14 : OUE-HTrust
  • 4 Nov 14 : Rickmers
  • 4 Nov 14 : PCRT
  • 6 Nov 14 (AM) : APTT
  • 6 Nov 14 (AM) : AscottREIT
  • 6 Nov 14 : A-HTrust
  • 7 Nov 14 (AM) : FE-HTrust
  • 12 Nov 14 (AM) : Saizen
  • 12 Nov 14 (AM) : CRT
  • 12 Nov 14 : LMIR
  • 13 Nov 14 : Religare

 

 

 

 

REITs : Average Yield = 6.475%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Viva Ind Tr

Q3 – Sep14

1.687

$0.800

8.366%

$0.748

45.70%

Biz Park (77.6%) + Hotel (18.6%) + Logistics (3.8%) by Valuation

SoilbuildBizREIT

Q3 – Sep14

1.546

$0.780

7.928%

$0.800

30.30%

Business Park (2) + Industrial (6)

IREIT Global

FY14 – IPO

3.330

$0.895

7.441%

$0.780

33.20%

Offices : Germany

AIMSAMP Cap Reit

Q2 – Sep14

2.770

$1.490

7.436%

$1.523

32.20%

Industrial (26)

Lippo Malls Tr

Q2 – Jun14

0.680

$0.370

7.351%

$0.413

28.30%

Retail (Indonesia) – 16

Cache Log Trust

Q3 – Sep14

2.140

$1.170

7.256%

$0.970

35.00%

Industrial : Singapore (14) + Shanghai (1)

Sabana REIT

Q3 – Sep14

1.810

$0.990

7.253%

$1.060

37.00%

Industrial (22)

OUE Htrust

Q2 – Jun14

1.640

$0.910

7.209%

$0.900

32.70%

Hotel (69%) + Retail (31%) by Asset

Cambridge Ind Tr

Q3 – Sep14

1.250

$0.695

7.135%

$0.684

33.90%

Industrial (49)

Mapletree Ind Tr

Q2 – Sep14

2.600

$1.475

7.051%

$1.200

33.10%

Industrial (85)

Ascendas-hTrust

Q1 – Jun14

1.240

$0.705

7.035%

$0.740

38.20%

Hotels : Australia (48%) + Singapore (22%) + Japan (22%) + China (8%) by Valuation

OUE COMMERCIAL REIT

Q3 – Sep14

1.400

$0.805

6.957%

$1.050

39.80%

Retail (10.9%) + Office (89.1%) by Revenue

FHT

FY14 – IPO

3.040

$0.885

6.851%

$0.830

41.70%

Hotel (60.7%) + Serviced Apt (39.3%)

Saizen REIT

2H – Jun14

3.100

$0.915

6.776%

$1.220

36.50%

Residential (Japan) – 138

Mapletree GCC Tr

1H – Sep14

3.162

$0.945

6.673%

$1.042

37.70%

Retail + Office (China + HK)

Ascendas Reit

1H – Sep14

7.300

$2.230

6.547%

$2.070

32.60%

Industrial : Singapore (104) + China (2)

First REIT

Q3 – Sep14

2.020

$1.230

6.545%

$0.970

32.90%

Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3)

Mapletree Log Tr

Q2 – Sep14

1.880

$1.175

6.400%

$0.950

33.30%

Industrial (113)

Ascott Reit

1H – Jun14

3.937

$1.240

6.350%

$1.380

36.40%

Serviced Apts (83) : AsiaPacific (64%) + Europe (36%)

StarhillGbl Reit

Q3 – Sep14

1.270

$0.815

6.184%

$0.920

29.10%

Retail (86.4%) + Office (13.0%) by Revenue

Frasers Com Tr

Q4 – Sep14

2.215

$1.420

6.176%

$1.590

37.10%

Office + Retail (4)

Keppel Reit

Q3 – Sep14

1.850

$1.220

6.016%

$1.390

42.10%

Offices : Singapore (5) + Australia (5)

CDL Htrust

Q3 – Sep14

2.610

$1.725

6.006%

$1.600

30.20%

Hotels : Singapore (77.1%) + Australia (10.5%) + NZ (4.5%) + Maldives (7.9%) by Valuation

Far East HTrust

Q2 – Jun14

1.240

$0.830

5.976%

$0.976

30.90%

Hotels (65.8%) + Serviced Apts (14.4%) + Commercial (19.8%) by Revenue

Fortune Reit HKD

1H – Jun14

20.880

$7.070

5.907%

$11.010

31.10%

Retail (HK)

Frasers Cpt Tr

Q4 – Sep14

2.785

$1.945

5.752%

$1.850

29.30%

Retail (6) + 31.17% of Hektar (MREIT)

CapitaR China Tr

Q3 – Sep14

2.350

$1.630

5.718%

$1.470

30.80%

Retail (China) – 10

Mapletree Com Tr

Q2 – Sep14

1.970

$1.430

5.510%

$1.160

38.00%

Retail + Office

CapitaMall Trust

Q3 – Sep14

2.720

$1.970

5.477%

$1.760

34.10%

Retail (16) + Office

SPHREIT

Q4 – Aug14

1.390

$1.055

5.270%

$0.930

26.00%

Retail (2)

Suntec Reit

Q3 – Sep14

2.328

$1.785

5.225%

$2.033

34.40%

Retail + Office

CapitaCom Trust

Q3 – Sep14

2.100

$1.670

5.030%

$1.670

30.20%

Office (66%) + Retail (20%) + Hotel (14%) by Gross Rental Income

ParkwayLife Reit

Q3 – Sep14

2.900

$2.390

4.854%

$1.600

34.60%

Hospitals + Nursing Homes = 47

NOTES :

  • Mkt Price is as on 31-Oct-14
  • OUE C-Trust : DPU Not Paid as Semi-Annual Payout Policy
  • CDL H-Trust : DPU Annualised DPU = 10.36ct ; DPU Not Paid as Semi-Annual Payout Policy
  • CRCT : Annualised DPU = 9.32ct ; DPU Not Paid as Semi-Annual Payout Policy
  • MGCCT : Annualised DPU = 6.306ct
  • FCT : Above Yield is Computed using last 4Qs DPU = 11.187ct ie 2.5ct (Dec13) + 2.785ct (Sep14) + 3.022ct (Jun14) + 2.88ct (Mar14)
  • CLT : Annualised DPU = 8.49ct
  • Cambridge : Annualised DPU = 4.959ct
  • SB REIT : Annualised DPU = 6.184ct
  • Suntec : Annualised DPU = 9.326ct ; Includes Capital = 0.04ct
  • VIT : Annualised DPU = 6.693ct
  • FCOT : Annualised DPU = 8.77ct
  • FirstREIT : Annualised DPU = 8.05ct
  • CMT : Annualised DPU = 10.79ct
  • Sabana : Annualised DPU = 7.18ct
  • A-HTrust : DPU Not Paid as Semi-Annual Payout Policy
  • IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
  • StarHill Global : Annualised DPU = 5.01ct
  • A-REIT : DPU Semi-Annual Payout Policy fm FY15(Mar)
  • Keppel REIT : Annualised DPU = 7.62ct
  • FHT : IPO Prospectus ; DPU : FY14 (1-Apr-14 to 30-Sep-14) = 3.04ct / 2.86ct if Exclude Top Up ; FY15 = 6.16ct (5.72ct if Exclude) ; Gearing = 41.7% ; NAV = $0.83 ; Listing on 14-Jul-14 2pm @ $0.88
  • PLife : Annualised DPU = 11.28ct
  • OUE C-REIT : IPO Prospectus ; DPU : FY14 = 5.44ct / 4.45ct if Exclude Income Support ; FY15 = 5.51ct (4.6ct if Exclude) ; Gearing = 42.3% ; NAV = $1.043 ; Listing on 27-Jan-14 2pm @ $0.88
  • Saizen : 5-to-1 Unit Consolidation on 5-Nov-13
  • Viva Industrial Trust : IPO Prospectus ; DPU : FY13 = 3.42ct (1-Jul-13 to 31-Dec-13) / 2.23ct if Exclude Income Support ; FY14 = 6.87ct (4.79ct if Exclude) ; FY15 = 7.03ct (5.19ct if Exclude) ; Gearing = 40.2% ; NAV = $0.74 ; Listing on 4-Nov-13 2pm @ $0.78
  • MLT : Includes 0.2ct Divestment Gain for 8 Qs from Q114 (Jun13)
  • SoilBuild Business Space REIT : IPO Prospectus ; DPU : FY13 = 4.37ct (1-Apr-13 to 31-Dec-13) / FY14 = 5.97ct ; Yield : FY13 = 7.47% / FY14 = 7.654% ; Gearing = 29.9% ; NAV = $0.80 ; Listing on 16-Aug-13 2pm @ $0.78
  • OUE H-Trust : IPO Prospectus ; DPU : FY13 = 4.77ct (1-Apr-13 to 31-Dec-13) / FY14 = 6.57ct ; Yield : FY13 = 7.194% / FY14 = 7.466% ; Gearing = 33.2% ; NAV = $0.903 ; Listing on 25-Jul-13 2pm @ $0.78
  • SPH REIT : IPO Prospectus ; DPU : FY13 (Aug) = 2.51ct (1-Mar-13 to 31-Aug-13) / FY14 (Aug) = 5.21ct ; Yield : FY13 = 5.578% / FY14 = 5.789% ; Gearing = 27.3% ; NAV = $0.88 ; Listing on 24-Jul-13 2pm @ $0.90
  • MGCT : IPO Prospectus ; DPU : FY14 (Mar) = 5.24ct / FY15 (Mar) = 5.69ct ; Yield : FY14 = 5.634% / FY15 = 6.118% ; Gearing = 43% ; NAV = $0.91 ; Listing on 7-Mar-13 2pm @ $0.93

  
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q3 – Sep14

0

$0.104

0.000%

$0.400

Shipping Trust

RickmersMaritime

Q2 – Jun14

0.6

$0.295

10.431%

$0.640

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2822:US$1 fm Yahoo Finance)
  • Rickmers : 23% Payout
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13

   
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

CitySpring Trust

Q1 – Jun14

0.82

$0.510

6.431%

$0.206

Infrastructure – Water + Gas + Power

Keppel Infra Tr

1H – Jun14

7.82

$1.050

7.448%

$0.930

Energy (Incineration) + Water (NEWater)

Ascendas-iTrust

1H – Sep14

2.4

$0.820

5.854%

$0.620

India – Industrial Park

Indiabulls Trust

2H – Mar14

0.0162

$0.110

0.287%

$0.341

India – Office

HPH Trust USD

2H – Dec13

22.3

$0.675

7.832%

HK$7.23

Ports – HK + China

Forterra Trust

1H – Jun14

$1.600

0.000%

$3.840

China – Retail + Office + Industrial

Perennial CRT

1H – Jun14

1.90

$0.530

7.226%

$0.730

China Retail

Religare Htrust

Q1 – Jun14

1.80

$0.985

7.310%

$0.857

India – Healthcare

Croesus Rtrust

2H – Jun14

3.74

$0.940

7.957%

Y75.08

Japan – Retail

Asian Pay TV Tr

1H – Jun14

4.12

$0.855

9.649%

$0.920

Taiwan PayTV

Accordia Golf Tr

FY15 (Mar) – IPO

6.8

$0.865

7.861%

$0.921

Japan Golf Courses – 89

NOTES :

  • a-iTrust : Above DPU is based on 90% Payout
  • CroesusRT : Exchange Rate Y100 = S$1.1489
  • Religare : No DPU Payout as Semi-Annual Policy
  • APTT : Above Yield uses DPU = 8.25ct ie 1H14 = 4.12ct + 2H13 = 4.13ct ; Quarterly DPU Payout from Q314 ; Guidance Q314 = 2ct ; Q414 = 2.13ct
  • PCRT : Annualised Yield = 3.83ct
  • Accordia Golf Trust : IPO Prospectus ; DPU : FY15 (1-Aug-14 to 31-Mar-15) = 6.2ct / Annualised = 6.8ct (Excl. Non-Recurring) – Used in Above Yield Computation or 8.8ct (Incl Non-Recurring) ; Gearing & NAV Computed Using IPO Prospectus Figures ; Listing on 1-Aug-14 2pm @ $0.97
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7552:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun14) = HK18.7ct + 2H (Dec13) = HK22.3ct
  • KIT : 1H14 DPU Payout = 3.13ct ; 2H13 DPU Payout = 4.69ct ; Above Table Uses 2H13 + 1H14 DPU = 7.82ct to Calculate Yield
  • CitySpring : Guidance for FY15 DPU = 3.28ct ie 0.82ct / Q
  • Indiabulls : No DPU Payout as Semi-Annual Policy
  • Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
  • APTT : Prospectus ; IPO @ $0.97 ; FY13 DPU = 7.29ct Yield = 7.51% ; FY14 DPU = 8.25ct Yield = 8.51% ; List on 29-May-13 2pm
  • Croesus : Prospectus ; IPO @ $0.93 ; FY14 DPU = 7.39ct Yield = 7.946% ; FY15 DPU = 7.49ct Yield = 8.054% ; Gearing = 43.7% ; List on 10-May-13 2pm
  • Forterra (TCT) : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
  • Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
  • Indiabulls : Maiden DPU on 1H (sep12) Declared since Listing on 11-Jun-08

 

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