September 2014

1 September 2014
Comments Off

 

 

REITs : Average Yield = 6.419%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Viva Ind Tr

Q2 – Jun14

1.723

$0.815

8.480%

$0.751

38.50%

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

SoilbuildBizREIT

Q2 – Jun14

1.500

$0.795

7.547%

$0.800

30.30%

Business Park (2) + Industrial (5)

IREIT Global

FY14 – IPO

3.330

$0.895

7.441%

$0.780

33.20%

Offices : Germany

Sabana REIT

Q2 – Jun14

1.860

$1.005

7.423%

$1.070

37.00%

Industrial (22)

Cache Log Trust

Q2 – Jun14

2.147

$1.180

7.298%

$0.970

28.90%

Industrial : Singapore (13) + Shanghai (1)

OUE Htrust

Q2 – Jun14

1.640

$0.900

7.289%

$0.900

32.70%

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

Cambridge Ind Tr

Q2 – Jun14

1.251

$0.710

7.068%

$0.685

32.00%

Industrial (48)

OUE COMMERCIAL REIT

1H – Jun14

2.430

$0.805

7.108%

$1.060

39.50%

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

Mapletree Ind Tr

Q1 – Jun14

2.510

$1.455

6.900%

$1.200

33.60%

Industrial (85)

AIMSAMP Cap Reit

Q1 – Jun14

2.550

$1.450

7.034%

$1.480

32.00%

Industrial (26)

Ascendas-hTrust

Q1 – Jun14

1.240

$0.720

6.889%

$0.740

38.20%

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

FHT

FY14 – IPO

3.040

$0.885

6.851%

$0.830

41.70%

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

Lippo Malls Tr

Q2 – Jun14

0.680

$0.405

6.716%

$0.413

28.30%

Retail (Indonesia) – 16

First REIT

Q2 – Jun14

2.000

$1.235

6.518%

$0.970

32.90%

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

Mapletree GCC Tr

Q1 – Jun14

1.560

$0.950

6.586%

$1.018

38.60%

Retail + Office (China + HK)

Saizen REIT

2H – Jun14

3.100

$0.960

6.458%

$1.220

36.50%

Residential (Japan) – 138

Mapletree Log Tr

Q1 – Jun14

1.900

$1.175

6.468%

$0.970

33.40%

Industrial (112)

CDL Htrust

1H – Jun14

5.250

$1.660

6.380%

$1.642

29.50%

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

Ascott Reit

1H – Jun14

3.937

$1.235

6.376%

$1.380

36.40%

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

Frasers Com Tr

Q3 – Jun14

2.191

$1.400

6.271%

$1.560

37.70%

Office + Retail (5)

CapitaR China Tr

1H – Jun14

4.990

$1.610

6.248%

$1.480

29.80%

Retail (China) – 10

Ascendas Reit

Q1 – Jun14

3.640

$2.330

6.249%

$2.020

31.60%

Industrial : Singapore (103) + China (2)

StarhillGbl Reit

Q2 – Jun14

1.250

$0.820

6.110%

$0.920

29.40%

Retail (86.6%) + Office (13.4%) by Revenue

Keppel Reit

Q2 – Jun14

1.900

$1.245

6.120%

$1.380

42.80%

Offices : Singapore (5) + Australia (5)

Far East HTrust

Q2 – Jun14

1.240

$0.850

5.835%

$0.976

30.90%

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

Fortune Reit HKD

1H – Jun14

20.880

$7.270

5.744%

$11.010

31.10%

Retail (HK)

Frasers Cpt Tr

Q3 – Jun14

3.022

$1.985

5.734%

$1.780

30.20%

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

CapitaMall Trust

Q2 – Jun14

2.690

$2.000

5.395%

$1.760

34.30%

Retail (16) + Office

Mapletree Com Tr

Q1 – Jun14

1.950

$1.460

5.342%

$1.160

38.30%

Retail + Office

SPHREIT

Q3 – May14

1.350

$1.055

5.118%

$0.900

26.90%

Retail (2)

Suntec Reit

Q2 – Jun14

2.266

$1.845

4.926%

$2.046

34.10%

Retail + Office

CapitaCom Trust

1H – Jun14

4.220

$1.695

4.979%

$1.670

28.80%

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

ParkwayLife Reit

Q2 – Jun14

2.900

$2.350

4.936%

$1.600

35.30%

Hospitals + Nursing Homes = 47

NOTES :

  • Mkt Price is as on 1-Sep-14
  • 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
  • VIT : Annualised DPU = 6.911ct
  • OUE C-Trust : For the Period 27-Jan-14 to 30-Jun-14
  • StarHill Global : Annualised DPU = 5.01ct
  • SB REIT : Annualised DPU = 6ct
  • MGCCT : DPU Not Paid as Semi-Annual Payout Policy fm FY15(Mar) ; Annualised DPU = 6.257ct
  • CDL H-Trust : DPU Annualised DPU = 10.59ct
  • Cambridge : Annualised DPU = 5.018ct
  • CRCT : Annualised DPU = 10.06ct
  • A-REIT : DPU Not Paid as Semi-Annual Payout Policy fm FY15(Mar)
  • CMT : Annualised DPU = 10.79ct
  • Suntec : Annualised DPU = 9.089ct ; Includes Capital = 0.2ct
  • FCT : Above Yield is Computed using last 4Qs DPU = 11.382ct ie 2.5ct (Dec13) + 2.98ct (Sep13) + 3.022ct (Jun14) + 2.88ct (Mar14) ; Q3 (Jun-14) DPU = 0.626ct (10-Jun-14 to 30-Jun-14) + 2.396ct (1-Apr-14 to 9-Jun-14) Advanced DPU
  • Keppel REIT : Annualised DPU = 7.62ct
  • FCOT : Annualised DPU = 8.78ct
  • CLT : Annualised DPU = 8.612ct
  • Sabana : Annualised DPU = 7.46ct
  • FirstREIT : Annualised DPU = 8.05ct
  • 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

Q2 Jun14

0

$0.099

0.000%

$0.400

Shipping Trust

RickmersMaritime

Q2 – Jun14

0.6

$0.295

10.165%

$0.640

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2495: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

$0.505

6.495%

$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

Q1 – Jun14

1.15

$0.805

5.714%

$0.600

India – Industrial Park

Indiabulls Trust

2H – Mar14

0.0162

$0.131

0.241%

$0.341

India – Office

HPH Trust USD

2H – Dec13

22.3

$0.715

7.399%

HK$7.32

Ports – HK + China

Forterra Trust

1H – Jun14

$1.490

0.000%

$3.840

China – Retail + Office + Industrial

Perennial CRT

1H – Jun14

1.90

$0.525

7.295%

$0.730

China Retail

Religare Htrust

Q1 – Jun14

1.80

$0.920

7.826%

$0.857

India – Healthcare

Croesus Rtrust

2H – Jun14

3.74

$1.000

7.480%

Y75.08

Japan – Retail

Asian Pay TV Tr

1H – Jun14

4.12

$0.900

9.167%

$0.920

Taiwan PayTV

Accordia Golf Tr

FY15 (Mar) – IPO

6.8

$0.825

8.242%

$0.921

Japan Golf Courses – 89

NOTES :

  • CroesusRT : Exchange Rate Y100 = S$1.1989
  • 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$7.7502: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
  • a-iTrust : Above DPU is based on 90% Payout
  • 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

 

Bookmark and Share
Next Page »