February 2008

Results Announcement Dates

  • 1 Feb 08 (AM) – AllCo (Tables Updated)
  • 12 Feb 08 – Saizen (Tables Not Updated : Listed on 9-Nov-07)
  • 13 Feb 08 – CitySpring (Tables Updated)
  • 13 Feb 08 – HWT (Tables Not Updated : Listed on 3-Dec-07)
  • 15 Feb 08 (AM) – MI-REIT (Tables Updated)
  • 19 Feb 08 – PLife (Tables Updated)
  • 19 Feb 08 – Rickmers (Tables Updated)
  • 25-Feb-08 – CRCT : DPU = 4.04cts (1-Jul-07 to 4-Feb-08)

Average Yield = 6.435%

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

First REIT

Q4 : Dec-07

1.76

S$0.73

9.562%

S$0.924

Hospitals + Hotel (Indonesia)

AllCo

2H : Dec-07

3.74

S$0.795

9.409%

S$1.45

Malls + Office (S’pore and Aust)

LMIR

FY08 – IPO

5.84

S$0.66

8.848%

S$0.91

Malls – Indonesia

Cambridge

Q4 : Dec-07

1.258

S$0.70

8.746%

S$0.76

Industrial

MI-REIT

Q3 : Dec-07

1.92

S$1.01

7.545%

S$1.30

Industrial

MapleTree

Q4 : Dec-07

1.78

S$0.955

7.455%

S$0.92

Industrial

Saizen

FY08 – IPO

5.30

S$0.80

6.625%

S$1.05

Residential (Japan)

Fortune

2H : Dec-07

17.42

HK$5.50

6.335%

HK$9.04

Malls (HK)

A-REIT

Q3 : Dec-07

3.56

S$2.25

6.329%

S$1.45

Industrial

K-REIT

2H : Dec-07

4.99

S$1.66

6.012%

S$3.73

Office

Suntec

Q1: Dec-07

2.2786

S$1.51

5.987%

S$2.24

Malls + Office

AscottREIT

2H : Dec-07

4.10

S$1.38

5.942%

S$1.60

Serviced Apts (Regional)

MMP

Q4 : Dec-07

1.68

S$1.23

5.423%

S$1.61

Malls + Office

PLife

Q4 : Dec-07

2.27

S$1.23

5.138%

S$1.34

Hospitals

FrasersCT

Q1 : Dec-07

1.61

S$1.32

4.879%

S$1.16

Malls

CMT

Q4 : Dec-07

2.34

S$3.27

4.749%

S$2.21

Malls + Office

CDL HTrust

Q4 : Dec-07

2.76

S$2.32

4.720%

S$1.61

Hotels

CCT

2H : Dec-07

4.47

S$2.07

4.285%

S$2.80

Office

CapitaRChina

2H : Dec-07

3.51

S$1.64

4.280%

S$0.98

Malls (China)

NOTES :

  • Mkt Price is as on 29-Feb-08
  • CapitaRChina : Annualised DPU = 7.02ct ; Actual Payout 4.04cts (1-Jul-07 to 4-Feb-08)
  • PLife : Annualised DPU = 6.32ct ; Actual Payout 2.27ct for the Period 23-Aug-07 to 31-Dec-07
  • MI-REIT : Annualised DPU = 7.62ct
  • AllCo : Q407 DPU 2.2ct ; Annualised = 8.77ct ; Annualised Yield = 13.090% @ $0.67 if this DPU is used
  • Suntec : Annualised DPU = 9.04ct ; Actual Payout 1.5738ct for the Period 31-Oct-07 to 31-Dec-07 (0.7048ct Already Paid for 1-Oct-07 to 30-Oct-07)
  • CDL HTrust : Annualised DPU (Q407) = 10.95ct ; Actual Payout = 4.61ct for Period 19-Jul-07 to 31-Dec-07
  • MMP : Annualised DPU = 6.67ct
  • Cambridge : Annualised DPU = 6.122ct for Period 18-Oct-07 to 31-Dec-07
  • CCT : Annualised DPU = 8.87ct
  • First REIT : Annualised DPU = 6.98ct
  • CMT : Annualised DPU = 15.53ct for Period 7-Nov-07 to 31-Dec-07
  • LMIR : IPO Forecast – FY07 (Dec07) : 2.74ct (Annualised for 1-Jul-07 to 31-Dec-07) ; FY08 : 5.84ct ; FY09 : 6.27ct
  • Saizen : IPO Forecast – FY09 (Jun09) : 5.65ct ; FY08 (Jun08) : 4.67ct (Incl. Bonus Div) / Annualised Yield 5.3% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
  • PLife : IPO Forecast – 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct

Shipping Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

PacShipTr US$

Q4 : Dec-07

1.10

$0.405

10.864%

$0.43

Shipping Trust

FSL Trust

Q4 : Dec-07

2.42

S$1.11

12.157%

$0.92

Shipping Trust

Rickmers

Q4 : Dec-07

2.14

S$1.08

11.049%

$1.07

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3940:US$1 fm Yahoo Finance)
  • Rickmers : Annualised DPU 8.56ct
  • FSL : Annualised DPU 9.68ct
  • FSL : SGX Annc (9-Nov-07) Quarterly DPU Forecast (Pg 16) – 2.418ct (Q407) ; 2.608ct (FY08) ; 2.608ct (1H09)

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q3 : Dec-07

1.60

$0.76

8.421%

$0.81

Infrastructure – Water, Gas

AscendasIndT

Q3 : Dec-07

1.50

$1.11

5.405%

$1.14

India – Industrial Park

HWT

FY08 : IPO

4.46

$0.645

6.915%

$0.73

China – Water Plant

NOTES :

  • a-iTrust : No Div Payout (Semi-Annual Policy)
  • HWT : Listing on 3-Dec-07 2PM
  • HWT : IPO Forecast – 4.46ct (FY08) – Sponsor (25% s/h) undertaken to waive entitlement to distributions, else DPU 3.34ct (Yield 4.282% @ $0.78) ; 5.06ct (FY09) – Yield 6.744% @ $0.78

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