May 2008

Results Announcement

  • 5-May-08 : Rickmers (Table Updated)
  • 6-May-08 : PLife (Tables Updated)
  • 6-May-08 : Fortune (Tables Updated)
  • 6-May-08 : AllCo (Tables Updated)
  • 8-May-08 : HWT (Table Updated)
  • 12-May-08 : Saizen (Tables Not Updated – No DPU data)
  • 21-May-08 : MI-REIT (Tables Updated)
  • 28-May-08 : CitySpring (Tables Updated)

Average Yield = 6.801%

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

LMIR

Q1 : Mar-08

2.20*

S$0.555

10.883%

S$0.958

Malls – Indonesia

First REIT

Q1 : Mar-08

1.85

S$0.725

10.345%

S$0.924

Hospitals + Hotel (Indonesia)

MI-REIT

Q4 : Mar-08

2.22

S$0.96

9.302%

S$1.29

Industrial

Cambridge

Q1 : Mar-08

1.588

S$0.725

8.810%

S$0.76

Industrial

AllCo

Q1 : Mar-08

1.60

S$0.835

7.689%

S$1.44

Malls + Office (S’pore and Aust)

MapleTree

Q1 : Mar-08

1.90

S$1.00

7.600%

S$0.90

Industrial

AscottREIT

Q1 : Mar-08

2.33

S$1.25

7.456%

S$1.57

Serviced Apts (Regional)

Saizen

FY08 – IPO

5.30

S$0.75

7.067%

S$1.05

Residential (Japan)

Fortune

Q1 : Mar-08

8.79

HK$4.98

7.060%

HK$8.91

Malls (HK)

Suntec

Q2: Mar-08

2.5185

S$1.67

6.065%

S$2.23

Malls + Office

A-REIT

Q4 : Mar-08

3.69

S$2.45

6.024%

S$1.80

Industrial

MMP

Q1 : Mar-08

1.76

S$1.20

5.900%

S$1.59

Malls + Office

CDL HTrust

Q1 : Mar-08

2.86

S$1.95

5.897%

S$1.58

Hotels

FrasersCT

Q2 : Mar-08

1.75

S$1.32

5.303%

S$1.17

Malls

PLife

Q1 : Mar-08

1.62

S$1.24

5.234%

S$1.34

Hospitals

K-REIT

FY08 – Rights

7.53

S$1.47

5.122%

S$2.29

Office

CCT

Q1 : Mar-08

2.59

S$2.25

4.631%

S$2.79

Office

CapitaRChina

Q1 : Mar-08

1.02*

S$1.45

4.593%

S$1.05

Malls (China)

CMT

Q1 : Mar-08

3.48

S$3.31

4.230%

S$2.21

Malls + Office

NOTES :

  • Mkt Price is as on 30-May-08
  • MI-REIT : Annualised DPU = 8.93ct
  • AllCo : Annualised DPU = 6.42ct ; Div Not Paid Out as Semi-Annual Policy
  • Fortune : Div Not Paid Out as Semi-Annual Policy
  • PLife : Annualised DPU = 6.49ct
  • Suntec : Annualised DPU = 10.129ct
  • CDL HTrust : Annualised DPU = 11.5ct ; Div Not Paid Out as Semi-Annual Policy
  • MMP : Annualised DPU = 7.08ct
  • LMIR : Annualised DPU = 6.04ct ; For the Period 8-Aug-07 to 31-Mar-08
  • CCT : Annualised DPU = 10.42ct ; Div Not Paid Out as Semi-Annual Policy
  • Cambridge : Annualised DPU = 6.387ct
  • CRCT : * For the Period 5-Feb-08 to 31-Mar-08 ; Annualised DPU 6.66ct ; Div Not Paid Out as Semi-Annual Policy ; Actual DPU for Q108 = 1.55ct (Annualised 6.22ct)
  • AscottREIT : Div Not Paid Out as Semi-Annual Policy
  • First REIT : Annualised DPU = 7.5ct
  • CMT : Annualised DPU = 14ct
  • KREIT : FY08 DPU Forecast 7.53ct (8-for-5 Rights @ $1.39)
  • CapitaRChina : Annualised DPU = 7.02ct ; Actual Payout 4.04cts (1-Jul-07 to 4-Feb-08)
  • 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$

Q1 : Mar-08

0.97

$0.410

9.463%

$0.42

Shipping Trust

FSL Trust

Q1 : Mar-08

2.59

S$1.20

11.791%

$0.88

Shipping Trust

Rickmers

Q1 : Mar-08

2.14

S$1.12

10.439%

$0.96

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3658:US$1 fm Yahoo Finance)
  • FSL : Annualised DPU 10.36ct
  • FSL : SGX Annc (12-May-08) Quarterly DPU Forecast – Q208 US2.77ct ; Q308 US3.05ct
  • Rickmers : Annualised DPU 8.56ct
  • Rickmers : SGX Annc (5-May-08) Quarterly DPU Forecast (Pg 7) – US 2.25ct (Q308)

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q4 : Mar-08

1.60

$0.81

7.901%

$0.81

Infrastructure – Water, Gas

AscendasIndT

2H : Mar-08

3.14

$1.10

5.709%

$1.08

India – Industrial Park

HWT

Q1 : Mar-08

0.87

$0.73

4.767%

$0.74

China – Water Plant

NOTES :

  • HWT : Div Not Paid Out as Semi-Annual Policy
  • HWT : IPO Forecast – 2.09ct (1H08) ; 4.88ct (FY08) / SGX Annc – Pg 12 (Distribution Statement)
  • 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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