June 2008

    Average Yield = 7.498%

    REIT

    Period

    DPU ct

    Price

    Yield

    NAV

    Assets Type

    LMIR

    Q1 : Mar-08

    2.20*

    S$0.545

    11.083%

    S$0.958

    Malls – Indonesia

    First REIT

    Q1 : Mar-08

    1.85

    S$0.72

    10.417%

    S$0.924

    Hospitals + Hotel (Indonesia)

    MI-REIT

    Q4 : Mar-08

    2.22

    S$0.90

    9.922%

    S$1.29

    Industrial

    Cambridge

    Q1 : Mar-08

    1.588

    S$0.67

    9.533%

    S$0.76

    Industrial

    MapleTree

    Q1 : Mar-08

    1.90

    S$0.85

    8.941%

    S$0.90

    Industrial

    AscottREIT

    Q1 : Mar-08

    2.33

    S$1.07

    8.710%

    S$1.57

    Serviced Apts (Regional)

    AllCo

    Q1 : Mar-08

    1.60

    S$0.76

    8.447%

    S$1.44

    Malls + Office (S’pore and Aust)

    Fortune

    Q1 : Mar-08

    8.79

    HK$4.54

    7.744%

    HK$8.91

    Malls (HK)

    Saizen

    FY08 – IPO

    5.30

    S$0.70

    7.571%

    S$1.05

    Residential (Japan)

    Suntec

    Q2: Mar-08

    2.5185

    S$1.36

    7.448%

    S$2.23

    Malls + Office

    MP REIT

    Q1 : Mar-08

    1.76

    S$1.03

    6.874%

    S$1.59

    Malls + Office

    A-REIT

    Q4 : Mar-08

    3.69

    S$2.21

    6.679%

    S$1.80

    Industrial

    CDL HTrust

    Q1 : Mar-08

    2.86

    S$1.76

    6.534%

    S$1.58

    Hotels

    FrasersCT

    Q2 : Mar-08

    1.75

    S$1.19

    5.882%

    S$1.17

    Malls

    PLife

    Q1 : Mar-08

    1.62

    S$1.13

    5.743%

    S$1.34

    Hospitals

    CCT

    Q1 : Mar-08

    2.59

    S$1.91

    5.455%

    S$2.79

    Office

    K-REIT

    FY08 – Rights

    7.53

    S$1.39

    5.417%

    S$2.29

    Office

    CapitaRChina

    Q1 : Mar-08

    1.02*

    S$1.24

    5.371%

    S$1.05

    Malls (China)

    CMT

    Q1 : Mar-08

    3.48

    S$2.99

    4.682%

    S$2.21

    Malls + Office

    NOTES :

    • Mkt Price is as on 30-Jun-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
    • MP REIT : 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

    $0.40

    9.700%

    $0.42

    Shipping Trust

    FSL Trust

    Q1 : Mar-08

    2.59

    S$1.22

    11.535%

    $0.88

    Shipping Trust

    Rickmers

    Q1 : Mar-08

    2.14

    S$1.13

    10.290%

    $0.96

    Shipping Trust

    NOTES :

    • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3584: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

    $0.76

    8.421%

    $0.81

    Infrastructure – Water, Gas

    AscendasIndT

    2H : Mar-08

    3.14

    $0.905

    6.939%

    $1.08

    India – Industrial Park

    HWT

    Q1 : Mar-08

    0.87

    $0.675

    5.156%

    $0.74

    China – Water Plant

    Indiabulls

    FY09 – IPO

    5.12

    $0.89

    5.753%

    India – Office

    NOTES :

    • Indiabulls : Listing on 11-Jun-08 2PM
    • Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
    • 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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