July 2008

Results Announcement

  • 17 Jul 08 (AM) – CMT (Tables Updated)
  • 18 Jul 08 – A-Reit (Tables Updated)
  • 20 Jul 08 – MapleTree (Tables Updated)
  • 22 Jul 08 (AM) – FirstREIT (Tables Updated)
  • 22 Jul 08 (Noon) – FSL (Table Updated)
  • 22 Jul 08 – PST (Table Updated)
  • 23 Jul 08 (AM) – ART (Tables Updated)
  • 23 Jul 08 (AM) – CCT (Tables Updated)
  • 23 Jul 08 – a-iTrust (Table Updated)
  • 23 Jul 08 – FrasersCT (Tables Updated)
  • 25 Jul 08 – PLife (Tables Updated)
  • 28 Jul 08 – KREIT (Tables Updated)
  • 29 Jul 08 (AM) – LMIR (Tables Updated)
  • 29 Jul 08 (AM) – Cambridge (Tables Updated)
  • 29 Jul 08 – Fortune (Tables Updated)
  • 29 Jul 08 – AllCo (Tables Updated)
  • 30 Jul 08 (AM) – CapitaRChina (Tables Updated)
  • 30 Jul 08 – CDLHTrust (Tables Updated)
  • 30 Jul 08 – MP Reit (Tables Updated)
  • 30-Jul-08 – Suntec (Tables Updated)
  • 5 Aug 08 – Rickmers
  • 12 Aug 08 – MI-REIT
  • 13 Aug 08 – CitySpring

Average Yield = 7.742%

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

MapleTree

Q2 : Jun-08

2.04

S$0.73

*11.178%

S$0.92

Industrial

First REIT

Q2 : Jun-08

1.91

S$0.715

10.657%

S$0.923

Hospitals + Hotel (Indonesia)

MI-REIT

Q4 : Mar-08

2.22

S$0.88

10.148%

S$1.29

Industrial

LMIR

Q2 : Jun-08

1.5

S$0.60

10.033%

S$0.972

Malls – Indonesia

Cambridge

Q2 : Jun-08

1.561

S$0.655

9.595%

S$0.79

Industrial

Fortune

1H : Jun-08

18.51

HK$4.32

8.569%

HK$9.02

Malls (HK)

AllCo

1H : Jun-08

3.99

S$0.81

8.531%

S$1.39

Malls + Office (S’pore and Aust)

AscottREIT

1H : Jun-08

4.52

S$1.06

8.528%

S$1.57

Serviced Apts (Regional)

CDL HTrust

1H : Jun-08

5.89

S$1.43

8.280%

S$1.61

Hotels

Saizen

FY08 – IPO

5.30

S$0.70

7.571%

S$1.05

Residential (Japan)

Suntec

Q3: Jun-08

2.793

S$1.55

7.247%

S$2.24

Malls + Office

A-REIT

Q1 : Jun-08

3.89

S$2.30

6.765%

S$1.85

Industrial

MP REIT

Q2 : Jun-08

1.78

S$1.07

6.692%

S$1.60

Malls + Office

FrasersCT

Q3 : Jun-08

1.88

S$1.24

6.065%

S$1.17

Malls

CapitaRChina

1H : Jun-08

2.72*

S$1.15

5.904%

S$1.07

Malls (China)

K-REIT

1H : Jun-08

3.94

S$1.41

5.603%

S$2.22

Office

PLife

Q2 : Jun-08

1.66

S$1.19

5.588%

S$1.34

Hospitals

CCT

1H : Jun-08

5.19

S$1.92

5.438%

S$3.12

Office

CMT

Q2 : Jun-08

3.52

S$3.00

4.720%

S$2.39

Malls + Office

NOTES :

  • Mkt Price is as on 31-Jul-08
  • Suntec : Annualised DPU = 11.233ct
  • MP REIT : Annualised DPU = 7.16ct
  • CDL HTrust : Annualised DPU = 11.84ct
  • CRCT : * For the Period 5-Feb-08 to 30-Jun-08 ; Annualised DPU 6.79ct ; Actual DPU for 1H08 = 3.25ct (Annualised 6.54ct)
  • AllCo : Annualised DPU = 6.91ct
  • Cambridge : Annualised DPU = 6.278ct
  • LMIR : Annualised DPU = 6.02ct
  • KREIT : Annualised DPU = 7.9ct ; Actual Payout = 1.39ct (8-May-08 to 30-Jun-08)
  • PLife : Annualised DPU = 6.65ct
  • CCT : Annualised DPU = 10.44ct
  • MapleTree : Not Adjusted for 3-for-4 Rights @ $0.73 xri 23-Jul-08 ; Rights Circular (27-Jun-08) – Refer to Pg 25-27 and Appendix C on Proforma Impact of Rights Issue on DPU and Yield
  • First REIT : Annualised DPU = 7.62ct
  • A-REIT : Annualised DPU = 15.56ct
  • CMT : Annualised DPU = 14.16ct
  • MI-REIT : Annualised DPU = 8.93ct
  • KREIT : FY08 DPU Forecast 7.53ct (8-for-5 Rights @ $1.39)
  • 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$

Q2 : Jun-08

1.09

$0.39

11.179%

$0.44

Shipping Trust

FSL Trust

Q2 : Jun-08

2.80

S$1.21

12.653%

$0.88

Shipping Trust

Rickmers

Q1 : Mar-08

2.14

S$1.14

10.264%

$0.96

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3670:US$1 fm Yahoo Finance)
  • FSL : Annualised DPU 11.2ct
  • 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

$0.77

8.312%

$0.81

Infrastructure – Water, Gas

AscendasIndT

Q1 : Jun-08

1.65

$0.795

8.302%

$1.01

India – Industrial Park

HWT

Q1 : Mar-08

0.87

$0.645

5.395%

$0.74

China – Water Plant

Indiabulls

FY09 – IPO

5.12

$0.70

7.314%

India – Office

NOTES :

  • ai-Trust : Div Not Paid Out as Semi-Annual Policy
  • 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

Leave a Reply