October 2008

Result Announcement

  • 17 Oct 08 – AREIT (Tables Updated)
  • 20 Oct 08 – KREIT (Tables Updated)
  • 21 Oct 08 (AM) – CMT (Tables Updated)
  • 21 Oct 08 (AM) – FirstREIT (Tables Updated)
  • 21 Oct 08 (AM) – FSL (Table Updated)
  • 21 Oct 08 – Mapletree (Tables Updated)
  • 22 Oct 08 (AM) – ART (Tables Updated)
  • 22 Oct 08 – PST (Table Updated)
  • 23 Oct 08 (AM) – CCT (Table Updated)
  • 23 Oct 08 – FrasersCT (Table Updated)
  • 28 Oct 08 – LMIR (Tables Updated)
  • 29 Oct 08 (AM) – CRCT (Tables Updated)
  • 29 Oct 08 – CDLHTrust (Tables Updated)
  • 29 Oct 08 – MP REIT (Tables Updated)
  • 30 Oct 08 (AM) – Cambridge (Tables Updated)
  • 30 Oct 08 – a-iTrust (Table Updated)
  • 30 Oct 08 – Suntec (Tables Updated)
  • 31 Oct 08 – Rickmers (Table Updated)
  • 4 Nov 08 – PLife
  • 4 Nov 08 – Fortune
  • 7 Nov 08 – MI-REIT
  • 11 Nov 08 – Cityspring

Average Yield = 16.964%

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

FrasersComm

1H : Jun-08

3.99

S$0.245

28.204%

S$1.39

Malls + Office (S’pore and Aust)

LMIR

Q3 : Sep-08

1.6

S$0.255

24.902%

S$0.9598

Malls – Indonesia

Cambridge

Q3 : Sep-08

1.49

S$0.245

24.196%

S$0.76

Industrial

MI-REIT

Q1 : Jun-08

2.35

S$0.40

23.500%

S$1.30

Industrial

AscottREIT

Q3 : Sep-08

2.61

S$0.47

22.213%

S$1.58

Serviced Apts (Regional)

Saizen

FY08 – IPO

5.30

S$0.24

22.083%

S$1.05

Residential (Japan)

Fortune

1H : Jun-08

18.51

HK$1.95

18.985%

HK$9.02

Malls (HK)

First REIT

Q3 : Sep-08

1.92

S$0.405

18.765%

S$0.9214

Hospitals + Hotel (Indonesia)

CDL HTrust

Q3 : Sep-08

2.93

S$0.66

17.667%

S$1.56

Hotels

Suntec

Q4: Sep-08

2.854

S$0.695

16.335%

S$2.232

Malls + Office

CapitaRChina

Q3 : Sep-08

2.01

S$0.54

14.833%

S$1.16

Malls (China)

MP REIT

Q3 : Sep-08

1.78

S$0.52

13.615%

S$1.59

Malls + Office

MapleTree

Q3 : Sep-08

1.84

S$0.415

13.413%

S$0.84

Industrial

CCT

Q3 : Sep-08

3.10

S$0.98

12.582%

S$3.11

Office

K-REIT

Q3 : Sep-08

2.34

S$0.76

12.211%

S$2.19

Office

FrasersCT

Q4 : Sep-08

2.05

S$0.68

12.059%

S$1.24

Malls

A-REIT

Q2 : Sep-08

4.01

S$1.58

10.152%

S$1.81

Industrial

PLife

Q2 : Jun-08

1.66

S$0.74

8.986%

S$1.34

Hospitals

CMT

Q3 : Sep-08

3.64

S$1.90

7.621%

S$2.39

Malls + Office

NOTES :

  • Mkt Price is as on 31-Oct-08
  • Suntec : Annualised DPU = 11.353ct
  • Cambridge : Annualised DPU = 5.928ct
  • CDL HTrust : Annualised DPU = 11.66ct ; DPU Not Paid as Semi-Annual Payout Policy
  • MP REIT : Annualised DPU = 7.08ct
  • CRCT : Annualised DPU 8.01ct ; DPU Not Paid as Semi-Annual Payout Policy
  • LMIR : Annualised DPU = 6.35ct
  • FrasersCT : DPU = 1.59ct + 0.46ct (Income retained from previous quarters)
  • CCT : Annualised DPU = 12.33ct ; DPU Not Paid as Semi-Annual Payout Policy
  • AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
  • MapleTree : Uses MLT-A DPU 0.61ct (Issued on 22-Aug-08) to Compute Annualised Yield in Above Table
  • First REIT : Annualised DPU = 7.60ct
  • CMT : Annualised DPU = 14.48ct
  • KREIT : Annualised DPU = 9.28ct ; DPU Not Paid as Semi-Annual Payout Policy
  • Saizen : Actual Payout 4.67ct as per IPO Forecast ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
  • AllCo : Annualised DPU = 6.91ct (Computed based on the amount available for distribution less the one-off gains on derivative financial instruments of S$3.9 million realised in 2Q2008 – Pg 1 Foot Note 5)
  • PLife : Annualised DPU = 6.65ct
  • 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$

Q3 : Sep-08

1.0953

US$0.20

21.906%

$0.40

Shipping Trust

FSL Trust

Q3 : Sep-08

3.05

S$0.50

36.200%

$0.77

Shipping Trust

Rickmers

Q3 : Sep-08

2.25

S$0.42

31.791%

$0.96

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4836:US$1 fm Yahoo Finance)
  • FSL : Annualised DPU 12.2ct
  • FSL : SGX Annc (12-May-08) Quarterly DPU Forecast – Q208 US2.77ct ; Q308 US3.05ct
  • 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

Q1 : Jun-08

1.75

$0.52

13.462%

$0.82

Infrastructure – Water, Gas

AscendasIndT

1H : Sep-08

3.47

$0.48

14.458%

$0.99

India – Industrial Park

HWT

1H : Jun-08

2.17

$0.345

12.580%

$0.75

China – Water Plant

Indiabulls

FY09 – IPO

5.12

$0.14

36.571%

India – Office

NOTES :

  • HWT : DPU = 1.49ct if No Sponsor waiver
  • 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 : 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