January 2009

Result Announcement:

  • 15 Jan 09 : A-Reit (Tables Updated)
  • 19 Jan 09 : K-REIT (Tables Updated)
  • 20 Jan 09 (AM) : CCT (Tables Updated)
  • 20 Jan 09 : PST (Tables Updated)
  • 21 Jan 09 (AM) : CRCT (Tables Updated)
  • 21 Jan 09 : Fortune (Tables Updated)
  • 21 Jan 09 (Noon) : FSL (Table Updated)
  • 22 Jan 09 (AM) : FCOT (Tables Updated)
  • 22 Jan 09 (AM) : FirstREIT (Tables Updated)
  • 22 Jan 09 (AM) : CMT (Tables Updated)
  • 22 Jan 09 : Mapletree (Tables Updated)
  • 23 Jan 09 (AM) : Suntec (Tables Updated)
  • 23 Jan 09 (AM) : ART (Tables Updated)
  • 23-Jan-09 : FrasersCT (Tables Updated)
  • 29 Jan 09 : PLife (Tables Updated)
  • 29 Jan 09 : a-iTrust (Table Updated)
  • 30 Jan 09 (AM) : StarHill Gbl (Tables Updated)
  • 30 Jan 09 : CDL HTrust (Tables Updated)
  • 31 Jan 09 : Cambridge (Tables Updated)
  • 9 Feb 09 : MI-REIT
  • 13 Feb 09 : CitySpring
  • 13 Feb 09 : Saizen

Average Yield = 17.831% / 14.791% (Excl. Saizen & MI-REIT)

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

Saizen

FY08 – IPO

5.30

S$0.105

50.476%

S$1.05

Residential (Japan)

MI-REIT

Q2 : Sep-08

2.35

S$0.255

36.863%

S$1.30

Industrial

LMIR

Q3 : Sep-08

1.6

S$0.285

22.281%

S$0.9598

Malls – Indonesia

FrasersComm

2H : Dec-08

2.36

S$0.23

20.522%

S$0.97

Malls + Office (S’pore and Aust)

Cambridge

Q4 : Dec-08

1.373

S$0.285

19.165%

S$0.74

Industrial

First REIT

Q4 : Dec-08

1.94

S$0.45

17.244%

S$0.9321

Hospitals + Hotel (Indonesia)

Suntec

Q1: Dec-08

2.858

S$0.66

17.180%

S$1.984

Malls + Office

Fortune

2H : Dec-08

18.51

HK$2.25

16.453%

HK$7.58

Malls (HK)

K-REIT

2H : Dec-08

5.07

S$0.625

16.224%

S$2.19

Office

AscottREIT

2H : Dec-08

4.28

S$0.56

15.286%

S$1.47

Serviced Apts (Regional)

MapleTree

Q4 : Dec-08

1.46

S$0.385

15.169%

S$0.87

Industrial

CDL HTrust

2H : Dec-08

4.73

S$0.65

14.554%

S$1.42

Hotels

Starhill Gbl

Q4 : Dec-08

1.85

S$0.515

14.291%

S$1.42

Malls + Office

CCT

2H : Dec-08

5.81

S$0.955

12.105%

S$2.92

Office

CapitaRChina

2H : Dec-08

4.28

S$0.725

11.807%

S$1.21

Malls (China)

A-REIT

Q3 : Dec-08

4.05

S$1.46

11.096%

S$1.77

Industrial

FrasersCT

Q1 : Dec-08

1.67

S$0.69

9.681%

S$1.22

Malls

PLife

Q4 : Dec-08

1.84

S$0.79

9.316%

S$1.32

Hospitals

CMT

Q4 : Dec-08

3.65

S$1.60

9.075%

S$2.41

Malls + Office

NOTES :

  • Mkt Price is as on 30-Jan-09
  • Cambridge : Annualised DPU = 5.462ct
  • CDL HTrust : 90% Payout
  • StarHill Gbl : Annualised DPU = 7.36ct
  • PLife : Annualised DPU = 7.36ct
  • FrasersCT : 90% Payout
  • Suntec : Annualised DPU = 11.339ct
  • CMT : Annualised DPU = 14.52ct
  • FrasersComm : Q$08 DPU 1.26ct (Annualised 5.01ct) ; Above Yield Table Uses 2H08 DPU Payout
  • CRCT : Q408 DPU 2.27ct (Annualised 9.03ct) ; Above Yield Table Uses 2H08 DPU Payout
  • CCT : Annualised DPU = 11.56ct
  • LMIR : Annualised DPU = 6.35ct
  • Saizen : Actual Payout 4.67ct as per IPO Forecast ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
  • 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$

Q4 : Dec-08

0.93

US$0.15

24.800%

$0.40

Shipping Trust

FSL Trust

Q4 : Dec-08

3.08

S$0.43

43.240%

$0.75

Shipping Trust

Rickmers

Q3 : Sep-08

2.25

S$0.37

36.710%

$0.96

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.5092:US$1 fm Yahoo Finance)
  • FSL : Annualised DPU 12.32ct
  • FSL : SGX Annc (21-Jan-09) Quarterly DPU Forecast – Q109 US2.45ct (75-80% Payout)

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q2 : Sep-08

1.75

$0.52

13.462%

$0.52

Infrastructure – Water, Gas

AscendasIndT

Q3 : Dec-08

2.02

$0.515

15.689%

$0.94

India – Industrial Park

HWT

Q3 : Sep-08

1.3

$0.30

17.333%

$0.78

China – Water Plant

Indiabulls

FY09 – IPO

5.12

$0.20

25.600%

$1.185

India – Office

NOTES :

  • a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
  • HWT : DPU = 0.91ct if No Sponsor waiver ; DPU Not Paid Out as Semi-Annual Payout 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 : 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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