April 2009

Results Announcement

  • 17 Apr 09 (AM) – CMT (Tables Updated)
  • 17 Apr 09 – A-Reit (Tables Updated)
  • 17 Apr 09 – CRCT (Tables Updated)
  • 21 Apr 09 (AM) – FSL (Table Updated)
  • 21 Apr 09 – KREIT (Tables Updated)
  • 22 Apr 09 (AM) – ART (Tables Updated)
  • 22 Apr 09 – PST (Table Updated)
  • 23 Apr 09 (AM) – FirstREIT (Tables Updated)
  • 23 Apr 09 – FrasersCT (Tables Updated)
  • 23 Aor 09 – Mapletree (Tables Updated)
  • 24 Apr 09 (Noon) – Rickmers (Table Updated)
  • 24 Apr 09 – LMIR (Tables Updated)
  • 24 Apr 09 – Cambridge (Tables Updated)
  • 27 Apr 09 – StarHill Gbl (Tables Updated)
  • 28 Apr 09 – a-iTrust (Table Updated)
  • 28 Apr 09 – Suntec (Tables Updated)
  • 30 Apr 09 (AM) – CCT (Tables Updated)
  • 30 Apr 09 – FCOT (Tables Updated)
  • 30 Apr 09 – CDLHTrust (Tables Updated)
  • 6 May 09 – Fortune
  • 7 May 09 – PLife

Average Yield = 15.370% / 13.506% (Excl. Saizen & MI-REIT)

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

MI-REIT

Q3 : Dec-08

2.35

S$0.285

32.982%

S$1.27

Industrial

Saizen

FY08 – IPO

5.30

S$0.18

29.444%

S$1.04

Residential (Japan)

LMIR

Q1 : Mar-09

1.36

S$0.29

18.759%

S$0.7273

Malls – Indonesia

Cambridge

Q1 : Mar-09

1.291

S$0.295

17.749%

S$0.73

Industrial

FrasersComm

Q1 : Mar-09

0.72

S$0.17

17.176%

S$0.79

Malls + Office (S’pore and Aust)

Suntec

Q2: Mar-09

2.918

S$0.735

16.101%

S$1.972

Malls + Office

Starhill Gbl

Q1 : Mar-09

1.87

S$0.48

15.792%

S$1.41

Malls + Office

CCT

Q1 : Mar-09

3.24

S$0.855

15.368%

S$2.91

Office

K-REIT

Q1 : Mar-09

2.38

S$0.67

14.403%

S$2.20

Office

AscottREIT

Q1 : Mar-09

1.77

S$0.50

14.360%

S$1.51

Serviced Apts (Regional)

CDL HTrust

Q1 : Mar-09

1.97

S$0.58

13.776%

S$1.39

Hotels

MapleTree

Q1 : Mar-09

1.47

S$0.43

13.674%

S$0.88

Industrial

First REIT

Q1 : Mar-09

1.88

S$0.565

13.487%

S$0.9297

Hospitals + Hotel (Indonesia)

Fortune

2H : Dec-08

18.51

HK$3.00

12.340%

HK$7.58

Malls (HK)

CapitaRChina

Q1 : Mar-09

2.14

S$0.80

10.850%

S$1.22

Malls (China)

FrasersCT

Q2 : Mar-09

1.86

S$0.74

10.054%

S$1.23

Malls

PLife

Q4 : Dec-08

1.84

S$0.76

9.684%

S$1.32

Hospitals

A-REIT

Q4 : Mar-09

3.23

S$1.34

9.642%

S$1.58

Industrial

CMT

Q1 : Mar-09

1.97

S$1.25

6.392%

S$1.65

Malls + Office

NOTES :

  • Mkt Price is as on 30-Apr-09
  • CDLHTrust : Annualised DPU = 7.99ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • FrasersComm : Annualised DPU = 2.92ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CCT : Annualised DPU = 13.14ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • Suntec : Annualised DPU = 11.834ct
  • StarHill Gbl : Annualised DPU = 7.58ct
  • Cambridge : Annualised DPU = 5.236ct
  • LMIR : Annualised DPU = 5.44ct
  • FrasersCT : 95% Payout
  • FirstREIT – Annualised DPU 7.62ct
  • ART – Annualised DPU = 7.18ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • KREIT : Annualised DPU = 9.65ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CRCT : Annualised DPU = 8.68ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • AREIT : DPU = 2.5ct (21-Jan-09 to 31-Mar-09) + 0.73ct (1-Jan-09 to 20-Jan-09) Already Paid ; Performance Fees in Cash (Not in New Units) Else DPU = 3.8ct ; Preferential Offer 1-for-15 @ $1.16 + Private Placement (258M New Units) Right for DPU from 21-Jan-09 – Listed on 13-Feb-09
  • CMT : Annualised DPU = 7.99ct ; NAV and DPU are Post-Rights Issue (9-for-10 @ $0.82) Right for Q1 DPU – Listed on 3-Apr-09
  • Saizen : No Payout for 1H09 (Dec-08) ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
  • PLife : Annualised DPU = 7.36ct
  • CCT : FY09 DPU (Projected) = 12.34ct – SGX Annc 9-Jun-08 (Pg 23)
  • 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-09

0.98

US$0.17

23.059%

$0.38

Shipping Trust

FSL Trust

Q1 : Mar-09

2.45

S$0.38

38.088%

$0.73

Shipping Trust

Rickmers

Q1 : Mar-09

2.14

S$0.355

35.612%

$0.84

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4769:US$1 fm Yahoo Finance)
  • Rickmers : 46% Payout
  • PST : 90% Payout
  • FSL : Annualised DPU 9.8ct (73% Payout)
  • FSL : SGX Annc (21-Apr-09) Quarterly DPU Forecast – Q209 US2.45ct (75% Payout)

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q3 : Dec-08

1.75

$0.515

13.592%

$0.11*

Infrastructure – Water, Gas

AscendasIndT

2H : Mar-09

4.07

$0.54

15.074%

$0.89

India – Industrial Park

HWT

2H : Dec-08

1.91

$0.35

10.914%

$0.80

China – Water Plant

Indiabulls

FY09 – IPO

5.12

$0.23

22.261%

$1.1337

India – Office

NOTES :

  • HWT : Actual Payout DPU = 2.79ct Due to Sponsor Waiver
  • HWT : FY09 DPU Forecast = 5.42ct
  • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.60
  • 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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