July 2011

Results Announcement

  • 14 Jul 11 (AM) : CCT (Tables Updated)
  • 15 Jul 11 (AM) : CRCT (Tables Updated)
  • 18 Jul 11 : K-REIT (Tables Updated)
  • 18 Jul 11 : KGT (Table Updated)
  • 18 Jul 11 : A-REIT (Tables Updated)
  • 19 Jul 11 (AM) : CMT (Tables Updated)
  • 19 Jul 11 : Cambridge (Tables Updated)
  • 20 Jul 11 : PST (Table Updated)
  • 20 Jul 11 : FSL (Table Updated)
  • 21 Jul 11 : Suntec (Tables Updated)
  • 21 Jul 11 : MLT (Tables Updated)
  • 22 Jul 11 (AM) : FirstREIT (Tables Updated)
  • 22 Jul 11 (AM) : ART (Tables Updated)
  • 22 Jul 11 : Fortune (Tables Updated)
  • 25 Jul 11 : Starhill Global (Tables Updated)
  • 25 Jul 11 : Rickmers (Table Updated)
  • 26 Jul 11 (AM) : FCT (Tables Updated)
  • 26 Jul 11 (AM) : TCT (Table Updated)
  • 26 Jul 11 : MIT (Tables Updated)
  • 26 Jul 11 : AIMSAMPReit (Tables Updated)
  • 27 Jul 11 : CDL H-Trust (Tables Updated)
  • 27 Jul 11 : CLT (Tables Updated)
  • 27 Jul 11 : MCT (Tables Updated)
  • 27 Jul 11 : Sabana (Tables Updated)
  • 28 Jul 11 : a-iTrust (Table Updated)
  • 29 Jul 11 : FCOT (Tables Updated)
  • 4 Aug 11 (AM) : PLife

 

 

 

REITs : Average Yield = 6.705%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

AIMSAMPIReit

Q1 – Jun11

0.53

$0.225

9.422%

$0.268

30.40%

Industrial

Sabana REIT

Q2 – Jun11

2.18

$0.955

9.152%

$0.980

25.10%

Industrial

CACHE

Q2 – Jun11

2.086

$0.990

8.452%

$0.880

29.10%

Industrial

Cambridge

Q2 – Jun11

1.036

$0.505

8.228%

$0.620

32.70%

Industrial

First REIT

Q2 – Jun11

1.58

$0.820

7.768%

$0.781

13.80%

Hospitals + Hotel (Indonesia)

AscottREIT

1H – Jun11

4.466

$1.185

7.538%

$1.330

40.10%

Serviced Apts (Regional)

LippoMapleT

Q1 – Mar11

1.17

$0.645

7.256%

$0.860

10.00%

Retail (Indonesia)

CapitaRChina

1H – Jun11

4.3

$1.240

6.992%

$1.140

29.70%

Retail (China)

MapletreeLog

Q2 – Jun11

1.6

$0.920

6.957%

$0.830

39.40%

Industrial

SuntecReit

Q2 – Jun11

2.532

$1.535

6.616%

$1.759

38.50%

Retail + Office

MapletreeInd

Q1 – Jun11

1.98

$1.225

6.465%

$0.950

36.00%

Industrial

SaizenREIT

1H – Dec10

0.52

$0.161

6.460%

$0.340

36.90%

Residential (Japan)

Starhill Gbl

Q2 – Jun11

1.04

$0.650

6.415%

$0.930

30.20%

Retail + Office

Frasers Comm

Q3 – Jun11

1.38

$0.870

6.368%

$1.330

37.10%

Retail + Office

Ascendasreit

Q1 – Jun11

3.2

$2.040

6.275%

$1.738

28.70%

Industrial

Fortune Reit HK$

1H – Jun11

12.8

$4.120

6.214%

$7.520

18.10%

Retail (HK)

MapletreeCom

Q1 – Jun11

0.9564

$0.900

5.967%

$0.915

38.60%

Retail + Office

K-REIT

1H – Jun11

3.72

$1.320

5.682%

$1.470

39.20%

Office

FrasersCT

Q3 – Jun11

1.95

$1.540

5.377%

$1.280

31.70%

Retail

CapitaComm

1H – Jun11

3.77

$1.410

5.348%

$1.520

26.90%

Office

CDL Htrust

1H – Jun11

5.34

$2.080

5.178%

$1.530

26.30%

Hotels

PLife REIT

Q1 – Mar11

2.36

$1.860

5.075%

$1.390

34.30%

Hospitals

CapitaMall

Q2 – Jun11

2.36

$1.885

5.024%

$1.550

38.20%

Retail + Office

NOTES :

  • Mkt Price is as on 29-Jul-11
  • FCOT : Annualised DPU = 5.54ct ; No DPU Payout as Semi-Annual Payout Policy
  • Sabana : Annualised DPU = 8.74ct
  • CLT : Annualised DPU = 8.367ct
  • MCT : Annualised DPU = 5.37ct ; Actual DPU for the Period 27-Apr-11 to 30-Jun-11
  • CDL H-Trust : Annualised DPU = 10.77ct
  • AIMSAMPReit : 96.8% Payout
  • StarHill Global : Annualised DPU = 4.17ct
  • FirstREIT : Annualised DPU = 6.37ct
  • Suntec : Annualised DPU = 10.156ct
  • Cambridge : Annualised DPU = 4.155ct
  • CMT : Annualised DPU = 9.47ct
  • A-REIT : Actual DPU Payout = 2.81ct (11-Apr-11 to 30-Jun-11) ; DPU = 0.39ct (1-Apr-11 to 10-Apr-11) Paid on 9-May-11
  • K-REIT : Annualised DPU = 7.5ct
  • CRCT : Actual DPU Payout = 4.28ct (1-Jan-11 to 29-Jun-11)
  • Saizen : DPU Not Declared as Semi-Annual Payout Policy
  • PLife : Annualised DPU = 9.44ct
  • MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm
  • FCT : Retained $318k Distributable Income for Q211 (Mar)
  • FCOT : 5-to-1 Stocks Consolidation on 8-Feb-11 ; Circular (30-Dec-10) : Proforma FY10 (Sep) – DPU 5.55ct ; NAV $1.38 ; Issued Shares 620,857,225
  • FirstREIT : Proposed Rights 5-for-4 @ $0.50 ; SGX Annc (10-Nov-10) ; FY11 Forecast – DPU 6.4ct ; NAV $0.76 ; Gearing 17.25% ; TERP $0.70 (Mkt $0.95)
  • Sabana : Forecast DPU FY11 = 8.63ct ; FY12 = 8.67ct ; Listed on 26 Nov 10 2pm @ $1.05
  • MIT (IPO) : IPO Forecast – 3.1ct (FY11 – Mar) ; 7.46ct (FY12 – Mar) ; Listing : 21-Oct-10 2pm ; IPO Prospectus
  • AIMSAMPReit : Proposed Rights 7-for-20 @ $0.155 ; SGX Annc (24-Aug-10) ; Proforma Q111 (Mar-10) Impact – DPU 0.52ct ; NAV $0.26 ; Gearing 34.8% ; TERP $0.211
  • StarHill Gbl : Proposed Acquisitions (Cash RM300M + MTN RM330M + CPU RM405M) ; SGX Annc (16-Apr-10) ; Proforma (FY09) Impact – DPU 4.36ct (4.34ct if CPUs converted) / NAV $0.91 ($0.81 if CPUs converted) / Gearing 29%
  • CLT (IPO) : IPO Forecast – 7.65ct (FY10) ; 7.78ct (FY11) ; IPO Close : 8-Apr-10 12pm ; Listing : 12-Apr-10 2pm ; IPO Prospectus
  • FCT : Private Placement 137Mil New Units @ $1.33 ; SGX Annc (27-Jan-10) ; Listing on 4-Feb-10 2pm
  • FCT : Proposed Acquisitions + New Shares Issue ; Circular (7-Jan-10)

  
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

PacShipTr US$

Q2 – Jun11

0.809

$0.365

8.866%

$0.42

Shipping Trust

FSL Trust

Q2 – Jun11

0.95

$0.345

13.269%

$0.53

Shipping Trust

Rickmers

Q2 – Jun11

0.6

$0.405

7.139%

$0.87

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2047:US$1 fm Yahoo Finance)
  • FSL : 43% Payout
  • PST : 70% Payout
  • Rickmers : 10% Payout (of Cash flow available for distribution before payment to debt capital providers)

   
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

CitySpring

Q4 – Mar11

1.05

$0.490

8.571%

$0.354

Infrastructure – Water + Gas + Power

K-Green

FY11 – IPO

7.82

$1.070

7.308%

$1.09

Energy (Incineration) + Water (NEWater)

AscendasIndT

Q1 – Jun11

1.5

$0.960

6.250%

$0.76

India – Industrial Park

Indiabulls

Q4 – Mar11

$0.200

$0.52

India – Office

HPH Trust US$

FY11 – IPO

5.9

$0.760

7.763%

Ports – HK + China

TCT

1H – Jun11

5

$2.030

4.926%

$4.17

China – Retail + Office + Industrial

PerennialCRT

FY11 – IPO

2.37

$0.635

5.843%

$0.67

China Retail

NOTES :

  • a-iTrust : No DPU Payout as Semi-Annual Payout Policy
  • K-Green : Actual DPU Payout = 3.13ct ; Above Table Uses FY11 IPO Forecast DPU to Calculate Yield
  • CitySpring : Proposed 11-for-20 Rights Issue @ $0.39. TERP = $0.4835 @ $0.535 (Mkt Price) ; Annualised Yield (Profroma 2FY11) = 6.8% @ TERP (Before Rights = 8.4% @ $0.535)
  • PCRT : IPO DPU Forecast – FY11 = 2.37ct ; FY12 = 3.86ct ; Semi-Annual Dividend Payout with 1st Payout for Dec-11 ; Listing on 9-Jun-11 2pm
  • CitySpring : Guidance for FY12 DPU = 4.2ct
  • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.429
  • Indiabulls : No DPU Declared
  • HPH Trust : IPO DPU Forecast – FY11 = US5.9ct (HK45.88ct) ; FY12 = US6.59ct (HK51.24ct)
  • K-Green : DPU – FY10 (6mths) = 3.91ct ; FY11 = 7.82ct ; Circular (31-May-10) ; Listing – 29-Jun-10 9am
  • IndiaBulls : Proposed 53-for-100 Rights @ $0.16 (xr 2-Oct-09) ; Circular (10-Sep-09) ; TERP $0.258 (Mkt $0.31) ; NAV $0.54
  • CitySpring : Proposed 1-for-1 Rights @ $0.48 (xr 25-Aug-09) ; Circular (21-Aug-09) ; DPU = 1ct (Proforma Q109) ; Yield 6.349% ; TERP $0.63 (Mkt $0.78) ; NAV $0.28
  • Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)

 

Comments are Closed