March 2013

 

REITs : Average Yield = 5.598%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Sabana REIT

Q4 – Dec12

2.410

$1.265

7.581%

$1.070

37.60%

Industrial

SaizenREIT

1H – Dec12

0.660

$0.190

6.947%

$0.270

32.00%

Residential (Japan)

AscendasHT

Q3 – Dec12

1.770

$1.030

6.874%

$0.780

35.80%

Hotels : Australia (71%) + Japan (25%) + China (4%)

MapletreeInd

Q3 – Dec12

2.320

$1.405

6.605%

$1.020

37.10%

Industrial

CACHE

Q4 – Dec12

2.154

$1.305

6.566%

$0.930

31.70%

Industrial

AIMSAMPI Reit

Q3 – Dec12

2.580

$1.575

6.552%

$1.469

33.60%

Industrial

AscottREIT

2H – Dec12

4.238

$1.380

6.344%

$1.350

40.10%

Serviced Apts (Regional)

Cambridge

Q4 – Dec12

1.229

$0.790

6.189%

$0.647

38.60%

Industrial

Kep REIT

Q4 – Dec12

1.970

$1.360

5.794%

$1.300

42.90%

Office

LippoMalls

Q4 – Dec12

0.740

$0.515

5.748%

$0.562

24.50%

Retail (Indonesia)

MapletreeLog

Q3 – Dec12

1.720

$1.215

5.663%

$0.880

35.90%

Industrial

Ascendasreit

Q3 – Dec12

3.620

$2.600

5.569%

$1.880

32.80%

Industrial

CDL Htrust

2H – Dec12

5.620

$2.050

5.483%

$1.610

24.90%

Hotels : Singapore (82.5%) + Australia (13%) + NZ (4.5%)

CapitaRChina

2H – Dec12

4.720

$1.750

5.394%

$1.290

28.00%

Retail (China)

First REIT

Q4 – Dec12

1.720

$1.250

5.264%

$0.827

27.10%

Hospitals + Hotel (Indonesia)

SuntecReit

Q4 – Dec12

2.326

$1.800

5.169%

$2.044

36.70%

Retail + Office

Far East HTrust

Q4 – Dec12

2.090

$1.175

5.153%

$0.970

29.20%

Hotels + Serviced Apts

CapitaComm

2H – Dec12

4.080

$1.585

5.148%

$1.620

30.10%

Office (63%) + Retail (22%) + Hotel (15%)

Starhill Gbl

Q4 – Dec12

1.130

$0.890

5.056%

$0.960

30.30%

Retail + Office

MapletreeGCC

FY14 – IPO

5.240

$1.040

5.038%

$0.910

43.00%

Retail + Office (China + HK)

MapletreeCom

Q3 – Dec12

1.667

$1.345

4.914%

$1.055

35.30%

Retail + Office

Fortune Reit HK$

2H – Dec12

16.530

$6.860

4.819%

$8.810

23.40%

Retail (HK)

CapitaMall

Q4 – Dec12

2.360

$2.090

4.493%

$1.640

36.70%

Retail + Office

FrasersCT

Q1 – Dec12

2.400

$2.140

4.486%

$1.530

30.10%

Retail

Frasers Comm

Q1 – Dec12

1.583

$1.410

4.454%

$1.500

29.20%

Office + Retail

PLife REIT

Q4 -Dec12

2.690

$2.530

4.253%

$1.550

32.90%

Hospitals

NOTES :

  • Mkt Price is as on 28-Mar-13
  • MGCT : IPO Prospectus ; DPU : FY14 (Mar) = 5.24ct / FY15 (Mar) = 5.69ct ; Yield : FY14 = 5.634% / FY15 = 6.118% ; Gearing = 43% ; NAV = $0.91 ; Listing on 7-Mar-13 2pm
  • FE-HTrust : DPU = 2.09ct (27-Aug-12 to 31-Dec-12)
  • CRCT : DPU = 1.5ct (2-Nov-12 to 31-Dec-12) + 3.22ct (1-Jul-12 to 1-Nov-12) Already Paid
  • AIMSAMPReit : The DPU of 2.58 cents includes an amount of 0.05 cents resulting from a tax adjustment in relation to FY2008 and FY2009 upon finalisation of the Trust’s Years of Assessment 2009 and 2010 with IRAS
  • StarHill Global : Annualised DPU = 4.5ct
  • A-HTrust : DPU = 1.55ct (if no sponsor waiver) ; DPU Not Paid as Semi-Annual Policy
  • FCOT : Annualised DPU = 6.28ct
  • PLife : Annualised DPU = 10.76ct
  • FirstREIT : Q4 DPU = 0.7ct (26-Nov-12 to 31-Dec-12) + 1.02ct (1-Oct-12 to 25-Nov-12) Already Paid ; Annualised DPU = 6.58ct
  • ART : Yield Computed Using 1H DPU = 4.517ct + 2H DPU = 4.238ct
  • CLT : Annualised DPU = 8.569ct
  • CMT : Annualised DPU Payout = 9.39ct ; DPU = 0.81ct (30-Nov-12 to 31-Dec-12) + Advanced DPU Paid = 1.55ct (1-Oct-12 to 29-Nov-12)
  • Cambridge : Annualised DPU = 4.889ct
  • Sabana : Annualised DPU = 9.59ct
  • CCT : Annualised DPU = 8.12ct
  • FE-HTrust : IPO Prospectus ; DPU : FY12 = 2.32ct (Forecast Period 1-Aug-12 to 31-Dec-12 ; Entitlement only from Listing Date) / FY13 = 5.83ct ; Yield : FY12 = 5.99% / FY13 = 6.27% ; Gearing = 30.5% ; NAV = $0.93 ; Listing on 27-Aug-12 2pm
  • A-HTrust : Listing on 27-Jul-12 2pm ; FY13 DPU = 4.61ct (27 Jul 12 to 31 Mar 13) incl. Waiver of 0.61ct from Sponsor entitlement ; FY14 DPU = 7.07ct ; Gearing = 37.6% Post-IPO Acquisition of Ibis Beijing SanYuan; IPO Prospectus
  • FCT : A total of $2.3 million has been retained in 1H12 (1Q12: $1.6 million + 2Q12: $0.7 million) + 3Q12 : $1.172 million
  • A-REIT : Private Placement (3 May 12) – 150Mil @ $1.99 ; Listing on 14 May 12 2pm
  • MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm

  
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q4 – Dec12

0

$0.125

0.000%

$0.480

Shipping Trust

Rickmers

Q4 – Dec12

0.6

$0.345

8.640%

$1.000

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2420:US$1 fm Yahoo Finance)
  • Rickmers : 10% Payout (of Cash flow available for distribution before payment to debt capital providers)
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13

   
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

CitySpring

Q3 – Dec12

0.82

$0.465

7.054%

$0.222

Infrastructure – Water + Gas + Power

K-Green

2H – Dec12

7.82

$1.105

7.077%

$1.010

Energy (Incineration) + Water (NEWater)

AscendasIndT

1H – Sep12

2.5

$0.825

5.821%

$0.610

India – Industrial Park

Indiabulls

1H – Sep12

0.0184

$0.109

0.338%

$0.409

India – Office

HPH Trust US$

FY12 – IPO

6.59

$0.850

7.753%

HK$7.58

Ports – HK + China

ForterraTr

2H – Dec12

$1.600

0.000%

$4.200

China – Retail + Office + Industrial

PerennialCRT

2H – Dec12

1.96

$0.590

6.644%

$0.700

China Retail

Religare

FY13 – IPO

4

$0.905

8.840%

$0.860

India – Healthcare

NOTES :

  • Forterra (TCT) : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
  • Religare : DPU = 1.66ct (1-Oct-13 to 31-Dec-13) or 1.19ct (no Sponsor Waiver) ; No DPU Payout as Semi-Annual Payout Policy
  • Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
  • a-iTrust : Q3 DPU = 1.34ct (90% Payout) ; Not Paid Out as Semi-Annual Policy
  • a-iTrust : 1-Apr-12 to 8-Oct-12 ; 1H DPU = 2.4ct (90% Payout)
  • HPH-Trust : No DPU Payout as Semi-Annual Payout Policy
  • Indiabulls : Maiden DPU Declared since Listing on 11-Jun-08
  • HPH Trust : 1H12 DPU Payout = HK24.05ct ; Above Table Uses IPO Forecast to Compute Yield (Both DPU & Mkt Price in US$)
  • K-Green : 1H12 DPU Payout = 3.13ct ; 2H11 DPU Payout = 4.69ct ; Above Table Uses 2H11 + 1H12 DPU = 7.82ct to Calculate Yield
  • CitySpring : Guidance for FY13 DPU = 3.28ct ie 0.82ct / Q

 

 

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