June 2013
REITs : Average Yield = 6.321%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
AscendasHT |
2H – Mar13 |
3.662 |
$0.835 |
8.770% |
$0.820 |
35.30% |
Hotels : Australia (70%) + Japan (20%) + China (10%) |
|
Sabana REIT |
Q1 – Mar13 |
2.410 |
$1.155 |
8.459% |
$1.060 |
37.70% |
Industrial (21) |
|
LippoMalls |
Q1 – Mar13 |
0.890 |
$0.490 |
7.265% |
$0.565 |
24.30% |
Retail (Indonesia) |
|
CACHE |
Q1 – Mar13 |
2.234 |
$1.250 |
7.248% |
$0.960 |
29.20% |
Industrial : Singapore (11) + Shanghai (1) |
|
MapletreeInd |
Q4 – Mar13 |
2.370 |
$1.320 |
7.182% |
$1.100 |
34.80% |
Industrial (83) |
|
SaizenREIT |
1H – Dec12 |
0.660 |
$0.184 |
7.174% |
$0.250 |
39.00% |
Residential (Japan) |
|
AIMSAMPI Reit |
Q4 – Mar13 |
2.840 |
$1.640 |
6.927% |
$1.476 |
34.00% |
Industrial (25) |
|
Cambridge |
Q1 – Mar13 |
1.234 |
$0.725 |
6.903% |
$0.655 |
35.30% |
Industrial (51) |
|
AscottREIT |
Q1 – Mar13 |
2.250 |
$1.290 |
6.787% |
$1.320 |
36.00% |
Serviced Apts (Regional) |
|
CapitaRChina |
Q1 – Mar13 |
2.310 |
$1.410 |
6.645% |
$1.310 |
25.40% |
Retail (China) |
|
CDL Htrust |
Q1 – Mar13 |
2.690 |
$1.700 |
6.418% |
$1.590 |
28.30% |
Hotels : Singapore (82.5%) + Australia (13%) + NZ (4.5%) |
|
MapletreeLog |
Q4 – Mar13 |
1.730 |
$1.100 |
6.291% |
$0.900 |
34.10% |
Industrial (111) |
|
Kep REIT |
Q1 – Mar13 |
1.970 |
$1.295 |
6.170% |
$1.290 |
43.30% |
Offices : Singapore + Australia |
|
Ascendasreit |
FY13 – Mar13 |
13.740 |
$2.230 |
6.161% |
$1.913 |
28.30% |
Industrial |
|
MapletreeCom |
Q4 – Mar13 |
1.737 |
$1.185 |
5.863% |
$1.060 |
40.90% |
Retail + Office |
|
Frasers Comm |
Q2 – Mar13 |
1.988 |
$1.380 |
5.848% |
$1.500 |
31.70% |
Office + Retail |
|
First REIT |
Q1 – Mar13 |
1.740 |
$1.215 |
5.811% |
$0.836 |
27.10% |
Hospitals + Hotel (Indonesia) |
|
FrasersCT |
Q2 – Mar13 |
2.700 |
$1.870 |
5.775% |
$1.540 |
30.50% |
Retail (5) + 31.17% of Hektar (MREIT) |
|
SuntecReit |
Q1 – Mar13 |
2.228 |
$1.575 |
5.737% |
$2.035 |
36.10% |
Retail + Office |
|
Far East HTrust |
Q1 – Mar13 |
1.380 |
$0.965 |
5.720% |
$0.958 |
29.30% |
Hotels + Serviced Apts |
|
Starhill Gbl |
Q1 – Mar13 |
1.180 |
$0.845 |
5.669% |
$0.960 |
30.50% |
Retail (89%) + Office (11%) |
|
MapletreeGCC |
FY14 – IPO |
5.240 |
$0.945 |
5.545% |
$0.910 |
43.00% |
Retail + Office (China + HK) |
|
CapitaComm |
Q1 – Mar13 |
1.960 |
$1.465 |
5.427% |
$1.620 |
30.40% |
Office (65%) + Retail (21%) + Hotel (14%) |
|
Fortune Reit HK$ |
Q1 – Mar13 |
9.000 |
$7.110 |
5.063% |
$8.820 |
23.10% |
Retail (HK) |
|
CapitaMall |
Q1 – Mar13 |
2.460 |
$1.995 |
5.003% |
$1.640 |
35.20% |
Retail (15) + Office |
|
PLife REIT |
Q1 – Mar13 |
2.640 |
$2.360 |
4.475% |
$1.550 |
31.60% |
Hospitals |
NOTES :
- Mkt Price is as on 28-Jun-13
- Saizen : DPU Not Paid as Semi-Annual Policy
- Fortune : DPU Not Paid as Semi-Annual Policy
- PLife : Annualised DPU = 10.56ct
- A-HTrust : DPU = 3.23ct (if no sponsor waiver)
- FCOT : Annualised DPU = 8.07ct
- ART : Yield Computed Using 1H DPU = 4.517ct + 2H DPU = 4.238ct ; Actual DPU = 2.25ct (Includes Realised Exchange Gain S$8Mil) Not Paid as Semi-Annual Policy ; Advanced DPU = 0.617ct (1-Jan-13 to 5-Feb-13) Already Paid
- StarHill Global : Annualised DPU = 4.79ct (Excludes 0.19ct from Toshin Rental Arrears) ; Actual Payout = 1.37ct (Includes 0.19ct from Toshin Rental Arrears)
- CDL H-Trust : Annualised DPU = 10.91ct ; DPU Not Paid as Semi-Annual Policy
- Suntec : Annualised DPU = 9.036ct ; Includes Capital Gains = 0.12ct
- CLT : Annualised DPU = 9.06ct ; DPU = 2.121ct (1-Jan-13 to 26-Mar-13) xd + 0.113ct (27-Mar-13 to 31-Mar-13) cd
- FirstREIT : Annualised DPU = 7.06ct
- MCT : DPU = 1.737ct includes 0.603ct Advance DPU Paid on 27-Feb-13 for the period 1-Jan-13 to 3-Feb-13
- CRCT : Annualised DPU = 9.37ct ; DPU Not Paid as Semi-Annual Policy
- CMT : Annualised DPU = 9.98ct
- CCT : Annualised DPU = 7.95ct
- Sabana : Annualised DPU = 9.77ct
- Cambridge : Annualised DPU = 5.005ct
- FCT : DPU excludes retained cash of 0.15 cents per unit
- AIMSAMPReit : DPU = 3.14ct includes 0.3ct from Capital Gains ; Above Yield Excludes the Capital Gain Component
- A-REIT : Q4 DPU = 3.06ct (3.37ct before Performance Fee) ; Above Yield Uses FY DPU to Smoothen the Full Impact of Performance Fee
- KepREIT : DPU = 1.35ct (1-Jan-13 to 3-Mar-13) xd + 0.62ct (4-Mar-13 to 31-Mar-13) cd ; Annualised DPU = 7.99ct
- 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 : 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
- 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 |
Q1 – Mar13 |
0 |
$0.107 |
0.000% |
$0.480 |
Shipping Trust |
|
Rickmers |
Q1 – Mar13 |
0.6 |
$0.270 |
11.258% |
$1.030 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2665: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 |
Q4 – Mar13 |
0.82 |
$0.470 |
6.979% |
$0.234 |
Infrastructure – Water + Gas + Power |
|
K-Green |
2H – Dec12 |
7.82 |
$1.045 |
7.483% |
$1.010 |
Energy (Incineration) + Water (NEWater) |
|
AscendasIndT |
2H – Mar13 |
2.25 |
$0.715 |
6.294% |
$0.670 |
India – Industrial Park |
|
Indiabulls |
2H – Mar13 |
0.0166 |
$0.101 |
0.329% |
$0.390 |
India – Office |
|
HPH Trust US$ |
FY12 – IPO |
6.59 |
$0.735 |
8.966% |
HK$7.48 |
Ports – HK + China |
|
ForterraTr |
2H – Dec12 |
— |
$1.760 |
0.000% |
$4.250 |
China – Retail + Office + Industrial |
|
PerennialCRT |
Q1 – Mar13 |
0.95 |
$0.545 |
7.064% |
$0.710 |
China Retail |
|
Religare |
FY13 (Mar) |
3.55 |
$0.850 |
9.295% |
$0.860 |
India – Healthcare |
|
Croesus RTr |
FY14 – IPO |
7.39 |
$0.950 |
7.779% |
$0.906 |
Japan – Retail |
|
Asian Pay TV Tr |
FY13 – IPO |
7.29 |
$0.850 |
8.576% |
$0.934 |
Taiwan PayTV |
NOTES :
- APTT : Prospectus ; IPO @ $0.97 ; FY13 DPU = 7.29ct Yield = 7.51% ; FY14 DPU = 8.25ct Yield = 8.51% ; List on 29-May-13 2pm
- Religare : DPU = 3.55ct (19-Oct-13 to 31-Mar-13) or 2.554ct (if no Sponsor Waiver)
- Croesus : Prospectus ; IPO @ $0.93 ; FY14 DPU = 7.39ct Yield = 7.946% ; FY15 DPU = 7.49ct Yield = 8.054% ; Gearing = 43.7% ; List on 10-May-13 2pm
- CitySpring : Guidance for FY14 DPU = 3.28ct ie 0.82ct / Q
- HPH-Trust : No DPU Payout as Semi-Annual Payout Policy
- a-iTrust : Actual DPU Payout = 2.15ct (9 Oct 12 to 31 Mar 13) ; Advanced DPU Already Paid = 0.1ct (1 Oct 12 to 8 Oct 12) ; 90% Payout
- Forterra (TCT) : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
- Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
- Indiabulls : Maiden DPU on 1H (sep12) Declared since Listing on 11-Jun-08
- HPH Trust : 1H12 DPU Payout = HK24.05ct ; Above Table Uses IPO Forecast to Compute Yield (Both DPU & Mkt Price in US$)
- K-Green : 1H12 DPU Payout = 3.13ct ; 2H11 DPU Payout = 4.69ct ; Above Table Uses 2H11 + 1H12 DPU = 7.82ct to Calculate Yield
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