June 2014
REITs : Average Yield = 6.456%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Viva Ind Tr |
Q1 – Mar14 |
1.722 |
$0.795 |
8.785% |
$0.757 |
38.90% |
Biz Park (77.6%) + Hotel (18.6%) + Logistics (3.8%) |
|
OUE Htrust |
Q1 – Mar14 |
1.680 |
$0.890 |
7.551% |
$0.910 |
32.20% |
Hotel (69%) + Retail (31%) |
|
SoilbuildBizREIT |
Q1 – Mar14 |
1.562 |
$0.800 |
7.535% |
$0.810 |
29.10% |
Business Park (2) + Industrial (5) |
|
Ascendas-hTrust |
2H – Mar14 |
2.813 |
$0.750 |
7.501% |
$0.770 |
35.60% |
Hotels : Australia (51%) + Singapore (24%) + Japan (16%) + China (9%) |
|
Sabana REIT |
Q1 – Mar14 |
1.880 |
$1.045 |
7.292% |
$1.070 |
37.00% |
Industrial (22) |
|
Cache Log Trust |
Q1 – Mar14 |
2.140 |
$1.195 |
7.263% |
$0.980 |
29.10% |
Industrial : Singapore (12) + Shanghai (1) |
|
Mapletree GCC Tr |
2H – Mar14 |
3.099 |
$0.865 |
7.165% |
$1.058 |
38.00% |
Retail + Office (China + HK) |
|
OUE COMMERCIAL REIT |
Q1 – Mar14 |
1.000 |
$0.800 |
7.129% |
$1.060 |
40.80% |
Retail + Office |
|
Mapletree Ind Tr |
Q4 – Mar14 |
2.510 |
$1.430 |
7.021% |
$1.200 |
34.40% |
Industrial (84) |
|
AIMSAMP Cap Reit |
Q4 – Mar14 |
2.510 |
$1.440 |
6.972% |
$1.468 |
31.70% |
Industrial (26) |
|
Saizen REIT |
1H – Dec13 |
3.250 |
$0.940 |
6.915% |
$1.170 |
38.00% |
Residential (Japan) – 139 |
|
First REIT |
Q1 – Mar14 |
1.990 |
$1.185 |
6.810% |
$0.965 |
32.30% |
Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3) |
|
Lippo Malls Tr |
Q1 – Mar14 |
0.680 |
$0.400 |
6.800% |
$0.452 |
26.70% |
Retail (Indonesia) |
|
CapitaR China Tr |
Q1 – Mar14 |
2.400 |
$1.480 |
6.574% |
$1.450 |
31.80% |
Retail (China) – 10 |
|
Cambridge Ind Tr |
Q1 – Mar14 |
1.251 |
$0.775 |
6.547% |
$0.694 |
29.90% |
Industrial (48) |
|
Mapletree Log Tr |
Q4 – Mar14 |
1.890 |
$1.165 |
6.489% |
$0.970 |
33.30% |
Industrial (111) |
|
CDL Htrust |
Q1 – Mar14 |
2.750 |
$1.760 |
6.335% |
$1.617 |
29.90% |
Hotels : Singapore (77.1%) + Australia (10.5%) + NZ (4.5%) + Maldives (7.9%) |
|
Keppel Reit |
Q1 – Mar14 |
1.970 |
$1.280 |
6.242% |
$1.370 |
42.40% |
Offices : Singapore (5) + Australia (4) |
|
Ascendas Reit |
Q4 – Mar14 |
3.550 |
$2.300 |
6.174% |
$2.020 |
30.00% |
Industrial : Singapore (105) + China (2) |
|
Fortune Reit HKD |
Q1 – Mar14 |
10.380 |
$6.770 |
6.133% |
$10.240 |
32.90% |
Retail (HK) |
|
Frasers Com Tr |
Q2 – Mar14 |
2.052 |
$1.355 |
6.133% |
$1.550 |
37.80% |
Office + Retail (5) |
|
StarhillGbl Reit |
Q1 – Mar14 |
1.240 |
$0.825 |
6.097% |
$0.920 |
29.60% |
Retail (86.8%) + Office (13.2%) by Revenue |
|
Far East HTrust |
Q1 – Mar14 |
1.300 |
$0.870 |
5.977% |
$0.980 |
30.90% |
Hotels (67.4%) + Serviced Apts (13.9%) + Commercial (18.7%) by Revenue |
|
Frasers Cpt Tr |
Q2 – Mar14 |
2.880 |
$1.895 |
5.916% |
$1.780 |
27.70% |
Retail (5) + 31.17% of Hektar (MREIT) |
|
Ascott Reit |
Q1 – Mar14 |
1.750 |
$1.225 |
5.714% |
$1.360 |
35.90% |
Serviced Apts (82) : AsiaPacific (63.4%) + Europe (36.6%) |
|
Mapletree Com Tr |
Q4 – Mar14 |
1.953 |
$1.370 |
5.702% |
$1.160 |
38.70% |
Retail + Office |
|
SPHREIT |
Q2 – Feb14 |
1.390 |
$1.025 |
5.424% |
$0.900 |
26.90% |
Retail (2) |
|
CapitaMall Trust |
Q1 – Mar14 |
2.570 |
$1.975 |
5.276% |
$1.710 |
35.10% |
Retail (16) + Office |
|
Suntec Reit |
Q1 – Mar14 |
2.229 |
$1.810 |
4.994% |
$2.056 |
37.30% |
Retail + Office |
|
CapitaCom Trust |
Q1 – Mar14 |
2.080 |
$1.700 |
4.894% |
$1.660 |
30.00% |
Office (65%) + Retail (21%) + Hotel (14%) |
|
ParkwayLife Reit |
Q1 – Mar14 |
2.820 |
$2.360 |
4.780% |
$1.600 |
35.00% |
Hospitals + Nursing Homes = 47 |
NOTES :
- Mkt Price is as on 30-Jun-14
- A-HTrust : DPU Payout = 2.8813ct = 2.8129ct (1-Oct-13 to 31-Mar-14) + 0.0684ct (1-Apr-14 to 8-Apr-14) Already xd on 4-Apr-14
- VIT : Annualised DPU = 6.984ct
- OUE C-Trust : For the Period 27-Jan-14 to 31-Mar-14
- CRCT : DPU Not Paid as Semi-Annual Payout Policy
- PLife : Annualised DPU = 11.28ct
- SB REIT : Annualised DPU = 6.028ct (Excludes One-Off Income of $400k)
- StarHill Global : Annualised DPU = 5.03ct
- CDL H-Trust : DPU Not Paid as Semi-Annual Payout Policy ; Annualised DPU = 11.15ct
- CRCT : DPU Not Paid as Semi-Annual Payout Policy ; Annualised DPU = 9.73ct
- Suntec : Annualised DPU = 9.04ct ; DPU = Advanced 2.105ct (1-Jan to 26-Mar) Already Paid + 0.124ct (27-Mar to 31-Mar)
- AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
- FCOT : Annualised DPU = 8.31ct
- CMT : Annualised DPU = 10.42ct
- CLT : Annualised DPU = 8.679ct
- FCT : Above Yield is Computed using last 4Qs DPU = 11.21ct ie 2.5ct (Dec13) + 2.98ct (Sep13) + 2.85ct (Jun13) + 2.88ct (Mar14)
- CCT : DPU Not Paid as Semi-Annual Payout Policy
- Sabana : Annualised DPU = 7.62ct
- Cambridge : Annualised DPU = 5.074ct
- FirstREIT : Annualised DPU = 8.07ct
- Keppel REIT : Annualised DPU = 7.99ct
- OUE C-REIT : IPO Prospectus ; DPU : FY14 = 5.44ct / 4.45ct if Exclude Income Support ; FY15 = 5.51ct (4.6ct if Exclude) ; Gearing = 42.3% ; NAV = $1.043 ; Listing on 27-Jan-14 2pm
- Suntec : Includes Capital = 0.175ct
- Saizen : 5-to-1 Unit Consolidation on 5-Nov-13
- Viva Industrial Trust : IPO Prospectus ; DPU : FY13 = 3.42ct (1-Jul-13 to 31-Dec-13) / 2.23ct if Exclude Income Support ; FY14 = 6.87ct (4.79ct if Exclude) ; FY15 = 7.03ct (5.19ct if Exclude) ; Gearing = 40.2% ; NAV = $0.74 ; Listing on 4-Nov-13 2pm
- MLT : Includes 0.2ct Divestment Gain for 8 Qs from Q114 (Jun13)
- SoilBuild Business Space REIT : IPO Prospectus ; DPU : FY13 = 4.37ct (1-Apr-13 to 31-Dec-13) / FY14 = 5.97ct ; Yield : FY13 = 7.47% / FY14 = 7.654% ; Gearing = 29.9% ; NAV = $0.80 ; Listing on 16-Aug-13 2pm
- OUE H-Trust : IPO Prospectus ; DPU : FY13 = 4.77ct (1-Apr-13 to 31-Dec-13) / FY14 = 6.57ct ; Yield : FY13 = 7.194% / FY14 = 7.466% ; Gearing = 33.2% ; NAV = $0.903 ; Listing on 25-Jul-13 2pm
- SPH REIT : IPO Prospectus ; DPU : FY13 (Aug) = 2.51ct (1-Mar-13 to 31-Aug-13) / FY14 (Aug) = 5.21ct ; Yield : FY13 = 5.578% / FY14 = 5.789% ; Gearing = 27.3% ; NAV = $0.88 ; Listing on 24-Jul-13 2pm
- 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
- 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
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q1 – Mar14 |
0 |
$0.090 |
0.000% |
$0.400 |
Shipping Trust |
|
RickmersMaritime |
Q1 – Mar14 |
0.6 |
$0.295 |
10.154% |
$0.630 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2481:US$1 fm Yahoo Finance)
- Rickmers : 24% Payout
- FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13
Other Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
CitySpring Trust |
Q4 – Mar14 |
0.82 |
$0.475 |
6.905% |
$0.234 |
Infrastructure – Water + Gas + Power |
|
Keppel Infra Tr |
2H – Dec13 |
7.82 |
$1.045 |
7.483% |
$0.960 |
Energy (Incineration) + Water (NEWater) |
|
Ascendas-iTrust |
2H – Mar14 |
2.32 |
$0.835 |
5.557% |
$0.620 |
India – Industrial Park |
|
Indiabulls Trust |
2H – Mar14 |
0.0162 |
$0.130 |
0.243% |
$0.341 |
India – Office |
|
HPH Trust USD |
2H – Dec13 |
22.3 |
$0.720 |
7.347% |
HK$7.32 |
Ports – HK + China |
|
Forterra Trust |
2H – Dec13 |
— |
$1.650 |
0.000% |
$4.440 |
China – Retail + Office + Industrial |
|
Perennial CRT |
Q1 – Mar14 |
0.95 |
$0.540 |
7.130% |
$0.730 |
China Retail |
|
Religare Htrust |
Q3 – Dec13 |
2.14 |
$0.925 |
9.254% |
$0.804 |
India – Healthcare |
|
Croesus Rtrust |
Q3 – Mar14 |
1.76 |
$0.955 |
7.372% |
Y70.95 |
Japan – Retail |
|
Asian Pay TV Tr |
2H – Dec13 |
4.13 |
$0.780 |
10.577% |
$0.870 |
Taiwan PayTV |
NOTES :
- CRT : DPU Not Paid as Semi-Annual Payout Policy
- APTT : DPU Not Paid as Semi-Annual Payout ; Above Yield uses FY14 (IPO Projection) DPU = 8.25ct ; ie 1H = 4.12ct + 2H = 4.13ct
- PCRT : DPU Not Paid as Semi-Annual Payout ; Annualised Yield = 3.85ct
- CitySpring : Guidance for FY15 DPU = 3.28ct ie 0.82ct / Q
- CroesusRT : Annualised DPU = 8.11ct ; Above DPU is for the Period 10-May-13 to 31-Dec-13 ; Exchange Rate Y100 = S$1.2313
- Indiabulls : No DPU Payout as Semi-Annual Policy
- Religare : No DPU Payout as Semi-Annual Policy
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7506:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun13) = HK18.7ct + 2H (Dec13) = HK22.3ct
- a-iTrust : No DPU Payout as Semi-Annual Payout Policy ; Above DPU is based on 90% Payout
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- K-Green : 1H13 DPU Payout = 3.13ct ; 2H12 DPU Payout = 4.69ct ; Above Table Uses 2H12 + 1H13 DPU = 7.82ct to Calculate Yield
- 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
- 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
- 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
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