June 2015

 
 

REITs : Average Yield = 6.573%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Viva Ind Tr

Q1 – Mar15

1.870

$0.795

9.540%

$0.771

43.40%

Biz Park (66.8%) + Hotel (16.4%) + Light Industrial (13.5%) + Logistics (3.3%) by Valuation

Lippo Malls Tr

Q1 – Mar15

0.790

$0.365

8.658%

$0.417

31.60%

Retail (Indonesia) – 17

Sabana REIT

Q1 – Mar15

1.780

$0.850

8.494%

$1.040

38.00%

Industrial (23)

IREIT Global

Q1 – Mar15

1.610

$0.800

8.050%

$0.721

31.80%

Offices : Germany

AIMSAMP Cap Reit

Q4 – Mar15

2.920

$1.495

7.813%

$1.525

31.40%

Industrial (26)

SoilbuildBizREIT

Q1 – Mar15

1.633

$0.850

7.685%

$0.800

38.50%

Business Park 36% + Industrial 64% by NPI

Cache Log Trust

Q1 – Mar15

2.146

$1.155

7.535%

$0.980

36.60%

Industrial : Singapore (13) + Shanghai (1) + Australia (3)

Cambridge Ind Tr

Q1 – Mar15

1.225

$0.685

7.253%

$0.680

36.40%

Industrial (50)

Ascendas-hTrust

2H – Mar15

2.553

$0.705

7.241%

$0.740

37.20%

Hotels (12) : Australia (54%) + Singapore (23%) + Japan (18%) + China (5%) by NPI

Saizen REIT

1H – Dec14

3.100

$0.865

7.168%

$1.130

37.00%

Residential (Japan) – 136

OUE COMMERCIAL REIT

Q1 – Mar15

1.440

$0.815

7.067%

$1.100

38.60%

Retail (9.9%) + Office (90.1%) by Revenue

FHT

1H – Mar15

4.340

$0.860

7.057%

$0.867

38.40%

Hotel (60.7%) + Serviced Apt (39.3%)

OUE Htrust

Q1 – Mar15

1.610

$0.935

6.888%

$0.900

42.10%

Hotel (73%) + Retail (27%) by NPI

Mapletree Ind Tr

Q4 – Mar15

2.650

$1.560

6.795%

$1.320

30.60%

Industrial (84)

Mapletree GCC Tr

2H – Mar15

3.398

$1.020

6.663%

$1.198

36.20%

Retail + Office (China + HK)

Mapletree Log Tr

Q4 – Mar15

1.850

$1.130

6.549%

$1.010

34.30%

Industrial (117)

Frasers Com Tr

Q2 – Mar15

2.375

$1.530

6.307%

$1.550

37.20%

Singapore (68%) + Australia (32%) by Valuation

CapitaR China Tr

Q1 – Mar15

2.640

$1.740

6.155%

$1.620

28.60%

Retail (China) – 10

Keppel DC REIT

Q1 – Mar15

1.940

$1.050

6.131%

$0.870

26.70%

Data Centres – 8

CDL Htrust

Q1 – Mar15

2.440

$1.630

6.067%

$1.615

32.30%

Hotels : Singapore (75.1%) + Australia (9.6%) + NZ (4.4%) + Maldives (8.1%) + Japan (2.8%) by Valuation

First REIT

Q1 – Mar15

2.060

$1.390

6.007%

$1.019

33.10%

Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

Fortune Reit HKD

Q1 – Mar15

11.630

$7.780

5.979%

$11.870

33.20%

Retail (HK) – 17

Keppel Reit

Q1 – Mar15

1.700

$1.145

5.939%

$1.390

42.40%

Offices : Singapore (4) + Australia (5)

Ascendas Reit

2H – Mar15

7.300

$2.460

5.935%

$2.080

33.50%

Industrial : Singapore (104) + China (2)

StarhillGbl Reit

Q5 – Mar15

1.260

$0.880

5.807%

$0.930

28.70%

Retail (86.4%) + Office (13.6%) ; Singapore (67.8%) + Malaysia (15.1%) + Australia (9.9%) + China (4.9%) + Japan (2.3%) by Revenue

Frasers Cpt Tr

Q2 – Mar15

2.963

$2.060

5.592%

$1.860

28.60%

Retail (6) + 31.17% of Hektar (MREIT)

ParkwayLife Reit

Q1 – Mar15

3.210

$2.300

5.583%

$1.680

34.40%

Hospitals + Nursing Homes = 47 : Singapore 62% + Japan 37% by Revenue

Far East HTrust

Q1 – Mar15

1.070

$0.775

5.523%

$0.968

31.50%

Hotels (64%) + Serviced Apts (14.5%) + Commercial (21.5%) by Revenue

Mapletree Com Tr

Q4 – Mar15

2.000

$1.465

5.461%

$1.240

36.40%

Retail + Office

Ascott Reit

Q1 – Mar15

1.760

$1.290

5.457%

$1.360

38.70%

Serviced Apts (90) : AsiaPacific (68.8%) + Europe (31.2%) by Valuation

CapitaCom Trust

Q1 – Mar15

2.120

$1.560

5.436%

$1.700

29.90%

Office (67%) + Retail (20%) + Hotel (13%) by Gross Rental Income

SPHREIT

Q2 – Feb15

1.400

$1.045

5.359%

$0.930

26.00%

Retail (2)

Suntec Reit

Q1 – Mar15

2.230

$1.725

5.243%

$2.085

34.80%

Retail + Office

CapitaMall Trust

Q1 – Mar15

2.680

$2.150

5.056%

$1.800

33.80%

Retail (16) + Office

NOTES :

  • Mkt Price is as on 30-Jun-15
  • Saizen : DPU Not Paid as Semi-Annual Payout Policy ; DPU Based on Hedged Rate of Y81.9 : S$1 ; For next DPU Payout on 2H15 (Jun-15), DPU Hedged @ Y85.6 & Y87 for 1H16 (Mar-16)
  • FortuneREIT : DPU Not Paid as Semi-Annual Payout Policy
  • IREIT : DPU Not Paid as Semi-Annual Payout Policy ; For FY15, DPU Hedged @ €1 : S$1.55
  • OUE C-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • FHT : DPU = Actual Payout 3.69ct (14-Jul-14 to 31-Mar-15) as 0.65ct fm Japan Assets will Only be Rx in May/Jun and to be Paid out in Sep Q
  • CDL H-Trust : Annualised DPU = 9.89ct ; DPU Not Paid as Semi-Annual Payout Policy
  • StarHill Global : Annualised DPU = 5.11ct
  • PLife : Annualised DPU = 12.84ct ; Includes Divestment Gain = 0.37ct (1st of 4 Tranches)
  • CRCT : : Annualised DPU = 10.71ct ; DPU Not Paid as Semi-Annual Payout Policy
  • AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
  • FCOT : Annualised DPU = 9.65ct
  • Suntec : Annualised DPU = 9.044ct
  • VIT : Annualised DPU = 7.584ct
  • FCT : Above Yield is Computed using last 4Qs DPU = 11.52ct ie 2.75ct (Dec14) + 2.785ct (Sep14) + 3.022ct (Jun14) + 2.963ct (Mar15)
  • CLT : Annualised DPU = 8.703ct
  • CCT : DPU Not Paid as Semi-Annual Payout Policy
  • Cambridge : Annualised DPU = 4.968ct
  • CMT : Annualised DPU = 10.87ct
  • Sabana : Annualised DPU = 7.22ct
  • FirstREIT : Annualised DPU = 8.35ct
  • Keppel DC REIT : DPU Not Paid as Semi-Annual Payout Policy ; For the Period 12-Dec-14 to 31-Mar-15
  • Keppel DC REIT : IPO Prospectus ; DPU : FY15 = 6.36ct ; FY16 = 6.65ct ; Gearing = 27.8% ; NAV = $0.87 ; Listing on 11-Dec-14 2pm @ $0.88
  • IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
  • A-REIT : DPU Semi-Annual Payout Policy fm FY15(Mar)
  • FHT : IPO Prospectus ; DPU : FY14 (1-Apr-14 to 30-Sep-14) = 3.04ct / 2.86ct if Exclude Top Up ; FY15 = 6.16ct (5.72ct if Exclude) ; Gearing = 41.7% ; NAV = $0.83 ; Listing on 14-Jul-14 2pm @ $0.88
  • 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 @ $0.88
  • 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 @ $0.78
  • 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 @ $0.78
  • 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 @ $0.78
  • 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 @ $0.93

    
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q1 – Mar15

0

$0.174

0.000%

$0.410

Shipping Trust

RickmersMaritime

Q1 – Mar15

0.6

$0.260

12.413%

$0.590

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3447:US$1 fm Yahoo Finance)
  • Rickmers : 26% 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

Kep Infra Tr fka CIT

FY14 – Proforma

3.73

$0.545

6.844%

$0.340

Infrastructure

Ascendas-iTrust

2H – Mar15

2.46

$0.895

5.497%

$0.680

India – Industrial Park

Indiabulls Trust

2H – Mar15

0.0138

$0.084

0.332%

$0.352

India – Office

HPH Trust USD

2H – Dec14

22.3

$0.630

8.395%

HK$4.90

Ports – HK + China

Religare Htrust

2H – Mar15

3.71

$1.020

7.275%

$0.968

India – Healthcare

Croesus Rtrust

Q3 – Mar15

1.90

$0.935

8.246%

Y72.87

Japan – Retail (7)

Asian Pay TV Tr

Q1 – Mar15

2.00

$0.850

9.706%

$0.900

Taiwan PayTV

Accordia Golf Tr

2H – Mar15

5.71

$0.690

12.430%

$0.870

Japan Golf Courses – 89

NOTES :

  • Indiabulls : Yield Computed Using 0.0138ct (2H15) + 0.0141ct (1H15)
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia : Above DPU for the Period 1-Aug-14 to 31-Mar-15 ; Includes Non-Recurring Cash Flows
  • CroesusRT : Exchange Rate Y100 = S$1.1014 ; Annualised DPU = 7.71ct ; No DPU Payout as Semi-Annual Payout Policy
  • APTT : Above Yield uses DPU = 8.25ct as FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • a-iTrust : Above DPU is based on 90% Payoutt
  • HPH Trust : No DPU Paid as Semi-Annual Payout Policy
  • KIT : No DPU Paid as Semi-Annual Payout Policy
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7522:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun14) = HK18.7ct + 2H (Dec14) = HK22.3ct
  • Accordia Golf Trust : IPO Prospectus ; DPU : FY15 (1-Aug-14 to 31-Mar-15) = 6.2ct / Annualised = 6.8ct (Excl. Non-Recurring) – Used in Above Yield Computation or 8.8ct (Incl Non-Recurring) ; Gearing & NAV Computed Using IPO Prospectus Figures ; Listing on 1-Aug-14 2pm @ $0.97
  • Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
  • Forterra : Delisted on 13-Feb-15 9AM
  • PCRT : Delisted on 5-Feb-15 9AM
  • 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
  • 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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