August 2015

 

SGX Announcements

  • 3 Aug 15 : Indiabulls (Updated)
  • 4 Aug 15 (AM) : APTT (Updated)
  • 4 Aug 15 : FSL (Updated)
  • 5 Aug 15 : LMIR (Updated)
  • 6 Aug 15 (AM) : FE-HTrust (Updated)
  • 6 Aug 15 : A-HTrust (Updated)
  • 6 Aug 15 : Religare (Updated)
  • 12 Aug 15 : Rickmers (Updated)
  • 12 Aug 15 : OUE C-REIT (Updated)
  • 13 Aug 15 : OUE H-Trust (Updated)
  • 13 Aug 15 : IREIT (Updated)
  • 20 Aug 15 : Saizen (Updated)
  • 26 Aug 15 (AM) : CRT (Updated)

 

 
 

REITs : Average Yield = 7.342%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Viva Ind Tr

Q2 – Jun15

1.849

$0.740

10.022%

$0.830

38.90%

Biz Park (70.4%) + Hotel (14.6%) + Light Industrial (12.1%) + Logistics (2.9%) by Valuation

IREIT Global

1H – Jun15

3.200

$0.675

9.481%

$0.759

31.20%

Offices : Germany

Sabana REIT

Q2 – Jun15

1.800

$0.775

9.316%

$1.040

37.90%

Industrial (23)

OUE COMMERCIAL REIT

1H – Jun15

2.900

$0.630

9.206%

$1.100

37.90%

Retail (11.4%) + Office (88.6%) by Revenue

Lippo Malls Tr

Q2 – Jun15

0.730

$0.330

8.848%

$0.390

35.00%

Retail (Indonesia) – 17

Cache Log Trust

Q2 – Jun15

2.140

$1.010

8.499%

$0.973

38.00%

Industrial : Singapore (12) + Shanghai (1) + Australia (3)

FHT

Q3 – Jun15

1.560

$0.745

8.376%

$0.843

38.80%

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

Ascendas-hTrust

Q1 – Jun15

1.280

$0.615

8.325%

$0.710

38.00%

Hotels (12) : Australia (54%) + Singapore (16%) + Japan (20%) + China (10%) by NPI

SoilbuildBizREIT

Q2 – Jun15

1.615

$0.790

8.177%

$0.790

36.30%

Business Park 34% + Industrial 66% by NPI

Cambridge Ind Tr

Q2 – Jun15

1.225

$0.615

7.989%

$0.676

37.20%

Industrial (51)

AIMSAMP Cap Reit

Q1 – Jun15

2.750

$1.400

7.857%

$1.520

31.20%

Industrial (26)

CapitaR China Tr

1H – Jun15

5.370

$1.410

7.681%

$1.650

27.70%

Retail (China) – 10

Mapletree Log Tr

Q1 – Jun15

1.850

$0.980

7.551%

$1.010

34.40%

Industrial (118)

Far East HTrust

Q2 – Jun15

1.160

$0.625

7.424%

$0.966

31.40%

Hotels (65.2%) + Serviced Apts (14.2%) + Commercial (20.6%) by Revenue

OUE Htrust

Q2 – Jun15

1.520

$0.830

7.325%

$0.900

42.10%

Hotel (74%) + Retail (26%) by NPI

Saizen REIT

2H – Jun15

2.930

$0.815

7.190%

$1.140

35.00%

Residential (Japan) – 136

CDL Htrust

1H – Jun15

4.690

$1.320

7.152%

$1.619

32.00%

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

Mapletree GCC Tr

Q1 – Jun15

1.696

$0.950

7.141%

$1.145

41.20%

Retail + Office (China + HK)

Mapletree Ind Tr

Q1 – Jun15

2.730

$1.535

7.114%

$1.320

30.00%

Industrial (84)

Keppel Reit

Q2 – Jun15

1.720

$0.980

7.020%

$1.380

42.60%

Offices : Singapore (4) + Australia (5)

Ascendas Reit

Q1 – Jun15

3.841

$2.230

6.890%

$2.050

34.70%

Industrial : Singapore (103) + China (2)

Frasers Com Tr

Q3 – Jun15

2.351

$1.390

6.784%

$1.540

37.30%

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

First REIT

Q2 – Jun15

2.070

$1.240

6.718%

$1.019

32.90%

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

StarhillGbl Reit

Q6 – Jun15

1.290

$0.770

6.714%

$0.900

35.50%

Retail (86.1%) + Office (13.9%) ; Singapore (65%) + Malaysia (13.5%) + Australia (16%) + China (3.5%) + Japan (2%) by Revenue

Suntec Reit

Q2 – Jun15

2.500

$1.530

6.554%

$2.076

35.30%

Retail + Office

CapitaCom Trust

1H – Jun15

4.310

$1.330

6.481%

$1.720

29.50%

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

Keppel DC REIT

1H – Jun15

3.560

$1.030

6.276%

$0.850

26.40%

Data Centres – 8

Fortune Reit HKD

1H – Jun15

23.380

$7.580

6.169%

$12.490

30.60%

Retail (HK) – 17

Ascott Reit

1H – Jun15

3.847

$1.250

6.155%

$1.370

35.80%

Serviced Apts (90) : AsiaPacific (68.7%) + Europe (31.3%) by Valuation

Mapletree Com Tr

Q1 – Jun15

2.010

$1.320

6.091%

$1.240

36.40%

Retail + Office

Frasers Cpt Tr

Q3 – Jun15

3.036

$1.945

5.930%

$1.850

28.70%

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

ParkwayLife Reit

Q2 – Jun15

3.350

$2.280

5.877%

$1.680

34.10%

Hospitals + Nursing Homes = 47 : Singapore 64.2% + Japan 35.8% by NPI

CapitaMall Trust

Q2 – Jun15

2.710

$1.920

5.661%

$1.810

33.70%

Retail (16) + Office

SPHREIT

Q3 – May15

1.350

$0.960

5.625%

$0.930

26.00%

Retail (2)

NOTES :

  • Mkt Price is as on 31-Aug-15
  • Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
  • IREIT Actual DPU Paid = 2.21ct as Rights Shares issued on 6-Aug-15 also qualifies for 1H DU Payout ; For FY15, DPU Hedged @ €1 : S$1.54
  • OUE C-REIT : Actual DPU Paid = 2ct as Rights Shares issued on 4-Aug-15 also qualifies for 1H DU Payout
  • A-HTrust : DPU Not Paid as Semi-Annual Payout Policy
  • MGCT : DPU Not Paid as Semi-Annual Payout Policy
  • FHT : DPU = Actual Payout 2.21ct as 0.65ct fm Japan Assets (14-Jul-14 to 31-Mar-15) will Only be Rx in May/Jun and to be Paid out in Sep Q ; DPU Not Paid as Semi-Annual Payout Policy
  • StarHill Global : Annualised DPU = 5.17ct
  • CDL H-Trust : Annualised DPU = 9.44ct
  • CRCT : : Annualised DPU = 10.83ct
  • PLife : Annualised DPU = 13.4ct ; Includes Divestment Gain = 0.37ct (2nd of 4 Tranches)
  • VIT : Annualised DPU = 7.416ct
  • Suntec : Annualised DPU = 10.027ct
  • Cambridge : Annualised DPU = 4.913ct
  • CMT : Annualised DPU = 10.87ct
  • FCT : Above Yield is Computed using last 4Qs DPU = 11.52ct ie 2.75ct (Dec14) + 2.785ct (Sep14) + 3.036ct (Jun15) + 2.963ct (Mar15)
  • A-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • FirstREIT : Annualised DPU = 8.33ct
  • CLT : Annualised DPU = 8.584ct
  • FCOT : Annualised DPU = 9.43ct
  • Sabana : Annualised DPU = 7.22ct
  • Keppel DC REIT : For the Period 12-Dec-14 to 30-Jun-15
  • SB REIT : DPU = Actual Payout = 0.987ct (5-May-15 to 30-Jun-15) ; Advanced DPU (Already Paid) = 0.628ct (1-Apr-15 to 4-May-15)
  • IREIT Global : Rights Circular ; 45-for-100 Rights Issue @ $0.468 (TERP = $0.7004 @ $0.805) ; Proforma FY14 DPU = €1.53cts (Same as Actual) ; NAV = €0.48 -> €0.41 ; Gearing 31.8% -> 43.7%
  • 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)

    
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q2 – Jun15

0

$0.157

0.000%

$0.430

Shipping Trust

RickmersMaritime

Q2 – Jun15

0.6

$0.220

15.412%

$0.560

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4128:US$1 fm Yahoo Finance)
  • Rickmers : 29% 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

FY14 – Proforma

3.73

$0.475

7.853%

$0.360

Infrastructure

Ascendas-iTrust

Q1 – Jun15

1.37

$0.885

6.192%

$0.640

India – Industrial Park

IndiabullsTrust

2H – Mar15

0.069

$0.225

0.620%

$1.692

India – Office

HPH Trust USD

1H – Jun15

15.7

$0.525

9.339%

HK$4.79

Ports – HK + China

Religare Htrust

Q1 – Jun15

1.94

$0.945

8.212%

$0.907

India – Healthcare

Croesus Rtrust

2H – Jun15

3.92

$0.895

8.760%

Y83.95

Japan – Retail (7)

Asian Pay TV Tr

Q2 – Jun15

2

$0.815

10.123%

$0.890

Taiwan PayTV

Accordia Golf Tr

2H – Mar15

5.71

$0.635

13.507%

$0.870

Japan Golf Courses – 89

NOTES :

  • CroesusRT : Exchange Rate Y100 = S$1.1643
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15 ; Above DPU & NAV had been Re-Adjusted accordingly
  • Religare : DPU Not Paid as Semi-Annual Payout Policy
  • APTT : Above Yield uses DPU = 8.25ct as FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • Indiabulls : Yield Computed Using 0.0138ct (2H15) + 0.0141ct (1H15) ; No DPU Payout for Q116 (Jun15) as Semi-Annual Payout Policy
  • KIT : DPU = 0.25ct (29-May-15 to 30-Jun-15) ; Above Yield Uses Proforma FY14 DPU = 3.73ct as per Circular dated 20-May-15
  • a-iTrust : Above DPU is based on 90% Payoutt ; DPU Not Paid as Semi-Annual Payout Policy
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7503 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec14) = HK22.3ct
  • 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
  • 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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