November 2015

Results Announcement

• 3 Nov 15 (AM) : FE-HTrust (Updated)
  
• 3 Nov 15 : FortuneREIT (Updated)
  
• 4 Nov 15 : Rickmers (Updated)
  
• 5 Nov 15 (AM) : PLife (Updated)
  
• 5 Nov 15 : Religare (Updated)
  
• 5 Nov 15 : FSL (Updated)
  
• 5 Nov 15 : LMIR (Updated)
  
• 6 Nov 15 (AM) : APTT (Updated)
  
• 11 Nov 15 (AM) : CRT (Updated)
  
• 11 Oct 15 : OUE C-REIT (Updated)
  
• 11 Nov 15 : Saizen (Updated)
  
• 12 Nov 15 : OUE H-Trust (Updated)
  
• 12 Nov 15 : Accordia (Updated)
  
• 13 Nov 15 : IREIT Global (Updated)
  

 REITs : Average Yield = 7.408%

NOTES :

• Mkt Price is as on 30-Nov-15
• IREIT : No DPU Paid as Semi-Annual Payout Policy ; DPU Hedged @ €1 : S$1.54
• OUE C-REIT : DPU = 1.47ct if Exclude Rights Shares issued on 4-Aug-15 which was only Utilised for Acquisition on 8-Oct-15 ; DPU Not Paid as Semi-Annual Payout Policy
• Saizen : DPU Not Paid as Semi-Annual Payout Policy
• PLife : Annualised DPU = 13.44ct ; Includes Divestment Gain = 0.37ct (3^rd of 4 Tranches)
• FortuneREIT : DPU Not Paid as Semi-Annual Payout Policy
• AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
• CDL H-Trust : Annualised DPU = 9.36ct ; DPU Not Paid as Semi-Annual Payout Policy
• FHT : DPU = 1.5745ct (6-Jul-15 to 30-Sep-15) + 0.09ct (1-Jul-15 to 5-Jul-15) Already Paid
• CCT : DPU Not Paid as Semi-Annual Payout Policy
• StarHill Global : Annualised DPU = 5.20ct
• VIT : Annualised DPU = 6.534ct
• FCOT : Annualised DPU = 9.43ct ; DPU = 1.6069ct (3-Aug-15 to 30-Sep-15) + 0.9112ct (1-Jul-15 to 2-Aug-15) Already Paid as Advanced DPU
• CRCT : : Annualised DPU = 10.47ct
• Suntec : Annualised DPU = 10.006ct
• A-REIT : Actual DPU Payout = 8.001ct = 7.73ct (Recurrent DPU) + 0.271ct (One-Off)
• CMT : Annualised DPU = 11.82ct
• Cambridge : Annualised DPU = 4.777ct
• FCT : Above Yield is Computed using last 4Qs DPU = 11.608ct ie 2.75ct (Dec14) + 2.859ct (Sep15) + 3.036ct (Jun15) + 2.963ct (Mar15)
• CLT : Annualised DPU = 8.49ct
• Sabana : Annualised DPU = 7.02ct
• Keppel DC REIT : DPU Not Paid as Semi-Annual Payout Policy
• FirstREIT : Annualised DPU = 8.3ct
  
• Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
• 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)

NOTES :

• All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4126 : US$1 (fm Yahoo Finance)
• Rickmers
  : DPU Suspended fm Q315
• FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13

Other Trusts (non-REITs)

NOTES :

• CroesusRT : Exchange Rate Y100 = S$1.1476(fm Yahoo Finance); Annualised DPU = 8.25ct ; 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)
• a-iTrust : Above DPU is based on 90% Payoutt
  
• HPH Trust : DPU Not Paid for Q3 as Semi-Annual Payout Policy ; DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7501 : US$1 (fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec14) = HK22.3ct
• Indiabulls : Yield Computed Using 0.069ct (2H15) + 0.0638ct (1H16)
• Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
• KIT : Proforma FY14 DPU = 3.73ct as per Circular dated 20-May-15
• KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
• 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
• 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