November 2017
Results Announcement
- 1 Nov 17 : OUE H-Trust
- 2 Nov 17 (AM) : FLT
- 2 Nov 17 (AM) : FE-HTrust
- 2 Nov 17 : LMIR
- 2 Nov 17 : OUE C-REIT
- 3 Nov 17 (AM) : Manulife
- 6 Nov 17 : A-HTrust
- 7 Nov 17 : BHG
- 8 Nov 17 : EC World
- 8 Nov 17 : FSL
- 9 Nov 17 (AM) : PLife
- 9 Nov 17 : IREIT Global
- 9 Nov 17 : Netlink
- 10 Nov 17 : Daisin
- 13 Nov 17 (AM) : APTT
- 13 Nov 17 : Accordia
- 14 Nov 17 : RHT
- 15 Nov 17 : Indiabulls
REITs : Average Yield = 6.335% (Excludes Saizen)
| REIT |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Gearing |
Assets Type |
| Lippo Malls Tr |
Q3 – Sep17 |
$0.410 |
0.8600 |
8.390% |
$0.354 |
28.70% |
Retail (Indonesia) – 21 |
| SoilbuildBizREIT |
Q3 – Sep17 |
$0.660 |
1.3740 |
8.327% |
$0.710 |
37.90% |
Industrial (12) : Business Park 34% + Industrial 66% by NPI |
| Viva Ind Tr |
Q3 – Sep17 |
$0.940 |
1.9000 |
8.019% |
$0.788 |
39.60% |
Industrial (9) : Biz Park (51.8%) + Light Industrial (21.1%) + Logistics (16.6%) + Hotel (10.5%) by NPI |
| AIMSAMP Cap Reit |
Q2 – Sep17 |
$1.350 |
2.5500 |
7.852% |
$1.364 |
37.30% |
Industrial (27) : Singapore + Australia |
| BHG Retail Reit |
Q3 – Sep17 |
$0.730 |
1.4100 |
7.726% |
$0.830 |
32.50% |
Retail (China) – 5 |
| Sabana REIT |
Q3 – Sep17 |
$0.410 |
0.7900 |
7.634% |
$0.560 |
36.00% |
Industrial (20) |
| IREIT Global |
Q3 – Sep17 |
$0.750 |
1.4200 |
7.573% |
$0.666 |
41.70% |
Offices : Germany (5) |
| EC World Reit |
Q3 – Sep17 |
$0.770 |
1.4400 |
7.481% |
$0.890 |
29.20% |
Port, Warehouse & e-Commerce Infrastructure in China |
| Cache Log Trust |
Q3 – Sep17 |
$0.850 |
1.5410 |
7.193% |
$0.769 |
43.60% |
Industrial (19) : Singapore (82%) + Australia (17%) + China (1%) by Gross Revenue |
| ManulifeREIT USD |
Q3 – Sep17 |
$0.900 |
1.6000 |
7.111% |
$0.840 |
33.10% |
Offices : USA (4) |
| Ascendas-hTrust |
1H – Sep17 |
$0.830 |
2.7300 |
6.916% |
$0.890 |
32.60% |
Hotels (11) : Australia (52%) + Japan (26%) + Singapore (13%) + China (10%) by NPI |
| ESR-REIT |
Q3 – Sep17 |
$0.560 |
0.9640 |
6.886% |
$0.632 |
36.70% |
Industrial (48) |
| OUE Com Reit |
Q3 – Sep17 |
$0.700 |
1.1500 |
6.729% |
$0.850 |
36.90% |
Office (86%) + Retail (14%) by NPI ; Singapore (79%) + China (21%) by Revenue |
| Frasers Com Tr |
Q4 – Sep17 |
$1.450 |
2.4070 |
6.640% |
$1.580 |
34.70% |
Singapore (54.4%) + Australia (45.6%) by NPI |
| FHT |
2H – Sep17 |
$0.770 |
2.5137 |
6.529% |
$0.816 |
32.10% |
Hotel (9) + Serviced Apt (6) : Australia (38%) + Singapore (22%) + UK (18%) + Japan (9%) + Malaysia (7%) + Germany (6%) by NPI |
| Frasers L&I Tr |
2H – Sep17 |
$1.080 |
3.5200 |
6.519% |
$0.940 |
29.30% |
Industrial (Australia) – 61 |
| OUE Htrust |
Q3 – Sep17 |
$0.810 |
1.3600 |
6.457% |
$0.760 |
38.10% |
Hotel (78%) + Retail (22%) by NPI |
| Mapletree GCC Tr |
1H – Sep17 |
$1.180 |
3.7140 |
6.309% |
$1.246 |
38.50% |
Retail + Office : HK (69.3%) + China (30.7%) by NPI ; Retail (61.4%) + Office (36.6%) by NPI |
| StarhillGbl Reit |
Q1 – Sep17 |
$0.760 |
1.2000 |
6.263% |
$0.910 |
35.40% |
Retail + Office : Singapore (61.1%) + Australia (23.7%) + Malaysia (11.4%) + Others (2.9%) by Revenue |
| First REIT |
Q3 – Sep17 |
$1.380 |
2.1400 |
6.217% |
$1.006 |
32.60% |
Hospitals (14 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
| CapitaR China Tr |
Q3 – Sep17 |
$1.640 |
2.3700 |
6.159% |
$1.610 |
35.40% |
Retail (China) – 10 |
| Mapletree Ind Tr |
Q2 – Sep17 |
$1.970 |
3.0000 |
6.091% |
$1.410 |
30.00% |
Industrial (85) |
| Ascendas Reit |
1H – Sep17 |
$2.640 |
8.1080 |
6.043% |
$2.130 |
33.10% |
Industrial (131) : Singapore (85%) + Australia (15%) by Valuation |
| Ascott Reit |
Q3 – Sep17 |
$1.190 |
1.6900 |
5.956% |
$1.220 |
31.90% |
Serviced Apts (74) : Asia Pacific (59.6%) + Europe (27.9%) + US (12.5%) by Assets |
| Mapletree Log Tr |
Q2 – Sep17 |
$1.270 |
1.8870 |
5.943% |
$1.030 |
33.70% |
Industrial (124) |
| CDL Htrust |
Q3 – Sep17 |
$1.650 |
2.2900 |
5.758% |
$1.475 |
33.30% |
Hotels : Singapore (57.2%) + NZ (13.1%) + Australia (9.8%) + UK (7.5%) + Maldives (6.7%) + Japan (3.3%) by NPI |
| Mapletree Com Tr |
Q2 – Sep17 |
$1.600 |
2.2400 |
5.631% |
$1.370 |
36.40% |
Retail + Office |
| Far East HTrust |
Q3 – Sep17 |
$0.720 |
1.0300 |
5.625% |
$0.894 |
32.10% |
Hotels 8 (65.8%) + Commercial (20.3%) + Serviced Apts 4 (13.9%) by Revenue |
| Fortune Reit HKD |
1H – Jun17 |
$9.320 |
25.5300 |
5.479% |
$13.390 |
28.40% |
Retail (HK) – 17 |
| CapitaMall Trust |
Q3 – Sep17 |
$2.050 |
2.7800 |
5.434% |
$1.920 |
34.70% |
Retail (16) + Office |
| Frasers Cpt Tr |
Q4 – Sep17 |
$2.220 |
2.9700 |
5.360% |
$2.020 |
29.00% |
Retail (6) + 31.17% of Hektar (MREIT) |
| SPHREIT |
Q4 – Aug17 |
$1.050 |
1.4200 |
5.267% |
$0.950 |
25.40% |
Retail (2) |
| Keppel DC REIT |
Q3 – Sep17 |
$1.420 |
1.7400 |
4.901% |
$0.960 |
32.10% |
Data Centres – 12 + 1 (Under Devt) |
| Suntec Reit |
Q3 – Sep17 |
$2.040 |
2.4830 |
4.900% |
$2.090 |
36.80% |
Office (68%) + Retail (26%) + Convention (6%) by Income |
| Keppel Reit |
Q3 – Sep17 |
$1.260 |
1.4000 |
4.444% |
$1.410 |
38.80% |
Office (8) : Singapore (87%) + Australia (13%) by Asset Value |
| ParkwayLife Reit |
Q3 – Sep17 |
$2.900 |
3.3700 |
4.345% |
$1.680 |
37.30% |
Hospitals + Nursing Homes = 49 : Singapore 61% + Japan 39% by Gross Revenue |
| CapitaCom Trust |
Q3 – Sep17 |
$1.890 |
2.020 |
4.275% |
$1.820 |
36.00% |
Office (72%) + Retail (17%) + Hotel (11%) by Gross Rental Income |
NOTES :
- Mkt Price is as on 30-Nov-17
- IREIT : DPU Not Paid as Semi-Annual Payout Policy
- PLife : Above Yield is Computed Using Recurring DPU = 3.15ct ie Excl. 0.22ct Divestment Gain (3rd of 4 Tranches)
- BHG REIT : DPU Not Paid as Semi-Annual Payout Policy
- A-HTrust : Above Yield is Computed Using latest 4Qs DPU = 5.74ct = 2.73ct (1H18) + 3.01ct (2H17)
- Manulife REIT : DPU Not Paid as Semi-Annual Payout Policy
- OUE C-REIT : Above Yield is Computed using last 4Qs DPU : 4.71ct = 1.15ct (Q317) + 2.38ct (1H17) + 1.18ct (Q416) ; DPU Not Paid as Semi-Annual Payout Policy
- FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.05ct = 1.12ct (Dec16) + 1.03ct (Sep17) + 0.97ct (Jun17) + 0.93ct (Mar17)
- FLT : Above Yield Uses 2H DPU = 3.52ct = 1.68ct (6-Jul-17 to 30-Sep-17) + Advanced DPU 1.84ct (1-Apr-17 to 5-Jul-17)
- OUE-HTrust : Above Yield is Computed using last 4Qs DPU : 5.23ct = 1.36ct (Dec16) + 1.36ct (Sep17) + 1.21ct (Jun17) + 1.30ct (Mar17)
- A-REIT : Above Yield is Computed Using latest 4Qs DPU = 15.953ct = 4.049ct (Q118) + 3.993ct (Q317) + 3.852ct (Q417) + 4.059ct (Q218)
- Suntec : Above Yield is Computed Using latest 4Qs DPU = 9.997ct = 2.596ct (Q416) + 2.483ct (Q317) + 2.493ct (Q217) + 2.425ct (Q117)
- YTL StarHill : Annualised DPU = 4.76ct
- VIT : Annualised DPU = 7.538ct
- CDL H-Trust : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield is Computed using last 4Qs DPU : 9.5ct = 2.29ct (Q317) + 4.1ct (1H17) + 3.11ct (Q416)
- AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 10.6ct = 2.77ct (Dec16) + 2.55ct (Sep17) + 2.5ct (Jun17) + 2.78ct (Mar17)
- MCT : Above Yield is Computed using last 4Qs DPU : 9.01ct = 2.28ct (Dec16) + 2.24ct (Sep17) + 2.23ct (Jun17) + 2.26ct (Mar17)
- FCT : Above Yield is Computed using last 4Qs DPU : 11.9ct = 2.89ct (Dec16) + 2.97ct (Sep17) + 3.00ct (Jun17) + 3.040ct (Mar17) ; Jun16 DPU Incl. $2.1M Retained in Prior Qs
- CLT : Annualised DPU = 6.114ct ; 18-for-100 Rights @ $0.632 on 9-Oct-17 Entitled to Accrued DPU
- AscottREIT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield Uses Latest 4Qs DPU = 2.042ct (Q416) + 3.356ct (1H17) + 1.69ct (Q317) = 7.088ct
- Sabana : Annualised DPU = 3.13ct
- FirstREIT : Annualised DPU = 8.58ct
- MLT : Advanced DPU = 1.706ct (1-Jul-17 to 21-Sep-17) + 0.181ct (22-Sep-17 to 30-Sep-17) to be paid with Q3 DPU
- CRCT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield Uses Latest 4Qs DPU = 2.37ct (Q416) + 5.36ct (1H17) + 2.37ct (Q317) = 10.10ct
- CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar17) + 2.88ct (Dec16) + 2.78ct (Sep17) + 2.75ct (Jun17) = 11.14ct
- MGCCT : Above Yield is Computed Using latest 4Qs DPU : 7.445ct = 3.714ct (1H18) + 3.731ct (2H17)
- CCT : DPU Not Paid as Semi-Annual Payout Policy
- ESR REIT : Annualised DPU = 3.856ct
- SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.34ct (Nov16) + 1.42ct (Aug17) + 1.37ct (May17) + 1.40ct (Feb17) =5.53ct
- IREIT Global : DPU 100% Hedged @ €1 : S$1.55 for FY17 ; 80% Hedged @ €1 : S$1.63 for FY18
- MLT : Includes 0.06ct Divestment Gain for 8 Qs & 0.2ct for 4Qs from Sep-15 ie DPU = 1.79ct (Jun-16) if Excl Divestment Gains
- EC World : IPO Prospectus : DPU FY16 = 3.34ct (1-Jun-16 to 31-Dec-16) ; FY17 5.94ct ; Gearing 28.9% ; NAV $0.88 ; Listing on 28-Jul-16 2pm @ $0.81
- Frasers Industrial & Logistics Trust : IPO Prospectus ; DPU : FY16 = 2.03ct (1-Jun-16 to 30-Sep-16) ; FY17 = 6.25ct ; Listing on 21-Jun-16 9AM @ $0.89 ; NAV Using Current Exchange Rate A$1 : S$1.0436 fm Yahoo Finance
- Manulife REIT : IPO Prospectus ; DPU : FY16 = US3.65ct (1-May-16 to 31-Dec-16) @ 1.3592 Exchange Rate; FY17 = US5.87ct @ 1.3658 ; Gearing = 36.8% ; NAV = US$0.79 ; Listing on 20-May-16 2pm @ US$0.83
- BHG REIT : IPO Prospectus ; DPU : FY15 = 0.76ct (1-Nov-15 to 31-Dec-15) / 0.53ct if exclude sponsor waiver ; FY16 = 5.08ct / 3.56ct if exclude sponsor waiver ; Gearing = 33.5% ; NAV = $0.826 ; Listing on 11-Dec-15 2pm @ $0.80
- OUE H-Trust : Rights Circular dated 15-Mar-16 ; 33-for-100 Rights Issue @ $0.54 (TERP = $0.7092 @ $0.765) ; Proforma FY15 DPU = 4.89cts <- 5.84ct ; NAV = $0.81 <- $0.90 ; Gearing = 37.8% <- 42%
- 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
Shipping Trusts (non-REITs)
|
Trust |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Assets Type |
| FSL Trust |
Q2 – Jun17 |
$0.080 |
0.00 |
0.000% |
$0.390 |
Shipping Trust |
NOTES :
- All in US$ except for FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3603 : US$1 fm Yahoo Finance)
- Rickmers : Delisted on 27-Jul-17 9am
- FSL : 30-Jun-12 : Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13
Other Trusts (non-REITs)
| Trust |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Assets Type |
| Kep Infra Tr |
Q2 – Jun17 |
$0.570 |
0.930 |
6.526% |
$0.307 |
Infrastructure |
| Ascendas-iTrust |
1H – Sep17 |
$1.130 |
2.810 |
4.973% |
$0.790 |
India – Industrial Park (7) |
| Indiabulls Trust |
2H – Mar17 |
$0.255 |
0.000 |
0.250% |
$1.273 |
India – Office |
| HPH Trust USD |
1H – Jun17 |
$0.420 |
9.500 |
7.968% |
HK$4.53 |
Ports – HK (38%) + China (62%) by Revenue |
| RHT HealthTrust |
2H – Jun17 |
$0.820 |
2.370 |
5.551% |
$0.845 |
India – Healthcare (18) |
| Asian Pay TV Tr |
Q3 – Sep17 |
$0.600 |
1.625 |
10.833% |
$0.830 |
Taiwan PayTV |
| Accordia Golf Tr |
1H – Sep17 |
$0.690 |
1.650 |
7.594% |
$0.900 |
Japan Golf Courses – 89 |
| Dasin Retail Tr |
Q3 – Sep17 |
$0.830 |
2.230 |
10.747% |
$1.510 |
China – Retail (4) |
| NetLink NBN Tr |
FY18 – IPO |
$0.820 |
2.930 |
5.367% |
$0.800 |
Fibre Network Infrastructure |
NOTES :
- CroesusRT : Delisted on 26-Oct-17
- RHT : DPU Not Paid as Semi-Annual Payout Policy
- Dasin : DPU Not Paid as Semi-Annual Payout Policy
- Accordia : Above Yield Computed Using DPU = 5.24ct = 3.59ct (2H17 – Mar17) + 1.65ct (1H18 – Sep17) ;
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7995 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun17) = HK9.5ct + 2H (Dec16) = HK16.6ct
- APTT : Above Yield uses DPU = 6.5ct as FY17 Guidance = 6.5ct ie 1.625ct / Q
- Daisin : IPO Prospectus : DPU FY17 = 6.8ct (3.07ct if Exclude Waiver) ; FY18 = 7.2ct (3.78ct if Exclude Waiver) ; NAV RMB4.918 ; Gearing 27.3% Listing on 20-Jan-17 2pm @ $0.80
- Religare : FY17 DPU Payout Reduced to 95% from current 100% ; Special DPU = 24.8ct on 28-Oct-16 fm Disposal of 51% in FHTL
- Indiabulls : Halted from 23-Jun-16 as Free Float is Only 3% ; Yield Computed Using 0ct (2H16) + 0.0638ct (1H16)
- Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
- KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
- Indiabulls : Maiden DPU on 1H (Sep12) Declared since Listing on 11-Jun-08
Comments are Closed