January 2018

 

Results Announcement

  • 5 Jan 18 : SPHREIT
  • 17 Jan 18 (AM) : ESR REIT
  • 17 Jan 18 : FirstREIT
  • 17 Jan 18 : SB REIT
  • 18 Jan 18 : CLT
  • 22 Jan 18 : FCOT
  • 22 Jan 18 : MLT
  • 22 Jan 18 : Keppel DC
  • 22 Jan 18 : KIT
  • 23 Jan 18 : Keppel REIT
  • 23 Jan 18 : FCT
  • 23 Jan 18 : MIT
  • 23 Jan 18 : Fortune
  • 24 Jan 18 (AM) : CMT
  • 24 Jan 18 (AM) : Suntec
  • 24 Jan 18 : MCT
  • 24 Jan 18 : FHT
  • 25 Jan 18 (AM) : CCT
  • 25 Jan 18 : A-REIT
  • 25 Jan 18 : MGCCT
  • 25 Jan 18 : Sabana
  • 25 Jan 18 : FLT
  • 26 Jan 18 (AM) : VIT
  • 26 Jan 18 (AM) : PLife
  • 26 Jan 18 (AM) : AscottREIT
  • 26 Jan 18 (AM) : CDL H-Trust
  • 29 Jan 18 : YTL Starhill
  • 30 Jan 18 : OUE H-Trust
  • 31 Jan 18 (AM) : CRCT
  • 31 Jan 18 : OUE C-REIT

 

 

REITs : Average Yield = 6.144% (Excludes Saizen)

REIT

Period

Mkt

DPU cts

Yield

NAV

Gearing

Assets Type

SoilbuildBizREIT

Q4 – Dec17

$0.675

1.3830

8.196%

$0.640

40.60%

Industrial (12) : Business Park 34% + Industrial 66% by NPI

Lippo Malls Tr

Q3 – Sep17

$0.420

0.8600

8.190%

$0.354

28.70%

Retail (Indonesia) – 21

Sabana REIT

Q4 – Dec17

$0.405

0.8300

8.123%

$0.530

38.20%

Industrial (20)

CromwellReit EUR

FY18 – IPO

$0.550

4.3000

7.818%

$0.530

36.80%

Offices + Industrial : Europe (74)

AIMSAMP Cap Reit

Q2 – Sep17

$1.370

2.5500

7.737%

$1.364

37.30%

Industrial (27) : Singapore + Australia

Viva Ind Tr

Q4 – Dec17

$0.965

1.8570

7.634%

$0.765

39.80%

Industrial (9) : Biz Park (52.2%) + Light Industrial (20.6%) + Logistics (16.6%) + Hotel (10.6%) by NPI

Cache Log Trust

Q4 – Dec17

$0.865

1.5970

7.385%

$0.716

36.30%

Industrial (19) : Singapore (83%) + Australia (16%) + China (1%) by Gross Revenue

EC World Reit

Q3 – Sep17

$0.785

1.4400

7.338%

$0.890

29.20%

Port, Warehouse & e-Commerce Infrastructure in China

BHG Retail Reit

Q3 – Sep17

$0.770

1.4100

7.325%

$0.830

32.50%

Retail (China) – 5

IREIT Global

Q3 – Sep17

$0.810

1.4200

7.012%

$0.666

41.70%

Offices : Germany (5)

ManulifeREIT USD

Q3 – Sep17

$0.980

1.6000

6.531%

$0.840

33.10%

Offices : USA (4)

Kep-KBS Reit USD

FY18 – IPO

$0.915

5.9700

6.525%

$0.840

36.00%

Offices : USA (11)

Frasers Com Tr

Q1 – Dec17

$1.460

2.4000

6.521%

$1.550

34.80%

Singapore (50.2%) + Australia (49.8%) by NPI

FHT

Q1 – Dec17

$0.810

1.3107

6.473%

$0.787

33.00%

Hotel (9) + Serviced Apt (6) : Australia (40%) + Singapore (21%) + UK (13%) + Japan (15%) + Malaysia (6%) + Germany (5%) by NPI

Ascendas-hTrust

1H – Sep17

$0.900

2.7300

6.378%

$0.890

32.60%

Hotels (11) : Australia (52%) + Japan (26%) + Singapore (13%) + China (10%) by NPI

Frasers L&I Tr

Q1 – Dec17

$1.140

1.8000

6.316%

$0.910

30.90%

Industrial (Australia) – 61

ESR-REIT

Q4 – Dec17

$0.590

0.9290

6.298%

$0.593

39.60%

Industrial (48)

OUE Com Reit

2H – Dec17

$0.750

2.2900

6.227%

$0.910

37.30%

Office (84.3%) + Retail (15.7%) by NPI ; Singapore (79.2%) + China (20.8%) by Revenue

First REIT

Q4 – Dec17

$1.410

2.1500

6.078%

$1.015

33.60%

Hospitals (15 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

StarhillGbl Reit

Q2 – Dec17

$0.770

1.1700

6.026%

$0.910

35.30%

Retail (88.7%) + Office (11.3%) : Singapore (62.5%) + Australia (22.1%) + Malaysia (13.2%) + Others (2.2%) by Revenue

Mapletree GCC Tr

Q3 – Dec17

$1.260

1.8680

5.980%

$1.228

39.30%

Retail + Office : HK (68.8%) + China (31.2%) by NPI ; Retail (61.4%) + Office (37.1%) by NPI

CapitaR China Tr

2H – Dec17

$1.690

4.7400

5.976%

$1.590

28.40%

Retail (China) – 10

Ascendas Reit

Q3 – Dec17

$2.760

3.9700

5.772%

$2.030

35.20%

Industrial (132) : Singapore (84%) + Australia (16%) by Valuation

OUE Htrust

Q4 – Dec17

$0.895

1.2700

5.743%

$0.760

38.80%

Hotel (79%) + Retail (21%) by NPI

Ascott Reit

2H – Dec17

$1.260

3.7300

5.624%

$1.210

36.20%

Serviced Apts (75) : Asia Pacific (62.3%) + Europe (26.1%) + US (11.6%) by Assets

Mapletree Log Tr

Q3 – Dec17

$1.370

1.9070

5.568%

$1.050

37.80%

Industrial (124)

Mapletree Ind Tr

Q3 – Dec17

$2.120

2.8800

5.434%

$1.420

33.80%

Industrial (85) + US Data Centres (14)

Mapletree Com Tr

Q3 – Dec17

$1.690

2.3000

5.343%

$1.370

36.30%

Retail + Office

CapitaMall Trust

Q4 – Dec17

$2.100

2.9000

5.314%

$1.920

34.20%

Retail (16) + Office

Far East HTrust

Q3 – Sep17

$0.765

1.0300

5.294%

$0.894

32.10%

Hotels 8 (65.8%) + Commercial (20.3%) + Serviced Apts 4 (13.9%) by Revenue

Frasers Cpt Tr

Q1 – Dec17

$2.270

3.0000

5.291%

$2.020

29.40%

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

SPHREIT

Q1 – Nov17

$1.050

1.3400

5.267%

$0.940

25.40%

Retail (2)

Fortune Reit HKD

2H – Dec17

$9.900

25.2500

5.101%

$14.050

27.40%

Retail (HK) – 17

CDL Htrust

2H – Dec17

$1.820

5.1200

5.066%

$1.530

32.60%

Hotels : Singapore (55.7%) + NZ (12.2%) + Australia (87%) + UK (10.1%) + Maldives (5.2%) + Japan (2.4%) + Germany (5.7%)by NPI

Keppel DC REIT

2H – Dec17

$1.430

3.4900

4.881%

$0.930

32.10%

Data Centres – 13 + 1 (Under Devt)

Suntec Reit

Q4 – Dec17

$2.070

2.6040

4.833%

$2.093

36.40%

Office (68%) + Retail (27%) + Convention (5%) by Income

Keppel Reit

Q4 – Dec17

$1.290

1.4300

4.434%

$1.400

38.70%

Office (8) : Singapore (81.2%) + Australia (18.8%) by Income

CapitaCom Trust

2H – Dec17

$1.870

4.1000

4.385%

$1.740

37.30%

Office (74%) + Retail (15%) + Hotel (11%) by Gross Rental Income

ParkwayLife Reit

Q4 – Dec17

$3.020

3.380

4.172%

$1.730

36.40%

Hospitals + Nursing Homes = 49 : Singapore 61.2% + Japan 38.4% by Gross Revenue

NOTES :

  • Mkt Price is as on 31-Jan-18
  • OUE C-REIT : Above Yield is Computed using last 4Qs DPU : 4.67ct = 2.29ct (2h17) + 2.38ct (1H17)
  • CRCT : Above Yield Uses Latest 4Qs DPU = 4.74ct (2H17) + 5.36ct (1H17) = 10.10ct ; 2H17 DPU = 0.83ct (7-Dec-17 to 31-Dec-17) + 3.91ct (1-Oct-17 to 6-Dec-17) Advanced DPU Already Paid
  • OUE-HTrust : Above Yield is Computed using last 4Qs DPU : 5.14ct = 1.27ct (Dec17) + 1.36ct (Sep17) + 1.21ct (Jun17) + 1.30ct (Mar17)
  • YTL StarHill : Annualised DPU = 4.64ct
  • FLT : DPU Not Paid as Semi-Annual Payout Policy
  • CDL H-Trust : Above Yield is Computed using last 4Qs DPU : 9.22ct = 5.12ct (2H17) + 4.1ct (1H17)
  • VIT : Annualised DPU = 7.367ct
  • PLife : Above Yield is Computed Using Recurring DPU = 3.15ct ie Excl. 0.23ct Divestment Gain (4th of 4 Tranches)
  • AscottREIT : Above Yield Uses Latest 4Qs DPU = 3.356ct (1H17) + 3.73ct (2H17) = 7.086ct
  • Sabana : Annualised DPU = 3.29ct

    
 

Shipping Trusts (non-REITs)

Trust

Period

Mkt

DPU cts

Yield

NAV

Assets Type

FSL Trust

Q2 – Jun17

$0.093

0.00

0.000%

$0.390

Shipping Trust

NOTES :

     
 

Other Trusts (non-REITs)

Trust

Period

Mkt

DPU cts

Yield

NAV

Assets Type

Kep Infra Tr

Q4 – Dec17

$0.570

0.930

6.526%

$0.290

Infrastructure

Ascendas-iTrust

1H – Sep17

$1.140

2.810

4.930%

$0.790

India – Industrial Park (7)

HPH Trust USD

1H – Jun17

$0.415

9.500

8.064%

HK$4.53

Ports – HK (38%) + China (62%) by Revenue

RHT HealthTrust

2H – Jun17

$0.815

2.370

5.585%

$0.845

India – Healthcare (18)

Asian Pay TV Tr

Q3 – Sep17

$0.580

1.625

11.207%

$0.830

Taiwan PayTV

Accordia Golf Tr

1H – Sep17

$0.695

1.650

7.540%

$0.900

Japan Golf Courses – 89

Dasin Retail Tr

Q3 – Sep17

$0.855

2.230

10.433%

$1.510

China – Retail (4)

NetLink NBN Tr

FY18 – IPO

$0.830

2.930

5.302%

$0.800

Fibre Network Infrastructure

NOTES :

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