Category: Yield
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
October 2017
Results Announcement
- 9 Oct 17 : SPHREIT
- 13 Oct 17 : SB REIT
- 16 Oct 17 : Keppel DC
- 16 Oct 17 : KIT
- 17 Oct 17 : Keppel REIT
- 17 Oct 17 : ESR
- 19 Oct 17 : FCOT
- 20 Oct 17 (AM) : CCT
- 20 Oct 17 : MGCCT
- 20 Oct 17 : CMT
- 23 Oct 17 : CRCT
- 23 Oct 17 : MLT
- 23 Oct 17 : FirstREIT
- 23 Oct 17 : Sabana
- 24 Oct 17 (AM) : AscottREIT
- 24 Oct 17 : CLT
- 24 Oct 17 : MIT
- 25 Oct 17 (AM) : FCT
- 25 Oct 17 : MCT
- 25 Oct 17 : a-iTrust
- 26 Oct 17 (AM) : AIMSAMPReit
- 27 Oct 17 (AM) : CDL H-Trust
- 27 Oct 17 (AM) : VIT
- 27 Oct 17 : FHT
- 27 Oct 17 : Starhill
- 27 Oct 17 : Suntec
- 30 Oct 17 : A-REIT
- 30 Oct 17 : HPH Trust
- 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
REITs : Average Yield = 6.325%
| REIT |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Gearing |
Assets Type |
| SoilbuildBizREIT |
Q3 – Sep17 |
$0.660 |
1.3740 |
8.327% |
$0.710 |
37.90% |
Industrial (12) : Business Park 34% + Industrial 66% by NPI |
| Lippo Malls Tr |
Q2 – Jun17 |
$0.435 |
0.9000 |
8.276% |
$0.368 |
30.60% |
Retail (Indonesia) – 21 |
| EC World Reit |
Q2 – Jun17 |
$0.780 |
1.5400 |
7.897% |
$0.900 |
29.20% |
Port, Warehouse & e-Commerce Infrastructure in China |
| Viva Ind Tr |
Q3 – Sep17 |
$0.980 |
1.9000 |
7.692% |
$0.788 |
39.60% |
Industrial (9) : Biz Park (51.8%) + Light Industrial (21.1%) + Logistics (16.6%) + Hotel (10.5%) by NPI |
| IREIT Global |
1H – Jun17 |
$0.765 |
2.8900 |
7.556% |
$0.672 |
41.30% |
Offices : Germany (5) |
| Cache Log Trust |
Q3 – Sep17 |
$0.820 |
1.5410 |
7.456% |
$0.769 |
43.60% |
Industrial (19) : Singapore (82%) + Australia (17%) + China (1%) by Gross Revenue |
| BHG Retail Reit |
1H – Jun17 |
$0.740 |
2.7400 |
7.405% |
$0.830 |
32.40% |
Retail (China) – 5 |
| AIMSAMP Cap Reit |
Q2 – Sep17 |
$1.445 |
2.5500 |
7.336% |
$1.364 |
37.30% |
Industrial (27) : Singapore + Australia |
| ManulifeREIT USD |
1H – Jun17 |
$0.905 |
3.2300 |
7.138% |
$0.840 |
30.40% |
Offices : USA (3) |
| Frasers Com Tr |
Q4 – Sep17 |
$1.385 |
2.4070 |
6.952% |
$1.580 |
34.70% |
Singapore (54.4%) + Australia (45.6%) by NPI |
| ESR-REIT |
Q3 – Sep17 |
$0.555 |
0.9640 |
6.948% |
$0.632 |
36.70% |
Industrial (48) |
| Sabana REIT |
Q3 – Sep17 |
$0.460 |
0.7900 |
6.804% |
$0.560 |
36.00% |
Industrial (20) |
| OUE Com Reit |
1H – Jun17 |
$0.720 |
2.3800 |
6.778% |
$0.860 |
36.40% |
Office (83.1%) + Retail (16.9%) ; Singapore (80.4%) + China (19.6%) by Revenue |
| Ascendas-hTrust |
Q1 – Jun17 |
$0.875 |
1.3100 |
6.514% |
$0.890 |
32.70% |
Hotels (11) : Australia (48%) + Japan (27%) + Singapore (14%) + China (10%) by NPI |
| OUE Htrust |
Q2 – Jun17 |
$0.805 |
1.2100 |
6.460% |
$0.760 |
38.20% |
Hotel (78%) + Retail (22%) by NPI |
| FHT |
2H – Sep17 |
$0.785 |
2.5137 |
6.404% |
$0.816 |
32.10% |
Hotel (9) + Serviced Apt (6) : Australia (38%) + Singapore (22%) + UK (18%) + Japan (9%) + Malaysia (7%) + Germany (6%) by NPI |
| Mapletree GCC Tr |
1H – Sep17 |
$1.175 |
3.7140 |
6.336% |
$1.246 |
38.50% |
Retail + Office : HK (69.3%) + China (30.7%) by NPI ; Retail (61.4%) + Office (36.6%) by NPI |
| First REIT |
Q3 – Sep17 |
$1.385 |
2.1400 |
6.195% |
$1.006 |
32.60% |
Hospitals (14 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
| Mapletree Ind Tr |
Q2 – Sep17 |
$1.940 |
3.0000 |
6.186% |
$1.410 |
30.00% |
Industrial (85) |
| StarhillGbl Reit |
Q1 – Sep17 |
$0.770 |
1.2000 |
6.182% |
$0.910 |
35.40% |
Retail + Office : Singapore (61.1%) + Australia (23.7%) + Malaysia (11.4%) + Others (2.9%) by Revenue |
| CapitaR China Tr |
Q3 – Sep17 |
$1.660 |
2.3700 |
6.084% |
$1.610 |
35.40% |
Retail (China) – 10 |
| Frasers L&I Tr |
Q3 – Jun17 |
$1.115 |
1.7500 |
5.967% |
$0.920 |
29.30% |
Industrial (Australia) – 54 |
| Mapletree Log Tr |
Q2 – Sep17 |
$1.270 |
1.8870 |
5.943% |
$1.030 |
33.70% |
Industrial (124) |
| Ascott Reit |
Q3 – Sep17 |
$1.195 |
1.6900 |
5.931% |
$1.220 |
31.90% |
Serviced Apts (74) : Asia Pacific (59.6%) + Europe (27.9%) + US (12.5%) by Assets |
| Far East HTrust |
Q2 – Jun17 |
$0.700 |
0.9700 |
5.914% |
$0.897 |
32.80% |
Hotels (64.8%) + Commercial (22.3%) + Serviced Apts (12.9%) by Revenue |
| Ascendas Reit |
1H – Sep17 |
$2.740 |
8.1080 |
5.822% |
$2.130 |
33.10% |
Industrial (131) : Singapore (85%) + Australia (15%) by Valuation |
| CDL Htrust |
Q3 – Sep17 |
$1.635 |
2.2900 |
5.810% |
$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 |
$1.555 |
2.2400 |
5.794% |
$1.370 |
36.40% |
Retail + Office |
| SPHREIT |
Q4 – Aug17 |
$1.000 |
1.4200 |
5.530% |
$0.950 |
25.40% |
Retail (2) |
| CapitaMall Trust |
Q3 – Sep17 |
$2.020 |
2.7800 |
5.515% |
$1.920 |
34.70% |
Retail (16) + Office |
| Frasers Cpt Tr |
Q4 – Sep17 |
$2.170 |
2.9700 |
5.484% |
$2.020 |
29.00% |
Retail (6) + 31.17% of Hektar (MREIT) |
| Fortune Reit HKD |
1H – Jun17 |
$9.420 |
25.5300 |
5.420% |
$13.390 |
28.40% |
Retail (HK) – 17 |
| Suntec Reit |
Q3 – Sep17 |
$1.950 |
2.4830 |
5.127% |
$2.090 |
36.80% |
Office (68%) + Retail (26%) + Convention (6%) by Income |
| Keppel DC REIT |
Q3 – Sep17 |
$1.375 |
1.7400 |
5.062% |
$0.960 |
32.10% |
Data Centres – 12 + 1 (Under Devt) |
| Keppel Reit |
Q3 – Sep17 |
$1.175 |
1.4000 |
4.766% |
$1.410 |
38.80% |
Office (8) : Singapore (87%) + Australia (13%) by Asset Value |
| CapitaCom Trust |
Q3 – Sep17 |
$1.735 |
2.0200 |
4.657% |
$1.820 |
36.00% |
Office (72%) + Retail (17%) + Hotel (11%) by Gross Rental Income |
| ParkwayLife Reit |
Q2 – Jun17 |
$2.850 |
3.320 |
4.351% |
$1.680 |
37.40% |
Hospitals + Nursing Homes = 49 : Singapore 60% + Japan 40% by Gross Revenue |
NOTES :
- Mkt Price is as on 31-Oct-17
- 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
- FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.14ct = 1.12ct (Dec16) + 1.12ct (Sep16) + 0.97ct (Jun17) + 0.93ct (Mar17)
- A-HTrust : Above Yield is Computed Using latest 4Qs DPU = 5.7ct = 1.31ct (Q118) + 3.01ct (2H17) + 1.38ct (Q217) ; DPU Not Paid as Semi-Annual Payout Policy
- OUE C-REIT : Above Yield is Computed using last 4Qs DPU : 5.09ct = 2.38ct (1H17) + 2.5ct (2H16) ; Advanced DPU = 1ct (1-Jan-17 to 16-Mar-17)
- FLT : Advanced DPU = 1.75ct (1-Apr-17 to 5-Jul-17)
- PLife : Above Yield is Computed Using Recurring DPU = 3.10ct ie Excl. 0.22ct Divestment Gain (2nd of 4 Tranches)
- IREIT Global : DPU 100% Hedged @ €1 : S$1.55 for FY17
- 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 |
$0.083 |
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 |
$0.555 |
0.930 |
6.703% |
$0.307 |
Infrastructure |
| Ascendas-iTrust |
1H – Sep17 |
$1.150 |
2.810 |
4.887% |
$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 |
$0.430 |
9.500 |
7.782% |
HK$4.53 |
Ports – HK (38%) + China (62%) by Revenue |
| RHT HealthTrust |
2H – Jun17 |
$0.840 |
2.370 |
5.643% |
$0.845 |
India – Healthcare (18) |
| Asian Pay TV Tr |
Q2 – Jun17 |
$0.580 |
1.625 |
11.207% |
$0.850 |
Taiwan PayTV |
| Accordia Golf Tr |
Q1 – Jun17 |
$0.750 |
2.000 |
8.293% |
$0.890 |
Japan Golf Courses – 89 |
| Dasin Retail Tr |
1H – Jun17 |
$0.805 |
3.010 |
7.478% |
$1.490 |
China – Retail (4) |
| NetLink NBN Tr |
FY18 – IPO |
$0.825 |
2.930 |
5.335% |
$0.864 |
Fibre Network Infrastructure |
NOTES :
- CroesusRT : Delisted on 26-Oct-17
- Accordia : Above Yield Computed Using DPU = 6.22ct = 3.59ct (2H17 – Mar17) + 0.73ct (Q217 – Sep16) + 2ct (Q118 – Jun17) ; DPU Not Paid as Semi-Annual Payout Policy
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7995 : 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
September 2017
REITs : Average Yield = 6.473% (Excludes Saizen)
|
REIT |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Gearing |
Assets Type |
|
Cache Log Trust |
Q2 – Jun17 |
$0.835 |
1.8000 |
8.647% |
$0.770 |
43.40% |
Industrial (19) : Singapore (83%) + Australia (16%) + China (1%) by Gross Revenue |
|
SoilbuildBizREIT |
Q2 – Jun17 |
$0.700 |
1.4660 |
8.377% |
$0.720 |
37.90% |
Industrial (12) : Business Park 32% + Industrial 68% by NPI |
|
Lippo Malls Tr |
Q2 – Jun17 |
$0.430 |
0.9000 |
8.372% |
$0.368 |
30.60% |
Retail (Indonesia) – 21 |
|
Viva Ind Tr |
Q2 – Jun17 |
$0.935 |
1.8610 |
7.983% |
$0.790 |
39.10% |
Industrial (9) : Biz Park (50.4%) + Light Industrial (23.4%) + Logistics (15.4%) + Hotel (10.8%) by NPI |
|
EC World Reit |
Q2 – Jun17 |
$0.780 |
1.5400 |
7.897% |
$0.900 |
29.20% |
Port, Warehouse & e-Commerce Infrastructure in China |
|
IREIT Global |
1H – Jun17 |
$0.755 |
2.8900 |
7.656% |
$0.672 |
41.30% |
Offices : Germany (5) |
|
AIMSAMP Cap Reit |
Q1 – Jun17 |
$1.420 |
2.5000 |
7.606% |
$1.386 |
36.30% |
Industrial (27) : Singapore + Australia |
|
BHG Retail Reit |
1H – Jun17 |
$0.745 |
2.7400 |
7.356% |
$0.830 |
32.40% |
Retail (China) – 5 |
|
Sabana REIT |
Q2 – Jun17 |
$0.465 |
0.8100 |
6.989% |
$0.560 |
37.00% |
Industrial (21) |
|
Frasers Com Tr |
Q3 – Jun17 |
$1.380 |
2.3979 |
6.971% |
$1.520 |
35.90% |
Singapore (52.7%) + Australia (47.3%) by NPI |
|
ManulifeREIT USD |
1H – Jun17 |
$0.935 |
3.2300 |
6.909% |
$0.840 |
30.40% |
Offices : USA (3) |
|
OUE Com Reit |
1H – Jun17 |
$0.720 |
2.3800 |
6.778% |
$0.860 |
36.40% |
Office (83.1%) + Retail (16.9%) ; Singapore (80.4%) + China (19.6%) by Revenue |
|
OUE Htrust |
Q2 – Jun17 |
$0.780 |
1.2100 |
6.667% |
$0.760 |
38.20% |
Hotel (78%) + Retail (22%) by NPI |
|
Ascendas-hTrust |
Q1 – Jun17 |
$0.855 |
1.3100 |
6.667% |
$0.890 |
32.70% |
Hotels (11) : Australia (48%) + Japan (27%) + Singapore (14%) + China (10%) by NPI |
|
ESR-REIT |
Q2 – Jun17 |
$0.575 |
0.9560 |
6.650% |
$0.633 |
37.90% |
Industrial (49) |
|
FHT |
Q3 – Jun17 |
$0.760 |
1.2374 |
6.513% |
$0.749 |
34.10% |
Hotel (9) + Serviced Apt (6) : Australia (38%) + Singapore (20%) + UK (17%) + Japan (14%) + Malaysia (6%) + Germany (5%) by NPI |
|
Ascott Reit |
1H – Jun17 |
$1.195 |
3.3560 |
6.484% |
$1.190 |
32.40% |
Serviced Apts (73) : Asia Pacific (61.6%) + Europe (28.4%) + US (10%) by Assets |
|
First REIT |
Q2 – Jun17 |
$1.335 |
2.1400 |
6.464% |
$1.004 |
31.00% |
Hospitals (13 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
|
Mapletree GCC Tr |
Q1 – Jun17 |
$1.155 |
1.8510 |
6.357% |
$1.244 |
39.40% |
Retail + Office : HK (69.4%) + China (30.6%) by NPI ; Retail (62%) + Office (36.5%) by NPI |
|
Mapletree Ind Tr |
Q1 – Jun17 |
$1.885 |
2.9200 |
6.196% |
$1.400 |
29.80% |
Industrial (86) |
|
Mapletree Log Tr |
Q1 – Jun17 |
$1.220 |
1.8870 |
6.187% |
$1.020 |
39.00% |
Industrial (127) |
|
Far East HTrust |
Q2 – Jun17 |
$0.670 |
0.9700 |
6.179% |
$0.897 |
32.80% |
Hotels (64.8%) + Commercial (22.3%) + Serviced Apts (12.9%) by Revenue |
|
CapitaR China Tr |
1H – Jun17 |
$1.635 |
5.3600 |
6.171% |
$1.520 |
35.30% |
Retail (China) – 11 |
|
StarhillGbl Reit |
Q4 – Jun17 |
$0.770 |
1.1800 |
6.143% |
$0.910 |
35.30% |
Retail + Office : Singapore (62.5%) + Australia (23.0%) + Malaysia (12.5%) + Others (2.0%) by Revenue |
|
Frasers L&I Tr |
Q3 – Jun17 |
$1.090 |
1.7500 |
6.104% |
$0.920 |
29.30% |
Industrial (Australia) – 54 |
|
CDL Htrust |
1H – Jun17 |
$1.610 |
4.1000 |
5.994% |
$1.545 |
38.70% |
Hotels : Singapore (58.1%) + Australia (10.2%) + Maldives (7.6%) + NZ (14.2%) + UK (6.1%) + Japan (3.7%) by NPI |
|
Ascendas Reit |
Q1 – Jun17 |
$2.700 |
4.0490 |
5.811% |
$2.040 |
33.90% |
Industrial (132) : Singapore (86%) + Australia (14%) by Valuation |
|
Mapletree Com Tr |
Q1 – Jun17 |
$1.550 |
2.2300 |
5.690% |
$1.370 |
36.40% |
Retail + Office |
|
Fortune Reit HKD |
1H – Jun17 |
$9.100 |
25.5300 |
5.611% |
$13.390 |
28.40% |
Retail (HK) – 17 |
|
CapitaCom Trust |
1H – Jun17 |
$1.655 |
4.5900 |
5.547% |
$1.770 |
35.20% |
Office (73%) + Retail (16%) + Hotel (11%) by Gross Rental Income |
|
SPHREIT |
Q3 – May17 |
$1.000 |
1.3700 |
5.520% |
$0.940 |
25.60% |
Retail (2) |
|
Frasers Cpt Tr |
Q3 – Jun17 |
$2.130 |
3.0000 |
5.514% |
$1.920 |
30.00% |
Retail (6) + 31.17% of Hektar (MREIT) |
|
Keppel DC REIT |
1H – Jun17 |
$1.345 |
3.6300 |
5.398% |
$0.931 |
27.70% |
Data Centres – 12 + 1 (Under Devt) |
|
Suntec Reit |
Q2 – Jun17 |
$1.875 |
2.4930 |
5.359% |
$2.094 |
36.10% |
Office (69%) + Retail (28%) + Convention (3%) by Income |
|
CapitaMall Trust |
Q2 – Jun17 |
$2.080 |
2.7500 |
5.356% |
$1.910 |
34.70% |
Retail (16) + Office |
|
Keppel Reit |
Q2 – Jun17 |
$1.170 |
1.4200 |
4.855% |
$1.400 |
38.50% |
Office (8) : Singapore (89%) + Australia (11%) by Asset Value |
|
ParkwayLife Reit |
Q2 – Jun17 |
$2.740 |
3.3200 |
4.526% |
$1.680 |
37.40% |
Hospitals + Nursing Homes = 49 : Singapore 60% + Japan 40% by Gross Revenue |
|
Saizen REIT |
2H – Jun15 |
$0.033 |
2.930 |
0.000% |
$1.210 |
35.00% |
Residential (Japan) – 136 |
NOTES :
- Mkt Price is as on 30-Sep-17
- FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.14ct = 1.12ct (Dec16) + 1.12ct (Sep16) + 0.97ct (Jun17) + 0.93ct (Mar17)
- A-HTrust : Above Yield is Computed Using latest 4Qs DPU = 5.7ct = 1.31ct (Q118) + 3.01ct (2H17) + 1.38ct (Q217) ; DPU Not Paid as Semi-Annual Payout Policy
- OUE C-REIT : Above Yield is Computed using last 4Qs DPU : 5.09ct = 2.38ct (1H17) + 2.5ct (2H16) ; Advanced DPU = 1ct (1-Jan-17 to 16-Mar-17)
- FLT : Advanced DPU = 1.75ct (1-Apr-17 to 5-Jul-17)
- YTL StarHill : Above Yield is Computed using last 4Qs DPU : 4.92ct = 1.26ct (Dec16) + 1.30ct (Sep16) + 1. 18ct (Jun17) + 1.18ct (Mar17)
- MGCCT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield is Computed Using latest 4Qs DPU : 7.342ct = 1.851ct (Q117) + 3.731ct (2H17) + 1.76ct (Q216)
- CDL H-Trust :Above Yield is Computed using last 4Qs DPU : 10.2ct = 4.1ct (1H17) + 5.55ct (2H16)
- A-REIT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield is Computed Using latest 4Qs DPU = 15.689ct = 4.049ct (Q118) + 3.993ct (Q317) + 3.852ct (Q417) + 3.795ct (Q217)
- MCT : Above Yield is Computed using last 4Qs DPU : 8.82ct = 2.28ct (Dec16) + 2.05ct (Sep16) + 2.23ct (Jun17) + 2.26ct (Mar17)
- FHT : DPU Not Paid as Semi-Annual Payout Policy
- CRCT : Above Yield Uses Latest 4Qs DPU = 4.73ct (2H16) + 5.36ct (1H17) = 10.09ct
- AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 10.08ct = 2.77ct (Dec16) + 2.75ct (Sep16) + 2.5ct (Jun17) + 2.78ct (Mar17)
- Suntec : Above Yield is Computed Using latest 4Qs DPU = 10.049ct = 2.596ct (Q416) + 2.535ct (Q316) + 2.493ct (Q217) + 2.425ct (Q117)
- VIT : Annualised DPU = 7.464ct
- Sabana : Annualised DPU = 3.25ct
- AscottREIT : Above Yield Uses Latest 4Qs DPU = 4.392ct (2H16) + 3.356ct (1H17) = 7.748ct
- FCOT : Annualised DPU = 9.62ct
- CLT : Annualised DPU = 7.22ct
- CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar17) + 2.88ct (Dec16) + 2.78ct (Sep16) + 2.75ct (Jun17) = 11.14ct
- PLife : Above Yield is Computed Using Recurring DPU = 3.10ct ie Excl. 0.22ct Divestment Gain (2nd of 4 Tranches)
- FCT : Above Yield is Computed using last 4Qs DPU : 11.745ct = 2.89ct (Dec16) + 2.815ct (Sep16) + 3.00ct (Jun17) + 3.040ct (Mar17) ; Jun16 DPU Incl. $2.1M Retained in Prior Qs
- FirstREIT : Annualised DPU = 8.63ct
- ESR REIT : Annualised DPU = 3.824ct
- SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.34ct (Nov16) + 1.41ct (Aug16) + 1.37ct (May17) + 1.40ct (Feb17) =5.52ct
- IREIT Global : DPU 100% Hedged @ €1 : S$1.55 for FY17
- 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 |
$0.079 |
0.00 |
0.000% |
$0.390 |
Shipping Trust |
NOTES :
- All in US$ except for FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3585 : 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 |
$0.540 |
0.930 |
6.889% |
$0.307 |
Infrastructure |
|
Ascendas-iTrust |
Q1 – Jun17 |
$1.085 |
1.310 |
4.829% |
$0.810 |
India – Industrial Park (7) |
|
Indiabulls Trust |
2H – Mar17 |
$0.255 |
0.000 |
0.250% |
$1.273 |
India – Office |
|
HPH Trust USD |
1H – Jun17 |
$0.460 |
9.500 |
7.264% |
HK$4.53 |
Ports – HK (38%) + China (62%) by Revenue |
|
RHT HealthTrust |
2H – Jun17 |
$0.845 |
2.370 |
5.609% |
$0.845 |
India – Healthcare (18) |
|
Croesus Rtrust |
2H – Jun17 |
$1.165 |
4.060 |
6.918% |
Y79.63 |
Japan – Retail (11) |
|
Asian Pay TV Tr |
Q2 – Jun17 |
$0.560 |
1.625 |
11.607% |
$0.850 |
Taiwan PayTV |
|
Accordia Golf Tr |
Q1 – Jun17 |
$0.730 |
2.000 |
8.521% |
$0.890 |
Japan Golf Courses – 89 |
|
Dasin Retail Tr |
1H – Jun17 |
$0.830 |
3.010 |
7.253% |
$1.490 |
China – Retail (4) |
|
NetLink NBN Tr |
FY18 – IPO |
$0.825 |
2.930 |
5.335% |
$0.864 |
Fibre Network Infrastructure |
NOTES :
- a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
- Accordia : Above Yield Computed Using DPU = 6.22ct = 3.59ct (2H17 – Mar17) + 0.73ct (Q217 – Sep16) + 2ct (Q118 – Jun17) ; DPU Not Paid as Semi-Annual Payout Policy
- CroesusRT : Exchange Rate Y100 = S$1.2079 ; Annualised DPU = 8.06ct ; Hedged Rate – FY17 @ Y83.57 ; FY18 @ Y76.39 ; FY19 @ Y72.72
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.8107 : 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
August 2017
Results Announcement
- 1 Aug 17 : OUE H-Trust
- 2 Aug 17 : OUE C-REIT
- 3 Aug 17 : A-HTrust
- 3 Aug 17 : EC World
- 3 Aug 17 : LMIR
- 3 Aug 17 : RHT
- 3 Aug 17 : FSL
- 4 Aug 17 (AM) : FE-HTrust
- 8 Aug 17 (AM) : Manulife
- 8 Aug 17 : BHG REIT
- 10 Aug 17 : IREIT
- 14 Aug 17 (AM) : APTT
- 14 Aug 17 : Accordia
- 18 Aug 17 (AM) : CRT
REITs : Average Yield = 6.475% (Excludes Saizen)
|
REIT |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Gearing |
Assets Type |
|
Lippo Malls Tr |
Q2 – Jun17 |
$0.435 |
0.900 |
8.276% |
$0.368 |
30.60% |
Retail (Indonesia) – 21 |
|
Cache Log Trust |
Q2 – Jun17 |
$0.875 |
1.8000 |
8.251% |
$0.770 |
43.40% |
Industrial (19) : Singapore (83%) + Australia (16%) + China (1%) by Gross Revenue |
|
SoilbuildBizREIT |
Q2 – Jun17 |
$0.730 |
1.4660 |
8.033% |
$0.720 |
37.90% |
Industrial (12) : Business Park 32% + Industrial 68% by NPI |
|
EC World Reit |
Q2 – Jun17 |
$0.775 |
1.5400 |
7.948% |
$0.900 |
29.20% |
Port, Warehouse & e-Commerce Infrastructure in China |
|
Viva Ind Tr |
Q2 – Jun17 |
$0.945 |
1.861 |
7.898% |
$0.790 |
39.10% |
Industrial (9) : Biz Park (50.4%) + Light Industrial (23.4%) + Logistics (15.4%) + Hotel (10.8%) by NPI |
|
AIMSAMP Cap Reit |
Q1 – Jun17 |
$1.405 |
2.5000 |
7.687% |
$1.386 |
36.30% |
Industrial (27) : Singapore + Australia |
|
IREIT Global |
1H – Jun17 |
$0.765 |
2.8900 |
7.556% |
$0.676 |
41.30% |
Offices : Germany (5) |
|
BHG Retail Reit |
1H – Jun17 |
$0.750 |
1.3500 |
7.200% |
$0.830 |
32.40% |
Retail (China) – 5 |
|
Frasers Com Tr |
Q3 – Jun17 |
$1.395 |
2.398 |
6.896% |
$1.520 |
35.90% |
Singapore (52.7%) + Australia (47.3%) by NPI |
|
ESR-REIT |
Q2 – Jun17 |
$0.555 |
0.9560 |
6.890% |
$0.633 |
37.90% |
Industrial (49) |
|
OUE Htrust |
Q2 – Jun17 |
$0.760 |
1.2100 |
6.842% |
$0.760 |
38.20% |
Hotel (78%) + Retail (22%) by NPI |
|
Ascendas-hTrust |
Q1 – Jun17 |
$0.835 |
1.3100 |
6.826% |
$0.890 |
32.70% |
Hotels (11) : Australia (48%) + Japan (27%) + Singapore (14%) + China (10%) by NPI |
|
OUE Com Reit |
1H – Jun17 |
$0.715 |
2.380 |
6.825% |
$0.860 |
36.40% |
Office (83.1%) + Retail (16.9%) ; Singapore (80.4%) + China (19.6%) by Revenue |
|
Sabana REIT |
Q2 – Jun17 |
$0.480 |
0.8100 |
6.771% |
$0.560 |
37.00% |
Industrial (21) |
|
ManulifeREIT USD |
1H – Jun17 |
$0.965 |
3.2300 |
6.694% |
$0.840 |
30.40% |
Offices : USA (3) |
|
FHT |
Q3 – Jun17 |
$0.745 |
1.2374 |
6.644% |
$0.749 |
34.10% |
Hotel (9) + Serviced Apt (6) : Australia (38%) + Singapore (20%) + UK (17%) + Japan (14%) + Malaysia (6%) + Germany (5%) by NPI |
|
Ascott Reit |
1H – Jun17 |
$1.175 |
3.356 |
6.594% |
$1.190 |
32.40% |
Serviced Apts (73) : Asia Pacific (61.6%) + Europe (28.4%) + US (10%) by Assets |
|
Mapletree GCC Tr |
Q1 – Jun17 |
$1.125 |
1.8510 |
6.526% |
$1.244 |
39.40% |
Retail + Office : HK (69.4%) + China (30.6%) by NPI ; Retail (62%) + Office (36.5%) by NPI |
|
First REIT |
Q2 – Jun17 |
$1.330 |
2.1400 |
6.489% |
$1.004 |
31.00% |
Hospitals (13 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
|
StarhillGbl Reit |
Q4 – Jun17 |
$0.745 |
1.1800 |
6.349% |
$0.910 |
35.30% |
Retail + Office : Singapore (62.5%) + Australia (23.0%) + Malaysia (12.5%) + Others (2.0%) by Revenue |
|
CapitaR China Tr |
1H – Jun17 |
$1.595 |
5.360 |
6.326% |
$1.520 |
35.30% |
Retail (China) – 11 |
|
Mapletree Ind Tr |
Q1 – Jun17 |
$1.855 |
2.9200 |
6.296% |
$1.400 |
29.80% |
Industrial (86) |
|
Far East HTrust |
Q2 – Jun17 |
$0.660 |
0.9700 |
6.273% |
$0.897 |
32.80% |
Hotels (64.8%) + Commercial (22.3%) + Serviced Apts (12.9%) by Revenue |
|
Frasers L&I Tr |
Q3 – Jun17 |
$1.075 |
1.7500 |
6.189% |
$0.920 |
29.30% |
Industrial (Australia) – 54 |
|
Mapletree Log Tr |
Q1 – Jun17 |
$1.230 |
1.887 |
6.137% |
$1.020 |
39.00% |
Industrial (127) |
|
CDL Htrust |
1H – Jun17 |
$1.630 |
4.1000 |
5.920% |
$1.545 |
38.70% |
Hotels : Singapore (58.1%) + Australia (10.2%) + Maldives (7.6%) + NZ (14.2%) + UK (6.1%) + Japan (3.7%) by NPI |
|
Ascendas Reit |
Q1 – Jun17 |
$2.660 |
4.0490 |
5.898% |
$2.040 |
33.90% |
Industrial (132) : Singapore (86%) + Australia (14%) by Valuation |
|
Mapletree Com Tr |
Q1 – Jun17 |
$1.535 |
2.2300 |
5.746% |
$1.370 |
36.40% |
Retail + Office |
|
Keppel DC REIT |
1H – Jun17 |
$1.285 |
3.630 |
5.650% |
$0.931 |
27.70% |
Data Centres – 12 + 1 (Under Devt) |
|
Frasers Cpt Tr |
Q3 – Jun17 |
$2.110 |
3.0000 |
5.566% |
$1.920 |
30.00% |
Retail (6) + 31.17% of Hektar (MREIT) |
|
Fortune Reit HKD |
1H – Jun17 |
$9.240 |
25.5300 |
5.526% |
$13.390 |
28.40% |
Retail (HK) – 17 |
|
SPHREIT |
Q3 – May17 |
$1.000 |
1.3700 |
5.520% |
$0.940 |
25.60% |
Retail (2) |
|
Suntec Reit |
Q2 – Jun17 |
$1.895 |
2.493 |
5.303% |
$2.094 |
36.10% |
Office (69%) + Retail (28%) + Convention (3%) by Income |
|
CapitaCom Trust |
1H – Jun17 |
$1.740 |
4.5900 |
5.276% |
$1.770 |
35.20% |
Office (73%) + Retail (16%) + Hotel (11%) by Gross Rental Income |
|
CapitaMall Trust |
Q2 – Jun17 |
$2.170 |
2.750 |
5.134% |
$1.910 |
34.70% |
Retail (16) + Office |
|
Keppel Reit |
Q2 – Jun17 |
$1.160 |
1.4200 |
4.897% |
$1.400 |
38.50% |
Office (8) : Singapore (89%) + Australia (11%) by Asset Value |
|
ParkwayLife Reit |
Q2 – Jun17 |
$2.690 |
3.320 |
4.610% |
$1.680 |
37.40% |
Hospitals + Nursing Homes = 49 : Singapore 60% + Japan 40% by Gross Revenue |
|
Saizen REIT |
2H – Jun15 |
$0.033 |
2.930 |
0.000% |
$1.210 |
35.00% |
Residential (Japan) – 136 |
NOTES :
- Mkt Price is as on 31-Aug-17
- FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.14ct = 1.12ct (Dec16) + 1.12ct (Sep16) + 0.97ct (Jun17) + 0.93ct (Mar17)
- A-HTrust : Above Yield is Computed Using latest 4Qs DPU = 5.7ct = 1.31ct (Q118) + 3.01ct (2H17) + 1.38ct (Q217) ; DPU Not Paid as Semi-Annual Payout Policy
- OUE C-REIT : Above Yield is Computed using last 4Qs DPU : 5.09ct = 2.38ct (1H17) + 2.5ct (2H16) ; Advanced DPU = 1ct (1-Jan-17 to 16-Mar-17)
- FLT : Advanced DPU = 1.75ct (1-Apr-17 to 5-Jul-17)
- YTL StarHill : Above Yield is Computed using last 4Qs DPU : 4.92ct = 1.26ct (Dec16) + 1.30ct (Sep16) + 1. 18ct (Jun17) + 1.18ct (Mar17)
- MGCCT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield is Computed Using latest 4Qs DPU : 7.342ct = 1.851ct (Q117) + 3.731ct (2H17) + 1.76ct (Q216)
- CDL H-Trust :Above Yield is Computed using last 4Qs DPU : 10.2ct = 4.1ct (1H17) + 5.55ct (2H16)
- A-REIT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield is Computed Using latest 4Qs DPU = 15.689ct = 4.049ct (Q118) + 3.993ct (Q317) + 3.852ct (Q417) + 3.795ct (Q217)
- MCT : Above Yield is Computed using last 4Qs DPU : 8.82ct = 2.28ct (Dec16) + 2.05ct (Sep16) + 2.23ct (Jun17) + 2.26ct (Mar17)
- FHT : DPU Not Paid as Semi-Annual Payout Policy
- CRCT : Above Yield Uses Latest 4Qs DPU = 4.73ct (2H16) + 5.36ct (1H17) = 10.09ct
- AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 10.08ct = 2.77ct (Dec16) + 2.75ct (Sep16) + 2.5ct (Jun17) + 2.78ct (Mar17)
- Suntec : Above Yield is Computed Using latest 4Qs DPU = 10.049ct = 2.596ct (Q416) + 2.535ct (Q316) + 2.493ct (Q217) + 2.425ct (Q117)
- VIT : Annualised DPU = 7.464ct
- Sabana : Annualised DPU = 3.25ct
- AscottREIT : Above Yield Uses Latest 4Qs DPU = 4.392ct (2H16) + 3.356ct (1H17) = 7.748ct
- FCOT : Annualised DPU = 9.62ct
- CLT : Annualised DPU = 7.22ct
- CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar17) + 2.88ct (Dec16) + 2.78ct (Sep16) + 2.75ct (Jun17) = 11.14ct
- PLife : Above Yield is Computed Using Recurring DPU = 3.10ct ie Excl. 0.22ct Divestment Gain (2nd of 4 Tranches)
- FCT : Above Yield is Computed using last 4Qs DPU : 11.745ct = 2.89ct (Dec16) + 2.815ct (Sep16) + 3.00ct (Jun17) + 3.040ct (Mar17) ; Jun16 DPU Incl. $2.1M Retained in Prior Qs
- FirstREIT : Annualised DPU = 8.63ct
- ESR REIT : Annualised DPU = 3.824ct
- SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.34ct (Nov16) + 1.41ct (Aug16) + 1.37ct (May17) + 1.40ct (Feb17) =5.52ct
- IREIT Global : DPU 100% Hedged @ €1 : S$1.55 for FY17
- 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 |
$0.096 |
0.00 |
0.000% |
$0.390 |
Shipping Trust |
NOTES :
- All in US$ except for FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.35 : 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 |
$0.560 |
0.930 |
6.643% |
$0.307 |
Infrastructure |
|
Ascendas-iTrust |
Q1 – Jun17 |
$1.155 |
1.310 |
4.537% |
$0.810 |
India – Industrial Park (7) |
|
Indiabulls Trust |
2H – Mar17 |
$0.255 |
0.000 |
0.250% |
$1.273 |
India – Office |
|
HPH Trust USD |
1H – Jun17 |
$0.455 |
9.500 |
7.368% |
HK$4.53 |
Ports – HK (38%) + China (62%) by Revenue |
|
RHT HealthTrust |
2H – Jun17 |
$0.860 |
2.370 |
5.512% |
$0.845 |
India – Healthcare (18) |
|
Croesus Rtrust |
2H – Jun17 |
$1.155 |
4.060 |
6.978% |
Y79.63 |
Japan – Retail (11) |
|
Asian Pay TV Tr |
Q2 – Jun17 |
$0.570 |
1.625 |
11.404% |
$0.850 |
Taiwan PayTV |
|
Accordia Golf Tr |
Q1 – Jun17 |
$0.710 |
2.000 |
8.761% |
$0.890 |
Japan Golf Courses – 89 |
|
Dasin Retail Tr |
1H – Jun17 |
$0.850 |
3.010 |
7.082% |
$1.490 |
China – Retail (4) |
|
NetLink NBN Tr |
FY18 – IPO |
$0.825 |
2.930 |
5.335% |
$0.864 |
Fibre Network Infrastructure |
NOTES :
- a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
- Accordia : Above Yield Computed Using DPU = 6.22ct = 3.59ct (2H17 – Mar17) + 0.73ct (Q217 – Sep16) + 2ct (Q118 – Jun17) ; DPU Not Paid as Semi-Annual Payout Policy
- CroesusRT : Exchange Rate Y100 = S$1.2308 ; Annualised DPU = 8.06ct ; Hedged Rate – FY17 @ Y83.57 ; FY18 @ Y76.39 ; FY19 @ Y72.72
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7857 : 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
July 2017
Results Announcement
- 12 Jul 17 : SPH REIT (Updated)
- 13 Jul 17 : ESR-REIT (Updated)
- 13 Jul 17 : SB-REIT (Updated)
- 17 Jul 17 : KIT (Updated)
- 17 Jul 17 : Keppel DC REIT (Updated)
- 17 Jul 17 : FirstREIT (Updated)
- 18 Jul 17 : KeppelREIT (Updated)
- 19 Jul 17 (AM) : CCT (Updated)
- 19 Jul 17 : HPH-Trust (Updated)
- 20 Jul 17 (AM) : AscottREIT (Updated)
- 20 Jul 17 (AM) : CMT (Updated)
- 21 Jul 17 : CLT (Updated)
- 24 Jul 17 : FCT (Updated)
- 24 Jul 17 : FCOT (Updated)
- 24 Jul 17 : MLT (Updated)
- 24 Jul 17 : a-iTrust
- 25 Jul 17 (AM) : PLife (Updated)
- 25 Jul 17 : MIT (Updated)
- 25 Jul 17 : Sabana (Updated)
- 26 Jul 17 (AM) : Suntec (Updated)
- 26 Jul 17 (AM) : VIT (Updated)
- 27 Jul 17 (AM) : CRCT (Updated)
- 27 Jul 17 (AM) : AIMSAMPReit (Updated)
- 27 Jul 17 : MCT (Updated)
- 27 Jul 17 : FHT (Updated)
- 27 Jul 17 : A-REIT (Updated)
- 28 Jul 17 (AM) : CDL H-Trust (Updated)
- 28 Jul 17 (AM) : Fortune (Updated)
- 28 Jul 17 : MGCCT (Updated)
- 28 Jul 17 : FLT (Updated)
- 28 Jul 17 : Starhill (Updated)
- 1 Aug 17 : OUE H-Trust
- 2 Aug 17 : OUE C-REIT
- 3 Aug 17 : A-HTrust
- 3 Aug 17 : EC World
- 3 Aug 17 : LMIR
- 3 Aug 17 : RHT
- 3 Aug 17 : FSL
- 4 Aug 17 (AM) : FE-HTrust
- 8 Aug 17 (AM) : Manulife
- 8 Aug 17 : BHG REIT
- 10 Aug 17 : IREIT
- 14 Aug 17 (AM) : APTT
- 14 Aug 17 : Accordia
- 18 Aug 17 (AM) : CRT
REITs : Average Yield = 6.475% (Excludes Saizen)
| REIT |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Gearing |
Assets Type |
| SoilbuildBizREIT |
Q2 – Jun17 |
$0.710 |
1.4660 |
8.259% |
$0.720 |
37.90% |
Industrial (12) : Business Park 32% + Industrial 68% by NPI |
| Cache Log Trust |
Q2 – Jun17 |
$0.885 |
1.8000 |
8.158% |
$0.770 |
43.40% |
Industrial (19) : Singapore (83%) + Australia (16%) + China (1%) by Gross Revenue |
| Viva Ind Tr |
Q2 – Jun17 |
$0.925 |
1.861 |
8.069% |
$0.790 |
39.10% |
Industrial (9) : Biz Park (50.4%) + Light Industrial (23.4%) + Logistics (15.4%) + Hotel (10.8%) by NPI |
| EC World Reit |
Q1 – Mar17 |
$0.775 |
1.5410 |
8.065% |
$0.900 |
28.60% |
Port, Warehouse & e-Commerce Infrastructure in China |
| Lippo Malls Tr |
Q1 – Mar17 |
$0.460 |
0.890 |
7.739% |
$0.374 |
32.20% |
Retail (Indonesia) – 20 |
| BHG Retail Reit |
Q1 – Mar17 |
$0.735 |
1.3900 |
7.565% |
$0.820 |
32.50% |
Retail (China) – 5 |
| AIMSAMP Cap Reit |
Q1 – Jun17 |
$1.440 |
2.500 |
7.500% |
$1.386 |
36.30% |
Industrial (27) : Singapore + Australia |
| IREIT Global |
Q1 – Mar17 |
$0.790 |
1.4400 |
7.291% |
$0.672 |
42.10% |
Offices : Germany (5) |
| Sabana REIT |
Q2 – Jun17 |
$0.450 |
0.810 |
7.222% |
$0.560 |
37.00% |
Industrial (21) |
| ManulifeREIT USD |
Q1 – Mar17 |
$0.920 |
1.6500 |
7.174% |
$0.830 |
34.20% |
Offices : USA (3) |
| OUE Com Reit |
Q1 – Mar17 |
$0.730 |
1.230 |
6.973% |
$0.860 |
36.20% |
Office (82.6%) + Retail (17.4%) ; Singapore (79.9%) + China (20.1%) by Revenue |
| OUE Htrust |
Q1 – Mar17 |
$0.755 |
1.3000 |
6.887% |
$0.760 |
38.10% |
Hotel (78%) + Retail (22%) by NPI |
| Frasers Com Tr |
Q3 – Jun17 |
$1.400 |
2.398 |
6.871% |
$1.520 |
35.90% |
Singapore (52.7%) + Australia (47.3%) by NPI |
| ESR-REIT |
Q2 – Jun17 |
$0.565 |
0.9560 |
6.768% |
$0.633 |
37.90% |
Industrial (49) |
| Ascendas-hTrust |
2H – Mar17 |
$0.840 |
3.010 |
6.762% |
$0.920 |
32.20% |
Hotels (11) : Australia (51%) + Japan (29%) + Singapore (14%) + China (6%) by NPI |
| FHT |
Q3 – Jun17 |
$0.740 |
1.2374 |
6.689% |
$0.749 |
34.10% |
Hotel (9) + Serviced Apt (6) : Australia (38%) + Singapore (20%) + UK (17%) + Japan (14%) + Malaysia (6%) + Germany (5%) by NPI |
| Mapletree GCC Tr |
Q1 – Jun17 |
$1.110 |
1.851 |
6.614% |
$1.244 |
39.40% |
Retail + Office : HK (69.4%) + China (30.6%) by NPI ; Retail (62%) + Office (36.5%) by NPI |
| Ascott Reit |
1H – Jun17 |
$1.190 |
3.3560 |
6.511% |
$1.190 |
32.40% |
Serviced Apts (73) : Asia Pacific (61.6%) + Europe (28.4%) + US (10%) by Assets |
| First REIT |
Q2 – Jun17 |
$1.350 |
2.140 |
6.393% |
$1.004 |
31.00% |
Hospitals (13 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
| Mapletree Ind Tr |
Q1 – Jun17 |
$1.855 |
2.9200 |
6.296% |
$1.400 |
29.80% |
Industrial (86) |
| Mapletree Log Tr |
Q1 – Jun17 |
$1.200 |
1.887 |
6.290% |
$1.020 |
39.00% |
Industrial (127) |
| Far East HTrust |
Q1 – Mar17 |
$0.670 |
0.9300 |
6.239% |
$0.903 |
32.30% |
Hotels (65.2%) + Commercial (23.1%) + Serviced Apts (11.7%) by Revenue |
| CapitaR China Tr |
1H – Jun17 |
$1.660 |
5.360 |
6.078% |
$1.520 |
35.30% |
Retail (China) – 11 |
| Frasers L&I Tr |
Q3 – Jun17 |
$1.095 |
1.7500 |
6.076% |
$0.920 |
29.30% |
Industrial (Australia) – 54 |
| StarhillGbl Reit |
Q4 – Jun17 |
$0.780 |
1.180 |
6.064% |
$0.910 |
35.30% |
Retail + Office : Singapore (62.5%) + Australia (23.0%) + Malaysia (12.5%) + Others (2.0%) by Revenue |
| CDL Htrust |
1H – Jun17 |
$1.600 |
4.1000 |
6.031% |
$1.545 |
38.70% |
Hotels : Singapore (58.1%) + Australia (10.2%) + Maldives (7.6%) + NZ (14.2%) + UK (6.1%) + Japan (3.7%) by NPI |
| Ascendas Reit |
Q1 – Jun17 |
$2.700 |
4.049 |
5.811% |
$2.040 |
33.90% |
Industrial (132) : Singapore (86%) + Australia (14%) by Valuation |
| Keppel DC REIT |
1H – Jun17 |
$1.280 |
3.6300 |
5.672% |
$0.931 |
27.70% |
Data Centres – 12 + 1 (Under Devt) |
| Frasers Cpt Tr |
Q3 – Jun17 |
$2.100 |
3.000 |
5.593% |
$1.920 |
30.00% |
Retail (6) + 31.17% of Hektar (MREIT) |
| CapitaMall Trust |
Q2 – Jun17 |
$2.010 |
2.7500 |
5.542% |
$1.910 |
34.70% |
Retail (16) + Office |
| SPHREIT |
Q3 – May17 |
$1.000 |
1.370 |
5.520% |
$0.940 |
25.60% |
Retail (2) |
| Mapletree Com Tr |
Q1 – Jun17 |
$1.605 |
2.2300 |
5.495% |
$1.370 |
36.40% |
Retail + Office |
| CapitaCom Trust |
1H – Jun17 |
$1.720 |
4.590 |
5.337% |
$1.770 |
35.20% |
Office (73%) + Retail (16%) + Hotel (11%) by Gross Rental Income |
| Suntec Reit |
Q2 – Jun17 |
$1.900 |
2.4930 |
5.289% |
$2.094 |
36.10% |
Office (69%) + Retail (28%) + Convention (3%) by Income |
| Fortune Reit HKD |
1H – Jun17 |
$9.720 |
25.530 |
5.253% |
$13.390 |
28.40% |
Retail (HK) – 17 |
| Keppel Reit |
Q2 – Jun17 |
$1.160 |
1.4200 |
4.897% |
$1.400 |
38.50% |
Office (8) : Singapore (89%) + Australia (11%) by Asset Value |
| ParkwayLife Reit |
Q2 – Jun17 |
$2.710 |
3.320 |
4.576% |
$1.680 |
37.40% |
Hospitals + Nursing Homes = 49 : Singapore 60% + Japan 40% by Gross Revenue |
| Saizen REIT |
2H – Jun15 |
$0.033 |
2.930 |
0.000% |
$1.210 |
35.00% |
Residential (Japan) – 136 |
NOTES :
- Mkt Price is as on 31-JuL-17
- FLT : Advanced DPU = 1.75ct (1-Apr-17 to 5-Jul-17)
- YTL StarHill : Above Yield is Computed using last 4Qs DPU : 4.92ct = 1.26ct (Dec16) + 1.30ct (Sep16) + 1. 18ct (Jun17) + 1.18ct (Mar17)
- MGCCT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield is Computed Using latest 4Qs DPU : 7.342ct = 1.851ct (Q117) + 3.731ct (2H17) + 1.76ct (Q216)
- CDL H-Trust :Above Yield is Computed using last 4Qs DPU : 10.2ct = 4.1ct (1H17) + 5.55ct (2H16)
- A-REIT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield is Computed Using latest 4Qs DPU = 15.689ct = 4.049ct (Q118) + 3.993ct (Q317) + 3.852ct (Q417) + 3.795ct (Q217)
- MCT : Above Yield is Computed using last 4Qs DPU : 8.82ct = 2.28ct (Dec16) + 2.05ct (Sep16) + 2.23ct (Jun17) + 2.26ct (Mar17)
- FHT : DPU Not Paid as Semi-Annual Payout Policy
- CRCT : Above Yield Uses Latest 4Qs DPU = 4.73ct (2H16) + 5.36ct (1H17) = 10.09ct
- AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 10.08ct = 2.77ct (Dec16) + 2.75ct (Sep16) + 2.5ct (Jun17) + 2.78ct (Mar17)
- Suntec : Above Yield is Computed Using latest 4Qs DPU = 10.049ct = 2.596ct (Q416) + 2.535ct (Q316) + 2.493ct (Q217) + 2.425ct (Q117)
- VIT : Annualised DPU = 7.464ct
- Sabana : Annualised DPU = 3.25ct
- AscottREIT : Above Yield Uses Latest 4Qs DPU = 4.392ct (2H16) + 3.356ct (1H17) = 7.748ct
- FCOT : Annualised DPU = 9.62ct
- CLT : Annualised DPU = 7.22ct
- CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar17) + 2.88ct (Dec16) + 2.78ct (Sep16) + 2.75ct (Jun17) = 11.14ct
- PLife : Above Yield is Computed Using Recurring DPU = 3.10ct ie Excl. 0.22ct Divestment Gain (2nd of 4 Tranches)
- FCT : Above Yield is Computed using last 4Qs DPU : 11.745ct = 2.89ct (Dec16) + 2.815ct (Sep16) + 3.00ct (Jun17) + 3.040ct (Mar17) ; Jun16 DPU Incl. $2.1M Retained in Prior Qs
- FirstREIT : Annualised DPU = 8.63ct
- ESR REIT : Annualised DPU = 3.824ct
- SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.34ct (Nov16) + 1.41ct (Aug16) + 1.37ct (May17) + 1.40ct (Feb17) =5.52ct
- FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.18ct = 1.12ct (Dec16) + 1.12ct (Sep16) + 1.01ct (Jun16) + 0.93ct (Mar17)
- A-HTrust : Above Yield is Computed Using latest 4Qs DPU = 5.68ct = 3.01ct (2H17) + 2.67ct (1H17)
- IREIT Global : DPU Not Paid as Semi-Annual Payout Policy
- EC World : Annualised DPU = 6.25ct
- OUE C-REIT : Above Yield is Computed using last 4Qs DPU : 5.09ct = 1.23ct (Q117) + 2.5ct (2H16) + 1.36ct (Q216) ; Advanced DPU = 1ct (1-Jan-17 to 16-Mar-17)
- Manulife REIT : DPU Not Paid as Semi-Annual Payout Policy
- IREIT Global : DPU 100% Hedged @ €1 : S$1.55 for FY17
- 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 |
Q1 – Mar17 |
$0.077 |
0.00 |
0.000% |
$0.390 |
Shipping Trust |
NOTES :
- All in US$ except for FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3568 : 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 |
$0.550 |
0.930 |
6.764% |
$0.307 |
Infrastructure |
| Ascendas-iTrust |
2H – Mar17 |
$1.150 |
2.960 |
5.148% |
$0.810 |
India – Industrial Park (7) |
| Indiabulls Trust |
2H – Mar16 |
$0.255 |
0.000 |
0.250% |
$1.710 |
India – Office |
| HPH Trust USD |
1H – Jun17 |
$0.475 |
9.500 |
7.035% |
HK$4.53 |
Ports – HK (38%) + China (62%) by Revenue |
| RHT HealthTrust |
Q3 – Dec16 |
$0.890 |
1.250 |
5.618% |
$0.838 |
India – Healthcare (18) |
| Croesus Rtrust |
Q3 – Mar17 |
$1.190 |
2.050 |
6.983% |
Y76.43 |
Japan – Retail (11) |
| Asian Pay TV Tr |
Q1 – Mar17 |
$0.575 |
1.625 |
11.304% |
$0.870 |
Taiwan PayTV |
| Accordia Golf Tr |
2H – Mar17 |
$0.705 |
3.590 |
8.567% |
$0.910 |
Japan Golf Courses – 89 |
| Dasin Retail Tr |
FY17 – IPO |
$0.800 |
6.800 |
8.500% |
$1.023 |
China – Retail |
| NetLink NBN Tr |
FY18 – IPO |
$0.815 |
2.930 |
5.400% |
$0.864 |
Fibre Network Infrastructure |
NOTES :
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.8105 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun17) = HK9.5ct + 2H (Dec16) = HK16.6ct
- CroesusRT : Exchange Rate Y100 = S$1.2288 ; Annualised DPU = 8.31ct ; Hedged Rate – FY17 @ Y83.57 ; FY18 @ Y76.39 ; FY19 @ Y72.72
- APTT : Above Yield uses DPU = 6.5ct as FY17 Guidance = 6.5ct ie 1.625ct / Q
- RHT : DPU Not Paid as Semi-Annual Payout Policy
- 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 - Accordia : Above Yield Computed Using DPU = 6.76ct = 4.31ct (2H16 – Mar16) + 2.45ct (1H17 – Sep16)
-
APTT : Above Yield uses DPU = 6.5ct as FY16 Guidance = 6.5ct to 7ct (1.625ct/Q ; Q4 May Have Additional DPU)
-
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