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