Results Announcement
- 10 Apr 17 : SPHREIT
- 12 Apr 17 : SB REIT
- 17 Apr 17 : FirstREIT
- 17 Apr 17 : Keppel DC REIT
- 17 Apr 17 : KIT
- 19 Apr 17 (AM) : CCT
- 19 Apr 17 : KeppelREIT
- 20 Apr 17 : CMT
- 20 Apr 17 : CLT
- 21 Apr 17 (AM) : FCOT
- 21 Apr 17 (AM) : AscottREIT
- 21 Apr 17 : CRCT
- 24 Apr 17 : MIT
- 24 Apr 17 : HPH-Trust
- 25 Apr 17 (AM) : Cambridge
- 25 Apr 17 (AM) : PLife
- 25 Apr 17 (AM) : FCT
- 25 Apr 17 : A-REIT
- 25 Apr 17 : MCT
- 26 Apr 17 (AM) : CDL H-Trust
- 26 Apr 17 (AM) : Suntec
- 26 Apr 17 : MGCCT
- 26 Apr 17 : a-iTrust
- 27 Apr 17 (AM) : AIMSAMPReit
- 27 Apr 17 (AM) : Indiabulls
- 27 Apr 17 : YTL Starhill
- 27 Apr 17 : MIT
- 28 Apr 17 (AM) : FHT
- 28 Apr 17 (AM) : VIT
- 2 May 17 (AM) : Manulife
- 3 May 17 : FSL
- 4 May 17 : LMIRT
- 4 May 17 : OUE H-Trust
- 5 May 17 (AM) : FLT
- 5 May 17 : OUE C-REIT
- 9 May 17 : Sabana
- 11 May 17 : IREIT
- 11 May 17 : EC World
- 12 May 17 (AM) : APTT
- 12 May 17 (AM) : FE-HTrust
- 25 May 17 : Accordia
REITs : Average Yield = 6.826% (Excludes Saizen)
| REIT |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Gearing |
Assets Type |
| Viva Ind Tr |
Q1 – Mar17 |
$0.815 |
1.854 |
9.226% |
$0.792 |
39.20% |
Industrial (9) : Biz Park (50.4%) + Light Industrial (23.4%) + Logistics (15.4%) + Hotel (10.8%) by NPI |
| SoilbuildBizREIT |
Q1 – Mar17 |
$0.665 |
1.4890 |
8.956% |
$0.720 |
37.50% |
Industrial (12) : Business Park 31% + Industrial 69% by NPI |
| IREIT Global |
2H – Dec16 |
$0.745 |
3.150 |
8.456% |
$0.627 |
41.60% |
Offices : Germany (5) |
| Cache Log Trust |
Q1 – Mar17 |
$0.865 |
1.800 |
8.439% |
$0.780 |
43.10% |
Industrial (19) : Singapore (84%) + Australia (15%) + China (1%) by Gross Revenue |
| Lippo Malls Tr |
Q4 – Dec16 |
$0.425 |
0.870 |
8.188% |
$0.390 |
31.50% |
Retail (Indonesia) – 20 |
| AIMSAMP Cap Reit |
Q4 – Mar17 |
$1.395 |
2.7800 |
7.921% |
$1.390 |
36.10% |
Industrial (27) : Singapore + Australia |
| Sabana REIT |
Q4 – Dec16 |
$0.455 |
0.880 |
7.692% |
$0.740 |
43.20% |
Industrial (21) |
| EC World Reit |
Q4 – Dec16 |
$0.760 |
1.4630 |
7.658% |
$0.930 |
27.60% |
Port, Warehouse & e-Commerce Infrastructure in China |
| Frasers Com Tr |
Q2 – Mar17 |
$1.340 |
2.506 |
7.582% |
$1.540 |
35.90% |
Singapore (50.8%) + Australia (49.2%) by NPI |
| OUE Htrust |
Q4 – Dec16 |
$0.720 |
1.360 |
7.556% |
$0.770 |
38.10% |
Hotel (77%) + Retail (23%) by NPI |
| OUE Com Reit |
2H – Dec16 |
$0.700 |
2.500 |
7.400% |
$0.930 |
39.60% |
Office (82.4%) + Retail (17.6%) ; Singapore (80.4%) + China (19.6%) by Revenue |
| Ascott Reit |
Q1 – Mar17 |
$1.095 |
1.5100 |
7.321% |
$1.270 |
41.10% |
Serviced Apts (90) : Key Mkt (87.8%) + R.O.W (12.2%) by Valuation |
| BHG Retail Reit |
2H – Dec16 |
$0.715 |
2.600 |
7.273% |
$0.850 |
31.00% |
Retail (China) – 5 |
| Far East HTrust |
Q4 – Dec16 |
$0.600 |
1.120 |
7.217% |
$0.909 |
32.10% |
Hotels (66.5%) + Commercial (20.8%) + Serviced Apts (12.7%) by Revenue |
| Ascendas-hTrust |
Q3 – Dec16 |
$0.780 |
1.640 |
7.192% |
$0.850 |
33.30% |
Hotels (11) : Australia (56%) + Japan (24%) + Singapore (12%) + China (8%) by NPI |
| FHT |
1H – Mar17 |
$0.730 |
2.5321 |
6.937% |
$0.768 |
33.40% |
Hotel (9) + Serviced Apt (6) : Australia (47%) + Singapore (23%) + UK (11%) + Japan (8%) + Malaysia (6%) + Germany (5%) by NPI |
| Frasers L&I Tr |
Q1 – Dec16 |
$1.010 |
1.740 |
6.891% |
$0.941 |
29.70% |
Industrial (Australia) – 54 |
| Cambridge Ind Tr |
Q1 – Mar17 |
$0.585 |
1.004 |
6.865% |
$0.634 |
37.80% |
Industrial (49) |
| Mapletree GCC Tr |
2H – Mar17 |
$1.070 |
3.731 |
6.861% |
$1.301 |
39.20% |
Retail + Office : HK (69.3%) + China (30.7%) by NPI ; Retail (61.7%) + Office (36.6%) by NPI |
| ManulifeREIT USD |
Q4 – Dec16 |
$0.840 |
3.5500 |
6.845% |
$0.840 |
33.80% |
Offices : USA (3) |
| Mapletree Log Tr |
Q4 – Mar17 |
$1.130 |
1.860 |
6.584% |
$1.020 |
38.50% |
Industrial (127) |
| CDL Htrust |
Q1 – Mar17 |
$1.550 |
2.420 |
6.581% |
$1.530 |
36.80% |
Hotels : Singapore (58.2%) + Australia (10.2%) + Maldives (9.4%) + NZ (15.1%) + Japan (3.6%) + UK (3.6%) by NPI |
| StarhillGbl Reit |
Q3 – Mar17 |
$0.770 |
1.180 |
6.532% |
$0.910 |
35.30% |
Retail + Office : Singapore (62.5%) + Australia (23.0%) + Malaysia (12.5%) + Others (2.0%) by Revenue |
| Mapletree Ind Tr |
Q4 – Mar17 |
$1.790 |
2.8800 |
6.436% |
$1.410 |
29.20% |
Industrial (86) |
| First REIT |
Q1 – Mar17 |
$1.350 |
2.140 |
6.430% |
$1.006 |
31.00% |
Hospitals (13 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
| CapitaR China Tr |
Q1 – Mar17 |
$1.590 |
2.740 |
6.340% |
$1.550 |
36.40% |
Retail (China) – 11 |
| Ascendas Reit |
Q4 – Mar17 |
$2.560 |
3.852 |
6.108% |
$2.040 |
33.80% |
Industrial (129) : Singapore (86%) + Australia (14%) by Valuation |
| CapitaCom Trust |
Q1 – Mar17 |
$1.625 |
2.4000 |
5.908% |
$1.720 |
38.10% |
Office (73%) + Retail (17%) + Hotel (10%) by Gross Rental Income |
| Suntec Reit |
Q1 – Mar17 |
$1.770 |
2.425 |
5.682% |
$2.120 |
37.70% |
Office (69%) + Retail (28%) + Convention (3%) by Income |
| CapitaMall Trust |
Q1 – Mar17 |
$1.970 |
2.730 |
5.650% |
$1.860 |
35.30% |
Retail (16) + Office |
| Keppel DC REIT |
Q1 – Mar17 |
$1.240 |
1.890 |
5.613% |
$0.943 |
27.90% |
Data Centres – 12 + 1 (Under Devt) |
| SPHREIT |
Q2 – Feb17 |
$0.985 |
1.4000 |
5.594% |
$0.940 |
25.70% |
Retail (2) |
| Frasers Cpt Tr |
Q2 – Mar17 |
$2.110 |
3.040 |
5.585% |
$1.930 |
29.40% |
Retail (6) + 31.17% of Hektar (MREIT) |
| Keppel Reit |
Q1 – Mar17 |
$1.060 |
1.450 |
5.472% |
$1.420 |
38.40% |
Office (8) : Singapore (89%) + Australia (11%) by Asset Value |
| Mapletree Com Tr |
Q4 – Mar17 |
$1.595 |
2.260 |
5.404% |
$1.380 |
36.30% |
Retail + Office |
| Fortune Reit HKD |
2H – Dec16 |
$9.060 |
24.450 |
5.397% |
$12.900 |
29.50% |
Retail (HK) – 17 |
| ParkwayLife Reit |
Q1 – Mar17 |
$2.560 |
3.280 |
4.781% |
$1.680 |
37.60% |
Hospitals + Nursing Homes = 49 : Singapore 60% + Japan 40% by Gross Revenue |
| Saizen REIT |
2H – Jun15 |
$0.035 |
2.930 |
0.000% |
$1.210 |
35.00% |
Residential (Japan) – 136 |
NOTES :
- Mkt Price is as on 28-Apr-17
- VIT : Annualised DPU = 7.519ct
- YTL StarHill : Above Yield is Computed using last 4Qs DPU : 5.03ct = 1.26ct (Dec16) + 1.30ct (Sep16) + 1.29ct (Jun16) + 1.18ct (Mar17)
- AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 11.05ct = 2.77ct (Dec16) + 2.75ct (Sep16) + 2.75ct (Jun16) + 2.78ct (Mar17)
- MGCCT : Above Yield is Computed Using latest 4Qs DPU = 7.341ct = 3.61ct (1H17) + 3.731ct 2H17)
- Suntec : Above Yield is Computed Using latest 4Qs DPU = 10.057ct = 2.596ct (Q416) + 2.535ct (Q316) + 2.501ct (Q216) + 2.425ct (Q117)
- CDL H-Trust : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield is Computed using last 4Qs DPU : 10.2ct = 2.42ct (Q117) + 5.55ct (2H16) + 2.23ct (Q216)
- A-REIT : DPU Payout = 1.959ct (16-Feb-17 to 31-Mar-17) as Advanced DPU = 5.886ct (1-Oct-16 to 15-Feb-17) Already Paid ; Above Yield is Computed Using latest 4Qs DPU = 15.636ct = 7.791ct (1H17) + 3.993ct (Q317) + 3.852ct (Q417)
- MCT : Above Yield is Computed using last 4Qs DPU : 8.62ct = 2.28ct (Dec16) + 2.05ct (Sep16) + 2.03ct (Jun16) + 2.26ct (Mar17)
- PLife : Above Yield is Computed Using Recurring DPU = 3.06ct ie Excl. 0.22ct Divestment Gain (1st of 4 Tranches)
- FCT : Above Yield is Computed using last 4Qs DPU : 11.785ct = 2.89ct (Dec16) + 2.815ct (Sep16) + 3.040ct (Jun16) + 3.040ct (Mar17) ; Jun16 DPU Incl. $2.1M Retained in Prior Qs
- Cambridge : Annualised DPU = 4.016ct
- CRCT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield Uses Latest 4Qs DPU = 4.73ct (2H16) + 2.61ct (Q216) + 2.74ct (Q117) = 10.08ct
- AscottREIT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield Uses Latest 4Qs DPU = 4.392ct (2H16) + 2.115ct (Q216) + 2.74ct (Q117) = 8.017ct
- FCOT : Annualised DPU = 10.16ct ; Includes $867k from Capital Gains (Hotel)
- CLT : Annualised DPU = 7.3ct
- CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar17) + 2.88ct (Dec16) + 2.78ct (Sep16) + 2.74ct (Jun16) = 11.13ct
- CCT : DPU Not Paid as Semi-Annual Payout Policy
- Keppel DC REIT : DPU Not Paid as Semi-Annual Payout Policy ; Above Uses DPU = 1.74ct (Excludes One-Off Capital Distribution = 0.15ct) for Yield Computation
- FirstREIT : Annualised DPU = 8.68ct
- SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.34ct (Nov16) + 1.41ct (Aug16) + 1.36ct (May16) + 1.40ct (Feb17) =5.51ct
- IREIT Global : DPU 100% Hedged @ €1 : S$1.55 for FY17
- EC World : Annualised DPU = 5.82ct
- FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.33ct = 1.12ct (Dec16) + 1.12ct (Sep16) + 1.01ct (Jun16) + 1.08ct (Mar16)
- Manulife REIT : DPU = US 3.55ct (20-May-16 to 31-Dec-16)
- FLT : DPU Not Paid as Semi-Annual Payout Policy
- A-HTrust : Above Yield is Computed Using latest 4Qs DPU = 5.61ct = 1.64ct (Q317) + 2.67ct (1H17) + 1.3ct (Q416) ; DPU Not Paid as Semi-Annual Payout Policy
- FHT : DPU Not Paid as Semi-Annual Payout Policy
- OUE C-REIT : Above Yield is Computed using last 4Qs DPU : 5.18ct = 2.5ct (2H16) + 2.68ct (1H16)
- Sabana : Annualised DPU = 3.5ct
- 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 |
Q4 – Dec16 |
$0.103 |
0.00 |
0.000% |
$0.390 |
Shipping Trust |
| RickmersMaritime |
Q4 – Dec16 |
$0.026 |
0.00 |
0.000% |
$0.210 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3969 : US$1 fm Yahoo Finance)
- Rickmers : DPU Suspended fm Q315 ; Trading suspension on 15 Nov 2016, pending resolution of restructuring efforts
Suspends
- 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 |
Q1 – Mar17 |
$0.520 |
0.930 |
7.154% |
$0.311 |
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 |
2H – Dec16 |
$0.405 |
16.600 |
9.714% |
HK$4.57 |
Ports – HK (40%) + China (60%) by Revenue |
| RHT HealthTrust |
Q3 – Dec16 |
$0.945 |
1.250 |
5.291% |
$0.838 |
India – Healthcare (18) |
| Croesus Rtrust |
1H – Dec16 |
$0.975 |
3.600 |
7.323% |
Y77.89 |
Japan – Retail (11) |
| Asian Pay TV Tr |
Q4 – Dec16 |
$0.515 |
1.625 |
12.621% |
$0.850 |
Taiwan PayTV |
| Accordia Golf Tr |
1H – Sep16 |
$0.745 |
2.450 |
9.074% |
$1.010 |
Japan Golf Courses – 89 |
| Dasin Retail Tr |
FY17 – IPO |
$0.805 |
6.800 |
8.447% |
$1.023 |
China – Retail |
NOTES :
- HPH Trust : DPU Not Declared as Semi-Annual Payout Policy ; DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7782 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun16) = HK14.0ct + 2H (Dec16) = HK16.6ct
- APTT : Above Yield uses DPU = 6.5ct as FY17 Guidance = 6.5ct ie 1.625ct / Q
- CroesusRT : Exchange Rate Y100 = S$1.2497 ; Annualised DPU = 7.14ct ; Hedged Rate –FY16 @ Y83.57 ; FY17 @ Y76.39 ; 1H FY18 @ Y71.05
- 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)
- APTT : FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
- 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