May 2017

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Results Announcement

  • 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
  • 11 May 17 : A-HTrust
  • 12 May 17 (AM) : APTT
  • 12 May 17 (AM) : FE-HTrust
  • 12 May 17 (AM) : CRT
  • 12 May 17 : BHG
  • 22 May 17 (AM) : RHT
  • 25 May 17 : Accordia

 
 

 
 

 
 

 
 

REITs : Average Yield = 6.788% (Excludes Saizen)

REIT

Period

Mkt

DPU cts

Yield

NAV

Gearing

Assets Type

Viva Ind Tr

Q1 – Mar17

$0.840

1.854

8.951%

$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

$0.685

1.4890

8.695%

$0.720

37.50%

Industrial (12) : Business Park 31% + Industrial 69% by NPI

Lippo Malls Tr

Q1 – Mar17

$0.415

0.890

8.578%

$0.374

32.20%

Retail (Indonesia) – 20

Sabana REIT

Q1 – Mar17

$0.420

0.8800

8.500%

$0.590

36.10%

Industrial (21)

Cache Log Trust

Q1 – Mar17

$0.885

1.800

8.249%

$0.780

43.10%

Industrial (19) : Singapore (84%) + Australia (15%) + China (1%) by Gross Revenue

EC World Reit

Q1 – Mar17

$0.785

1.5410

7.962%

$0.900

28.60%

Port, Warehouse & e-Commerce Infrastructure in China

BHG Retail Reit

Q1 – Mar17

$0.705

1.390

7.887%

$0.820

32.50%

Retail (China) – 5

AIMSAMP Cap Reit

Q4 – Mar17

$1.420

2.7800

7.782%

$1.390

36.10%

Industrial (27) : Singapore + Australia

IREIT Global

Q1 – Mar17

$0.750

1.440

7.680%

$0.652

42.10%

Offices : Germany (5)

ManulifeREIT USD

Q1 – Mar17

$0.875

1.6500

7.543%

$0.830

34.20%

Offices : USA (3)

OUE Htrust

Q1 – Mar17

$0.710

1.300

7.324%

$0.760

38.10%

Hotel (78%) + Retail (22%) by NPI

Frasers Com Tr

Q2 – Mar17

$1.390

2.5057

7.309%

$1.540

35.90%

Singapore (50.8%) + Australia (49.2%) by NPI

Ascendas-hTrust

2H – Mar17

$0.780

3.010

7.282%

$0.920

32.20%

Hotels (11) : Australia (51%) + Japan (29%) + Singapore (14%) + China (6%) by NPI

OUE Com Reit

Q1 – Mar17

$0.700

1.2300

7.271%

$0.860

36.20%

Office (82.6%) + Retail (17.4%) ; Singapore (79.9%) + China (20.1%) by Revenue

FHT

1H – Mar17

$0.710

2.532

7.133%

$0.768

33.40%

Hotel (9) + Serviced Apt (6) : Australia (47%) + Singapore (23%) + UK (11%) + Japan (8%) + Malaysia (6%) + Germany (5%) by NPI

Ascott Reit

Q1 – Mar17

$1.125

1.5100

7.126%

$1.270

41.10%

Serviced Apts (90) : Key Mkt (87.8%) + R.O.W (12.2%) by Valuation

Cambridge Ind Tr

Q1 – Mar17

$0.575

1.004

6.984%

$0.634

37.80%

Industrial (49)

Frasers L&I Tr

1H – Mar17

$1.005

3.4900

6.945%

$0.950

28.90%

Industrial (Australia) – 54

Mapletree GCC Tr

2H – Mar17

$1.065

3.731

6.893%

$1.301

39.20%

Retail + Office : HK (69.3%) + China (30.7%) by NPI ; Retail (61.7%) + Office (36.6%) by NPI

Far East HTrust

Q1 – Mar17

$0.635

0.9300

6.583%

$0.903

32.30%

Hotels (65.2%) + Commercial (23.1%) + Serviced Apts (11.7%) by Revenue

First REIT

Q1 – Mar17

$1.320

2.140

6.576%

$1.006

31.00%

Hospitals (13 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

StarhillGbl Reit

Q3 – Mar17

$0.775

1.1800

6.490%

$0.910

35.30%

Retail + Office : Singapore (62.5%) + Australia (23.0%) + Malaysia (12.5%) + Others (2.0%) by Revenue

CapitaR China Tr

Q1 – Mar17

$1.555

2.740

6.482%

$1.550

36.40%

Retail (China) – 11

Mapletree Log Tr

Q4 – Mar17

$1.170

1.8600

6.359%

$1.020

38.50%

Industrial (127)

Mapletree Ind Tr

Q4 – Mar17

$1.825

2.880

6.312%

$1.410

29.20%

Industrial (86)

CDL Htrust

Q1 – Mar17

$1.625

2.420

6.277%

$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

Ascendas Reit

Q4 – Mar17

$2.620

3.852

5.968%

$2.040

33.80%

Industrial (129) : Singapore (86%) + Australia (14%) by Valuation

CapitaCom Trust

Q1 – Mar17

$1.660

2.4000

5.783%

$1.720

38.10%

Office (73%) + Retail (17%) + Hotel (10%) by Gross Rental Income

CapitaMall Trust

Q1 – Mar17

$1.990

2.730

5.593%

$1.860

35.30%

Retail (16) + Office

Mapletree Com Tr

Q4 – Mar17

$1.545

2.2600

5.579%

$1.380

36.30%

Retail + Office

Frasers Cpt Tr

Q2 – Mar17

$2.120

3.040

5.559%

$1.930

29.40%

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

SPHREIT

Q2 – Feb17

$1.000

1.4000

5.510%

$0.940

25.70%

Retail (2)

Suntec Reit

Q1 – Mar17

$1.835

2.425

5.481%

$2.120

37.70%

Office (69%) + Retail (28%) + Convention (3%) by Income

Keppel DC REIT

Q1 – Mar17

$1.295

1.8900

5.375%

$0.943

27.90%

Data Centres – 12 + 1 (Under Devt)

Keppel Reit

Q1 – Mar17

$1.105

1.450

5.249%

$1.420

38.40%

Office (8) : Singapore (89%) + Australia (11%) by Asset Value

Fortune Reit HKD

2H – Dec16

$9.360

24.450

5.224%

$12.900

29.50%

Retail (HK) – 17

ParkwayLife Reit

Q1 – Mar17

$2.620

3.280

4.672%

$1.680

37.60%

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-May-17
  • 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)
  • Sabana : Annualised DPU = 3.57ct
  • Manulife REIT : DPU Not Paid as Semi-Annual Payout Policy
  • 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
  • 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
  • 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

$0.082

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$1.3833 : 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

$0.545

0.930

6.826%

$0.311

Infrastructure

Ascendas-iTrust

2H – Mar17

$1.105

2.960

5.357%

$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

9.699%

HK$4.57

Ports – HK (40%) + China (60%) by Revenue

RHT HealthTrust

Q3 – Dec16

$0.890

1.250

5.618%

$0.838

India – Healthcare (18)

Croesus Rtrust

Q3 – Mar17

$1.015

2.050

8.187%

Y76.43

Japan – Retail (11)

Asian Pay TV Tr

Q1 – Mar17

$0.580

1.625

11.207%

$0.870

Taiwan PayTV

Accordia Golf Tr

2H – Mar17

$0.735

3.590

8.218%

$0.910

Japan Golf Courses – 89

Dasin Retail Tr

FY17 – IPO

$0.800

6.800

8.500%

$1.023

China – Retail

NOTES :

  • CroesusRT : Exchange Rate Y100 = S$1.2475 ; Annualised DPU = 8.31ct ; Hedged Rate – FY17 @ Y83.57 ; FY18 @ Y76.39 ; FY19 @ Y72.72
  • HPH Trust : DPU Not Declared as Semi-Annual Payout Policy ; DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.79 : 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
  • 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

Month End Prices – 2017

Posted on by

REIT

Dec

Jan

Feb

Mar

Apr

May

A-HTrust

S$0.705

S$0.735

S$0.755

S$0.780

S$0.780

S$0.780

A-REIT

S$2.270

S$2.460

S$2.500

S$2.520

S$2.560

S$2.620

AIMSAMPIReit

S$1.310

S$1.360

S$1.355

S$1.385

S$1.395

S$1.420

AscottREIT

S$1.130

S$1.135

S$1.165

S$1.085

S$1.095

S$1.125

BHG REIT

S$0.655

S$0.650

S$0.665

S$0.740

S$0.715

S$0.705

Cambridge

S$0.540

S$0.565

S$0.575

S$0.580

S$0.585

S$0.575

CapitaRChina

S$1.370

S$1.420

S$1.425

S$1.480

S$1.590

S$1.555

CCT

S$1.480

S$1.525

S$1.560

S$1.545

S$1.625

S$1.660

CDL HTrust

S$1.340

S$1.415

S$1.415

S$1.435

S$1.550

S$1.625

CLT

S$0.810

S$0.810

S$0.820

S$0.845

S$0.865

S$0.885

CMT

S$1.885

S$1.940

S$1.970

S$1.970

S$1.970

S$1.990

EC World

S$0.760

S$0.710

S$0.740

S$0.755

S$0.760

S$0.785

FE-HTrust

S$0.600

S$0.600

S$0.585

S$0.600

S$0.600

S$0.635

FHT

S$0.650

S$0.665

S$0.685

S$0.710

S$0.730

S$0.710

First REIT

S$1.265

S$1.270

S$1.285

S$1.310

S$1.350

S$1.320

FLT

S$0.925

S$0.940

S$0.975

S$0.985

S$1.010

S$1.005

Fortune

HK$8.610

HK$9.020

HK$8.610

HK$8.700

HK$9.060

HK$9.360

FrasersComm

S$1.260

S$1.255

S$1.270

S$1.280

S$1.340

S$1.390

FrasersCT

S$1.900

S$2.000

S$2.000

S$2.110

S$2.110

S$2.120

IREIT Global

S$0.715

S$0.735

S$0.755

S$0.725

S$0.745

S$0.750

Keppel DC REIT

S$1.020

S$1.010

S$1.035

S$1.050

S$1.060

S$1.105

Keppel REIT

S$1.185

S$1.195

S$1.180

S$1.200

S$1.240

S$1.295

LMIR

S$0.370

S$0.390

S$0.390

S$0.395

S$0.425

S$0.415

Manulife

S$0.825

S$0.855

S$0.840

S$0.840

S$0.840

S$0.875

MCT

S$1.395

S$1.530

S$1.500

S$1.530

S$1.595

S$1.545

MGCT

S$0.950

S$0.955

S$0.985

S$1.020

S$1.070

S$1.065

MIT

S$1.645

S$1.645

S$1.665

S$1.780

S$1.790

S$1.825

MLT

S$1.020

S$1.050

S$1.075

S$1.095

S$1.130

S$1.170

OUE C-REIT

S$0.695

S$0.700

S$0.700

S$0.705

S$0.700

S$0.700

OUE H-Trust

S$0.660

S$0.695

S$0.695

S$0.690

S$0.720

S$0.710

PLife

S$2.360

S$2.430

S$2.430

S$2.520

S$2.560

S$2.620

Sabana

S$0.380

S$0.385

S$0.435

S$0.505

S$0.455

S$0.420

Saizen

S$0.051

S$0.051

S$0.051

S$0.026

S$0.035

S$0.033

SB REIT

S$0.640

S$0.635

S$0.645

S$0.675

S$0.665

S$0.685

SPH REIT

S$0.950

S$0.970

S$0.970

S$0.980

S$0.985

S$1.000

StarHill Gbl

S$0.740

S$0.765

S$0.740

S$0.755

S$0.770

S$0.775

Suntec

S$1.650

S$1.730

S$1.730

S$1.790

S$1.770

S$1.835

VIT

S$0.755

S$0.765

S$0.765

S$0.795

S$0.815

S$0.840