January 2013
Results Announcement
- 15 Jan 13 (AM) : A-REIT (Tables Updated)
- 17 Jan 13 : Sabana (Tables Updated)
- 17 Jan 13 : MLT (Tables Updated)
- 18 Jan 13 (AM) : Cambridge (Tables Updated)
- 18 Jan 13 (AM) : CMT (Tables Updated)
- 21 Jan 13 : KGT (Table Updated)
- 21 Jan 13 : FSL (Table Updated)
- 21 Jan 13 : CLT (Tables Updated)
- 21 Jan 13 : Kep REIT (Tables Updated)
- 22 Jan 13 : a-iTrust (Table Updated)
- 22 Jan 13 : FCT (Tables Updated)
- 22 Jan 13 : Suntec (Tables Updated)
- 22 Jan 13 : MIT (Tables Updated)
- 23 Jan 13 (AM) : CCT (Tables Updated)
- 23 Jan 13 : ART (Tables Updated)
- 23 Jan 13 : FirstREIT (Tables Updated)
- 24 Jan 13 : Fortune (Tables Updated)
- 24 Jan 13 : MCT (Tables Updated)
- 25 Jan 13 : PLife (Tables Updated)
- 25 Jan 13 : FCOT (Tables Updated)
- 28 Jan 13 : A-HTrust (Tables Updated)
- 29 Jan 13 : StarHill (Tables Updated)
- 29 Jan 13 : CDL H-Trust (Tables Updated)
- 31 Jan 13 (AM) : AIMSAMPReit (Tables Updated)
- 1 Feb 13 : CRCT
- 6 Feb 13 : FE-Htrust
- 7 Feb 13 : LMIR
- 8 Feb 13 (AM) : Saizen
- 8 Feb 13 : CitySpring
- 14 Feb 13 (AM) : PCRT
-
27 Feb 13 (AM) : TCT
REITs : Average Yield = 5.791%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Sabana REIT |
Q4 – Dec12 |
2.410 |
$1.175 |
8.162% |
$1.070 |
37.60% |
Industrial |
|
AscendasHT |
Q3 – Dec12 |
1.770 |
$0.980 |
7.224% |
$0.780 |
35.80% |
Hotels : Australia (71%) + Japan (25%) + China (4%) |
|
Cambridge |
Q4 – Dec12 |
1.229 |
$0.710 |
6.886% |
$0.647 |
38.60% |
Industrial |
|
CACHE |
Q4 – Dec12 |
2.154 |
$1.260 |
6.801% |
$0.930 |
31.70% |
Industrial |
|
MapletreeInd |
Q3 – Dec12 |
2.320 |
$1.370 |
6.774% |
$1.020 |
37.10% |
Industrial |
|
AIMSAMPI Reit |
Q3 – Dec12 |
2.580 |
$1.585 |
6.511% |
$1.469 |
33.60% |
Industrial |
|
SaizenREIT |
2H – Jun12 |
0.630 |
$0.194 |
6.495% |
$0.300 |
31.40% |
Residential (Japan) |
|
AscottREIT |
2H – Dec12 |
4.238 |
$1.385 |
6.321% |
$1.350 |
40.10% |
Serviced Apts (Regional) |
|
First REIT |
Q4 – Dec12 |
1.720 |
$1.070 |
6.150% |
$0.827 |
27.10% |
Hospitals + Hotel (Indonesia) |
|
MapletreeLog |
Q3 – Dec12 |
1.720 |
$1.170 |
5.880% |
$0.880 |
35.90% |
Industrial |
|
Kep REIT |
Q4 – Dec12 |
1.970 |
$1.370 |
5.752% |
$1.300 |
42.90% |
Office |
|
Ascendasreit |
Q3 – Dec12 |
3.620 |
$2.530 |
5.723% |
$1.880 |
32.80% |
Industrial |
|
CDL Htrust |
2H – Dec12 |
5.620 |
$2.020 |
5.564% |
$1.610 |
24.90% |
Hotels : Singapore (82.5%) + Australia (13%) + NZ (4.5%) |
|
LippoMalls |
Q3 – Sep12 |
0.730 |
$0.525 |
5.562% |
$0.528 |
22.70% |
Retail (Indonesia) |
|
SuntecReit |
Q4 – Dec12 |
2.326 |
$1.695 |
5.489% |
$2.044 |
36.70% |
Retail + Office |
|
CapitaRChina |
Q3 – Sep12 |
2.420 |
$1.755 |
5.487% |
$1.250 |
30.40% |
Retail (China) |
|
Far East HTrust |
FY12 – IPO |
2.320 |
$1.045 |
5.331% |
$0.930 |
30.50% |
Hotels + Serviced Apts |
|
Starhill Gbl |
Q4 – Dec12 |
1.130 |
$0.845 |
5.325% |
$0.960 |
30.30% |
Retail + Office |
|
MapletreeCom |
Q3 – Dec12 |
1.667 |
$1.335 |
4.951% |
$1.055 |
35.30% |
Retail + Office |
|
FrasersCT |
Q1 – Dec12 |
2.400 |
$1.940 |
4.948% |
$1.530 |
30.10% |
Retail |
|
CapitaComm |
2H – Dec12 |
4.080 |
$1.665 |
4.901% |
$1.620 |
30.10% |
Office (63%) + Retail (22%) + Hotel (15%) |
|
Fortune Reit HK$ |
2H – Dec12 |
16.530 |
$6.910 |
4.784% |
$8.810 |
23.40% |
Retail (HK) |
|
Frasers Comm |
Q1 – Dec12 |
1.583 |
$1.335 |
4.704% |
$1.500 |
29.20% |
Office + Retail |
|
PLife REIT |
Q4 -Dec12 |
2.690 |
$2.330 |
4.618% |
$1.550 |
32.90% |
Hospitals |
|
CapitaMall |
Q4 – Dec12 |
2.360 |
$2.120 |
4.429% |
$1.640 |
36.70% |
Retail + Office |
NOTES :
- Mkt Price is as on 31-Jan-13
- AIMSAMPReit : The DPU of 2.58 cents includes an amount of 0.05 cents resulting from a tax adjustment in relation to FY2008 and FY2009 upon finalisation of the Trust’s Years of Assessment 2009 and 2010 with IRAS
- StarHill Global : Annualised DPU = 4.5ct
- A-HTrust : DPU = 1.55ct (if no sponsor waiver) ; DPU Not Paid as Semi-Annual Policy
- FCOT : Annualised DPU = 6.28ct
- PLife : Annualised DPU = 10.76ct
- FirstREIT : Q4 DPU = 0.7ct (26-Nov-12 to 31-Dec-12) + 1.02ct (1-Oct-12 to 25-Nov-12) Already Paid ; Annualised DPU = 6.58ct
- ART : Yield Computed Using 1H DPU = 4.517ct + 2H DPU = 4.238ct
- CLT : Annualised DPU = 8.569ct
- CMT : Annualised DPU Payout = 9.39ct ; DPU = 0.81ct (30-Nov-12 to 31-Dec-12) + Advanced DPU Paid = 1.55ct (1-Oct-12 to 29-Nov-12)
- Cambridge : Annualised DPU = 4.889ct
- Sabana : Annualised DPU = 9.59ct
- Saizen : No DPU Payout as Semi-Annual Payout Policy
- Fortune :No DPU Payout as Semi-Annual DPU Payout Policy
- CCT : Annualised DPU = 8.12ct
- CRCT : Annualised DPU Payout = 9.63ct ; DPU Not Paid as Semi-Annual Payout Policy
- FE-HTrust : IPO Prospectus ; DPU : FY12 = 2.32ct (Forecast Period 1-Aug-12 to 31-Dec-12 ; Entitlement only from Listing Date) / FY13 = 5.83ct ; Yield : FY12 = 5.99% / FY13 = 6.27% ; Gearing = 30.5% ; NAV = $0.93 ; Listing on 27-Aug-12 2pm
- A-HTrust : Listing on 27-Jul-12 2pm ; FY13 DPU = 4.61ct (27 Jul 12 to 31 Mar 13) incl. Waiver of 0.61ct from Sponsor entitlement ; FY14 DPU = 7.07ct ; Gearing = 37.6% Post-IPO Acquisition of Ibis Beijing SanYuan; IPO Prospectus
- FCT : A total of $2.3 million has been retained in 1H12 (1Q12: $1.6 million + 2Q12: $0.7 million) + 3Q12 : $1.172 million
- A-REIT : Private Placement (3 May 12) – 150Mil @ $1.99 ; Listing on 14 May 12 2pm
- K-REIT : Proposed 17-for-20 Rights Issue @ $0.85 (17-Oct-11)
- LMIR : Proposed Rights 1-for-1 @ $0.31 ; SGX Annc (3-Oct-11) ; 1H11 Proforma – DPU 1.63ct ; NAV $0.5753 ; TERP $0.458 (Mkt $0.605)
- AIMSAMPI Reit : 5-to-1 Stocks Consolidation on 29-Sep-11
- MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm
- FCOT : 5-to-1 Stocks Consolidation on 8-Feb-11 ; Circular (30-Dec-10) : Proforma FY10 (Sep) – DPU 5.55ct ; NAV $1.38 ; Issued Shares 620,857,225
- FirstREIT : Proposed Rights 5-for-4 @ $0.50 ; SGX Annc (10-Nov-10) ; FY11 Forecast – DPU 6.4ct ; NAV $0.76 ; Gearing 17.25% ; TERP $0.70 (Mkt $0.95)
- Sabana : Forecast DPU FY11 = 8.63ct ; FY12 = 8.67ct ; Listed on 26 Nov 10 2pm @ $1.05
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q4 – Dec12 |
0 |
$0.138 |
0.000% |
$0.480 |
Shipping Trust |
|
Rickmers |
Q3 – Sep12 |
0.6 |
$0.370 |
8.030% |
$0.990 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2379:US$1 fm Yahoo Finance)
- Rickmers : 10% Payout (of Cash flow available for distribution before payment to debt capital providers)
- FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13
Other Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
CitySpring |
Q2 – Sep12 |
0.82 |
$0.455 |
7.209% |
$0.210 |
Infrastructure – Water + Gas + Power |
|
K-Green |
2H – Dec12 |
7.82 |
$1.045 |
7.483% |
$1.010 |
Energy (Incineration) + Water (NEWater) |
|
AscendasIndT |
1H – Sep12 |
2.5 |
$0.820 |
5.857% |
$0.610 |
India – Industrial Park |
|
Indiabulls |
1H – Sep12 |
0.0184 |
$0.126 |
0.292% |
$0.426 |
India – Office |
|
HPH Trust US$ |
FY12 – IPO |
6.59 |
$0.820 |
8.037% |
HK$7.58 |
Ports – HK + China |
|
TCT |
Q3 – Sep12 |
— |
$1.650 |
0.000% |
$4.090 |
China – Retail + Office + Industrial |
|
PerennialCRT |
Q3 – Sep12 |
0.97 |
$0.620 |
6.226% |
$0.650 |
China Retail |
|
Religare |
FY13 – IPO |
4 |
$0.905 |
8.840% |
$0.870 |
India – Healthcare |
NOTES :
- Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
- a-iTrust : Q3 DPU = 1.34ct (90% Payout) ; Not Paid Out as Semi-Annual Policy
- PCRT : Annualised DPU = 3.86ct ; DPU Includes $21.217Mil Additional Income (To Be Drawn from Earn-Out Fund) ; No DPU Payout as Semi-Annual Payout Policy
- a-iTrust : 1-Apr-12 to 8-Oct-12 ; 1H DPU = 2.4ct (90% Payout)
- HPH-Trust : No DPU Payout as Semi-Annual Payout Policy
- Indiabulls : Maiden DPU Declared since Listing on 11-Jun-08
- TCT : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
- HPH Trust : 1H12 DPU Payout = HK24.05ct ; Above Table Uses IPO Forecast to Compute Yield (Both DPU & Mkt Price in US$)
- K-Green : 1H12 DPU Payout = 3.13ct ; 2H11 DPU Payout = 4.69ct ; Above Table Uses 2H11 + 1H12 DPU = 7.82ct to Calculate Yield
- CitySpring : Guidance for FY13 DPU = 3.28ct ie 0.82ct / Q
- CitySpring : Proposed 11-for-20 Rights Issue @ $0.39. TERP = $0.4835 @ $0.535 (Mkt Price) ; Annualised Yield (Profroma 2FY11) = 6.8% @ TERP (Before Rights = 8.4% @ $0.535)
- PCRT : IPO DPU Forecast – FY11 = 2.35ct ; FY12 = 3.86ct ; Semi-Annual Dividend Payout with 1st Payout for Dec-11 ; Listing on 9-Jun-11 2pm
- HPH Trust : IPO DPU Forecast – FY11 = US5.9ct (HK45.88ct) ; FY12 = US6.59ct (HK51.24ct)
- Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
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