September 2013
REITs : Average Yield = 6.568%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Sabana REIT |
Q2 – Jun13 |
2.400 |
$1.075 |
8.958% |
$1.060 |
37.10% |
Industrial (21) |
|
LippoMalls |
Q2 – Jun13 |
0.930 |
$0.435 |
8.552% |
$0.567 |
24.20% |
Retail (Indonesia) |
|
SoilbuildBizREIT |
FY13 – IPO |
4.370 |
$0.745 |
7.821% |
$0.800 |
29.90% |
Business Park (2) + Industrial (5) |
|
Cambridge |
Q2 – Jun13 |
1.240 |
$0.670 |
7.424% |
$0.670 |
35.80% |
Industrial (51) |
|
CACHE |
Q2 – Jun13 |
2.147 |
$1.180 |
7.298% |
$0.960 |
29.20% |
Industrial : Singapore (12) + Shanghai (1) |
|
MapletreeInd |
Q1 – Jun13 |
2.430 |
$1.350 |
7.200% |
$1.110 |
35.80% |
Industrial (83) |
|
OUE HT |
FY13 – IPO |
4.770 |
$0.885 |
7.154% |
$0.903 |
33.20% |
Hotel + Retail |
|
AscottREIT |
1H – Jun13 |
4.700 |
$1.260 |
7.094% |
$1.360 |
40.20% |
Serviced Apts : AsiaPacific (62%) + Europe (38%) |
|
Frasers Comm |
Q3 – Jun13 |
2.185 |
$1.260 |
6.968% |
$1.450 |
39.50% |
Office + Retail |
|
AscendasHT |
Q1 – Jun13 |
1.350 |
$0.780 |
6.923% |
$0.770 |
35.40% |
Hotels : Australia (70%) + Japan (20%) + China (10%) |
|
CapitaRChina |
1H – Jun13 |
4.690 |
$1.375 |
6.880% |
$1.420 |
23.50% |
Retail (China) – 9 |
|
SaizenREIT |
2H – Jun13 |
0.630 |
$0.184 |
6.848% |
$0.250 |
38.00% |
Residential (Japan) – 139 |
|
MapletreeLog |
Q1 – Jun13 |
1.800 |
$1.070 |
6.729% |
$0.920 |
34.00% |
Industrial (110) |
|
CDL Htrust |
1H – Jun13 |
5.410 |
$1.630 |
6.693% |
$1.600 |
29.70% |
Hotels : Singapore (79.5%) + Australia (12.2%) + NZ (4.1%) + Maldives (4.2%) |
|
AIMSAMPI Reit |
Q1 – Jun13 |
2.500 |
$1.500 |
6.667% |
$1.501 |
25.40% |
Industrial (25) |
|
First REIT |
Q2 – Jun13 |
1.850 |
$1.115 |
6.493% |
$0.897 |
33.40% |
Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3) |
|
Kep REIT |
Q2 – Jun13 |
1.970 |
$1.230 |
6.423% |
$1.270 |
44.20% |
Offices : Singapore (5) + Australia (4) |
|
Far East HTrust |
Q2 – Jun13 |
1.430 |
$0.915 |
6.251% |
$0.963 |
29.30% |
Hotels (68.3%) + Serviced Apts (15.7%) + Commercial (15.7%) |
|
Ascendasreit |
Q1 – Jun13 |
3.550 |
$2.280 |
6.228% |
$1.938 |
28.60% |
Industrial |
|
FrasersCT |
Q3 – Jun13 |
2.850 |
$1.845 |
6.179% |
$1.540 |
30.40% |
Retail (5) + 31.17% of Hektar (MREIT) |
|
MapletreeGCC |
Q1 – Jun13 |
1.734 |
$0.895 |
6.101% |
$0.949 |
41.50% |
Retail + Office (China + HK) |
|
Starhill Gbl |
Q2 – Jun13 |
1.190 |
$0.795 |
6.000% |
$0.880 |
30.30% |
Retail (89%) + Office (11%) |
|
Fortune Reit HK$ |
1H – Jun13 |
18.000 |
$6.080 |
5.921% |
$10.010 |
20.90% |
Retail (HK) |
|
MapletreeCom |
Q1 – Jun13 |
1.753 |
$1.215 |
5.771% |
$1.070 |
40.80% |
Retail + Office |
|
CapitaComm |
1H – Jun13 |
4.010 |
$1.450 |
5.579% |
$1.650 |
28.90% |
Office (65%) + Retail (21%) + Hotel (14%) |
|
SuntecReit |
Q2 – Jun13 |
2.249 |
$1.635 |
5.517% |
$2.037 |
36.50% |
Retail + Office |
|
CapitaMall |
Q2 – Jun13 |
2.530 |
$1.960 |
5.179% |
$1.680 |
34.90% |
Retail (15) + Office |
|
SPHREIT |
FY13 – IPO |
2.510 |
$0.975 |
5.149% |
$0.890 |
27.30% |
Retail (2) |
|
PLife REIT |
Q2 – Jun13 |
2.630 |
$2.350 |
4.477% |
$1.550 |
31.20% |
Hospitals + Nursing Homes = 37 |
NOTES :
- Mkt Price is as on 30-Sep-13
- SoilBuild Business Space REIT : IPO Prospectus ; DPU : FY13 = 4.37ct (1-Apr-13 to 31-Dec-13) / FY14 = 5.97ct ; Yield : FY13 = 7.47% / FY14 = 7.654% ; Gearing = 29.9% ; NAV = $0.80 ; Listing on 16-Aug-13 2pm
- A-HTrust : DPU = 1.29ct = 1.03ct (1-Apr-13 to 9-Jun-13) + 0.26ct (10-Jun-13 to 30-Jun-13) ; DPU Not Paid as Semi-Annual Policy ; Above Table Uses DPU = 1.35ct (Exclude Dilution from Park Hotel Acquisition)
- FE-HTrust : Actual Payout = 1.9ct (1-Apr-13 to 31-Jul-13)
- PLife : Annualised DPU = 10.52ct
- MGCT : DPU Not Paid as Semi-Annual Policy ; Annualised DPU = 5.46ct (DPU from 7-Mar-13 to 30-Jun-13)
- FirstREIT : Annualised DPU = 7.24ct ; DPU = 0.86ct (22-May-13 to 30-Jun-13) + 0.99ct (1-Apr-13 to 21-May-13) Already Paid
- CDL H-Trust : Annualised DPU = 10.91ct
- OUE H-Trust : IPO Prospectus ; DPU : FY13 = 4.77ct (1-Apr-13 to 31-Dec-13) / FY14 = 6.57ct ; Yield : FY13 = 7.194% / FY14 = 7.466% ; Gearing = 33.2% ; NAV = $0.903 ; Listing on 25-Jul-13 2pm
- AIMSAMPReit : DPU = 1.65ct (2-May-13 to 30-Jun-13) + 0.85ct (1-Apr-13 to 1-May-13) Advanced DPU Paid ; DPU = 2.78ct (if use 449,399,302 Units on issue as at 31 March 2013 before placement in May 2013)
- FCOT : Annualised DPU = 8.78ct
- CLT : Annualised DPU = 8.612ct
- SPH REIT : IPO Prospectus ; DPU : FY13 (Aug) = 2.51ct (1-Mar-13 to 31-Aug-13) / FY14 (Aug) = 5.21ct ; Yield : FY13 = 5.578% / FY14 = 5.789% ; Gearing = 27.3% ; NAV = $0.88 ; Listing on 24-Jul-13 2pm
- Cambridge : Annualised DPU = 4.974ct ; DPU = 1.127ct (Capital) + 0.095ct (Capital Gains) due to $13.9Mil Performance Fee payable in cash
- StarHill Global : Annualised DPU = 4.77ct
- FCT : DPU includes 1H retained cash of 0.05 cents per unit
- ART : Yield Computed Using 1H13 DPU = 4.7ct + 2H12 DPU = 4.238ct ; Actual DPU = 4.081ct (6-Feb-13 to 30-Jun-13) + Advanced DPU = 0.617ct (1-Jan-13 to 5-Feb-13) Already Paid
- Suntec : Annualised DPU = 9.021ct ; Includes Capital = 0.345ct
- CMT : Annualised DPU = 10.15ct
- MLT : Includes 0.2ct Divestment Gain (for next 8 Qs)
- CRCT : Annualised DPU = 9.46ct
- Sabana : Annualised DPU = 9.63ct
- CCT : Annualised DPU = 8.09ct
- KepREIT : Annualised DPU = 7.9ct
- Saizen : DPU Not Paid as Semi-Annual Policy
- Fortune : DPU Not Paid as Semi-Annual Policy
- MGCT : IPO Prospectus ; DPU : FY14 (Mar) = 5.24ct / FY15 (Mar) = 5.69ct ; Yield : FY14 = 5.634% / FY15 = 6.118% ; Gearing = 43% ; NAV = $0.91 ; Listing on 7-Mar-13 2pm
- 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
- A-REIT : Private Placement (3 May 12) – 150Mil @ $1.99 ; Listing on 14 May 12 2pm
- MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q2 – Jun13 |
0 |
$0.099 |
0.000% |
$0.480 |
Shipping Trust |
|
Rickmers |
Q2 – Jun13 |
0.6 |
$0.285 |
10.573% |
$0.620 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2555:US$1 fm Yahoo Finance)
- Rickmers : 16% Payout (of Cash flow available for distribution before payment to debt capital providers)
- FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13
Other Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
CitySpring |
Q1 – Jun13 |
0.82 |
$0.470 |
6.979% |
$0.230 |
Infrastructure – Water + Gas + Power |
|
K-Green |
1H – Jun13 |
7.82 |
$1.010 |
7.743% |
$0.990 |
Energy (Incineration) + Water (NEWater) |
|
AscendasIndT |
Q1 – Jun13 |
1.14 |
$0.625 |
7.296% |
$0.600 |
India – Industrial Park |
|
Indiabulls |
2H – Mar13 |
0.0166 |
$0.089 |
0.373% |
$0.359 |
India – Office |
|
HPH Trust US$ |
1H – Jun13 |
18.7 |
$0.780 |
6.184% |
HK$7.35 |
Ports – HK + China |
|
ForterraTr |
1H – Jun13 |
— |
$2.250 |
0.000% |
$4.540 |
China – Retail + Office + Industrial |
|
PerennialCRT |
1H – Jun13 |
1.9 |
$0.530 |
7.226% |
$0.740 |
China Retail |
|
Religare |
FY13 (Mar) |
3.55 |
$0.795 |
9.938% |
$0.834 |
India – Healthcare |
|
Croesus RTr |
FY14 – IPO |
7.39 |
$0.870 |
8.494% |
$0.906 |
Japan – Retail |
|
Asian Pay TV Tr |
FY13 – IPO |
7.29 |
$0.815 |
10.123% |
$0.934 |
Taiwan PayTV |
NOTES :
- Indiabulls : No DPU as Semi-Annual Policy
- Religare : Q114 (Jun13) no DPU payout as Semi-Annual Payout Policy ; Distributable Income = $11.352Mil or 1.44ct / Unit
- APTT : Above Yield uses FY14 (IPO Projection) DPU = 8.25ct ; DPU Payout = 4.8ct ; 2H DPU Payout = 4.13ct as per IPO Prospectus of $128.3Mil ie 8.93ct
- PCRT : Annualised DPU = 3.83ct
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7543:US$1 fm Yahoo Finance)
- a-iTrust : No DPU Payout as Semi-Annual Payout Policy ; Above DPU is based on 90% Payout
- K-Green : 1H13 DPU Payout = 3.13ct ; 2H12 DPU Payout = 4.69ct ; Above Table Uses 2H12 + 1H13 DPU = 7.82ct to Calculate Yield
- APTT : Prospectus ; IPO @ $0.97 ; FY13 DPU = 7.29ct Yield = 7.51% ; FY14 DPU = 8.25ct Yield = 8.51% ; List on 29-May-13 2pm
- Religare : DPU = 3.55ct (19-Oct-13 to 31-Mar-13) or 2.554ct (if no Sponsor Waiver)
- Croesus : Prospectus ; IPO @ $0.93 ; FY14 DPU = 7.39ct Yield = 7.946% ; FY15 DPU = 7.49ct Yield = 8.054% ; Gearing = 43.7% ; List on 10-May-13 2pm
- CitySpring : Guidance for FY14 DPU = 3.28ct ie 0.82ct / Q
- Forterra (TCT) : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
- 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%
- Indiabulls : Maiden DPU on 1H (sep12) Declared since Listing on 11-Jun-08
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