September 2014
REITs : Average Yield = 6.557%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Viva Ind Tr |
Q2 – Jun14 |
1.723 |
$0.805 |
8.585% |
$0.751 |
38.50% |
Biz Park (77.6%) + Hotel (18.6%) + Logistics (3.8%) by Valuation |
|
SoilbuildBizREIT |
Q2 – Jun14 |
1.500 |
$0.795 |
7.547% |
$0.800 |
30.30% |
Business Park (2) + Industrial (5) |
|
IREIT Global |
FY14 – IPO |
3.330 |
$0.900 |
7.400% |
$0.780 |
33.20% |
Offices : Germany |
|
Cache Log Trust |
Q2 – Jun14 |
2.147 |
$1.165 |
7.392% |
$0.970 |
28.90% |
Industrial : Singapore (13) + Shanghai (1) |
|
Sabana REIT |
Q2 – Jun14 |
1.860 |
$1.010 |
7.386% |
$1.070 |
37.00% |
Industrial (22) |
|
OUE Htrust |
Q2 – Jun14 |
1.640 |
$0.910 |
7.209% |
$0.900 |
32.70% |
Hotel (69%) + Retail (31%) by Asset |
|
OUE COMMERCIAL REIT |
1H – Jun14 |
2.430 |
$0.795 |
7.198% |
$1.060 |
39.50% |
Retail (10.9%) + Office (89.1%) by Revenue |
|
AIMSAMP Cap Reit |
Q1 – Jun14 |
2.550 |
$1.435 |
7.108% |
$1.480 |
32.00% |
Industrial (26) |
|
Mapletree Ind Tr |
Q1 – Jun14 |
2.510 |
$1.420 |
7.070% |
$1.200 |
33.60% |
Industrial (85) |
|
Cambridge Ind Tr |
Q2 – Jun14 |
1.251 |
$0.715 |
7.018% |
$0.685 |
32.00% |
Industrial (48) |
|
Ascendas-hTrust |
Q1 – Jun14 |
1.240 |
$0.715 |
6.937% |
$0.740 |
38.20% |
Hotels : Australia (48%) + Singapore (22%) + Japan (22%) + China (8%) by Valuation |
|
Saizen REIT |
2H – Jun14 |
3.100 |
$0.895 |
6.927% |
$1.220 |
36.50% |
Residential (Japan) – 138 |
|
Mapletree GCC Tr |
Q1 – Jun14 |
1.560 |
$0.905 |
6.914% |
$1.018 |
38.60% |
Retail + Office (China + HK) |
|
Lippo Malls Tr |
Q2 – Jun14 |
0.680 |
$0.395 |
6.886% |
$0.413 |
28.30% |
Retail (Indonesia) – 16 |
|
FHT |
FY14 – IPO |
3.040 |
$0.885 |
6.851% |
$0.830 |
41.70% |
Hotel (60.7%) + Serviced Apt (39.3%) |
|
Mapletree Log Tr |
Q1 – Jun14 |
1.900 |
$1.155 |
6.580% |
$0.970 |
33.40% |
Industrial (112) |
|
First REIT |
Q2 – Jun14 |
2.000 |
$1.230 |
6.545% |
$0.970 |
32.90% |
Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3) |
|
Frasers Com Tr |
Q3 – Jun14 |
2.191 |
$1.350 |
6.504% |
$1.560 |
37.70% |
Office + Retail (5) |
|
Ascendas Reit |
Q1 – Jun14 |
3.640 |
$2.250 |
6.471% |
$2.020 |
31.60% |
Industrial : Singapore (103) + China (2) |
|
CapitaR China Tr |
1H – Jun14 |
4.990 |
$1.570 |
6.408% |
$1.480 |
29.80% |
Retail (China) – 10 |
|
Keppel Reit |
Q2 – Jun14 |
1.900 |
$1.190 |
6.403% |
$1.380 |
42.80% |
Offices : Singapore (5) + Australia (5) |
|
Ascott Reit |
1H – Jun14 |
3.937 |
$1.235 |
6.376% |
$1.380 |
36.40% |
Serviced Apts (83) : AsiaPacific (64%) + Europe (36%) |
|
StarhillGbl Reit |
Q2 – Jun14 |
1.250 |
$0.790 |
6.342% |
$0.920 |
29.40% |
Retail (86.6%) + Office (13.4%) by Revenue |
|
CDL Htrust |
1H – Jun14 |
5.250 |
$1.670 |
6.341% |
$1.642 |
29.50% |
Hotels : Singapore (77.1%) + Australia (10.5%) + NZ (4.5%) + Maldives (7.9%) |
|
Fortune Reit HKD |
1H – Jun14 |
20.880 |
$6.850 |
6.096% |
$11.010 |
31.10% |
Retail (HK) |
|
Far East HTrust |
Q2 – Jun14 |
1.240 |
$0.815 |
6.086% |
$0.976 |
30.90% |
Hotels (65.8%) + Serviced Apts (14.4%) + Commercial (19.8%) by Revenue |
|
Frasers Cpt Tr |
Q3 – Jun14 |
3.022 |
$1.885 |
6.038% |
$1.780 |
30.20% |
Retail (6) + 31.17% of Hektar (MREIT) |
|
CapitaMall Trust |
Q2 – Jun14 |
2.690 |
$1.910 |
5.649% |
$1.760 |
34.30% |
Retail (16) + Office |
|
Mapletree Com Tr |
Q1 – Jun14 |
1.950 |
$1.410 |
5.532% |
$1.160 |
38.30% |
Retail + Office |
|
CapitaCom Trust |
1H – Jun14 |
4.220 |
$1.595 |
5.292% |
$1.670 |
28.80% |
Office (66%) + Retail (20%) + Hotel (14%) by Gross Rental Income |
|
Suntec Reit |
Q2 – Jun14 |
2.266 |
$1.760 |
5.164% |
$2.046 |
34.10% |
Retail + Office |
|
SPHREIT |
Q3 – May14 |
1.350 |
$1.060 |
5.094% |
$0.900 |
26.90% |
Retail (2) |
|
ParkwayLife Reit |
Q2 – Jun14 |
2.900 |
$2.310 |
5.022% |
$1.600 |
35.30% |
Hospitals + Nursing Homes = 47 |
NOTES :
- Mkt Price is as on 30-Sep-14
- A-HTrust : DPU Not Paid as Semi-Annual Payout Policy
- 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
- VIT : Annualised DPU = 6.911ct
- OUE C-Trust : For the Period 27-Jan-14 to 30-Jun-14
- StarHill Global : Annualised DPU = 5.01ct
- SB REIT : Annualised DPU = 6ct
- MGCCT : DPU Not Paid as Semi-Annual Payout Policy fm FY15(Mar) ; Annualised DPU = 6.257ct
- CDL H-Trust : DPU Annualised DPU = 10.59ct
- Cambridge : Annualised DPU = 5.018ct
- CRCT : Annualised DPU = 10.06ct
- A-REIT : DPU Not Paid as Semi-Annual Payout Policy fm FY15(Mar)
- CMT : Annualised DPU = 10.79ct
- Suntec : Annualised DPU = 9.089ct ; Includes Capital = 0.2ct
- FCT : Above Yield is Computed using last 4Qs DPU = 11.382ct ie 2.5ct (Dec13) + 2.98ct (Sep13) + 3.022ct (Jun14) + 2.88ct (Mar14) ; Q3 (Jun-14) DPU = 0.626ct (10-Jun-14 to 30-Jun-14) + 2.396ct (1-Apr-14 to 9-Jun-14) Advanced DPU
- Keppel REIT : Annualised DPU = 7.62ct
- FCOT : Annualised DPU = 8.78ct
- CLT : Annualised DPU = 8.612ct
- Sabana : Annualised DPU = 7.46ct
- FirstREIT : Annualised DPU = 8.05ct
- FHT : IPO Prospectus ; DPU : FY14 (1-Apr-14 to 30-Sep-14) = 3.04ct / 2.86ct if Exclude Top Up ; FY15 = 6.16ct (5.72ct if Exclude) ; Gearing = 41.7% ; NAV = $0.83 ; Listing on 14-Jul-14 2pm @ $0.88
- PLife : Annualised DPU = 11.28ct
- OUE C-REIT : IPO Prospectus ; DPU : FY14 = 5.44ct / 4.45ct if Exclude Income Support ; FY15 = 5.51ct (4.6ct if Exclude) ; Gearing = 42.3% ; NAV = $1.043 ; Listing on 27-Jan-14 2pm @ $0.88
- Saizen : 5-to-1 Unit Consolidation on 5-Nov-13
- Viva Industrial Trust : IPO Prospectus ; DPU : FY13 = 3.42ct (1-Jul-13 to 31-Dec-13) / 2.23ct if Exclude Income Support ; FY14 = 6.87ct (4.79ct if Exclude) ; FY15 = 7.03ct (5.19ct if Exclude) ; Gearing = 40.2% ; NAV = $0.74 ; Listing on 4-Nov-13 2pm @ $0.78
- MLT : Includes 0.2ct Divestment Gain for 8 Qs from Q114 (Jun13)
- 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 @ $0.78
- 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 @ $0.78
- 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 @ $0.90
- 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 @ $0.93
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q2 Jun14 |
0 |
$0.103 |
0.000% |
$0.400 |
Shipping Trust |
|
RickmersMaritime |
Q2 – Jun14 |
0.6 |
$0.300 |
10.200% |
$0.640 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2750:US$1 fm Yahoo Finance)
- Rickmers : 23% Payout
- 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 Trust |
Q1 – Jun14 |
0.82 |
$0.495 |
6.626% |
$0.206 |
Infrastructure – Water + Gas + Power |
|
Keppel Infra Tr |
1H – Jun14 |
7.82 |
$1.040 |
7.519% |
$0.930 |
Energy (Incineration) + Water (NEWater) |
|
Ascendas-iTrust |
Q1 – Jun14 |
1.15 |
$0.775 |
5.935% |
$0.600 |
India – Industrial Park |
|
Indiabulls Trust |
2H – Mar14 |
0.0162 |
$0.130 |
0.243% |
$0.341 |
India – Office |
|
HPH Trust USD |
2H – Dec13 |
22.3 |
$0.700 |
7.540% |
HK$7.32 |
Ports – HK + China |
|
Forterra Trust |
1H – Jun14 |
— |
$1.425 |
0.000% |
$3.840 |
China – Retail + Office + Industrial |
|
Perennial CRT |
1H – Jun14 |
1.90 |
$0.515 |
7.437% |
$0.730 |
China Retail |
|
Religare Htrust |
Q1 – Jun14 |
1.80 |
$0.950 |
7.579% |
$0.857 |
India – Healthcare |
|
Croesus Rtrust |
2H – Jun14 |
3.74 |
$0.945 |
7.915% |
Y75.08 |
Japan – Retail |
|
Asian Pay TV Tr |
1H – Jun14 |
4.12 |
$0.825 |
10.000% |
$0.920 |
Taiwan PayTV |
|
Accordia Golf Tr |
FY15 (Mar) – IPO |
6.8 |
$0.910 |
7.473% |
$0.921 |
Japan Golf Courses – 89 |
NOTES :
- CroesusRT : Exchange Rate Y100 = S$1.1630
- Religare : No DPU Payout as Semi-Annual Policy
- APTT : Above Yield uses DPU = 8.25ct ie 1H14 = 4.12ct + 2H13 = 4.13ct ; Quarterly DPU Payout from Q314 ; Guidance Q314 = 2ct ; Q414 = 2.13ct
- PCRT : Annualised Yield = 3.83ct
- Accordia Golf Trust : IPO Prospectus ; DPU : FY15 (1-Aug-14 to 31-Mar-15) = 6.2ct / Annualised = 6.8ct (Excl. Non-Recurring) – Used in Above Yield Computation or 8.8ct (Incl Non-Recurring) ; Gearing & NAV Computed Using IPO Prospectus Figures ; Listing on 1-Aug-14 2pm @ $0.97
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7680:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun14) = HK18.7ct + 2H (Dec13) = HK22.3ct
- KIT : 1H14 DPU Payout = 3.13ct ; 2H13 DPU Payout = 4.69ct ; Above Table Uses 2H13 + 1H14 DPU = 7.82ct to Calculate Yield
- CitySpring : Guidance for FY15 DPU = 3.28ct ie 0.82ct / Q
- Indiabulls : No DPU Payout as Semi-Annual Policy
- a-iTrust : Above DPU is based on 90% Payout
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- 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
- 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
- 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
Comments are Closed