September 2015
REITs : Average Yield = 7.451%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
IREIT Global |
1H – Jun15 |
3.200 |
$0.630 |
10.159% |
$0.766 |
31.20% |
Offices : Germany |
|
Viva Ind Tr |
Q2 – Jun15 |
1.849 |
$0.735 |
10.090% |
$0.830 |
38.90% |
Biz Park (70.4%) + Hotel (14.6%) + Light Industrial (12.1%) + Logistics (2.9%) by Valuation |
|
Sabana REIT |
Q2 – Jun15 |
1.800 |
$0.755 |
9.563% |
$1.040 |
37.90% |
Industrial (23) |
|
Lippo Malls Tr |
Q2 – Jun15 |
0.730 |
$0.320 |
9.125% |
$0.390 |
35.00% |
Retail (Indonesia) – 17 |
|
OUE COMMERCIAL REIT |
1H – Jun15 |
2.900 |
$0.640 |
9.063% |
$1.100 |
37.90% |
Retail (11.4%) + Office (88.6%) by Revenue |
|
Cache Log Trust |
Q2 – Jun15 |
2.140 |
$0.970 |
8.849% |
$0.973 |
38.00% |
Industrial : Singapore (12) + Shanghai (1) + Australia (3) |
|
FHT |
Q3 – Jun15 |
1.560 |
$0.730 |
8.548% |
$0.843 |
38.80% |
Hotel (60.7%) + Serviced Apt (39.3%) |
|
Ascendas-hTrust |
Q1 – Jun15 |
1.280 |
$0.625 |
8.192% |
$0.710 |
38.00% |
Hotels (12) : Australia (54%) + Singapore (16%) + Japan (20%) + China (10%) by NPI |
|
AIMSAMP Cap Reit |
Q1 – Jun15 |
2.750 |
$1.355 |
8.118% |
$1.520 |
31.20% |
Industrial (26) |
|
Cambridge Ind Tr |
Q2 – Jun15 |
1.225 |
$0.610 |
8.054% |
$0.676 |
37.20% |
Industrial (51) |
|
SoilbuildBizREIT |
Q2 – Jun15 |
1.615 |
$0.805 |
8.025% |
$0.790 |
36.30% |
Business Park 34% + Industrial 66% by NPI |
|
CapitaR China Tr |
1H – Jun15 |
5.370 |
$1.365 |
7.934% |
$1.650 |
27.70% |
Retail (China) – 10 |
|
OUE Htrust |
Q2 – Jun15 |
1.520 |
$0.800 |
7.600% |
$0.900 |
42.10% |
Hotel (74%) + Retail (26%) by NPI |
|
Mapletree Log Tr |
Q1 – Jun15 |
1.850 |
$0.980 |
7.551% |
$1.010 |
34.40% |
Industrial (118) |
|
Mapletree Ind Tr |
Q1 – Jun15 |
2.730 |
$1.485 |
7.354% |
$1.320 |
30.00% |
Industrial (84) |
|
Mapletree GCC Tr |
Q1 – Jun15 |
1.696 |
$0.930 |
7.295% |
$1.145 |
41.20% |
Retail + Office (China + HK) |
|
Saizen REIT |
2H – Jun15 |
2.930 |
$0.805 |
7.280% |
$1.140 |
35.00% |
Residential (Japan) – 136 |
|
CDL Htrust |
1H – Jun15 |
4.690 |
$1.300 |
7.262% |
$1.619 |
32.00% |
Hotels : Singapore (75.1%) + Australia (9.6%) + NZ (4.4%) + Maldives (8.1%) + Japan (2.8%) by Valuation |
|
Keppel Reit |
Q2 – Jun15 |
1.720 |
$0.955 |
7.204% |
$1.380 |
42.60% |
Offices : Singapore (4) + Australia (5) |
|
Far East HTrust |
Q2 – Jun15 |
1.160 |
$0.645 |
7.194% |
$0.966 |
31.40% |
Hotels (65.2%) + Serviced Apts (14.2%) + Commercial (20.6%) by Revenue |
|
Frasers Com Tr |
Q3 – Jun15 |
2.351 |
$1.330 |
7.090% |
$1.540 |
37.30% |
Singapore (68%) + Australia (32%) by Valuation |
|
StarhillGbl Reit |
Q6 – Jun15 |
1.290 |
$0.755 |
6.848% |
$0.900 |
35.50% |
Retail (86.1%) + Office (13.9%) ; Singapore (65%) + Malaysia (13.5%) + Australia (16%) + China (3.5%) + Japan (2%) by Revenue |
|
Suntec Reit |
Q2 – Jun15 |
2.500 |
$1.500 |
6.685% |
$2.076 |
35.30% |
Retail + Office |
|
Ascendas Reit |
Q1 – Jun15 |
3.841 |
$2.340 |
6.566% |
$2.050 |
34.70% |
Industrial : Singapore (103) + China (2) |
|
First REIT |
Q2 – Jun15 |
2.070 |
$1.290 |
6.457% |
$1.019 |
32.90% |
Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
|
CapitaCom Trust |
1H – Jun15 |
4.310 |
$1.340 |
6.433% |
$1.720 |
29.50% |
Office (67%) + Retail (20%) + Hotel (13%) by Gross Rental Income |
|
Mapletree Com Tr |
Q1 – Jun15 |
2.010 |
$1.255 |
6.406% |
$1.240 |
36.40% |
Retail + Office |
|
Fortune Reit HKD |
1H – Jun15 |
23.380 |
$7.310 |
6.397% |
$12.490 |
30.60% |
Retail (HK) – 17 |
|
Keppel DC REIT |
1H – Jun15 |
3.560 |
$1.020 |
6.338% |
$0.850 |
26.40% |
Data Centres – 8 |
|
Ascott Reit |
1H – Jun15 |
3.847 |
$1.225 |
6.281% |
$1.370 |
35.80% |
Serviced Apts (90) : AsiaPacific (68.7%) + Europe (31.3%) by Valuation |
|
Frasers Cpt Tr |
Q3 – Jun15 |
3.036 |
$1.905 |
6.055% |
$1.850 |
28.70% |
Retail (6) + 31.17% of Hektar (MREIT) |
|
ParkwayLife Reit |
Q2 – Jun15 |
3.350 |
$2.300 |
5.826% |
$1.680 |
34.10% |
Hospitals + Nursing Homes = 47 : Singapore 64.2% + Japan 35.8% by NPI |
|
SPHREIT |
Q3 – May15 |
1.350 |
$0.935 |
5.775% |
$0.930 |
26.00% |
Retail (2) |
|
CapitaMall Trust |
Q2 – Jun15 |
2.710 |
$1.900 |
5.721% |
$1.810 |
33.70% |
Retail (16) + Office |
NOTES :
- Mkt Price is as on 30-Sep-15
- Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
- IREIT Actual DPU Paid = 2.21ct as Rights Shares issued on 6-Aug-15 also qualifies for 1H DU Payout ; For FY15, DPU Hedged @ €1 : S$1.54
- OUE C-REIT : Actual DPU Paid = 2ct as Rights Shares issued on 4-Aug-15 also qualifies for 1H DU Payout
- A-HTrust : DPU Not Paid as Semi-Annual Payout Policy
- MGCT : DPU Not Paid as Semi-Annual Payout Policy
- FHT : DPU = Actual Payout 2.21ct as 0.65ct fm Japan Assets (14-Jul-14 to 31-Mar-15) will Only be Rx in May/Jun and to be Paid out in Sep Q ; DPU Not Paid as Semi-Annual Payout Policy
- StarHill Global : Annualised DPU = 5.17ct
- CDL H-Trust : Annualised DPU = 9.44ct
- CRCT : : Annualised DPU = 10.83ct
- PLife : Annualised DPU = 13.4ct ; Includes Divestment Gain = 0.37ct (2nd of 4 Tranches)
- VIT : Annualised DPU = 7.416ct
- Suntec : Annualised DPU = 10.027ct
- Cambridge : Annualised DPU = 4.913ct
- CMT : Annualised DPU = 10.87ct
- FCT : Above Yield is Computed using last 4Qs DPU = 11.52ct ie 2.75ct (Dec14) + 2.785ct (Sep14) + 3.036ct (Jun15) + 2.963ct (Mar15)
- A-REIT : DPU Not Paid as Semi-Annual Payout Policy
- FirstREIT : Annualised DPU = 8.33ct
- CLT : Annualised DPU = 8.584ct
- FCOT : Annualised DPU = 9.43ct
- Sabana : Annualised DPU = 7.22ct
- Keppel DC REIT : For the Period 12-Dec-14 to 30-Jun-15
- SB REIT : DPU = Actual Payout = 0.987ct (5-May-15 to 30-Jun-15) ; Advanced DPU (Already Paid) = 0.628ct (1-Apr-15 to 4-May-15)
- 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
- A-REIT : DPU Semi-Annual Payout Policy fm FY15(Mar)
- 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
- 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
- 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)
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q2 – Jun15 |
0 |
$0.158 |
0.000% |
$0.430 |
Shipping Trust |
|
RickmersMaritime |
Q2 – Jun15 |
0.6 |
$0.225 |
15.183% |
$0.560 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4234:US$1 fm Yahoo Finance)
- Rickmers : 29% 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 |
|
Kep Infra Tr |
FY14 – Proforma |
3.73 |
$0.525 |
7.105% |
$0.360 |
Infrastructure |
|
Ascendas-iTrust |
Q1 – Jun15 |
1.37 |
$0.855 |
6.409% |
$0.640 |
India – Industrial Park |
|
Indiabulls Trust |
2H – Mar15 |
0.069 |
$0.290 |
0.481% |
$1.692 |
India – Office |
|
HPH Trust USD |
1H – Jun15 |
15.7 |
$0.550 |
8.915% |
HK$4.79 |
Ports – HK + China |
|
Religare Htrust |
Q1 – Jun15 |
1.94 |
$0.950 |
8.168% |
$0.907 |
India – Healthcare |
|
Croesus Rtrust |
2H – Jun15 |
3.92 |
$0.830 |
9.446% |
Y83.95 |
Japan – Retail (7) |
|
Asian Pay TV Tr |
Q2 – Jun15 |
2 |
$0.785 |
10.510% |
$0.890 |
Taiwan PayTV |
|
Accordia Golf Tr |
2H – Mar15 |
5.71 |
$0.630 |
13.614% |
$0.870 |
Japan Golf Courses – 89 |
NOTES :
- CroesusRT : Exchange Rate Y100 = S$1.1829
- Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15 ; Above DPU & NAV had been Re-Adjusted accordingly
- Religare : DPU Not Paid as Semi-Annual Payout Policy
- APTT : Above Yield uses DPU = 8.25ct as FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
- Indiabulls : Yield Computed Using 0.0138ct (2H15) + 0.0141ct (1H15) ; No DPU Payout for Q116 (Jun15) as Semi-Annual Payout Policy
- KIT : DPU = 0.25ct (29-May-15 to 30-Jun-15) ; Above Yield Uses Proforma FY14 DPU = 3.73ct as per Circular dated 20-May-15
- a-iTrust : Above DPU is based on 90% Payoutt ; DPU Not Paid as Semi-Annual Payout Policy
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7500 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec14) = HK22.3ct
- KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
- Accordia : Above DPU for the Period 1-Aug-14 to 31-Mar-15 ; Includes Non-Recurring Cash Flows
- 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
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- Forterra : Delisted on 13-Feb-15 9AM
- PCRT : Delisted on 5-Feb-15 9AM
- 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
- 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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