Author: kktan

 

November 2015

           
 

Results Announcement

  • 3 Nov 15 (AM) : FE-HTrust (Updated)
  • 3 Nov 15 : FortuneREIT (Updated)
  • 4 Nov 15 : Rickmers (Updated)
  • 5 Nov 15 (AM) : PLife (Updated)
  • 5 Nov 15 : Religare (Updated)
  • 5 Nov 15 : FSL (Updated)
  • 5 Nov 15 : LMIR (Updated)
  • 6 Nov 15 (AM) : APTT (Updated)
  • 11 Nov 15 (AM) : CRT (Updated)
  • 11 Oct 15 : OUE C-REIT (Updated)
  • 11 Nov 15 : Saizen (Updated)
  • 12 Nov 15 : OUE H-Trust (Updated)
  • 12 Nov 15 : Accordia (Updated)
  • 13 Nov 15 : IREIT Global (Updated)

 REITs : Average Yield = 7.408%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Lippo Malls Tr

Q3 – Sep15

0.770

$0.300

10.267%

$0.373

35.00%

Retail (Indonesia) – 19

Sabana REIT

Q3 – Sep15

1.770

$0.720

9.750%

$1.040

38.00%

Industrial (23)

Cache Log Trust

Q3 – Sep15

2.140

$0.925

9.178%

$0.970

38.30%

Industrial (14) : Singapore (92%) + Shanghai (1%) + Australia (7%) by Gross Rental Income

Viva Ind Tr

Q3 – Sep15

1.647

$0.715

9.138%

$0.827

38.80%

Biz Park (70.4%) + Hotel (14.6%) + Light Industrial (12.1%) + Logistics (2.9%) by Valuation

FHT

Q4 – Sep15

1.665

$0.755

8.821%

$0.857

38.90%

Hotel (60.7%) + Serviced Apt (39.3%) : Singapore (23%) ; Australia (29%) ; UK (29%) ; Japan (11%) ; Malaysia (8%) by NPI

OUE Htrust

Q3 – Sep15

1.720

$0.780

8.821%

$0.900

42.10%

Hotel (76%) + Retail (24%) by NPI

Ascendas-hTrust

1H – Sep15

2.660

$0.625

8.512%

$0.720

37.50%

Hotels (11) : Australia (56%) + Singapore (16%) + Japan (20%) + China (9%) by NPI

IREIT Global

Q3 – Sep15

1.410

$0.680

8.294%

$0.619

43.40%

Offices : Germany

SoilbuildBizREIT

Q3 – Sep15

1.625

$0.775

8.387%

$0.800

36.10%

Business Park 34% + Industrial 66% by NPI

AIMSAMP Cap Reit

Q2 – Sep15

2.800

$1.335

8.390%

$1.522

30.90%

Industrial (26)

Cambridge Ind Tr

Q3 – Sep15

1.204

$0.585

8.166%

$0.675

37.20%

Industrial (51)

Far East HTrust

Q3 – Sep15

1.200

$0.615

7.805%

$0.965

31.40%

Hotels (65.2%) + Serviced Apts (14.2%) + Commercial (20.6%) by Revenue

Frasers Com Tr

Q4 – Sep15

2.518

$1.285

7.782%

$1.530

36.20%

Singapore (58%) + Australia (42%) by NPI

Mapletree GCC Tr

1H – Sep15

3.499

$0.920

7.607%

$1.192

41.00%

Retail + Office (China + HK)

Mapletree Ind Tr

Q2 – Sep15

2.790

$1.515

7.366%

$1.330

29.70%

Industrial (84)

CapitaR China Tr

Q3 – Sep15

2.640

$1.455

7.196%

$1.680

28.50%

Retail (China) – 10

Mapletree Log Tr

Q2 – Sep15

1.860

$1.005

7.403%

$1.000

38.80%

Industrial (119)

Keppel Reit

Q3 – Sep15

1.700

$0.930

7.312%

$1.370

42.60%

Offices : Singapore (4) + Australia (5)

CDL Htrust

Q3 – Sep15

2.360

$1.320

7.091%

$1.593

36.50%

Hotels : Singapore (71.1%) + Australia (9%) + UK (5.4%) + NZ (4.1%) + Maldives (7%) + Japan (2.7%) by Valuation

First REIT

Q3 – Sep15

2.080

$1.180

7.034%

$1.020

32.90%

Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

Ascott Reit

Q3 – Sep15

2.070

$1.185

6.987%

$1.380

40.00%

Serviced Apts (90) : AsiaPacific (68.7%) + Europe (31.3%) by Valuation

StarhillGbl Reit

Q1 – Sep15

1.310

$0.755

6.887%

$0.880

35.70%

Retail (86.2%) + Office (13.8%) ; Singapore (60.1%) + Malaysia (11.5%) + Australia (23%) + China (3.4%) + Japan (2%) by Revenue

Ascendas Reit

1H – Sep15

7.730

$2.390

6.469%

$2.100

34.60%

Industrial : Singapore (102) + China (2)

CapitaCom Trust

Q2 – Sep15

2.140

$1.310

6.534%

$1.720

30.10%

Office (67%) + Retail (20%) + Hotel (13%) by Gross Rental Income

Suntec Reit

Q3 – Sep15

2.522

$1.535

6.519%

$2.066

35.80%

Retail + Office

CapitaMall Trust

Q3 – Sep15

2.980

$1.905

6.205%

$1.820

33.80%

Retail (17) + Office

Keppel DC REIT

Q3 – Sep15

1.640

$1.050

6.248%

$0.860

30.10%

Data Centres – 9

Mapletree Com Tr

Q2 – Sep15

2.020

$1.295

6.239%

$1.240

36.40%

Retail + Office

Frasers Cpt Tr

Q4 – Sep15

2.859

$1.850

6.275%

$1.910

28.20%

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

SPHREIT

Q4 – Aug15

1.390

$0.925

6.011%

$0.950

25.70%

Retail (2)

ParkwayLife Reit

Q3 – Sep15

3.360

$2.270

5.921%

$1.660

35.80%

Hospitals + Nursing Homes = 47 : Singapore 64.2% + Japan 35.8% by NPI

Fortune Reit HKD

Q3 – Sep15

11.540

$7.750

5.956%

$12.430

30.40%

Retail (HK) – 17

OUE COMMERCIAL REIT

Q3 – Sep15

1.020

$0.690

5.913%

$0.920

33.90%

Retail (9.7%) + Office (90.3%) by Revenue

Saizen REIT

2H – Jun15

2.930

$1.090

5.376%

$1.210

35.00%

Residential (Japan) – 136

NOTES :

  • Mkt Price is as on 30-Nov-15
  • IREIT : No DPU Paid as Semi-Annual Payout Policy ; DPU Hedged @ €1 : S$1.54
  • OUE C-REIT : DPU = 1.47ct if Exclude Rights Shares issued on 4-Aug-15 which was only Utilised for Acquisition on 8-Oct-15 ; DPU Not Paid as Semi-Annual Payout Policy
  • Saizen : DPU Not Paid as Semi-Annual Payout Policy
  • PLife : Annualised DPU = 13.44ct ; Includes Divestment Gain = 0.37ct (3rd of 4 Tranches)
  • FortuneREIT : DPU Not Paid as Semi-Annual Payout Policy
  • AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
  • CDL H-Trust : Annualised DPU = 9.36ct ; DPU Not Paid as Semi-Annual Payout Policy
  • FHT : DPU = 1.5745ct (6-Jul-15 to 30-Sep-15) + 0.09ct (1-Jul-15 to 5-Jul-15) Already Paid
  • CCT : DPU Not Paid as Semi-Annual Payout Policy
  • StarHill Global : Annualised DPU = 5.20ct
  • VIT : Annualised DPU = 6.534ct
  • FCOT : Annualised DPU = 9.43ct ; DPU = 1.6069ct (3-Aug-15 to 30-Sep-15) + 0.9112ct (1-Jul-15 to 2-Aug-15) Already Paid as Advanced DPU
  • CRCT : : Annualised DPU = 10.47ct
  • Suntec : Annualised DPU = 10.006ct
  • A-REIT : Actual DPU Payout = 8.001ct = 7.73ct (Recurrent DPU) + 0.271ct (One-Off)
  • CMT : Annualised DPU = 11.82ct
  • Cambridge : Annualised DPU = 4.777ct
  • FCT : Above Yield is Computed using last 4Qs DPU = 11.608ct ie 2.75ct (Dec14) + 2.859ct (Sep15) + 3.036ct (Jun15) + 2.963ct (Mar15)
  • CLT : Annualised DPU = 8.49ct
  • Sabana : Annualised DPU = 7.02ct
  • Keppel DC REIT : DPU Not Paid as Semi-Annual Payout Policy
  • FirstREIT : Annualised DPU = 8.3ct
  • Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
  • 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

Q3 – Sep15

0/1/1900

$0.167

0.000%

$0.430

Shipping Trust

RickmersMaritime

Q3 – Sep15

0/1/1900

$0.129

0.000%

$0.570

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4126 : US$1 (fm Yahoo Finance)
  • Rickmers
    : DPU Suspended fm Q315
  • 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 fka CIT

Q2 – Sep15

0/1/1900

$0.510

7.294%

$0.350

Infrastructure

Ascendas-iTrust

1H – Sep15

2.74

$0.865

6.335%

$0.650

India – Industrial Park

Indiabulls Trust

1H – Sep15

0/1/1900

$0.260

0.511%

$1.734

India – Office

HPH Trust USD

1H – Jun15

15.7

$0.540

9.080%

HK$4.84

Ports – HK + China

Religare Htrust

1H – Sep15

3.90

$1.000

7.800%

$0.946

India – Healthcare

Croesus Rtrust

Q1 – Sep15

2.08

$0.785

10.510%

Y80.54

Japan – Retail (7)

Asian Pay TV Tr

Q3 – Sep15

2.00

$0.745

11.074%

$0.870

Taiwan PayTV

Accordia Golf Tr

1H – Sep15

2/1/1900

$0.565

8.212%

$0.890

Japan Golf Courses – 89

NOTES :

  • CroesusRT : Exchange Rate Y100 = S$1.1476(fm Yahoo Finance); Annualised DPU = 8.25ct ; DPU Not Paid as Semi-Annual Payout Policy
  • APTT : Above Yield uses DPU = 8.25ct as FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • a-iTrust : Above DPU is based on 90% Payoutt
  • HPH Trust : DPU Not Paid for Q3 as Semi-Annual Payout Policy ; DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7501 : US$1 (fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec14) = HK22.3ct
  • Indiabulls : Yield Computed Using 0.069ct (2H15) + 0.0638ct (1H16)
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
  • KIT : Proforma FY14 DPU = 3.73ct as per Circular dated 20-May-15
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • 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
  • 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

           
 

       

November 30, 2015 Yield Comments Off on November 2015

Performance – October 2015

 

STI -10.90% : 2998.35 (Oct-15) vs 3365.15 (2014)

Rank – Capital Gains

REIT

Oct-15

Dec-14

Gain

Saizen REIT

$ 0.925

$ 0.860

7.6%

Keppel DC REIT

$ 1.045

$ 0.975

7.2%

Mapletree GCC Tr

$ 0.995

$ 0.950

4.7%

Fortune Reit HK$

$ 8.020

$ 7.760

3.4%

FrasersCT

$ 1.955

$ 1.895

3.2%

MIT

$ 1.525

$ 1.485

2.7%

SB REIT

$ 0.800

$ 0.790

1.3%

StarhillGbl Reit

$ 0.810

$ 0.800

1.3%

Ascendasreit

$ 2.390

$ 2.380

0.4%

A-HTrust

$ 0.680

$ 0.680

0.0%

AIMSAMP Cap Reit

$ 1.400

$ 1.415

-1.1%

First REIT

$ 1.240

$ 1.255

-1.2%

MCT

$ 1.370

$ 1.410

-2.8%

ParkwayLife Reit

$ 2.310

$ 2.380

-2.9%

CapitaMall

$ 1.980

$ 2.040

-2.9%

FrasersComm

$ 1.370

$ 1.415

-3.2%

VIT

$ 0.760

$ 0.795

-4.4%

AscottREIT

$ 1.210

$ 1.270

-4.7%

Lippo Malls Tr

$ 0.320

$ 0.340

-5.9%

CapitaRChina

$ 1.520

$ 1.615

-5.9%

SPHREIT

$ 0.940

$ 1.040

-9.6%

OUE H-Trust

$ 0.815

$ 0.905

-9.9%

Cambridge

$ 0.610

$ 0.680

-10.3%

Frasers Htrust

$ 0.775

$ 0.890

-12.9%

CLT

$ 1.005

$ 1.160

-13.4%

MapletreeLog

$ 1.020

$ 1.185

-13.9%

OUE C-REIT

$ 0.685

$ 0.805

-14.9%

SuntecReit

$ 1.650

$ 1.960

-15.8%

FE-HTrust

$ 0.670

$ 0.815

-17.8%

Sabana

$ 0.760

$ 0.940

-19.1%

CapitaComm

$ 1.410

$ 1.755

-19.7%

K-REIT

$ 0.965

$ 1.220

-20.9%

CDL Htrust

$ 1.355

$ 1.740

-22.1%

IREIT Global

$ 0.675

$ 0.890

-24.2%

NOTES :

  • Not Adjusted for Rights or New Issues Which May Be at a Discount
  • Oct-15: End Oct-15 Mkt Price
  • Dec-14 : End Dec-14 Mkt Price
  • Gain : Capital Gains = (Oct-15 Mkt Price – Dec-14 Mkt Price) / (Dec-14 Mkt Price)
October 31, 2015 Performance Comments Off on Performance – October 2015

October 2015

 

Results Announcement

  • 12 Oct 15 : SPHREIT (Updated)
  • 13 Oct 15 : FirstREIT (Updated)
  • 15 Oct 15 : Sabana (Updated)
  • 15 Oct 15 : Keppel DC REIT : (Updated)
  • 19 Oct 15 : MLT (Updated)
  • 19 Oct 15 : KIT (Updated)
  • 19 Oct 15 : KeppelREIT (Updated)
  • 20 Oct 15 : MIT (Updated)
  • 20 Oct 15 : Indiabulls (Updated)
  • 21 Oct 15 : MCT (Updated)
  • 21 Oct 15 : CLT (Updated)
  • 22 Oct 15 (AM) : FCT (Updated)
  • 22 Oct 15 (AM) : Cambridge (Updated)
  • 22 Oct 15 (AM) : CMT (Updated)
  • 22 Oct 15 : A-REIT (Updated)
  • 22 Oct 15 : Suntec (Updated)
  • 23 Oct 15 (AM) : FCOT (Updated)
  • 23 Oct 15 : CRCT (Updated)
  • 23 Oct 15 : HPH-Trust (Updated)
  • 26 Oct 15 : a-iTrust (Updated)
  • 27 Oct 15 (AM) : VIT (Updated)
  • 27 Oct 15 : MGCT (Updated)
  • 27 Oct 15 : Starhill Global (Updated)
  • 28 Oct 15 (AM) : CCT (Updated)
  • 28 Oct 15 : A-HTrust (Updated)
  • 29 Oct 15 (AM) : CDL H-Trust (Updated)
  • 29 Oct 15 (AM) : AscottREIT (Updated)
  • 29 Oct 15 (AM) : AIMSAMPReit (Updated)
  • 29 Oct 15 (AM) : FHT (Updated)
  • 3 Nov 15 (AM) : FE-HTrust
  • 4 Nov 15 : Rickmers
  • 5 Nov 15 (AM) : PLife
  • 5 Nov 15 : Religare
  • 5 Nov 15 : FSL
  • 5 Nov 15 : LMIR
  • 6 Nov 15 (AM) : APTT
  • 11 Nov 15 (AM) : CRT
  • 11 Oct 15 : OUE C-REIT
  • 12 Nov 15 (AM) : Saizen
  • 12 Nov 15 : OUE H-Trust
  • 13 Nov 15 : IREIT Global

 

 

REITs : Average Yield = 7.189%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

IREIT Global

1H – Jun15

3.200

$0.675

9.481%

$0.744

31.20%

Offices : Germany

Sabana REIT

Q3 – Sep15

1.770

$0.760

9.237%

$1.040

38.00%

Industrial (23)

Lippo Malls Tr

Q2 – Jun15

0.730

$0.320

9.125%

$0.390

35.00%

Retail (Indonesia) – 17

Viva Ind Tr

Q3 – Sep15

1.647

$0.760

8.597%

$0.827

38.80%

Biz Park (70.4%) + Hotel (14.6%) + Light Industrial (12.1%) + Logistics (2.9%) by Valuation

FHT

Q4 – Sep15

1.665

$0.775

8.591%

$0.857

38.90%

Hotel (60.7%) + Serviced Apt (39.3%) : Singapore (23%) ; Australia (29%) ; UK (29%) ; Japan (11%) ; Malaysia (8%) by NPI

OUE COMMERCIAL REIT

1H – Jun15

2.900

$0.685

8.467%

$1.100

37.90%

Retail (11.4%) + Office (88.6%) by Revenue

Cache Log Trust

Q3 – Sep15

2.140

$1.005

8.448%

$0.970

38.30%

Industrial (14) : Singapore (92%) + Shanghai (1%) + Australia (7%) by Gross Rental Income

SoilbuildBizREIT

Q3 – Sep15

1.625

$0.800

8.125%

$0.800

36.10%

Business Park 34% + Industrial 66% by NPI

AIMSAMP Cap Reit

Q2 – Sep15

2.800

$1.400

8.000%

$1.522

30.90%

Industrial (26)

Cambridge Ind Tr

Q3 – Sep15

1.204

$0.610

7.831%

$0.675

37.20%

Industrial (51)

Ascendas-hTrust

1H – Sep15

2.660

$0.680

7.824%

$0.720

37.50%

Hotels (11) : Australia (56%) + Singapore (16%) + Japan (20%) + China (9%) by NPI

OUE Htrust

Q2 – Jun15

1.520

$0.815

7.460%

$0.900

42.10%

Hotel (74%) + Retail (26%) by NPI

Mapletree Ind Tr

Q2 – Sep15

2.790

$1.525

7.318%

$1.330

29.70%

Industrial (84)

Frasers Com Tr

Q4 – Sep15

2.518

$1.370

7.299%

$1.530

36.20%

Singapore (58%) + Australia (42%) by NPI

Mapletree Log Tr

Q2 – Sep15

1.860

$1.020

7.294%

$1.000

38.80%

Industrial (119)

Keppel Reit

Q3 – Sep15

1.700

$0.965

7.047%

$1.370

42.60%

Offices : Singapore (4) + Australia (5)

Mapletree GCC Tr

1H – Sep15

3.499

$0.995

7.033%

$1.192

41.00%

Retail + Office (China + HK)

Far East HTrust

Q2 – Jun15

1.160

$0.670

6.925%

$0.966

31.40%

Hotels (65.2%) + Serviced Apts (14.2%) + Commercial (20.6%) by Revenue

CDL Htrust

Q3 – Sep15

2.360

$1.355

6.908%

$1.593

36.50%

Hotels : Singapore (71.1%) + Australia (9%) + UK (5.4%) + NZ (4.1%) + Maldives (7%) + Japan (2.7%) by Valuation

CapitaR China Tr

Q3 – Sep15

2.640

$1.520

6.888%

$1.680

28.50%

Retail (China) – 10

Ascott Reit

Q3 – Sep15

2.070

$1.210

6.843%

$1.380

40.00%

Serviced Apts (90) : AsiaPacific (68.7%) + Europe (31.3%) by Valuation

First REIT

Q3 – Sep15

2.080

$1.240

6.694%

$1.020

32.90%

Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

Ascendas Reit

1H – Sep15

7.730

$2.390

6.469%

$2.100

34.60%

Industrial : Singapore (102) + China (2)

StarhillGbl Reit

Q1 – Sep15

1.310

$0.810

6.420%

$0.880

35.70%

Retail (86.2%) + Office (13.8%) ; Singapore (60.1%) + Malaysia (11.5%) + Australia (23%) + China (3.4%) + Japan (2%) by Revenue

Saizen REIT

2H – Jun15

2.930

$0.925

6.335%

$1.140

35.00%

Residential (Japan) – 136

Keppel DC REIT

Q3 – Sep15

1.640

$1.045

6.278%

$0.860

30.10%

Data Centres – 9

CapitaCom Trust

Q2 – Sep15

2.140

$1.410

6.071%

$1.720

30.10%

Office (67%) + Retail (20%) + Hotel (13%) by Gross Rental Income

Suntec Reit

Q3 – Sep15

2.522

$1.650

6.064%

$2.066

35.80%

Retail + Office

CapitaMall Trust

Q3 – Sep15

2.980

$1.980

5.970%

$1.820

33.80%

Retail (17) + Office

Frasers Cpt Tr

Q4 – Sep15

2.859

$1.955

5.938%

$1.910

28.20%

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

SPHREIT

Q4 – Aug15

1.390

$0.940

5.915%

$0.950

25.70%

Retail (2)

Mapletree Com Tr

Q2 – Sep15

2.020

$1.370

5.898%

$1.240

36.40%

Retail + Office

Fortune Reit HKD

1H – Jun15

23.380

$8.020

5.830%

$12.490

30.60%

Retail (HK) – 17

ParkwayLife Reit

Q2 – Jun15

3.350

$2.310

5.801%

$1.680

34.10%

Hospitals + Nursing Homes = 47 : Singapore 64.2% + Japan 35.8% by NPI

NOTES :

  • Mkt Price is as on 30-Oct-15
  • AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
  • CDL H-Trust : Annualised DPU = 9.36ct ; DPU Not Paid as Semi-Annual Payout Policy
  • FHT : DPU = 1.5745ct (6-Jul-15 to 30-Sep-15) + 0.09ct (1-Jul-15 to 5-Jul-15) Already Paid
  • CCT : DPU Not Paid as Semi-Annual Payout Policy
  • StarHill Global : Annualised DPU = 5.20ct
  • VIT : Annualised DPU = 6.534ct
  • FCOT : Annualised DPU = 9.43ct ; DPU = 1.6069ct (3-Aug-15 to 30-Sep-15) + 0.9112ct (1-Jul-15 to 2-Aug-15) Already Paid as Advanced DPU
  • CRCT : : Annualised DPU = 10.47ct
  • Suntec : Annualised DPU = 10.006ct
  • A-REIT : Actual DPU Payout = 8.001ct = 7.73ct (Recurrent DPU) + 0.271ct (One-Off)
  • CMT : Annualised DPU = 11.82ct
  • Cambridge : Annualised DPU = 4.777ct
  • FCT : Above Yield is Computed using last 4Qs DPU = 11.608ct ie 2.75ct (Dec14) + 2.859ct (Sep15) + 3.036ct (Jun15) + 2.963ct (Mar15)
  • CLT : Annualised DPU = 8.49ct
  • Sabana : Annualised DPU = 7.02ct
  • Keppel DC REIT : DPU Not Paid as Semi-Annual Payout Policy
  • FirstREIT : Annualised DPU = 8.3ct
  • 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
  • PLife : Annualised DPU = 13.4ct ; Includes Divestment Gain = 0.37ct (2nd of 4 Tranches)
  • 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

$0.175

0.000%

$0.430

Shipping Trust

RickmersMaritime

Q2 – Jun15

0.6

$0.205

16.405%

$0.560

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4013: 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

Q2 – Sep15

0.93

$0.520

7.154%

$0.350

Infrastructure

Ascendas-iTrust

1H – Sep15

2.74

$0.875

6.263%

$0.650

India – Industrial Park

Indiabulls Trust

1H – Sep15

0.0638

$0.275

0.483%

$1.734

India – Office

HPH Trust USD

1H – Jun15

15.7

$0.555

8.835%

HK$4.84

Ports – HK + China

Religare Htrust

Q1 – Jun15

1.94

$0.995

7.799%

$0.907

India – Healthcare

Croesus Rtrust

2H – Jun15

3.92

$0.835

9.389%

Y83.95

Japan – Retail (7)

Asian Pay TV Tr

Q2 – Jun15

2

$0.790

10.443%

$0.890

Taiwan PayTV

Accordia Golf Tr

2H – Mar15

5.71

$0.640

13.401%

$0.870

Japan Golf Courses – 89

NOTES :

  • a-iTrust : Above DPU is based on 90% Payoutt
  • HPH Trust : DPU Not Paid for Q3 as Semi-Annual Payout Policy ; 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
  • Indiabulls : Yield Computed Using 0.069ct (2H15) + 0.0638ct (1H16)
  • CroesusRT : Exchange Rate Y100 = S$1.1631
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
  • 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)
  • KIT : Proforma FY14 DPU = 3.73ct as per Circular dated 20-May-15
  • 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

 

 

October 30, 2015 Yield Comments Off on October 2015

Performance – September 2015

STI -17.065% : 2790.89 (Sep-15) vs 3365.15 (2014)

Rank – Capital Gains

REIT

Sep-15

Dec-14

Gain

Keppel DC REIT

$ 1.020

$ 0.975

4.6%

First REIT

$ 1.290

$ 1.255

2.8%

SB REIT

$ 0.805

$ 0.790

1.9%

FrasersCT

$ 1.905

$ 1.895

0.5%

MIT

$ 1.485

$ 1.485

0.0%

Ascendasreit

$ 2.340

$ 2.380

-1.7%

Mapletree GCC Tr

$ 0.930

$ 0.950

-2.1%

ParkwayLife Reit

$ 2.300

$ 2.380

-3.4%

AscottREIT

$ 1.225

$ 1.270

-3.5%

AIMSAMP Cap Reit

$ 1.355

$ 1.415

-4.2%

StarhillGbl Reit

$ 0.755

$ 0.800

-5.6%

Fortune Reit HK$

$ 7.310

$ 7.760

-5.8%

Lippo Malls Tr

$ 0.320

$ 0.340

-5.9%

FrasersComm

$ 1.330

$ 1.415

-6.0%

Saizen REIT

$ 0.805

$ 0.860

-6.4%

CapitaMall

$ 1.900

$ 2.040

-6.9%

VIT

$ 0.735

$ 0.795

-7.5%

A-HTrust

$ 0.625

$ 0.680

-8.1%

SPHREIT

$ 0.935

$ 1.040

-10.1%

Cambridge

$ 0.610

$ 0.680

-10.3%

MCT

$ 1.255

$ 1.410

-11.0%

OUE H-Trust

$ 0.800

$ 0.905

-11.6%

CapitaRChina

$ 1.365

$ 1.615

-15.5%

CLT

$ 0.970

$ 1.160

-16.4%

MapletreeLog

$ 0.980

$ 1.185

-17.3%

Frasers Htrust

$ 0.730

$ 0.890

-18.0%

Sabana

$ 0.755

$ 0.940

-19.7%

OUE C-REIT

$ 0.640

$ 0.805

-20.5%

FE-HTrust

$ 0.645

$ 0.815

-20.9%

K-REIT

$ 0.955

$ 1.220

-21.7%

SuntecReit

$ 1.500

$ 1.960

-23.5%

CapitaComm

$ 1.340

$ 1.755

-23.6%

CDL Htrust

$ 1.300

$ 1.740

-25.3%

IREIT Global

$ 0.630

$ 0.890

-29.2%

NOTES :

  • Not Adjusted for Rights or New Issues Which May Be at a Discount
  • Sep-15: End Sep-15 Mkt Price
  • Dec-14 : End Dec-14 Mkt Price
  • Gain : Capital Gains = (Sep-15 Mkt Price – Dec-14 Mkt Price) / (Dec-14 Mkt Price)
September 30, 2015 Performance Comments Off on Performance – September 2015

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

 

 

September 30, 2015 Yield Comments Off on September 2015