Author: tfwee
Performance – December 2008
STI -49.41% : 1761.56 (Dec-08) vs 3482.30 (2007)
|
REIT |
Dec-08 |
Dec-07 |
Gain |
|---|---|---|---|
|
PLife |
S$0.76 |
S$1.13 |
-32.7% |
|
A-REIT |
S$1.37 |
S$2.46 |
-44.3% |
|
First REIT |
S$0.405 |
S$0.77 |
-47.4% |
|
MP REIT |
S$0.52 |
S$1.10 |
-52.7% |
|
LMIR |
S$0.31 |
S$0.665 |
-53.4% |
|
CMT |
S$1.59 |
S$3.46 |
-54.0% |
|
FrasersCT |
S$0.63 |
S$1.46 |
-56.8% |
|
Suntec |
S$0.71 |
S$1.71 |
-58.5% |
|
AscottREIT |
S$0.58 |
S$1.45 |
-60.0% |
|
Cambridge |
S$0.275 |
S$0.71 |
-61.3% |
|
Fortune |
HK$1.99 |
HK$5.21 |
-61.8% |
|
CCT |
S$0.895 |
S$2.44 |
-63.3% |
|
K-REIT |
S$0.70 |
S$2.13 |
-67.1% |
|
MapleTree |
S$0.35 |
S$1.09 |
-67.9% |
|
CDL HTrust |
S$0.73 |
S$2.35 |
-68.9% |
|
CapitaRChina |
S$0.60 |
S$2.15 |
-72.1% |
|
FrasersComm |
S$0.235 |
S$0.895 |
-73.7% |
|
MI-REIT |
S$0.255 |
S$1.10 |
-76.8% |
|
Saizen |
S$0.13 |
S$0.89 |
-85.4% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- Dec-08 : End Dec-08 Mkt Price
- Dec-07 : End Dec-07 Mkt Price
- Gain : Capital Gains = (Dec-08 Mkt Price – Dec-07 Mkt Price) / (Dec-07 Mkt Price)
Month End Prices – 2008
|
REIT |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
A-REIT |
S$2.17 |
S$2.25 |
S$2.38 |
S$2.57 |
S$2.45 |
S$2.21 |
S$2.30 |
S$2.30 |
S$1.87 |
S$1.58 |
S$1.48 |
S$1.37 |
|
AscottREIT |
S$1.26 |
S$1.38 |
S$1.29 |
S$1.33 |
S$1.25 |
S$1.07 |
S$1.06 |
S$0.875 |
S$0.705 |
S$0.47 |
S$0.525 |
S$0.58 |
|
Cambridge |
S$0.635 |
S$0.70 |
S$0.615 |
S$0.70 |
S$0.725 |
S$0.67 |
S$0.655 |
S$0.605 |
S$0.435 |
S$0.245 |
S$0.205 |
S$0.275 |
|
CapitaRChina |
S$1.53 |
S$1.64 |
S$1.30 |
S$1.51 |
S$1.45 |
S$1.24 |
S$1.15 |
S$0.99 |
S$0.72 |
S$0.54 |
S$0.475 |
S$0.60 |
|
CCT |
S$2.08 |
S$2.07 |
S$2.22 |
S$2.24 |
S$2.25 |
S$1.91 |
S$1.92 |
S$1.70 |
S$1.31 |
S$0.98 |
S$0.705 |
S$0.895 |
|
CDL HTrust |
S$2.09 |
S$2.32 |
S$2.07 |
S$1.92 |
S$1.95 |
S$1.76 |
S$1.43 |
S$1.15 |
S$0.86 |
S$0.66 |
S$0.61 |
S$0.73 |
|
CMT |
S$2.96 |
S$3.27 |
S$3.45 |
S$3.48 |
S$3.31 |
S$2.99 |
S$3.00 |
S$2.75 |
S$2.25 |
S$1.90 |
S$1.70 |
S$1.59 |
|
First REIT |
S$0.73 |
S$0.73 |
S$0.71 |
S$0.72 |
S$0.725 |
S$0.72 |
S$0.715 |
S$0.70 |
S$0.61 |
S$0.405 |
S$0.40 |
S$0.405 |
|
Fortune |
HK$5.50 |
HK$5.50 |
HK$5.11 |
HK$4.98 |
HK$4.98 |
HK$4.54 |
HK$4.32 |
HK$3.65 |
HK$3.01 |
HK$1.95 |
HK$1.74 |
HK$1.99 |
|
FrasersComm |
S$0.67 |
S$0.795 |
S$0.82 |
S$0.81 |
S$0.835 |
S$0.76 |
S$0.81 |
S$0.70 |
S$0.505 |
S$0.245 |
S$0.215 |
S$0.235 |
|
FrasersCT |
S$1.21 |
S$1.32 |
S$1.24 |
S$1.23 |
S$1.32 |
S$1.19 |
S$1.24 |
S$1.20 |
S$0.82 |
S$0.68 |
S$0.60 |
S$0.63 |
|
K-REIT |
S$1.50 |
S$1.66 |
S$1.53 |
S$1.51 |
S$1.47 |
S$1.39 |
S$1.41 |
S$1.27 |
S$0.96 |
S$0.76 |
S$0.60 |
S$0.70 |
|
LMIR |
S$0.60 |
S$0.66 |
S$0.595 |
S$0.57 |
S$0.555 |
S$0.545 |
S$0.60 |
S$0.58 |
S$0.515 |
S$0.255 |
S$0.28 |
S$0.31 |
|
MacCookIReit |
S$0.90 |
S$1.01 |
S$0.985 |
S$0.95 |
S$0.96 |
S$0.90 |
S$0.88 |
S$0.755 |
S$0.49 |
S$0.40 |
S$0.26 |
S$0.255 |
|
MapleTree |
S$0.92 |
S$0.955 |
S$0.995 |
S$1.03 |
S$1.00 |
S$0.85 |
S$0.73 |
S$0.67 |
S$0.73 |
S$0.415 |
S$0.335 |
S$0.35 |
|
PLife |
S$1.12 |
S$1.23 |
S$1.19 |
S$1.24 |
S$1.24 |
S$1.13 |
S$1.19 |
S$1.08 |
S$0.975 |
S$0.74 |
S$0.83 |
S$0.76 |
|
Saizen |
S$0.82 |
S$0.80 |
S$0.75 |
S$0.755 |
S$0.75 |
S$0.70 |
S$0.70 |
S$0.52 |
S$0.47 |
S$0.24 |
S$0.155 |
S$0.13 |
|
StarHill Gbl |
S$1.06 |
S$1.23 |
S$1.23 |
S$1.23 |
S$1.20 |
S$1.03 |
S$1.07 |
S$1.05 |
S$0.825 |
S$0.52 |
S$0.49 |
S$0.52 |
|
Suntec |
S$1.49 |
S$1.51 |
S$1.45 |
S$1.51 |
S$1.67 |
S$1.36 |
S$1.55 |
S$1.46 |
S$1.16 |
S$0.695 |
S$0.62 |
S$0.71 |
December 2008
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
Saizen |
FY08 – IPO |
5.30 |
S$0.13 |
40.769% |
S$1.05 |
Residential (Japan) |
|
MI-REIT |
Q2 : Sep-08 |
2.35 |
S$0.255 |
36.863% |
S$1.30 |
Industrial |
|
Cambridge |
Q3 : Sep-08 |
1.49 |
S$0.275 |
21.556% |
S$0.76 |
Industrial |
|
LMIR |
Q3 : Sep-08 |
1.6 |
S$0.31 |
20.484% |
S$0.9598 |
Malls – Indonesia |
|
FrasersComm |
Q3 : Sep-08 |
1.11 |
S$0.235 |
18.809% |
S$1.20 |
Malls + Office (S’pore and Aust) |
|
First REIT |
Q3 : Sep-08 |
1.92 |
S$0.405 |
18.765% |
S$0.9214 |
Hospitals + Hotel (Indonesia) |
|
AscottREIT |
Q3 : Sep-08 |
2.61 |
S$0.58 |
18.000% |
S$1.58 |
Serviced Apts (Regional) |
|
Fortune |
Q3 : Sep-08 |
8.65 |
HK$1.99 |
17.387% |
HK$8.90 |
Malls (HK) |
|
Suntec |
Q4: Sep-08 |
2.854 |
S$0.71 |
15.990% |
S$2.232 |
Malls + Office |
|
CDL HTrust |
Q3 : Sep-08 |
2.93 |
S$0.73 |
15.973% |
S$1.56 |
Hotels |
|
MapleTree |
Q3 : Sep-08 |
1.84 |
S$0.35 |
15.904% |
S$0.84 |
Industrial |
|
CCT |
Q3 : Sep-08 |
3.10 |
S$0.895 |
13.777% |
S$3.11 |
Office |
|
MP REIT |
Q3 : Sep-08 |
1.78 |
S$0.52 |
13.615% |
S$1.59 |
Malls + Office |
|
CapitaRChina |
Q3 : Sep-08 |
2.01 |
S$0.60 |
13.350% |
S$1.16 |
Malls (China) |
|
K-REIT |
Q3 : Sep-08 |
2.34 |
S$0.70 |
13.257% |
S$2.19 |
Office |
|
FrasersCT |
Q4 : Sep-08 |
2.05 |
S$0.63 |
13.016% |
S$1.24 |
Malls |
|
A-REIT |
Q2 : Sep-08 |
4.01 |
S$1.37 |
11.708% |
S$1.81 |
Industrial |
|
CMT |
Q3 : Sep-08 |
3.64 |
S$1.59 |
9.107% |
S$2.39 |
Malls + Office |
|
PLife |
Q3 : Sep-08 |
1.71 |
S$0.76 |
9.013% |
S$1.34 |
Hospitals |
NOTES :
- Mkt Price is as on 31-Dec-08
- Fortune : DPU Not Paid as Semi-Annual Payout Policy
- PLife : Annualised DPU = 6.85ct
- FrasersComm : Annualised DPU = 4.42ct ; DPU Not Paid as Semi-Annual Payout Policy
- Suntec : Annualised DPU = 11.353ct
- Cambridge : Annualised DPU = 5.928ct
- CDL HTrust : Annualised DPU = 11.66ct ; DPU Not Paid as Semi-Annual Payout Policy
- MP REIT : Annualised DPU = 7.08ct
- CRCT : Annualised DPU 8.01ct ; DPU Not Paid as Semi-Annual Payout Policy
- LMIR : Annualised DPU = 6.35ct
- FrasersCT : DPU = 1.59ct + 0.46ct (Income retained from previous quarters)
- CCT : Annualised DPU = 12.33ct ; DPU Not Paid as Semi-Annual Payout Policy
- AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
- MapleTree : Uses MLT-A DPU 0.61ct (Issued on 22-Aug-08) to Compute Annualised Yield in Above Table
- First REIT : Annualised DPU = 7.60ct
- CMT : Annualised DPU = 14.48ct
- KREIT : Annualised DPU = 9.28ct ; DPU Not Paid as Semi-Annual Payout Policy
- Saizen : Actual Payout 4.67ct as per IPO Forecast ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
- KREIT : FY08 DPU Forecast 7.53ct (8-for-5 Rights @ $1.39)
- LMIR : IPO Forecast – FY07 (Dec07) : 2.74ct (Annualised for 1-Jul-07 to 31-Dec-07) ; FY08 : 5.84ct ; FY09 : 6.27ct
- Saizen : IPO Forecast – FY09 (Jun09) : 5.65ct ; FY08 (Jun08) : 4.67ct (Incl. Bonus Div) / Annualised Yield 5.3% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
- PLife : IPO Forecast – 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
PacShipTr US$ |
Q3 : Sep-08 |
1.0953 |
US$0.145 |
30.215% |
$0.40 |
Shipping Trust |
|
FSL Trust |
Q3 : Sep-08 |
3.05 |
S$0.49 |
35.803% |
$0.77 |
Shipping Trust |
|
Rickmers |
Q3 : Sep-08 |
2.25 |
S$0.39 |
33.185% |
$0.96 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4380:US$1 fm Yahoo Finance)
- FSL : Annualised DPU 12.2ct
- FSL : SGX Annc (12-May-08) Quarterly DPU Forecast – Q208 US2.77ct ; Q308 US3.05ct
- Rickmers : SGX Annc (5-May-08) Quarterly DPU Forecast (Pg 7) – US 2.25ct (Q308)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
CitySpring |
Q2 : Sep-08 |
1.75 |
$0.50 |
14.000% |
$0.52 |
Infrastructure – Water, Gas |
|
AscendasIndT |
1H : Sep-08 |
3.47 |
$0.455 |
15.253% |
$0.99 |
India – Industrial Park |
|
HWT |
Q3 : Sep-08 |
1.3 |
$0.355 |
14.648% |
$0.78 |
China – Water Plant |
|
Indiabulls |
FY09 – IPO |
5.12 |
$0.26 |
19.692% |
$1.185 |
India – Office |
NOTES :
- HWT : DPU = 0.91ct if No Sponsor waiver ; DPU Not Paid Out as Semi-Annual Payout Policy
- Indiabulls : Listing on 11-Jun-08 2PM
- Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
- HWT : IPO Forecast – 2.09ct (1H08) ; 4.88ct (FY08) / SGX Annc – Pg 12 (Distribution Statement)
- HWT : Listing on 3-Dec-07 2PM
- HWT : IPO Forecast – 4.46ct (FY08) – Sponsor (25% s/h) undertaken to waive entitlement to distributions, else DPU 3.34ct (Yield 4.282% @ $0.78) ; 5.06ct (FY09) – Yield 6.744% @ $0.78