Category: Yield
July 2014
Results Announcement
- 11 Jul 14 : SPHREIT – Updated
- 15 Jul 14 : FirstREIT – Updated
- 16 Jul 14 : Sabana – Updated
- 18 Jul 14 (AM) : CCT – Updated
- 21 Jul 14 : CLT – Updated
- 21 Jul 14 : AscottREIT – Updated
- 21 Jul 14 : FCOT – Updated
- 21 Jul 14 : MLT – Updated
- 21 Jul 14 : KeppelREIT – Updated
- 21 Jul 14 : KIT – Updated
- 22 Jul 14 : FCT – Updated
- 22 Jul 14 : Suntec – Updated
- 22 Jul 14 : MIT – Updated
- 23 Jul 14 (AM) : CMT – Updated
- 23 Jul 14 : A-REIT – Updated
- 24 Jul 14 (AM) : Cambridge – Updated
- 24 Jul 14 (AM) : CRCT – Updated
- 24 Jul 14 : MCT – Updated
- 24 Jul 14 : CDL H-Trust – Updated
- 24 Jul 14 : a-iTrust – Updated
- 25 Jul 14 : MGCT – Updated
- 25 Jul 14 : HPH-Trust – Updated
- 25 Jul 14 : Fortune – Updated
- 29 Jul 14 : SBREIT – Updated
- 29 Jul 14 : Starhill – Updated
- 30 Jul 14 (AM) : AIMSAMPReit – Updated
- 30 Jul 14 : OUE C-Trust – Updated
- 31 Jul 14 : OUE H-Trust – Updated
- 31 Jul 14 : VIT – Updated
- 4 Aug 14 (AM) : PLife
- 5 Aug 14 (AM) : FE-HTrust
- 5 Aug 14 : Forterra
- 5 Aug 14 : PCRT
- 6 Aug 14 : Rickmers
- 7 Aug 14 : LMIR
- 12 Aug 14 (AM) : APTT
- 13 Aug 14 : Cityspring
- 13 Aug 14 : Religare
- 14 Aug 14 : FSL
- 28 Aug 14 (AM) : CRT
REITs : Average Yield = 6.380%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Viva Ind Tr |
Q2 – Jun14 |
1.723 |
$0.815 |
8.480% |
$0.751 |
38.50% |
Biz Park (77.6%) + Hotel (18.6%) + Logistics (3.8%) by Valuation |
|
SoilbuildBizREIT |
Q2 – Jun14 |
1.500 |
$0.810 |
7.407% |
$0.800 |
30.30% |
Business Park (2) + Industrial (5) |
|
Ascendas-hTrust |
2H – Mar14 |
2.813 |
$0.765 |
7.354% |
$0.770 |
35.60% |
Hotels : Australia (51%) + Singapore (24%) + Japan (16%) + China (9%) |
|
OUE Htrust |
Q2 – Jun14 |
1.640 |
$0.905 |
7.249% |
$0.900 |
32.70% |
Hotel (69%) + Retail (31%) by Asset |
|
Sabana REIT |
Q2 – Jun14 |
1.860 |
$1.030 |
7.243% |
$1.070 |
37.00% |
Industrial (22) |
|
Cache Log Trust |
Q2 – Jun14 |
2.147 |
$1.205 |
7.147% |
$0.970 |
28.90% |
Industrial : Singapore (13) + Shanghai (1) |
|
Mapletree Ind Tr |
Q1 – Jun14 |
2.510 |
$1.405 |
7.146% |
$1.200 |
33.60% |
Industrial (85) |
|
Cambridge Ind Tr |
Q2 – Jun14 |
1.251 |
$0.715 |
7.018% |
$0.685 |
32.00% |
Industrial (48) |
|
OUE COMMERCIAL REIT |
1H – Jun14 |
2.430 |
$0.830 |
6.894% |
$1.060 |
39.50% |
Retail (10.9%) + Office (89.1%) by Revenue |
|
AIMSAMP Cap Reit |
Q1 – Jun14 |
2.550 |
$1.495 |
6.823% |
$1.480 |
32.00% |
Industrial (26) |
|
Saizen REIT |
1H – Dec13 |
3.250 |
$0.955 |
6.806% |
$1.170 |
38.00% |
Residential (Japan) – 139 |
|
Mapletree GCC Tr |
Q1 – Jun14 |
1.560 |
$0.920 |
6.801% |
$1.018 |
38.60% |
Retail + Office (China + HK) |
|
FHT |
FY14 – IPO |
3.040 |
$0.895 |
6.775% |
$0.830 |
41.70% |
Hotel (60.7%) + Serviced Apt (39.3%) |
|
First REIT |
Q2 – Jun14 |
2.000 |
$1.220 |
6.598% |
$0.970 |
32.90% |
Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3) |
|
Lippo Malls Tr |
Q1 – Mar14 |
0.680 |
$0.415 |
6.554% |
$0.452 |
26.70% |
Retail (Indonesia) |
|
Mapletree Log Tr |
Q1 – Jun14 |
1.900 |
$1.175 |
6.468% |
$0.970 |
33.40% |
Industrial (112) |
|
Ascott Reit |
1H – Jun14 |
3.937 |
$1.235 |
6.376% |
$1.380 |
36.40% |
Serviced Apts (83) : AsiaPacific (64%) + Europe (36%) |
|
Ascendas Reit |
Q1 – Jun14 |
3.640 |
$2.330 |
6.249% |
$2.020 |
31.60% |
Industrial : Singapore (103) + China (2) |
|
Frasers Com Tr |
Q3 – Jun14 |
2.191 |
$1.405 |
6.249% |
$1.560 |
37.70% |
Office + Retail (5) |
|
StarhillGbl Reit |
Q2 – Jun14 |
1.250 |
$0.825 |
6.073% |
$0.920 |
29.40% |
Retail (86.6%) + Office (13.4%) by Revenue |
|
CDL Htrust |
1H – Jun14 |
5.250 |
$1.750 |
6.051% |
$1.642 |
29.50% |
Hotels : Singapore (77.1%) + Australia (10.5%) + NZ (4.5%) + Maldives (7.9%) |
|
Keppel Reit |
Q2 – Jun14 |
1.900 |
$1.270 |
6.000% |
$1.380 |
42.80% |
Offices : Singapore (5) + Australia (5) |
|
Far East HTrust |
Q1 – Mar14 |
1.300 |
$0.875 |
5.943% |
$0.980 |
30.90% |
Hotels (67.4%) + Serviced Apts (13.9%) + Commercial (18.7%) by Revenue |
|
CapitaR China Tr |
1H – Jun14 |
4.990 |
$1.705 |
5.900% |
$1.480 |
29.80% |
Retail (China) – 10 |
|
Frasers Cpt Tr |
Q3 – Jun14 |
3.022 |
$1.940 |
5.867% |
$1.780 |
30.20% |
Retail (6) + 31.17% of Hektar (MREIT) |
|
Fortune Reit HKD |
1H – Jun14 |
20.880 |
$7.340 |
5.689% |
$11.010 |
31.10% |
Retail (HK) |
|
Mapletree Com Tr |
Q1 – Jun14 |
1.950 |
$1.400 |
5.571% |
$1.160 |
38.30% |
Retail + Office |
|
CapitaMall Trust |
Q2 – Jun14 |
2.690 |
$1.970 |
5.477% |
$1.760 |
34.30% |
Retail (16) + Office |
|
SPHREIT |
Q3 – May14 |
1.350 |
$1.060 |
5.094% |
$0.900 |
26.90% |
Retail (2) |
|
Suntec Reit |
Q2 – Jun14 |
2.266 |
$1.790 |
5.078% |
$2.046 |
34.10% |
Retail + Office |
|
CapitaCom Trust |
1H – Jun14 |
4.220 |
$1.665 |
5.069% |
$1.670 |
28.80% |
Office (66%) + Retail (20%) + Hotel (14%) by Gross Rental Income |
|
ParkwayLife Reit |
Q1 – Mar14 |
2.820 |
$2.390 |
4.720% |
$1.600 |
35.00% |
Hospitals + Nursing Homes = 47 |
NOTES :
- Mkt Price is as on 31-Jul-14
- 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
- A-HTrust : DPU Payout = 2.8813ct = 2.8129ct (1-Oct-13 to 31-Mar-14) + 0.0684ct (1-Apr-14 to 8-Apr-14) Already xd on 4-Apr-14
- 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
- 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
- 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
- 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
- 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
- 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
- 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
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q1 – Mar14 |
0 |
$0.092 |
0.000% |
$0.400 |
Shipping Trust |
|
RickmersMaritime |
Q1 – Mar14 |
0.6 |
$0.300 |
9.983% |
$0.630 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2479:US$1 fm Yahoo Finance)
- Rickmers : 24% 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 |
Q4 – Mar14 |
0.82 |
$0.500 |
6.560% |
$0.234 |
Infrastructure – Water + Gas + Power |
|
Keppel Infra Tr |
1H – Jun14 |
7.82 |
$1.035 |
7.556% |
$0.930 |
Energy (Incineration) + Water (NEWater) |
|
Ascendas-iTrust |
Q1 – Jun14 |
1.15 |
$0.840 |
5.476% |
$0.600 |
India – Industrial Park |
|
Indiabulls Trust |
2H – Mar14 |
0.0162 |
$0.142 |
0.223% |
$0.341 |
India – Office |
|
HPH Trust USD |
2H – Dec13 |
22.3 |
$0.745 |
7.101% |
HK$7.32 |
Ports – HK + China |
|
Forterra Trust |
2H – Dec13 |
— |
$1.700 |
0.000% |
$4.440 |
China – Retail + Office + Industrial |
|
Perennial CRT |
Q1 – Mar14 |
0.95 |
$0.545 |
7.064% |
$0.730 |
China Retail |
|
Religare Htrust |
Q3 – Dec13 |
2.14 |
$0.920 |
9.304% |
$0.804 |
India – Healthcare |
|
Croesus Rtrust |
Q3 – Mar14 |
1.76 |
$1.015 |
6.936% |
Y70.95 |
Japan – Retail |
|
Asian Pay TV Tr |
2H – Dec13 |
4.13 |
$0.850 |
9.706% |
$0.870 |
Taiwan PayTV |
NOTES :
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7500:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (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
- CRT : DPU Not Paid as Semi-Annual Payout Policy
- APTT : DPU Not Paid as Semi-Annual Payout ; Above Yield uses FY14 (IPO Projection) DPU = 8.25ct ; ie 1H = 4.12ct + 2H = 4.13ct
- PCRT : DPU Not Paid as Semi-Annual Payout ; Annualised Yield = 3.85ct
- CitySpring : Guidance for FY15 DPU = 3.28ct ie 0.82ct / Q
- CroesusRT : Annualised DPU = 8.11ct ; Above DPU is for the Period 10-May-13 to 31-Dec-13 ; Exchange Rate Y100 = S$1.2124
- Indiabulls : No DPU Payout as Semi-Annual Policy
- Religare : 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
June 2014
REITs : Average Yield = 6.456%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Viva Ind Tr |
Q1 – Mar14 |
1.722 |
$0.795 |
8.785% |
$0.757 |
38.90% |
Biz Park (77.6%) + Hotel (18.6%) + Logistics (3.8%) |
|
OUE Htrust |
Q1 – Mar14 |
1.680 |
$0.890 |
7.551% |
$0.910 |
32.20% |
Hotel (69%) + Retail (31%) |
|
SoilbuildBizREIT |
Q1 – Mar14 |
1.562 |
$0.800 |
7.535% |
$0.810 |
29.10% |
Business Park (2) + Industrial (5) |
|
Ascendas-hTrust |
2H – Mar14 |
2.813 |
$0.750 |
7.501% |
$0.770 |
35.60% |
Hotels : Australia (51%) + Singapore (24%) + Japan (16%) + China (9%) |
|
Sabana REIT |
Q1 – Mar14 |
1.880 |
$1.045 |
7.292% |
$1.070 |
37.00% |
Industrial (22) |
|
Cache Log Trust |
Q1 – Mar14 |
2.140 |
$1.195 |
7.263% |
$0.980 |
29.10% |
Industrial : Singapore (12) + Shanghai (1) |
|
Mapletree GCC Tr |
2H – Mar14 |
3.099 |
$0.865 |
7.165% |
$1.058 |
38.00% |
Retail + Office (China + HK) |
|
OUE COMMERCIAL REIT |
Q1 – Mar14 |
1.000 |
$0.800 |
7.129% |
$1.060 |
40.80% |
Retail + Office |
|
Mapletree Ind Tr |
Q4 – Mar14 |
2.510 |
$1.430 |
7.021% |
$1.200 |
34.40% |
Industrial (84) |
|
AIMSAMP Cap Reit |
Q4 – Mar14 |
2.510 |
$1.440 |
6.972% |
$1.468 |
31.70% |
Industrial (26) |
|
Saizen REIT |
1H – Dec13 |
3.250 |
$0.940 |
6.915% |
$1.170 |
38.00% |
Residential (Japan) – 139 |
|
First REIT |
Q1 – Mar14 |
1.990 |
$1.185 |
6.810% |
$0.965 |
32.30% |
Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3) |
|
Lippo Malls Tr |
Q1 – Mar14 |
0.680 |
$0.400 |
6.800% |
$0.452 |
26.70% |
Retail (Indonesia) |
|
CapitaR China Tr |
Q1 – Mar14 |
2.400 |
$1.480 |
6.574% |
$1.450 |
31.80% |
Retail (China) – 10 |
|
Cambridge Ind Tr |
Q1 – Mar14 |
1.251 |
$0.775 |
6.547% |
$0.694 |
29.90% |
Industrial (48) |
|
Mapletree Log Tr |
Q4 – Mar14 |
1.890 |
$1.165 |
6.489% |
$0.970 |
33.30% |
Industrial (111) |
|
CDL Htrust |
Q1 – Mar14 |
2.750 |
$1.760 |
6.335% |
$1.617 |
29.90% |
Hotels : Singapore (77.1%) + Australia (10.5%) + NZ (4.5%) + Maldives (7.9%) |
|
Keppel Reit |
Q1 – Mar14 |
1.970 |
$1.280 |
6.242% |
$1.370 |
42.40% |
Offices : Singapore (5) + Australia (4) |
|
Ascendas Reit |
Q4 – Mar14 |
3.550 |
$2.300 |
6.174% |
$2.020 |
30.00% |
Industrial : Singapore (105) + China (2) |
|
Fortune Reit HKD |
Q1 – Mar14 |
10.380 |
$6.770 |
6.133% |
$10.240 |
32.90% |
Retail (HK) |
|
Frasers Com Tr |
Q2 – Mar14 |
2.052 |
$1.355 |
6.133% |
$1.550 |
37.80% |
Office + Retail (5) |
|
StarhillGbl Reit |
Q1 – Mar14 |
1.240 |
$0.825 |
6.097% |
$0.920 |
29.60% |
Retail (86.8%) + Office (13.2%) by Revenue |
|
Far East HTrust |
Q1 – Mar14 |
1.300 |
$0.870 |
5.977% |
$0.980 |
30.90% |
Hotels (67.4%) + Serviced Apts (13.9%) + Commercial (18.7%) by Revenue |
|
Frasers Cpt Tr |
Q2 – Mar14 |
2.880 |
$1.895 |
5.916% |
$1.780 |
27.70% |
Retail (5) + 31.17% of Hektar (MREIT) |
|
Ascott Reit |
Q1 – Mar14 |
1.750 |
$1.225 |
5.714% |
$1.360 |
35.90% |
Serviced Apts (82) : AsiaPacific (63.4%) + Europe (36.6%) |
|
Mapletree Com Tr |
Q4 – Mar14 |
1.953 |
$1.370 |
5.702% |
$1.160 |
38.70% |
Retail + Office |
|
SPHREIT |
Q2 – Feb14 |
1.390 |
$1.025 |
5.424% |
$0.900 |
26.90% |
Retail (2) |
|
CapitaMall Trust |
Q1 – Mar14 |
2.570 |
$1.975 |
5.276% |
$1.710 |
35.10% |
Retail (16) + Office |
|
Suntec Reit |
Q1 – Mar14 |
2.229 |
$1.810 |
4.994% |
$2.056 |
37.30% |
Retail + Office |
|
CapitaCom Trust |
Q1 – Mar14 |
2.080 |
$1.700 |
4.894% |
$1.660 |
30.00% |
Office (65%) + Retail (21%) + Hotel (14%) |
|
ParkwayLife Reit |
Q1 – Mar14 |
2.820 |
$2.360 |
4.780% |
$1.600 |
35.00% |
Hospitals + Nursing Homes = 47 |
NOTES :
- Mkt Price is as on 30-Jun-14
- A-HTrust : DPU Payout = 2.8813ct = 2.8129ct (1-Oct-13 to 31-Mar-14) + 0.0684ct (1-Apr-14 to 8-Apr-14) Already xd on 4-Apr-14
- VIT : Annualised DPU = 6.984ct
- OUE C-Trust : For the Period 27-Jan-14 to 31-Mar-14
- CRCT : DPU Not Paid as Semi-Annual Payout Policy
- PLife : Annualised DPU = 11.28ct
- SB REIT : Annualised DPU = 6.028ct (Excludes One-Off Income of $400k)
- StarHill Global : Annualised DPU = 5.03ct
- CDL H-Trust : DPU Not Paid as Semi-Annual Payout Policy ; Annualised DPU = 11.15ct
- CRCT : DPU Not Paid as Semi-Annual Payout Policy ; Annualised DPU = 9.73ct
- Suntec : Annualised DPU = 9.04ct ; DPU = Advanced 2.105ct (1-Jan to 26-Mar) Already Paid + 0.124ct (27-Mar to 31-Mar)
- AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
- FCOT : Annualised DPU = 8.31ct
- CMT : Annualised DPU = 10.42ct
- CLT : Annualised DPU = 8.679ct
- FCT : Above Yield is Computed using last 4Qs DPU = 11.21ct ie 2.5ct (Dec13) + 2.98ct (Sep13) + 2.85ct (Jun13) + 2.88ct (Mar14)
- CCT : DPU Not Paid as Semi-Annual Payout Policy
- Sabana : Annualised DPU = 7.62ct
- Cambridge : Annualised DPU = 5.074ct
- FirstREIT : Annualised DPU = 8.07ct
- Keppel REIT : Annualised DPU = 7.99ct
- 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
- Suntec : Includes Capital = 0.175ct
- 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
- 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
- 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
- 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
- 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
- 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
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q1 – Mar14 |
0 |
$0.090 |
0.000% |
$0.400 |
Shipping Trust |
|
RickmersMaritime |
Q1 – Mar14 |
0.6 |
$0.295 |
10.154% |
$0.630 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2481:US$1 fm Yahoo Finance)
- Rickmers : 24% 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 |
Q4 – Mar14 |
0.82 |
$0.475 |
6.905% |
$0.234 |
Infrastructure – Water + Gas + Power |
|
Keppel Infra Tr |
2H – Dec13 |
7.82 |
$1.045 |
7.483% |
$0.960 |
Energy (Incineration) + Water (NEWater) |
|
Ascendas-iTrust |
2H – Mar14 |
2.32 |
$0.835 |
5.557% |
$0.620 |
India – Industrial Park |
|
Indiabulls Trust |
2H – Mar14 |
0.0162 |
$0.130 |
0.243% |
$0.341 |
India – Office |
|
HPH Trust USD |
2H – Dec13 |
22.3 |
$0.720 |
7.347% |
HK$7.32 |
Ports – HK + China |
|
Forterra Trust |
2H – Dec13 |
— |
$1.650 |
0.000% |
$4.440 |
China – Retail + Office + Industrial |
|
Perennial CRT |
Q1 – Mar14 |
0.95 |
$0.540 |
7.130% |
$0.730 |
China Retail |
|
Religare Htrust |
Q3 – Dec13 |
2.14 |
$0.925 |
9.254% |
$0.804 |
India – Healthcare |
|
Croesus Rtrust |
Q3 – Mar14 |
1.76 |
$0.955 |
7.372% |
Y70.95 |
Japan – Retail |
|
Asian Pay TV Tr |
2H – Dec13 |
4.13 |
$0.780 |
10.577% |
$0.870 |
Taiwan PayTV |
NOTES :
- CRT : DPU Not Paid as Semi-Annual Payout Policy
- APTT : DPU Not Paid as Semi-Annual Payout ; Above Yield uses FY14 (IPO Projection) DPU = 8.25ct ; ie 1H = 4.12ct + 2H = 4.13ct
- PCRT : DPU Not Paid as Semi-Annual Payout ; Annualised Yield = 3.85ct
- CitySpring : Guidance for FY15 DPU = 3.28ct ie 0.82ct / Q
- CroesusRT : Annualised DPU = 8.11ct ; Above DPU is for the Period 10-May-13 to 31-Dec-13 ; Exchange Rate Y100 = S$1.2313
- Indiabulls : No DPU Payout as Semi-Annual Policy
- Religare : No DPU Payout as Semi-Annual Policy
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7506:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun13) = HK18.7ct + 2H (Dec13) = HK22.3ct
- a-iTrust : No DPU Payout as Semi-Annual Payout Policy ; Above DPU is based on 90% Payout
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- 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
- 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
May 2014
Results Announcement
- 2 May 14 (AM) : PLife (Table Updated)
- 2 May 14 : Rickmers (Table Updated)
- 5 May 14 : CitySpring (Table Updated)
- 5 May 14 : LMIR (Table Updated)
- 5 May 14 : Forterra (Table Updated)
- 5 May 14 : OUE H-Trust (Table Updated)
- 6 May 14 (AM) : APTT (Table Updated)
- 6 May 14 : PCRT(Table Updated)
- 7 May 14 (AM) : AIMSAMPReit (Table Updated)
- 8 May 14 : OUE C-Trust (Table Updated)
- 8 May 14 : Saizen (Table Updated)
- 14 May 14 : VIT (Table Updated)
- 15 May 14 (AM) : CRT (Table Updated)
- 15 May 14 : A-HTrust (Table Updated)
- 15 May 14 : FSL (Table Updated)
REITs : Average Yield = 6.403%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Viva Ind Tr |
Q1 – Mar14 |
1.722 |
$0.785 |
8.897% |
$0.757 |
38.90% |
Biz Park (77.6%) + Hotel (18.6%) + Logistics (3.8%) |
|
OUE Htrust |
Q1 – Mar14 |
1.680 |
$0.885 |
7.593% |
$0.910 |
32.20% |
Hotel (69%) + Retail (31%) |
|
SoilbuildBizREIT |
Q1 – Mar14 |
1.562 |
$0.800 |
7.535% |
$0.810 |
29.10% |
Business Park (2) + Industrial (5) |
|
Ascendas-hTrust |
2H – Mar14 |
2.813 |
$0.750 |
7.501% |
$0.770 |
35.60% |
Hotels : Australia (51%) + Singapore (24%) + Japan (16%) + China (9%) |
|
Sabana REIT |
Q1 – Mar14 |
1.880 |
$1.060 |
7.189% |
$1.070 |
37.00% |
Industrial (22) |
|
OUE COMMERCIAL REIT |
Q1 – Mar14 |
1.000 |
$0.795 |
7.174% |
$1.060 |
40.80% |
Retail + Office |
|
Cache Log Trust |
Q1 – Mar14 |
2.140 |
$1.210 |
7.173% |
$0.980 |
29.10% |
Industrial : Singapore (12) + Shanghai (1) |
|
Mapletree Ind Tr |
Q4 – Mar14 |
2.510 |
$1.440 |
6.972% |
$1.200 |
34.40% |
Industrial (84) |
|
Mapletree GCC Tr |
2H – Mar14 |
3.099 |
$0.895 |
6.925% |
$1.058 |
38.00% |
Retail + Office (China + HK) |
|
AIMSAMP Cap Reit |
Q4 – Mar14 |
2.510 |
$1.450 |
6.924% |
$1.468 |
31.70% |
Industrial (26) |
|
First REIT |
Q1 – Mar14 |
1.990 |
$1.190 |
6.782% |
$0.965 |
32.30% |
Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3) |
|
Saizen REIT |
1H – Dec13 |
3.250 |
$0.960 |
6.771% |
$1.170 |
38.00% |
Residential (Japan) – 139 |
|
Lippo Malls Tr |
Q1 – Mar14 |
0.680 |
$0.405 |
6.716% |
$0.452 |
26.70% |
Retail (Indonesia) |
|
Cambridge Ind Tr |
Q1 – Mar14 |
1.251 |
$0.775 |
6.547% |
$0.694 |
29.90% |
Industrial (48) |
|
CDL Htrust |
Q1 – Mar14 |
2.750 |
$1.735 |
6.427% |
$1.617 |
29.90% |
Hotels : Singapore (77.1%) + Australia (10.5%) + NZ (4.5%) + Maldives (7.9%) |
|
CapitaR China Tr |
Q1 – Mar14 |
2.400 |
$1.520 |
6.401% |
$1.450 |
31.80% |
Retail (China) – 10 |
|
Mapletree Log Tr |
Q4 – Mar14 |
1.890 |
$1.185 |
6.380% |
$0.970 |
33.30% |
Industrial (111) |
|
Fortune Reit HKD |
Q1 – Mar14 |
10.380 |
$6.780 |
6.124% |
$10.240 |
32.90% |
Retail (HK) |
|
Keppel Reit |
Q1 – Mar14 |
1.970 |
$1.305 |
6.123% |
$1.370 |
42.40% |
Offices : Singapore (5) + Australia (4) |
|
Frasers Com Tr |
Q2 – Mar14 |
2.052 |
$1.360 |
6.110% |
$1.550 |
37.80% |
Office + Retail (5) |
|
StarhillGbl Reit |
Q1 – Mar14 |
1.240 |
$0.835 |
6.024% |
$0.920 |
29.60% |
Retail (86.8%) + Office (13.2%) by Revenue |
|
Frasers Cpt Tr |
Q2 – Mar14 |
2.880 |
$1.915 |
5.854% |
$1.780 |
27.70% |
Retail (5) + 31.17% of Hektar (MREIT) |
|
Far East HTrust |
Q1 – Mar14 |
1.300 |
$0.890 |
5.843% |
$0.980 |
30.90% |
Hotels (67.4%) + Serviced Apts (13.9%) + Commercial (18.7%) by Revenue |
|
Mapletree Com Tr |
Q4 – Mar14 |
1.953 |
$1.345 |
5.808% |
$1.160 |
38.70% |
Retail + Office |
|
Ascendas Reit |
Q4 – Mar14 |
3.550 |
$2.460 |
5.772% |
$2.020 |
30.00% |
Industrial : Singapore (105) + China (2) |
|
Ascott Reit |
Q1 – Mar14 |
1.750 |
$1.230 |
5.691% |
$1.360 |
35.90% |
Serviced Apts (82) : AsiaPacific (63.4%) + Europe (36.6%) |
|
SPHREIT |
Q2 – Feb14 |
1.390 |
$1.015 |
5.478% |
$0.900 |
26.90% |
Retail (2) |
|
Suntec Reit |
Q1 – Mar14 |
2.229 |
$1.795 |
5.036% |
$2.056 |
37.30% |
Retail + Office |
|
CapitaMall Trust |
Q1 – Mar14 |
2.570 |
$2.070 |
5.034% |
$1.710 |
35.10% |
Retail (16) + Office |
|
CapitaCom Trust |
Q1 – Mar14 |
2.080 |
$1.690 |
4.923% |
$1.660 |
30.00% |
Office (65%) + Retail (21%) + Hotel (14%) |
|
ParkwayLife Reit |
Q1 – Mar14 |
2.820 |
$2.370 |
4.759% |
$1.600 |
35.00% |
Hospitals + Nursing Homes = 47 |
NOTES :
- Mkt Price is as on 30-May-14
- A-HTrust : DPU Payout = 2.8813ct = 2.8129ct (1-Oct-13 to 31-Mar-14) + 0.0684ct (1-Apr-14 to 8-Apr-14) Already xd on 4-Apr-14
- VIT : Annualised DPU = 6.984ct
- OUE C-Trust : For the Period 27-Jan-14 to 31-Mar-14
- CRCT : DPU Not Paid as Semi-Annual Payout Policy
- PLife : Annualised DPU = 11.28ct
- SB REIT : Annualised DPU = 6.028ct (Excludes One-Off Income of $400k)
- StarHill Global : Annualised DPU = 5.03ct
- CDL H-Trust : DPU Not Paid as Semi-Annual Payout Policy ; Annualised DPU = 11.15ct
- CRCT : DPU Not Paid as Semi-Annual Payout Policy ; Annualised DPU = 9.73ct
- Suntec : Annualised DPU = 9.04ct ; DPU = Advanced 2.105ct (1-Jan to 26-Mar) Already Paid + 0.124ct (27-Mar to 31-Mar)
- AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
- FCOT : Annualised DPU = 8.31ct
- CMT : Annualised DPU = 10.42ct
- CLT : Annualised DPU = 8.679ct
- FCT : Above Yield is Computed using last 4Qs DPU = 11.21ct ie 2.5ct (Dec13) + 2.98ct (Sep13) + 2.85ct (Jun13) + 2.88ct (Mar14)
- CCT : DPU Not Paid as Semi-Annual Payout Policy
- Sabana : Annualised DPU = 7.62ct
- Cambridge : Annualised DPU = 5.074ct
- FirstREIT : Annualised DPU = 8.07ct
- Keppel REIT : Annualised DPU = 7.99ct
- 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
- Suntec : Includes Capital = 0.175ct
- 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
- 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
- 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
- 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
- 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
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q1 – Mar14 |
0 |
$0.090 |
0.000% |
$0.400 |
Shipping Trust |
|
RickmersMaritime |
Q1 – Mar14 |
0.6 |
$0.290 |
10.375% |
$0.630 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2537:US$1 fm Yahoo Finance)
- Rickmers : 24% 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 |
Q4 – Mar14 |
0.82 |
$0.490 |
6.694% |
$0.234 |
Infrastructure – Water + Gas + Power |
|
Keppel Infra Tr |
2H – Dec13 |
7.82 |
$1.045 |
7.483% |
$0.960 |
Energy (Incineration) + Water (NEWater) |
|
Ascendas-iTrust |
2H – Mar14 |
2.32 |
$0.790 |
5.873% |
$0.620 |
India – Industrial Park |
|
Indiabulls Trust |
1H – Sep13 |
0.0154 |
$0.110 |
0.280% |
$0.347 |
India – Office |
|
HPH Trust USD |
2H – Dec13 |
22.3 |
$0.750 |
7.051% |
HK$7.32 |
Ports – HK + China |
|
Forterra Trust |
2H – Dec13 |
— |
$1.690 |
0.000% |
$4.440 |
China – Retail + Office + Industrial |
|
Perennial CRT |
Q1 – Mar14 |
0.95 |
$0.550 |
7.000% |
$0.730 |
China Retail |
|
Religare Htrust |
Q3 – Dec13 |
2.14 |
$0.850 |
10.071% |
$0.804 |
India – Healthcare |
|
Croesus Rtrust |
Q3 – Mar14 |
1.76 |
$0.945 |
7.450% |
Y70.95 |
Japan – Retail |
|
Asian Pay TV Tr |
2H – Dec13 |
4.13 |
$0.760 |
10.855% |
$0.870 |
Taiwan PayTV |
NOTES :
- CRT : DPU Not Paid as Semi-Annual Payout Policy
- APTT : DPU Not Paid as Semi-Annual Payout ; Above Yield uses FY14 (IPO Projection) DPU = 8.25ct ; ie 1H = 4.12ct + 2H = 4.13ct
- PCRT : DPU Not Paid as Semi-Annual Payout ; Annualised Yield = 3.85ct
- CitySpring : Guidance for FY15 DPU = 3.28ct ie 0.82ct / Q
- CroesusRT : Annualised DPU = 8.11ct ; Above DPU is for the Period 10-May-13 to 31-Dec-13 ; Exchange Rate Y100 = S$1.2332
- Indiabulls : No DPU Payout as Semi-Annual Policy
- Religare : No DPU Payout as Semi-Annual Policy
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7527:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun13) = HK18.7ct + 2H (Dec13) = HK22.3ct
- a-iTrust : No DPU Payout as Semi-Annual Payout Policy ; Above DPU is based on 90% Payout
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- 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
- 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
April 2014
Results Announcement
- 8 Apr 14 : SPH REIT (Updated)
- 14 Apr 14 : FirstREIT (Updated)
- 14 Apr 14 : KeppelREIT (Updated)
- 14 Apr 14 : KGT (Updated)
- 16 Apr 14 (AM) : Cambridge (Updated)
- 16 Apr 14 : Sabana (Updated)
- 17 Apr 14 : CCT (Updated)
- 21 Apr 14 : A-REIT (Updated)
- 21 Apr 14 : MLT (Updated)
- 21 Apr 14 : MGCT (Updated)
- 22 Apr 14 : MIT (Updated)
- 22 Apr 14 : FCT (Updated)
- 23 Apr 14 (AM) : CMT (Updated)
- 23 Apr 14 : MCT (Updated)
- 23 Apr 14 : FCOT (Updated)
- 23 Apr 14 : CLT (Updated)
- 24 Apr 14 (AM) : ART (Updated)
- 24 Apr 14 (AM) : CRCT (Updated)
- 24 Apr 14 : a-iTrust (Updated)
- 24 Apr 14 : Suntec (Updated)
- 25 Apr 14 : CDL H-Trust (Updated)
- 28 Apr 14 : HPH-Trust (Updated)
- 29 Apr 14 (AM) : FE-HTrust (Updated)
- 29 Apr 14 : SB REIT (Updated)
- 29 Apr 14 : Starhill Global (Updated)
- 2 May 14 : Rickmers
- 5 May 14 : CitySpring
- 5 May 14 : LMIR
- 5 May 14 : Forterra
- 5 May 14 : OUE H-Trust
- 6 May 14 : PCRT
- 9 May 14 (AM) : Saizen
REITs : Average Yield = 6.678%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Ascendas-hTrust |
Q3 – Dec13 |
1.610 |
$0.720 |
8.944% |
$0.730 |
35.80% |
Hotels : Australia (53%) + Singapore (23%) + Japan (16%) + China (8%) |
|
Viva Ind Tr |
Q4 – Dec13 |
1.080 |
$0.785 |
8.659% |
$0.750 |
38.80% |
Biz Park (77.6%) + Hotel (18.6%) + Logistics (3.8%) |
|
Lippo Malls Tr |
Q4 – Dec13 |
0.560 |
$0.405 |
8.025% |
$0.412 |
34.30% |
Retail (Indonesia) |
|
AIMSAMP Cap Reit |
Q3 – Dec13 |
2.770 |
$1.415 |
7.830% |
$1.518 |
26.50% |
Industrial (25) |
|
SoilbuildBizREIT |
Q1 – Mar14 |
1.562 |
$0.785 |
7.679% |
$0.810 |
29.10% |
Business Park (2) + Industrial (5) |
|
OUE Htrust |
Q4 – Dec13 |
1.670 |
$0.870 |
7.678% |
$0.920 |
32.00% |
Hotel (69%) + Retail (31%) |
|
Cache Log Trust |
Q1 – Mar14 |
2.140 |
$1.150 |
7.547% |
$0.980 |
29.10% |
Industrial : Singapore (12) + Shanghai (1) |
|
Sabana REIT |
Q1 – Mar14 |
1.880 |
$1.025 |
7.434% |
$1.070 |
37.00% |
Industrial (22) |
|
Mapletree GCC Tr |
2H – Mar14 |
3.099 |
$0.845 |
7.335% |
$1.058 |
38.00% |
Retail + Office (China + HK) |
|
Saizen REIT |
1H – Dec13 |
3.250 |
$0.895 |
7.263% |
$1.170 |
38.00% |
Residential (Japan) – 139 |
|
Mapletree Ind Tr |
Q4 – Mar14 |
2.510 |
$1.440 |
6.972% |
$1.200 |
34.40% |
Industrial (84) |
|
First REIT |
Q1 – Mar14 |
1.990 |
$1.160 |
6.957% |
$0.965 |
32.30% |
Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3) |
|
Mapletree Log Tr |
Q4 – Mar14 |
1.890 |
$1.100 |
6.873% |
$0.970 |
33.30% |
Industrial (111) |
|
Cambridge Ind Tr |
Q1 – Mar14 |
1.251 |
$0.740 |
6.857% |
$0.694 |
29.90% |
Industrial (48) |
|
OUE COMMERCIAL REIT |
FY14 – IPO |
5.440 |
$0.795 |
6.843% |
$1.043 |
42.30% |
Retail + Office |
|
Keppel Reit |
Q1 – Mar14 |
1.970 |
$1.210 |
6.603% |
$1.370 |
42.40% |
Offices : Singapore (5) + Australia (4) |
|
CapitaR China Tr |
Q1 – Mar14 |
2.400 |
$1.480 |
6.574% |
$1.450 |
31.80% |
Retail (China) – 10 |
|
Frasers Com Tr |
Q2 – Mar14 |
2.052 |
$1.270 |
6.543% |
$1.550 |
37.80% |
Office + Retail (5) |
|
Frasers Cpt Tr |
Q2 – Mar14 |
2.880 |
$1.795 |
6.245% |
$1.780 |
27.70% |
Retail (5) + 31.17% of Hektar (MREIT) |
|
CDL Htrust |
Q1 – Mar14 |
2.750 |
$1.795 |
6.212% |
$1.617 |
29.90% |
Hotels : Singapore (77.1%) + Australia (10.5%) + NZ (4.5%) + Maldives (7.9%) |
|
StarhillGbl Reit |
Q1 – Mar14 |
1.240 |
$0.810 |
6.210% |
$0.920 |
29.60% |
Retail (86.8%) + Office (13.2%) by Revenue |
|
Ascendas Reit |
Q4 – Mar14 |
3.550 |
$2.290 |
6.201% |
$2.020 |
30.00% |
Industrial : Singapore (105) + China (2) |
|
Mapletree Com Tr |
Q4 – Mar14 |
1.953 |
$1.265 |
6.175% |
$1.160 |
38.70% |
Retail + Office |
|
Fortune Reit HKD |
2H – Dec13 |
18.000 |
$6.090 |
5.911% |
$10.260 |
32.70% |
Retail (HK) |
|
Far East HTrust |
Q1 – Mar14 |
1.300 |
$0.885 |
5.876% |
$0.980 |
30.90% |
Hotels (67.4%) + Serviced Apts (13.9%) + Commercial (18.7%) by Revenue |
|
Ascott Reit |
Q1 – Mar14 |
1.750 |
$1.200 |
5.833% |
$1.360 |
35.90% |
Serviced Apts (82) : AsiaPacific (63.4%) + Europe (36.6%) |
|
SPHREIT |
Q2 – Feb14 |
1.390 |
$1.000 |
5.560% |
$0.900 |
26.90% |
Retail (2) |
|
Suntec Reit |
Q1 – Mar14 |
2.229 |
$1.715 |
5.271% |
$2.056 |
37.30% |
Retail + Office |
|
CapitaMall Trust |
Q1 – Mar14 |
2.570 |
$1.995 |
5.223% |
$1.710 |
35.10% |
Retail (16) + Office |
|
CapitaCom Trust |
Q1 – Mar14 |
2.080 |
$1.600 |
5.200% |
$1.660 |
30.00% |
Office (65%) + Retail (21%) + Hotel (14%) |
|
ParkwayLife Reit |
Q4 – Dec13 |
2.820 |
$2.510 |
4.494% |
$1.600 |
33.00% |
Hospitals + Nursing Homes = 44 |
NOTES :
- Mkt Price is as on 30-Apr-14
- SB REIT : Annualised DPU = 6.028ct (Excludes One-Off Income of $400k)
- StarHill Global : Annualised DPU = 5.03ct
- CDL H-Trust : DPU Not Paid as Semi-Annual Payout Policy ; Annualised DPU = 11.15ct
- CRCT : DPU Not Paid as Semi-Annual Payout Policy ; Annualised DPU = 9.73ct
- Suntec : Annualised DPU = 9.04ct ; DPU = Advanced 2.105ct (1-Jan to 26-Mar) Already Paid + 0.124ct (27-Mar to 31-Mar)
- AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
- FCOT : Annualised DPU = 8.31ct
- CMT : Annualised DPU = 10.42ct
- CLT : Annualised DPU = 8.679ct
- FCT : Above Yield is Computed using last 4Qs DPU = 11.21ct ie 2.5ct (Dec13) + 2.98ct (Sep13) + 2.85ct (Jun13) + 2.88ct (Mar14)
- CCT : DPU Not Paid as Semi-Annual Payout Policy
- Sabana : Annualised DPU = 7.62ct
- Cambridge : Annualised DPU = 5.074ct
- FirstREIT : Annualised DPU = 8.07ct
- Keppel REIT : Annualised DPU = 7.99ct
- VIT : Annualised DPU = 6.707ct for the Period 4-Nov-13 to 31-Dec-13
- LMIR : Yield Computed using FY13 DPU = 3.25ct ; Q4 DPU = 0.56ct => Yield = 5.53% @ $0.405
- A-HTrust : No DPU Payout as Semi-Annual Policy
- 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
- PLife : Annualised DPU = 11.28ct
- Suntec : Includes Capital = 0.175ct
- Saizen : 5-to-1 Unit Consolidation on 5-Nov-13
- OUE H-Trust : DPU = 1.24ct (25-Jul-13 to 30-Sep-13) Not Paid as 1st DPU Payout will be in Dec-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
- 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
- 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
- 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
- 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
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q4 – Dec13 |
0 |
$0.102 |
0.000% |
$0.410 |
Shipping Trust |
|
RickmersMaritime |
Q4 – Dec13 |
0.6 |
$0.290 |
10.395% |
$0.620 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2561: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 Trust |
Q3 – Dec13 |
0.82 |
$0.475 |
6.905% |
$0.249 |
Infrastructure – Water + Gas + Power |
|
Keppel Infra Tr |
2H – Dec13 |
7.82 |
$1.050 |
7.448% |
$0.960 |
Energy (Incineration) + Water (NEWater) |
|
Ascendas-iTrust |
2H – Mar14 |
2.32 |
$0.765 |
6.065% |
$0.620 |
India – Industrial Park |
|
Indiabulls Trust |
1H – Sep13 |
0.0154 |
$0.100 |
0.308% |
$0.347 |
India – Office |
|
HPH Trust USD |
2H – Dec13 |
22.3 |
$0.680 |
7.777% |
HK$7.32 |
Ports – HK + China |
|
Forterra Trust |
2H – Dec13 |
— |
$1.775 |
0.000% |
$4.680 |
China – Retail + Office + Industrial |
|
Perennial CRT |
2H – Dec13 |
1.9 |
$0.555 |
6.847% |
$0.770 |
China Retail |
|
Religare Htrust |
Q3 – Dec13 |
2.14 |
$0.850 |
10.071% |
$0.804 |
India – Healthcare |
|
Croesus Rtrust |
1H – Dec13 |
5.24 |
$0.900 |
9.011% |
Y74.09 |
Japan – Retail |
|
Asian Pay TV Tr |
2H – Dec13 |
4.13 |
$0.755 |
10.940% |
$0.920 |
Taiwan PayTV |
NOTES :
- CroesusRT : Annualised DPU = 8.11ct ; Above DPU is for the Period 10-May-13 to 31-Dec-13 ; Exchange Rate Y100 = S$1.2251
- Indiabulls : No DPU Payout as Semi-Annual Policy
- Religare : No DPU Payout as Semi-Annual Policy
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7531:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun13) = HK18.7ct + 2H (Dec13) = HK22.3ct
- a-iTrust : No DPU Payout as Semi-Annual Payout Policy ; Above DPU is based on 90% Payout
- CRT : DPU = 3.26ct (10-May-13 to 30-Sep-13) Not Paid as Semi-Annual Payout Policy
- APTT : 1st DPU Payout for Dec. 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
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- 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
- 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
March 2014
REITs : Average Yield = 6.895%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Viva Ind Tr |
Q4 – Dec13 |
1.080 |
$0.770 |
8.827% |
$0.750 |
38.80% |
Biz Park (77.6%) + Hotel (18.6%) + Logistics (3.8%) |
|
AscendasHT |
Q3 – Dec13 |
1.610 |
$0.735 |
8.762% |
$0.730 |
35.80% |
Hotels : Australia (53%) + Singapore (23%) + Japan (16%) + China (8%) |
|
Sabana REIT |
Q4 – Dec13 |
2.190 |
$1.030 |
8.437% |
$1.070 |
36.90% |
Industrial (22) |
|
AIMSAMPI Reit |
Q3 – Dec13 |
2.770 |
$1.340 |
8.269% |
$1.518 |
26.50% |
Industrial (25) |
|
LippoMalls |
Q4 – Dec13 |
0.560 |
$0.400 |
8.125% |
$0.412 |
34.30% |
Retail (Indonesia) |
|
OUE HT |
Q4 – Dec13 |
1.670 |
$0.845 |
7.905% |
$0.920 |
32.00% |
Hotel (69%) + Retail (31%) |
|
SoilbuildBizREIT |
Q4 – Dec13 |
1.510 |
$0.780 |
7.679% |
$0.800 |
29.30% |
Business Park (2) + Industrial (5) |
|
CACHE |
Q4 – Dec13 |
2.137 |
$1.135 |
7.470% |
$0.980 |
29.10% |
Industrial : Singapore (12) + Shanghai (1) |
|
MapletreeGCC |
Q3 – Dec13 |
1.518 |
$0.815 |
7.387% |
$0.943 |
40.50% |
Retail + Office (China + HK) |
|
MapletreeInd |
Q3 – Dec13 |
2.510 |
$1.365 |
7.355% |
$1.110 |
36.30% |
Industrial (83) |
|
Saizen REIT |
1H – Dec13 |
3.250 |
$0.890 |
7.303% |
$1.170 |
38.00% |
Residential (Japan) – 139 |
|
MapletreeLog |
Q3 – Dec13 |
1.840 |
$1.045 |
7.043% |
$0.910 |
33.90% |
Industrial (111) |
|
AscottREIT |
2H – Dec13 |
3.698 |
$1.195 |
7.028% |
$1.350 |
34.00% |
Serviced Apts : AsiaPacific (61.5%) + Europe (38.5%) |
|
First REIT |
Q4 – Dec13 |
1.970 |
$1.075 |
6.995% |
$0.966 |
32.30% |
Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3) |
|
Far East HTrust |
Q4 – Dec13 |
1.420 |
$0.820 |
6.927% |
$0.983 |
30.90% |
Hotels (67.1%) + Serviced Apts (14.8%) + Commercial (18.1%) by Revenue |
|
Cambridge |
Q4 – Dec13 |
1.251 |
$0.720 |
6.893% |
$0.695 |
28.70% |
Industrial (47) |
|
Kep REIT |
Q4 – Dec13 |
1.970 |
$1.140 |
6.860% |
$1.380 |
42.10% |
Offices : Singapore (5) + Australia (4) |
|
OUE COMMERCIAL REIT |
FY14 – IPO |
5.440 |
$0.795 |
6.843% |
$1.043 |
42.30% |
Retail + Office |
|
CDL Htrust |
2H – Dec13 |
5.560 |
$1.655 |
6.719% |
$1.630 |
29.70% |
Hotels : Singapore (77.1%) + Australia (10.5%) + NZ (4.5%) + Maldives (7.9%) |
|
Frasers Comm |
Q1 – Dec13 |
2.050 |
$1.255 |
6.478% |
$1.540 |
37.90% |
Office + Retail (5) |
|
Ascendasreit |
Q3 – Dec13 |
3.540 |
$2.260 |
6.265% |
$1.945 |
30.10% |
Industrial (105) |
|
FrasersCT |
Q1 – Dec13 |
2.500 |
$1.780 |
6.197% |
$1.770 |
29.70% |
Retail (5) + 31.17% of Hektar (MREIT) |
|
CapitaRChina |
2H – Dec13 |
4.330 |
$1.400 |
6.186% |
$1.430 |
32.60% |
Retail (China) – 10 |
|
Starhill Gbl |
Q4 – Dec13 |
1.230 |
$0.790 |
6.177% |
$0.920 |
29.00% |
Retail (87.2%) + Office (12.8%) by Revenue |
|
SuntecReit |
Q4 – Dec13 |
2.562 |
$1.660 |
6.173% |
$2.108 |
38.00% |
Retail + Office |
|
MapletreeCom |
Q3 – Dec13 |
1.865 |
$1.220 |
6.115% |
$1.070 |
40.80% |
Retail + Office |
|
Fortune Reit HK$ |
2H – Dec13 |
18.000 |
$5.890 |
6.112% |
$10.260 |
32.70% |
Retail (HK) |
|
CapitaMall |
Q4 – Dec13 |
2.720 |
$1.890 |
5.709% |
$1.710 |
35.30% |
Retail (16) + Office |
|
CapitaComm |
2H – Dec13 |
4.130 |
$1.485 |
5.562% |
$1.670 |
29.30% |
Office (65%) + Retail (21%) + Hotel (14%) |
|
SPHREIT |
Q1 – Nov13 |
1.860 |
$0.980 |
5.329% |
$0.900 |
26.70% |
Retail (2) |
|
PLife REIT |
Q4 – Dec13 |
2.820 |
$2.440 |
4.623% |
$1.600 |
33.00% |
Hospitals + Nursing Homes = 44 |
NOTES :
- Mkt Price is as on 31-Mar-14
- VIT : Annualised DPU = 6.707ct for the Period 4-Nov-13 to 31-Dec-13
- LMIR : Yield Computed using FY13 DPU = 3.25ct ; Q4 DPU = 0.56ct => Yield = 5.53% @ $0.405
- A-HTrust : No DPU Payout as Semi-Annual Policy
- 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
- PLife : Annualised DPU = 11.28ct
- StarHill Global : Annualised DPU = 4.88ct
- MGCCT : Annualised DPU = 6.02ct
- Suntec : Includes Capital = 0.175ct
- SB REIT : Annualised DPU = 5.99ct
- FCOT : Annualised DPU = 8.13ct
- Sabana : Annualised DPU = 8.69ct
- CMT : Annualised DPU = 10.79ct
- CLT : Annualised DPU = 8.478ct
- FCT : DPU excludes Retained Cash of 0.25 cents per unit ; Above Yield is Computed using last 4Qs DPU = 11.03ct ie 2.5ct (Dec13) + 2.98ct (Sep13) + 2.85ct (Jun13) + 2.7ct (Mar13)
- FirstREIT : Annualised DPU = 7.52ct
- Cambridge : Annualised DPU = 4.963ct
- SPH REIT : 0.56ct (24-Jul to 31-Aug) + 1.3ct (1-Sep to 30-Nov)
- Saizen : 5-to-1 Unit Consolidation on 5-Nov-13
- OUE H-Trust : DPU = 1.24ct (25-Jul-13 to 30-Sep-13) Not Paid as 1st DPU Payout will be in Dec-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
- 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
- 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
- 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
- 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
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q4 – Dec13 |
0 |
$0.113 |
0.000% |
$0.410 |
Shipping Trust |
|
Rickmers |
Q4 – Dec13 |
0.6 |
$0.285 |
10.604% |
$0.620 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2592: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 |
Q3 – Dec13 |
0.82 |
$0.470 |
6.979% |
$0.249 |
Infrastructure – Water + Gas + Power |
|
K-Green |
2H – Dec13 |
7.82 |
$1.040 |
7.519% |
$0.950 |
Energy (Incineration) + Water (NEWater) |
|
AscendasIndT |
Q3 – Dec13 |
1.1 |
$0.770 |
5.714% |
$0.580 |
India – Industrial Park |
|
Indiabulls |
1H – Sep13 |
0.0154 |
$0.100 |
0.308% |
$0.347 |
India – Office |
|
HPH Trust US$ |
2H – Dec13 |
22.3 |
$0.650 |
8.130% |
HK$7.26 |
Ports – HK + China |
|
ForterraTr |
2H – Dec13 |
— |
$1.800 |
0.000% |
$4.680 |
China – Retail + Office + Industrial |
|
PerennialCRT |
2H – Dec13 |
1.9 |
$0.525 |
7.238% |
$0.770 |
China Retail |
|
Religare |
Q3 – Dec13 |
2.14 |
$0.850 |
10.071% |
$0.804 |
India – Healthcare |
|
Croesus RTr |
1H – Dec13 |
5.24 |
$0.885 |
9.164% |
Y74.09 |
Japan – Retail |
|
Asian Pay TV Tr |
2H – Dec13 |
4.13 |
$0.740 |
11.162% |
$0.920 |
Taiwan PayTV |
NOTES :
- CroesusRT : Annualised DPU = 8.11ct ; Above DPU is for the Period 10-May-13 to 31-Dec-13 ; Exchange Rate Y100 = S$1.2199
- Indiabulls : No DPU Payout as Semi-Annual Policy
- Religare : No DPU Payout as Semi-Annual Policy
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7581:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun13) = HK18.7ct + 2H (Dec13) = HK22.3ct
- a-iTrust : No DPU Payout as Semi-Annual Payout Policy ; Above DPU is based on 90% Payout
- CRT : DPU = 3.26ct (10-May-13 to 30-Sep-13) Not Paid as Semi-Annual Payout Policy
- APTT : 1st DPU Payout for Dec. 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
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- 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
- 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