Category: Yield

 

March 2013

 

REITs : Average Yield = 5.598%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Sabana REIT

Q4 – Dec12

2.410

$1.265

7.581%

$1.070

37.60%

Industrial

SaizenREIT

1H – Dec12

0.660

$0.190

6.947%

$0.270

32.00%

Residential (Japan)

AscendasHT

Q3 – Dec12

1.770

$1.030

6.874%

$0.780

35.80%

Hotels : Australia (71%) + Japan (25%) + China (4%)

MapletreeInd

Q3 – Dec12

2.320

$1.405

6.605%

$1.020

37.10%

Industrial

CACHE

Q4 – Dec12

2.154

$1.305

6.566%

$0.930

31.70%

Industrial

AIMSAMPI Reit

Q3 – Dec12

2.580

$1.575

6.552%

$1.469

33.60%

Industrial

AscottREIT

2H – Dec12

4.238

$1.380

6.344%

$1.350

40.10%

Serviced Apts (Regional)

Cambridge

Q4 – Dec12

1.229

$0.790

6.189%

$0.647

38.60%

Industrial

Kep REIT

Q4 – Dec12

1.970

$1.360

5.794%

$1.300

42.90%

Office

LippoMalls

Q4 – Dec12

0.740

$0.515

5.748%

$0.562

24.50%

Retail (Indonesia)

MapletreeLog

Q3 – Dec12

1.720

$1.215

5.663%

$0.880

35.90%

Industrial

Ascendasreit

Q3 – Dec12

3.620

$2.600

5.569%

$1.880

32.80%

Industrial

CDL Htrust

2H – Dec12

5.620

$2.050

5.483%

$1.610

24.90%

Hotels : Singapore (82.5%) + Australia (13%) + NZ (4.5%)

CapitaRChina

2H – Dec12

4.720

$1.750

5.394%

$1.290

28.00%

Retail (China)

First REIT

Q4 – Dec12

1.720

$1.250

5.264%

$0.827

27.10%

Hospitals + Hotel (Indonesia)

SuntecReit

Q4 – Dec12

2.326

$1.800

5.169%

$2.044

36.70%

Retail + Office

Far East HTrust

Q4 – Dec12

2.090

$1.175

5.153%

$0.970

29.20%

Hotels + Serviced Apts

CapitaComm

2H – Dec12

4.080

$1.585

5.148%

$1.620

30.10%

Office (63%) + Retail (22%) + Hotel (15%)

Starhill Gbl

Q4 – Dec12

1.130

$0.890

5.056%

$0.960

30.30%

Retail + Office

MapletreeGCC

FY14 – IPO

5.240

$1.040

5.038%

$0.910

43.00%

Retail + Office (China + HK)

MapletreeCom

Q3 – Dec12

1.667

$1.345

4.914%

$1.055

35.30%

Retail + Office

Fortune Reit HK$

2H – Dec12

16.530

$6.860

4.819%

$8.810

23.40%

Retail (HK)

CapitaMall

Q4 – Dec12

2.360

$2.090

4.493%

$1.640

36.70%

Retail + Office

FrasersCT

Q1 – Dec12

2.400

$2.140

4.486%

$1.530

30.10%

Retail

Frasers Comm

Q1 – Dec12

1.583

$1.410

4.454%

$1.500

29.20%

Office + Retail

PLife REIT

Q4 -Dec12

2.690

$2.530

4.253%

$1.550

32.90%

Hospitals

NOTES :

  • Mkt Price is as on 28-Mar-13
  • 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 : DPU = 2.09ct (27-Aug-12 to 31-Dec-12)
  • CRCT : DPU = 1.5ct (2-Nov-12 to 31-Dec-12) + 3.22ct (1-Jul-12 to 1-Nov-12) Already Paid
  • AIMSAMPReit : The DPU of 2.58 cents includes an amount of 0.05 cents resulting from a tax adjustment in relation to FY2008 and FY2009 upon finalisation of the Trust’s Years of Assessment 2009 and 2010 with IRAS
  • StarHill Global : Annualised DPU = 4.5ct
  • A-HTrust : DPU = 1.55ct (if no sponsor waiver) ; DPU Not Paid as Semi-Annual Policy
  • FCOT : Annualised DPU = 6.28ct
  • PLife : Annualised DPU = 10.76ct
  • FirstREIT : Q4 DPU = 0.7ct (26-Nov-12 to 31-Dec-12) + 1.02ct (1-Oct-12 to 25-Nov-12) Already Paid ; Annualised DPU = 6.58ct
  • ART : Yield Computed Using 1H DPU = 4.517ct + 2H DPU = 4.238ct
  • CLT : Annualised DPU = 8.569ct
  • CMT : Annualised DPU Payout = 9.39ct ; DPU = 0.81ct (30-Nov-12 to 31-Dec-12) + Advanced DPU Paid = 1.55ct (1-Oct-12 to 29-Nov-12)
  • Cambridge : Annualised DPU = 4.889ct
  • Sabana : Annualised DPU = 9.59ct
  • CCT : Annualised DPU = 8.12ct
  • 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
  • FCT : A total of $2.3 million has been retained in 1H12 (1Q12: $1.6 million + 2Q12: $0.7 million) + 3Q12 : $1.172 million
  • A-REIT : Private Placement (3 May 12) – 150Mil @ $1.99 ; Listing on 14 May 12 2pm
  • MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm

  
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q4 – Dec12

0

$0.125

0.000%

$0.480

Shipping Trust

Rickmers

Q4 – Dec12

0.6

$0.345

8.640%

$1.000

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2420:US$1 fm Yahoo Finance)
  • Rickmers : 10% Payout (of Cash flow available for distribution before payment to debt capital providers)
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13

   
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

CitySpring

Q3 – Dec12

0.82

$0.465

7.054%

$0.222

Infrastructure – Water + Gas + Power

K-Green

2H – Dec12

7.82

$1.105

7.077%

$1.010

Energy (Incineration) + Water (NEWater)

AscendasIndT

1H – Sep12

2.5

$0.825

5.821%

$0.610

India – Industrial Park

Indiabulls

1H – Sep12

0.0184

$0.109

0.338%

$0.409

India – Office

HPH Trust US$

FY12 – IPO

6.59

$0.850

7.753%

HK$7.58

Ports – HK + China

ForterraTr

2H – Dec12

—

$1.600

0.000%

$4.200

China – Retail + Office + Industrial

PerennialCRT

2H – Dec12

1.96

$0.590

6.644%

$0.700

China Retail

Religare

FY13 – IPO

4

$0.905

8.840%

$0.860

India – Healthcare

NOTES :

  • Forterra (TCT) : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
  • Religare : DPU = 1.66ct (1-Oct-13 to 31-Dec-13) or 1.19ct (no Sponsor Waiver) ; No DPU Payout as Semi-Annual Payout Policy
  • Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
  • a-iTrust : Q3 DPU = 1.34ct (90% Payout) ; Not Paid Out as Semi-Annual Policy
  • a-iTrust : 1-Apr-12 to 8-Oct-12 ; 1H DPU = 2.4ct (90% Payout)
  • HPH-Trust : No DPU Payout as Semi-Annual Payout Policy
  • Indiabulls : Maiden DPU Declared since Listing on 11-Jun-08
  • HPH Trust : 1H12 DPU Payout = HK24.05ct ; Above Table Uses IPO Forecast to Compute Yield (Both DPU & Mkt Price in US$)
  • K-Green : 1H12 DPU Payout = 3.13ct ; 2H11 DPU Payout = 4.69ct ; Above Table Uses 2H11 + 1H12 DPU = 7.82ct to Calculate Yield
  • CitySpring : Guidance for FY13 DPU = 3.28ct ie 0.82ct / Q

 

 

March 29, 2013 Yield Comments Off on March 2013

February 2013

Results Announcement

  • 1 Feb 13 : CRCT (Tables Updated)
  • 1 Feb 13 : HPH-Trust (Table Updated)
  • 6 Feb 13 : FE-Htrust (Tables Updated)
  • 7 Feb 13 : Saizen (Tables Updated)
  • 7 Feb 13 : LMIR (Tables Updated)
  • 8 Feb 13 : CitySpring (Table Updated)
  • 13 Feb 13 : Religare (Table Updated)
  • 14 Feb 13 (AM) : PCRT (Table Updated)
  • 14 Feb 13 : Indiabulls (Table Updated)
  • 26 Feb 13 : Rickmers (Table Updated)
  • 27 Feb 13 (AM) : TCT (Table Updated)

     

 

REITs : Average Yield = 5.708%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Sabana REIT

Q4 – Dec12

2.410

$1.245

7.703%

$1.070

37.60%

Industrial

AscendasHT

Q3 – Dec12

1.770

$1.000

7.080%

$0.780

35.80%

Hotels : Australia (71%) + Japan (25%) + China (4%)

SaizenREIT

1H – Dec12

0.660

$0.188

7.021%

$0.270

32.00%

Residential (Japan)

MapletreeInd

Q3 – Dec12

2.320

$1.400

6.629%

$1.020

37.10%

Industrial

Cambridge

Q4 – Dec12

1.229

$0.745

6.562%

$0.647

38.60%

Industrial

AIMSAMPI Reit

Q3 – Dec12

2.580

$1.580

6.532%

$1.469

33.60%

Industrial

AscottREIT

2H – Dec12

4.238

$1.345

6.509%

$1.350

40.10%

Serviced Apts (Regional)

CACHE

Q4 – Dec12

2.154

$1.325

6.467%

$0.930

31.70%

Industrial

Kep REIT

Q4 – Dec12

1.970

$1.340

5.881%

$1.300

42.90%

Office

First REIT

Q4 – Dec12

1.720

$1.130

5.823%

$0.827

27.10%

Hospitals + Hotel (Indonesia)

LippoMalls

Q4 – Dec12

0.740

$0.520

5.692%

$0.562

24.50%

Retail (Indonesia)

MapletreeLog

Q3 – Dec12

1.720

$1.220

5.639%

$0.880

35.90%

Industrial

Ascendasreit

Q3 – Dec12

3.620

$2.570

5.634%

$1.880

32.80%

Industrial

Far East HTrust

Q4 – Dec12

2.090

$1.100

5.504%

$0.970

29.20%

Hotels + Serviced Apts

CDL Htrust

2H – Dec12

5.620

$2.070

5.430%

$1.610

24.90%

Hotels : Singapore (82.5%) + Australia (13%) + NZ (4.5%)

CapitaRChina

2H – Dec12

4.720

$1.790

5.274%

$1.290

28.00%

Retail (China)

SuntecReit

Q4 – Dec12

2.326

$1.795

5.183%

$2.044

36.70%

Retail + Office

Starhill Gbl

Q4 – Dec12

1.130

$0.875

5.143%

$0.960

30.30%

Retail + Office

Fortune Reit HK$

2H – Dec12

16.530

$6.720

4.920%

$8.810

23.40%

Retail (HK)

CapitaComm

2H – Dec12

4.080

$1.660

4.916%

$1.620

30.10%

Office (63%) + Retail (22%) + Hotel (15%)

MapletreeCom

Q3 – Dec12

1.667

$1.345

4.914%

$1.055

35.30%

Retail + Office

Frasers Comm

Q1 – Dec12

1.583

$1.320

4.758%

$1.500

29.20%

Office + Retail

FrasersCT

Q1 – Dec12

2.400

$2.050

4.683%

$1.530

30.10%

Retail

PLife REIT

Q4 -Dec12

2.690

$2.420

4.446%

$1.550

32.90%

Hospitals

CapitaMall

Q4 – Dec12

2.360

$2.150

4.367%

$1.640

36.70%

Retail + Office

NOTES :

  • Mkt Price is as on 28-Feb-13
  • 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 : DPU = 2.09ct (27-Aug-12 to 31-Dec-12)
  • CRCT : DPU = 1.5ct (2-Nov-12 to 31-Dec-12) + 3.22ct (1-Jul-12 to 1-Nov-12) Already Paid
  • AIMSAMPReit : The DPU of 2.58 cents includes an amount of 0.05 cents resulting from a tax adjustment in relation to FY2008 and FY2009 upon finalisation of the Trust’s Years of Assessment 2009 and 2010 with IRAS
  • StarHill Global : Annualised DPU = 4.5ct
  • A-HTrust : DPU = 1.55ct (if no sponsor waiver) ; DPU Not Paid as Semi-Annual Policy
  • FCOT : Annualised DPU = 6.28ct
  • PLife : Annualised DPU = 10.76ct
  • FirstREIT : Q4 DPU = 0.7ct (26-Nov-12 to 31-Dec-12) + 1.02ct (1-Oct-12 to 25-Nov-12) Already Paid ; Annualised DPU = 6.58ct
  • ART : Yield Computed Using 1H DPU = 4.517ct + 2H DPU = 4.238ct
  • CLT : Annualised DPU = 8.569ct
  • CMT : Annualised DPU Payout = 9.39ct ; DPU = 0.81ct (30-Nov-12 to 31-Dec-12) + Advanced DPU Paid = 1.55ct (1-Oct-12 to 29-Nov-12)
  • Cambridge : Annualised DPU = 4.889ct
  • Sabana : Annualised DPU = 9.59ct
  • CCT : Annualised DPU = 8.12ct
  • 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
  • FCT : A total of $2.3 million has been retained in 1H12 (1Q12: $1.6 million + 2Q12: $0.7 million) + 3Q12 : $1.172 million
  • A-REIT : Private Placement (3 May 12) – 150Mil @ $1.99 ; Listing on 14 May 12 2pm
  • MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm

  
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q4 – Dec12

0

$0.133

0.000%

$0.480

Shipping Trust

Rickmers

Q4 – Dec12

0.6

$0.370

8.017%

$1.000

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2359:US$1 fm Yahoo Finance)
  • Rickmers : 10% Payout (of Cash flow available for distribution before payment to debt capital providers)
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13

   
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

CitySpring

Q3 – Dec12

0.82

$0.460

7.130%

$0.222

Infrastructure – Water + Gas + Power

K-Green

2H – Dec12

7.82

$1.095

7.142%

$1.010

Energy (Incineration) + Water (NEWater)

AscendasIndT

1H – Sep12

2.5

$0.835

5.752%

$0.610

India – Industrial Park

Indiabulls

1H – Sep12

0.0184

$0.124

0.297%

$0.409

India – Office

HPH Trust US$

FY12 – IPO

6.59

$0.810

8.136%

HK$7.58

Ports – HK + China

ForterraTr

2H – Dec12

—

$1.660

0.000%

$4.200

China – Retail + Office + Industrial

PerennialCRT

2H – Dec12

1.96

$0.600

6.533%

$0.700

China Retail

Religare

FY13 – IPO

4

$0.870

9.195%

$0.860

India – Healthcare

NOTES :

  • Forterra (TCT) : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
  • Religare : DPU = 1.66ct (1-Oct-13 to 31-Dec-13) or 1.19ct (no Sponsor Waiver) ; No DPU Payout as Semi-Annual Payout Policy
  • Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
  • a-iTrust : Q3 DPU = 1.34ct (90% Payout) ; Not Paid Out as Semi-Annual Policy
  • a-iTrust : 1-Apr-12 to 8-Oct-12 ; 1H DPU = 2.4ct (90% Payout)
  • HPH-Trust : No DPU Payout as Semi-Annual Payout Policy
  • Indiabulls : Maiden DPU Declared since Listing on 11-Jun-08
  • HPH Trust : 1H12 DPU Payout = HK24.05ct ; Above Table Uses IPO Forecast to Compute Yield (Both DPU & Mkt Price in US$)
  • K-Green : 1H12 DPU Payout = 3.13ct ; 2H11 DPU Payout = 4.69ct ; Above Table Uses 2H11 + 1H12 DPU = 7.82ct to Calculate Yield
  • CitySpring : Guidance for FY13 DPU = 3.28ct ie 0.82ct / Q

 

 

February 28, 2013 Yield Comments Off on February 2013

January 2013

Results Announcement

  • 15 Jan 13 (AM) : A-REIT (Tables Updated)
  • 17 Jan 13 : Sabana (Tables Updated)
  • 17 Jan 13 : MLT (Tables Updated)
  • 18 Jan 13 (AM) : Cambridge (Tables Updated)
  • 18 Jan 13 (AM) : CMT (Tables Updated)
  • 21 Jan 13 : KGT (Table Updated)
  • 21 Jan 13 : FSL (Table Updated)
  • 21 Jan 13 : CLT (Tables Updated)
  • 21 Jan 13 : Kep REIT (Tables Updated)
  • 22 Jan 13 : a-iTrust (Table Updated)
  • 22 Jan 13 : FCT (Tables Updated)
  • 22 Jan 13 : Suntec (Tables Updated)
  • 22 Jan 13 : MIT (Tables Updated)
  • 23 Jan 13 (AM) : CCT (Tables Updated)
  • 23 Jan 13 : ART (Tables Updated)
  • 23 Jan 13 : FirstREIT (Tables Updated)
  • 24 Jan 13 : Fortune (Tables Updated)
  • 24 Jan 13 : MCT (Tables Updated)
  • 25 Jan 13 : PLife (Tables Updated)
  • 25 Jan 13 : FCOT (Tables Updated)
  • 28 Jan 13 : A-HTrust (Tables Updated)
  • 29 Jan 13 : StarHill (Tables Updated)
  • 29 Jan 13 : CDL H-Trust (Tables Updated)
  • 31 Jan 13 (AM) : AIMSAMPReit (Tables Updated)
  • 1 Feb 13 : CRCT
  • 6 Feb 13 : FE-Htrust
  • 7 Feb 13 : LMIR
  • 8 Feb 13 (AM) : Saizen
  • 8 Feb 13 : CitySpring
  • 14 Feb 13 (AM) : PCRT
  • 27 Feb 13 (AM) : TCT

     

 

REITs : Average Yield = 5.791%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Sabana REIT

Q4 – Dec12

2.410

$1.175

8.162%

$1.070

37.60%

Industrial

AscendasHT

Q3 – Dec12

1.770

$0.980

7.224%

$0.780

35.80%

Hotels : Australia (71%) + Japan (25%) + China (4%)

Cambridge

Q4 – Dec12

1.229

$0.710

6.886%

$0.647

38.60%

Industrial

CACHE

Q4 – Dec12

2.154

$1.260

6.801%

$0.930

31.70%

Industrial

MapletreeInd

Q3 – Dec12

2.320

$1.370

6.774%

$1.020

37.10%

Industrial

AIMSAMPI Reit

Q3 – Dec12

2.580

$1.585

6.511%

$1.469

33.60%

Industrial

SaizenREIT

2H – Jun12

0.630

$0.194

6.495%

$0.300

31.40%

Residential (Japan)

AscottREIT

2H – Dec12

4.238

$1.385

6.321%

$1.350

40.10%

Serviced Apts (Regional)

First REIT

Q4 – Dec12

1.720

$1.070

6.150%

$0.827

27.10%

Hospitals + Hotel (Indonesia)

MapletreeLog

Q3 – Dec12

1.720

$1.170

5.880%

$0.880

35.90%

Industrial

Kep REIT

Q4 – Dec12

1.970

$1.370

5.752%

$1.300

42.90%

Office

Ascendasreit

Q3 – Dec12

3.620

$2.530

5.723%

$1.880

32.80%

Industrial

CDL Htrust

2H – Dec12

5.620

$2.020

5.564%

$1.610

24.90%

Hotels : Singapore (82.5%) + Australia (13%) + NZ (4.5%)

LippoMalls

Q3 – Sep12

0.730

$0.525

5.562%

$0.528

22.70%

Retail (Indonesia)

SuntecReit

Q4 – Dec12

2.326

$1.695

5.489%

$2.044

36.70%

Retail + Office

CapitaRChina

Q3 – Sep12

2.420

$1.755

5.487%

$1.250

30.40%

Retail (China)

Far East HTrust

FY12 – IPO

2.320

$1.045

5.331%

$0.930

30.50%

Hotels + Serviced Apts

Starhill Gbl

Q4 – Dec12

1.130

$0.845

5.325%

$0.960

30.30%

Retail + Office

MapletreeCom

Q3 – Dec12

1.667

$1.335

4.951%

$1.055

35.30%

Retail + Office

FrasersCT

Q1 – Dec12

2.400

$1.940

4.948%

$1.530

30.10%

Retail

CapitaComm

2H – Dec12

4.080

$1.665

4.901%

$1.620

30.10%

Office (63%) + Retail (22%) + Hotel (15%)

Fortune Reit HK$

2H – Dec12

16.530

$6.910

4.784%

$8.810

23.40%

Retail (HK)

Frasers Comm

Q1 – Dec12

1.583

$1.335

4.704%

$1.500

29.20%

Office + Retail

PLife REIT

Q4 -Dec12

2.690

$2.330

4.618%

$1.550

32.90%

Hospitals

CapitaMall

Q4 – Dec12

2.360

$2.120

4.429%

$1.640

36.70%

Retail + Office

NOTES :

  • Mkt Price is as on 31-Jan-13
  • AIMSAMPReit : The DPU of 2.58 cents includes an amount of 0.05 cents resulting from a tax adjustment in relation to FY2008 and FY2009 upon finalisation of the Trust’s Years of Assessment 2009 and 2010 with IRAS
  • StarHill Global : Annualised DPU = 4.5ct
  • A-HTrust : DPU = 1.55ct (if no sponsor waiver) ; DPU Not Paid as Semi-Annual Policy
  • FCOT : Annualised DPU = 6.28ct
  • PLife : Annualised DPU = 10.76ct
  • FirstREIT : Q4 DPU = 0.7ct (26-Nov-12 to 31-Dec-12) + 1.02ct (1-Oct-12 to 25-Nov-12) Already Paid ; Annualised DPU = 6.58ct
  • ART : Yield Computed Using 1H DPU = 4.517ct + 2H DPU = 4.238ct
  • CLT : Annualised DPU = 8.569ct
  • CMT : Annualised DPU Payout = 9.39ct ; DPU = 0.81ct (30-Nov-12 to 31-Dec-12) + Advanced DPU Paid = 1.55ct (1-Oct-12 to 29-Nov-12)
  • Cambridge : Annualised DPU = 4.889ct
  • Sabana : Annualised DPU = 9.59ct
  • Saizen : No DPU Payout as Semi-Annual Payout Policy
  • Fortune :No DPU Payout as Semi-Annual DPU Payout Policy
  • CCT : Annualised DPU = 8.12ct
  • CRCT : Annualised DPU Payout = 9.63ct ; DPU Not Paid as Semi-Annual Payout Policy
  • 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
  • FCT : A total of $2.3 million has been retained in 1H12 (1Q12: $1.6 million + 2Q12: $0.7 million) + 3Q12 : $1.172 million
  • A-REIT : Private Placement (3 May 12) – 150Mil @ $1.99 ; Listing on 14 May 12 2pm
  • K-REIT : Proposed 17-for-20 Rights Issue @ $0.85 (17-Oct-11)
  • LMIR : Proposed Rights 1-for-1 @ $0.31 ; SGX Annc (3-Oct-11) ; 1H11 Proforma – DPU 1.63ct ; NAV $0.5753 ; TERP $0.458 (Mkt $0.605)
  • AIMSAMPI Reit : 5-to-1 Stocks Consolidation on 29-Sep-11
  • MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm
  • FCOT : 5-to-1 Stocks Consolidation on 8-Feb-11 ; Circular (30-Dec-10) : Proforma FY10 (Sep) – DPU 5.55ct ; NAV $1.38 ; Issued Shares 620,857,225
  • FirstREIT : Proposed Rights 5-for-4 @ $0.50 ; SGX Annc (10-Nov-10) ; FY11 Forecast – DPU 6.4ct ; NAV $0.76 ; Gearing 17.25% ; TERP $0.70 (Mkt $0.95)
  • Sabana : Forecast DPU FY11 = 8.63ct ; FY12 = 8.67ct ; Listed on 26 Nov 10 2pm @ $1.05

  
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q4 – Dec12

0

$0.138

0.000%

$0.480

Shipping Trust

Rickmers

Q3 – Sep12

0.6

$0.370

8.030%

$0.990

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2379:US$1 fm Yahoo Finance)
  • Rickmers : 10% Payout (of Cash flow available for distribution before payment to debt capital providers)
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13

   
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

CitySpring

Q2 – Sep12

0.82

$0.455

7.209%

$0.210

Infrastructure – Water + Gas + Power

K-Green

2H – Dec12

7.82

$1.045

7.483%

$1.010

Energy (Incineration) + Water (NEWater)

AscendasIndT

1H – Sep12

2.5

$0.820

5.857%

$0.610

India – Industrial Park

Indiabulls

1H – Sep12

0.0184

$0.126

0.292%

$0.426

India – Office

HPH Trust US$

FY12 – IPO

6.59

$0.820

8.037%

HK$7.58

Ports – HK + China

TCT

Q3 – Sep12

—

$1.650

0.000%

$4.090

China – Retail + Office + Industrial

PerennialCRT

Q3 – Sep12

0.97

$0.620

6.226%

$0.650

China Retail

Religare

FY13 – IPO

4

$0.905

8.840%

$0.870

India – Healthcare

NOTES :

  • 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%
  • a-iTrust : Q3 DPU = 1.34ct (90% Payout) ; Not Paid Out as Semi-Annual Policy
  • PCRT : Annualised DPU = 3.86ct ; DPU Includes $21.217Mil Additional Income (To Be Drawn from Earn-Out Fund) ; No DPU Payout as Semi-Annual Payout Policy
  • a-iTrust : 1-Apr-12 to 8-Oct-12 ; 1H DPU = 2.4ct (90% Payout)
  • HPH-Trust : No DPU Payout as Semi-Annual Payout Policy
  • Indiabulls : Maiden DPU Declared since Listing on 11-Jun-08
  • TCT : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
  • HPH Trust : 1H12 DPU Payout = HK24.05ct ; Above Table Uses IPO Forecast to Compute Yield (Both DPU & Mkt Price in US$)
  • K-Green : 1H12 DPU Payout = 3.13ct ; 2H11 DPU Payout = 4.69ct ; Above Table Uses 2H11 + 1H12 DPU = 7.82ct to Calculate Yield
  • CitySpring : Guidance for FY13 DPU = 3.28ct ie 0.82ct / Q
  • CitySpring : Proposed 11-for-20 Rights Issue @ $0.39. TERP = $0.4835 @ $0.535 (Mkt Price) ; Annualised Yield (Profroma 2FY11) = 6.8% @ TERP (Before Rights = 8.4% @ $0.535)
  • PCRT : IPO DPU Forecast – FY11 = 2.35ct ; FY12 = 3.86ct ; Semi-Annual Dividend Payout with 1st Payout for Dec-11 ; Listing on 9-Jun-11 2pm
  • HPH Trust : IPO DPU Forecast – FY11 = US5.9ct (HK45.88ct) ; FY12 = US6.59ct (HK51.24ct)
  • Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)

 

January 31, 2013 Yield Comments Off on January 2013

December 2012

 

REITs : Average Yield = 6.027%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Sabana REIT

Q3 – Sep12

2.340

$1.140

8.167%

$1.030

38.30%

Industrial

AscendasHT

Q2 – Sep12

1.260

$0.940

7.527%

$0.800

31.70%

Hotels : Australia (71%) + Japan (25%) + China (4%)

Cambridge

Q3 – Sep12

1.204

$0.675

7.096%

$0.612

36.60%

Industrial

SaizenREIT

2H – Jun12

0.630

$0.181

6.961%

$0.300

31.40%

Residential (Japan)

CACHE

Q3 – Sep12

2.144

$1.240

6.878%

$0.900

32.60%

Industrial

First REIT

Q3 – Sep12

1.680

$1.060

6.764%

$0.791

15.90%

Hospitals + Hotel (Indonesia)

MapletreeInd

Q2 – Sep12

2.290

$1.360

6.735%

$1.020

37.20%

Industrial

AIMSAMPI Reit

Q2 – Sep12

2.500

$1.495

6.689%

$1.443

31.50%

Industrial

AscottREIT

Q3 – Sep12

2.240

$1.360

6.588%

$1.370

40.60%

Serviced Apts (Regional)

Kep REIT

Q3 – Sep12

1.960

$1.295

6.023%

$1.230

44.10%

Office

MapletreeLog

Q2 – Sep12

1.710

$1.145

5.974%

$0.880

37.00%

Industrial

LippoMalls

Q3 – Sep12

0.730

$0.490

5.959%

$0.528

22.70%

Retail (Indonesia)

Ascendasreit

Q2 – Sep12

3.530

$2.370

5.958%

$1.845

32.50%

Industrial

CapitaRChina

Q3 – Sep12

2.420

$1.645

5.854%

$1.250

30.40%

Retail (China)

CDL Htrust

Q3 – Sep12

2.720

$1.880

5.755%

$1.570

25.50%

Hotels : Singapore (82.5%) + Australia (13%) + NZ (4.5%)

Starhill Gbl

Q3 – Sep12

1.110

$0.785

5.631%

$0.940

31.20%

Retail + Office

SuntecReit

Q3 – Sep12

2.350

$1.675

5.581%

$1.946

37.80%

Retail + Office

Far East HTrust

FY12 – IPO

2.320

$1.005

5.543%

$0.930

30.50%

Hotels + Serviced Apts

FrasersCT

Q4 – Sep12

2.710

$2.000

5.420%

$1.530

30.10%

Retail

Frasers Comm

2H – Sep12

3.448

$1.320

5.224%

$1.500

36.80%

Office + Retail

Fortune Reit HK$

Q3 – Sep12

8.160

$6.370

5.124%

$8.320

24.60%

Retail (HK)

MapletreeCom

Q2 – Sep12

1.546

$1.215

5.090%

$0.952

37.70%

Retail + Office

CapitaComm

Q3 – Sep12

2.040

$1.685

4.819%

$1.580

30.90%

Office (63%) + Retail (22%) + Hotel (15%)

PLife REIT

Q3 – Sep12

2.580

$2.150

4.800%

$1.460

36.40%

Hospitals

CapitaMall

Q3 – Sep12

2.420

$2.130

4.521%

$1.620

37.60%

Retail + Office

NOTES :

  • Mkt Price is as on 31-Dec-12
  • Saizen : No DPU Payout as Semi-Annual Payout Policy
  • PLife : Annualised DPU = 10.32ct
  • A-HTrust : DPU = 1.09ct (if no sponsor waiver)
  • Cambridge : Annualised DPU = 4.790ct
  • Fortune :No DPU Payout as Semi-Annual DPU Payout Policy
  • CDL H-Trust : Annualised DPU = 10.82ct ; No DPU Payout as Semi-Annual DPU Payout Policy
  • StarHill Global : Annualised DPU = 4.42ct
  • CCT : Annualised DPU = 8.12ct
  • FCOT : Quarterly DPU Payout from Dec Quarter
  • Suntec : Annualised DPU = 9.349ct
  • FirstREIT : Annualised DPU = 7.17ct
  • CLT : Annualised DPU = 8.529ct
  • ART : DPU Not Paid as Semi-Annual Payout Policy
  • CRCT : Annualised DPU Payout = 9.63ct ; DPU Not Paid as Semi-Annual Payout Policy
  • CMT : Annualised DPU Payout = 9.63ct
  • Sabana : Annualised DPU = 9.31ct
  • K-REIT : Annualised DPU Payout = 7.80ct ; Quarterly DPU Payout Policy from Q312
  • 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
  • FCT : A total of $2.3 million has been retained in 1H12 (1Q12: $1.6 million + 2Q12: $0.7 million) + 3Q12 : $1.172 million
  • A-REIT : Private Placement (3 May 12) – 150Mil @ $1.99 ; Listing on 14 May 12 2pm
  • K-REIT : Proposed 17-for-20 Rights Issue @ $0.85 (17-Oct-11)
  • LMIR : Proposed Rights 1-for-1 @ $0.31 ; SGX Annc (3-Oct-11) ; 1H11 Proforma – DPU 1.63ct ; NAV $0.5753 ; TERP $0.458 (Mkt $0.605)
  • AIMSAMPI Reit : 5-to-1 Stocks Consolidation on 29-Sep-11
  • MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm
  • FCOT : 5-to-1 Stocks Consolidation on 8-Feb-11 ; Circular (30-Dec-10) : Proforma FY10 (Sep) – DPU 5.55ct ; NAV $1.38 ; Issued Shares 620,857,225
  • FirstREIT : Proposed Rights 5-for-4 @ $0.50 ; SGX Annc (10-Nov-10) ; FY11 Forecast – DPU 6.4ct ; NAV $0.76 ; Gearing 17.25% ; TERP $0.70 (Mkt $0.95)
  • Sabana : Forecast DPU FY11 = 8.63ct ; FY12 = 8.67ct ; Listed on 26 Nov 10 2pm @ $1.05

  
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q3 – Sep12

0

$0.127

0.000%

$0.490

Shipping Trust

Rickmers

Q3 – Sep12

0.6

$0.350

8.376%

$0.990

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2215:US$1 fm Yahoo Finance)
  • Rickmers : 10% Payout (of Cash flow available for distribution before payment to debt capital providers)
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13

   
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

CitySpring

Q2 – Sep12

0.82

$0.440

7.455%

$0.210

Infrastructure – Water + Gas + Power

K-Green

1H12 – Jun

7.82

$1.030

7.592%

$1.050

Energy (Incineration) + Water (NEWater)

AscendasIndT

1H – Sep12

2.5

$0.750

6.404%

$0.640

India – Industrial Park

Indiabulls

1H – Sep12

0.0184

$0.109

0.338%

$0.426

India – Office

HPH Trust US$

FY12 – IPO

6.59

$0.790

8.342%

HK$7.58

Ports – HK + China

TCT

Q3 – Sep12

—

$1.470

0.000%

$4.090

China – Retail + Office + Industrial

PerennialCRT

Q3 – Sep12

0.97

$0.565

6.832%

$0.650

China Retail

Religare

FY13 – IPO

4

$0.885

9.040%

$0.870

India – Healthcare

NOTES :

  • 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%
  • PCRT : Annualised DPU = 3.86ct ; DPU Includes $21.217Mil Additional Income (To Be Drawn from Earn-Out Fund) ; No DPU Payout as Semi-Annual Payout Policy
  • a-iTrust : 1-Apr-12 to 8-Oct-12 ; 1H DPU = 2.4ct (90% Payout)
  • HPH-Trust : No DPU Payout as Semi-Annual Payout Policy
  • Indiabulls : Maiden DPU Declared since Listing on 11-Jun-08
  • TCT : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
  • HPH Trust : 1H12 DPU Payout = HK24.05ct ; Above Table Uses IPO Forecast to Compute Yield (Both DPU & Mkt Price in US$)
  • K-Green : 1H12 DPU Payout = 3.13ct ; 2H11 DPU Payout = 4.69ct ; Above Table Uses 2H11 + 1H12 DPU = 7.82ct to Calculate Yield
  • CitySpring : Guidance for FY13 DPU = 3.28ct ie 0.82ct / Q
  • CitySpring : Proposed 11-for-20 Rights Issue @ $0.39. TERP = $0.4835 @ $0.535 (Mkt Price) ; Annualised Yield (Profroma 2FY11) = 6.8% @ TERP (Before Rights = 8.4% @ $0.535)
  • PCRT : IPO DPU Forecast – FY11 = 2.35ct ; FY12 = 3.86ct ; Semi-Annual Dividend Payout with 1st Payout for Dec-11 ; Listing on 9-Jun-11 2pm
  • HPH Trust : IPO DPU Forecast – FY11 = US5.9ct (HK45.88ct) ; FY12 = US6.59ct (HK51.24ct)
  • Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)

 

December 31, 2012 Yield Comments Off on December 2012

November 2012

Results Announcement

  • 1 Nov 12 (AM) : Cambridge (Tables Updated)
  • 1 Nov 12 : CitySpring (Table Updated)
  • 6 Nov 12 (AM) : PCRT (Table Updated)
  • 6 Nov 12 : A-HTrust (Tables Updated)
  • 8 Nov 12 (AM) : PLife (Tables Updated)
  • 8 Nov 12 : Saizen (Tables Updated)
  • 9 Nov 12 : LMIR (Tables Updated)

 

 

REITs : Average Yield = 6.191%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Sabana REIT

Q3 – Sep12

2.340

$1.110

8.387%

$1.030

38.30%

Industrial

AscendasHT

Q2 – Sep12

1.260

$0.910

7.775%

$0.800

31.70%

Hotels : Australia (71%) + Japan (25%) + China (4%)

Cambridge

Q3 – Sep12

1.204

$0.650

7.369%

$0.612

36.60%

Industrial

SaizenREIT

2H – Jun12

0.630

$0.173

7.283%

$0.300

31.40%

Residential (Japan)

CACHE

Q3 – Sep12

2.144

$1.190

7.167%

$0.900

32.60%

Industrial

First REIT

Q3 – Sep12

1.680

$1.015

7.064%

$0.791

15.90%

Hospitals + Hotel (Indonesia)

AIMSAMPI Reit

Q2 – Sep12

2.500

$1.425

7.018%

$1.443

31.50%

Industrial

AscottREIT

Q3 – Sep12

2.240

$1.320

6.788%

$1.370

40.60%

Serviced Apts (Regional)

MapletreeInd

Q2 – Sep12

2.290

$1.375

6.662%

$1.020

37.20%

Industrial

Kep REIT

Q3 – Sep12

1.960

$1.230

6.341%

$1.230

44.10%

Office

CapitaRChina

Q3 – Sep12

2.420

$1.540

6.253%

$1.250

30.40%

Retail (China)

LippoMalls

Q3 – Sep12

0.730

$0.470

6.213%

$0.528

22.70%

Retail (Indonesia)

MapletreeLog

Q2 – Sep12

1.710

$1.110

6.162%

$0.880

37.00%

Industrial

Ascendasreit

Q2 – Sep12

3.530

$2.400

5.883%

$1.845

32.50%

Industrial

Starhill Gbl

Q3 – Sep12

1.110

$0.755

5.854%

$0.940

31.20%

Retail + Office

SuntecReit

Q3 – Sep12

2.350

$1.620

5.771%

$1.946

37.80%

Retail + Office

Far East HTrust

FY12 – IPO

2.320

$0.985

5.656%

$0.930

30.50%

Hotels + Serviced Apts

CDL Htrust

Q3 – Sep12

2.720

$1.925

5.621%

$1.570

25.50%

Hotels : Singapore (82.5%) + Australia (13%) + NZ (4.5%)

Frasers Comm

2H – Sep12

3.448

$1.255

5.495%

$1.500

36.80%

Office + Retail

FrasersCT

Q4 – Sep12

2.710

$1.985

5.461%

$1.530

30.10%

Retail

MapletreeCom

Q2 – Sep12

1.546

$1.195

5.175%

$0.952

37.70%

Retail + Office

CapitaComm

Q3 – Sep12

2.040

$1.620

5.012%

$1.580

30.90%

Office (63%) + Retail (22%) + Hotel (15%)

Fortune Reit HK$

Q3 – Sep12

8.160

$6.690

4.879%

$8.320

24.60%

Retail (HK)

PLife REIT

Q3 – Sep12

2.580

$2.140

4.822%

$1.460

36.40%

Hospitals

CapitaMall

Q3 – Sep12

2.420

$2.070

4.652%

$1.620

37.60%

Retail + Office

NOTES :

  • Mkt Price is as on 30-Nov-12
  • Saizen : No DPU Payout as Semi-Annual Payout Policy
  • PLife : Annualised DPU = 10.32ct
  • A-HTrust : DPU = 1.09ct (if no sponsor waiver)
  • Cambridge : Annualised DPU = 4.790ct
  • Fortune :No DPU Payout as Semi-Annual DPU Payout Policy
  • CDL H-Trust : Annualised DPU = 10.82ct ; No DPU Payout as Semi-Annual DPU Payout Policy
  • StarHill Global : Annualised DPU = 4.42ct
  • CCT : Annualised DPU = 8.12ct
  • FCOT : Quarterly DPU Payout from Dec Quarter
  • Suntec : Annualised DPU = 9.349ct
  • FirstREIT : Annualised DPU = 7.17ct
  • CLT : Annualised DPU = 8.529ct
  • ART : DPU Not Paid as Semi-Annual Payout Policy
  • CRCT : Annualised DPU Payout = 9.63ct ; DPU Not Paid as Semi-Annual Payout Policy
  • CMT : Annualised DPU Payout = 9.63ct
  • Sabana : Annualised DPU = 9.31ct
  • K-REIT : Annualised DPU Payout = 7.80ct ; Quarterly DPU Payout Policy from Q312
  • 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
  • FCT : A total of $2.3 million has been retained in 1H12 (1Q12: $1.6 million + 2Q12: $0.7 million) + 3Q12 : $1.172 million
  • A-REIT : Private Placement (3 May 12) – 150Mil @ $1.99 ; Listing on 14 May 12 2pm
  • K-REIT : Proposed 17-for-20 Rights Issue @ $0.85 (17-Oct-11)
  • LMIR : Proposed Rights 1-for-1 @ $0.31 ; SGX Annc (3-Oct-11) ; 1H11 Proforma – DPU 1.63ct ; NAV $0.5753 ; TERP $0.458 (Mkt $0.605)
  • AIMSAMPI Reit : 5-to-1 Stocks Consolidation on 29-Sep-11
  • MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm
  • FCOT : 5-to-1 Stocks Consolidation on 8-Feb-11 ; Circular (30-Dec-10) : Proforma FY10 (Sep) – DPU 5.55ct ; NAV $1.38 ; Issued Shares 620,857,225
  • FirstREIT : Proposed Rights 5-for-4 @ $0.50 ; SGX Annc (10-Nov-10) ; FY11 Forecast – DPU 6.4ct ; NAV $0.76 ; Gearing 17.25% ; TERP $0.70 (Mkt $0.95)
  • Sabana : Forecast DPU FY11 = 8.63ct ; FY12 = 8.67ct ; Listed on 26 Nov 10 2pm @ $1.05

  
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q3 – Sep12

0

$0.123

0.000%

$0.490

Shipping Trust

Rickmers

Q3 – Sep12

0.6

$0.345

8.493%

$0.990

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2209:US$1 fm Yahoo Finance)
  • Rickmers : 10% Payout (of Cash flow available for distribution before payment to debt capital providers)
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13

   
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

CitySpring

Q2 – Sep12

0.82

$0.445

7.371%

$0.210

Infrastructure – Water + Gas + Power

K-Green

1H12 – Jun

7.82

$1.020

7.667%

$1.050

Energy (Incineration) + Water (NEWater)

AscendasIndT

1H – Sep12

2.5

$0.750

6.404%

$0.640

India – Industrial Park

Indiabulls

1H – Sep12

0.0184

$0.110

0.335%

$0.426

India – Office

HPH Trust US$

FY12 – IPO

6.59

$0.775

8.503%

HK$7.58

Ports – HK + China

TCT

Q3 – Sep12

—

$1.455

0.000%

$4.090

China – Retail + Office + Industrial

PerennialCRT

Q3 – Sep12

0.97

$0.495

7.798%

$0.650

China Retail

Religare

FY13 – IPO

4

$0.830

9.639%

$0.870

India – Healthcare

NOTES :

  • 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%
  • PCRT : Annualised DPU = 3.86ct ; DPU Includes $21.217Mil Additional Income (To Be Drawn from Earn-Out Fund) ; No DPU Payout as Semi-Annual Payout Policy
  • a-iTrust : 1-Apr-12 to 8-Oct-12 ; 1H DPU = 2.4ct (90% Payout)
  • HPH-Trust : No DPU Payout as Semi-Annual Payout Policy
  • Indiabulls : Maiden DPU Declared since Listing on 11-Jun-08
  • TCT : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
  • HPH Trust : 1H12 DPU Payout = HK24.05ct ; Above Table Uses IPO Forecast to Compute Yield (Both DPU & Mkt Price in US$)
  • K-Green : 1H12 DPU Payout = 3.13ct ; 2H11 DPU Payout = 4.69ct ; Above Table Uses 2H11 + 1H12 DPU = 7.82ct to Calculate Yield
  • CitySpring : Guidance for FY13 DPU = 3.28ct ie 0.82ct / Q
  • CitySpring : Proposed 11-for-20 Rights Issue @ $0.39. TERP = $0.4835 @ $0.535 (Mkt Price) ; Annualised Yield (Profroma 2FY11) = 6.8% @ TERP (Before Rights = 8.4% @ $0.535)
  • PCRT : IPO DPU Forecast – FY11 = 2.35ct ; FY12 = 3.86ct ; Semi-Annual Dividend Payout with 1st Payout for Dec-11 ; Listing on 9-Jun-11 2pm
  • HPH Trust : IPO DPU Forecast – FY11 = US5.9ct (HK45.88ct) ; FY12 = US6.59ct (HK51.24ct)
  • Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
November 30, 2012 Yield Comments Off on November 2012