Category: Yield
April 2010
Results Announcement
- 16 Apr 10 (AM) : CCT (Tables Updated)
- 19 Apr 10 : A-REIT (Tables Updated)
- 19 Apr 10 : K-REIT (Tables Updated)
- 20 Apr 10 : FSL (Table Updated)
- 21 Apr 10 (AM) : CMT (Tables Updated)
- 21 Apr 10 : PST (Table Updated)
- 21 Apr 10 : Cambridge (Tables Updated)
- 22 Apr 10 : FCOT (Tables Updated)
- 22 Apr 10 : MLT (Tables Updated)
- 23 Apr 10 : First REIT (Tables Updated)
- 23 Apr 10 : FCT (Tables Updated)
- 23 Apr 10 : CRCT (Tables Updated)
- 26 Apr 10 : Rickmers (Table Updated)
- 26 Apr 10 : StarHill Gbl (Tables Updated)
- 27 Apr 10 : Suntec (Tables Updated)
- 29 Apr 10 : a-iTrust (Table Updated)
- 30 Apr 10 (AM) : ART (Tables Updated)
- 30 Apr 10 : CDL H-Trust (Tables Updated)
- 6 May 10 : PLife
- 6 May 10 : LMIR
- 12 May 10 (AM) : Saizen
- 22 May 10 : CitySpring
REITs : Average Yield = 6.832% (Excl. Saizen)
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Cambridge |
Q1 – Mar10 |
1.274 |
$0.510 |
10.131% |
$0.59 |
42.60% |
Industrial |
|
LippoMapleT |
Q4 – Dec09 |
1.16 |
$0.495 |
9.374% |
$0.83 |
10.50% |
Malls (Indonesia) |
|
First REIT |
Q1 – Mar10 |
1.9 |
$0.850 |
9.071% |
$0.98 |
15.70% |
Hospitals + Hotel (Indonesia) |
|
AIMSAMPIReit |
Q3 – Dec09 |
0.359 |
$0.230 |
8.012% |
$0.31 |
28.90% |
Industrial |
|
CACHE |
FY10 – IPO |
7.65 |
$0.960 |
7.969% |
$0.87 |
25.90% |
Industrial |
|
FraserComm |
1H – Mar10 |
0.5619 |
$0.145 |
7.793% |
$0.27 |
40.10% |
Malls + Office (S’pore and Aust) |
|
SuntecReit |
Q1 – Mar10 |
2.513 |
$1.390 |
7.332% |
$1.75 |
33.40% |
Malls + Office |
|
CapitaRChina |
Q1 – Mar10 |
2.14 |
$1.250 |
6.944% |
$1.07 |
33.80% |
Malls (China) |
|
MapletreeLog |
Q1 – Mar10 |
1.5 |
$0.880 |
6.818% |
$0.85 |
38.60% |
Industrial |
|
CapitaComm |
Q1 – Mar10 |
1.93 |
$1.210 |
6.471% |
$1.37 |
32.20% |
Office |
|
Starhill Gbl |
Q1 – Mar10 |
0.95 |
$0.610 |
6.311% |
$0.81 |
29.30% |
Malls + Office |
|
PLife REIT |
Q4 – Dec09 |
2.05 |
$1.330 |
6.165% |
$1.37 |
27.40% |
Hospitals |
|
FrasersCT |
Q2 – Mar10 |
2.06 |
$1.350 |
6.104% |
$1.23 |
31.40% |
Malls |
|
Fortune Reit HK$ |
2H – Dec09 |
10.6 |
$3.620 |
5.856% |
$5.33 |
23.70% |
Malls (HK) |
|
Ascendasreit |
Q4 – Mar10 |
2.73 |
$1.940 |
5.629% |
$1.55 |
31.60% |
Industrial |
|
AscottREIT |
Q1 – Mar10 |
1.66 |
$1.200 |
5.533% |
$1.32 |
42.10% |
Serviced Apts (Regional) |
|
CDL Htrust |
Q1 – Mar10 |
2.32 |
$1.930 |
4.876% |
$1.41 |
30.90% |
Hotels |
|
K-REIT |
Q1 – Mar10 |
1.33 |
$1.120 |
4.813% |
$1.47 |
25.20% |
Office |
|
CapitaMall |
Q1 – Mar10 |
2.23 |
$1.960 |
4.612% |
$1.54 |
32.40% |
Malls + Office |
|
SaizenREIT |
Q2 – Dec09 |
0 |
$0.165 |
0.000% |
$0.40 |
43.50% |
Residential (Japan) |
NOTES :
- Mkt Price is as on 30-Apr-10
- CDLHTrust : Annualised = 9.41ct ; No Payout as Semi-Annual Payout Policy
- AscottREIT : No Payout as Semi-Annual Payout Policy
- Suntec : Annualised DPU = 10.192ct
- StarHill Gbl : Annualised DPU = 3.85ct
- CRCT : Annualised DPU = 8.68ct ; No Payout as Semi-Annual Payout Policy
- FCT : Actual Payout 1.33ct (0.73ct was paid on 15-Mar-10 for the Period 1-Jan-10 to 3-Feb-10) ; $1.1M Retained for Future Distribution
- FirstREIT : Annualised DPU 7.71ct
- FrasersComm : Annualised DPU = 1.13ct
- Cambridge : Annualised DPU = 5.167ct
- CMT : Annualised DPU = 9.04ct ; Retained Income (for Future Distribution) = $9.5M
- KREIT : Annualised DPU = 5.39ct ; No Payout as Semi-Annual Payout Policy
- StarHill Gbl : Proposed Acquisitions (Cash RM300M + MTN RM330M + CPU RM405M) ; SGX Annc (16-Apr-10) ; Proforma (FY09) Impact – DPU 4.36ct (4.34ct if CPUs converted) / NAV $0.91 ($0.81 if CPUs converted) / Gearing 29%
- CCT : Annualised DPU = 7.83ct ; No Payout as Semi-Annual Payout Policy
- CLT (IPO) : IPO Forecast – 7.65ct (FY10) ; 7.78ct (FY11) ; IPO Close : 8-Apr-10 12pm ; Listing : 12-Apr-10 2pm ; IPO Prospectus
- AIMSAMPIReit : Actual DPU Payout = 0.1868ct (24-Nov-09 to 31-Dec-10) ; Above Yield is Computed Using this DPU
- CRCT : Q409 DPU 2.04ct (Annualised 8.09ct)
- FCT : Private Placement 137Mil New Units @ $1.33 ; SGX Annc (27-Jan-10) ; Listing on 4-Feb-10 2pm
- PLife : Annualised DPU = 8.2ct
- FCT : Proposed Acquisitions + New Shares Issue ; Circular (7-Jan-10)
- Suntec : Private Placement 128.5Mil New Units @ $1.19 ; SGX Annc (11-Dec-09) ; Gearing 31.5% ; Aggregate Leverage 33.4%
- MapleTree : Private Placement 115Mil New Units @ $0.69 ; SGX Annc (9-Nov-09) ; Proforma (3Q09) – Yield Accretive +1.5% ; DPU 0.74-0.76ct (Advanced Distribution for the Period 1-Oct-09 to 17-Nov-09) for Existing Shareholders ; Gearing ~38.5%
- AIMSAMPIReit : 2-for1 Rights @ $0.159 (xri 25-Nov-09) ; Circular (6-Nov-09) ; 1H10 (Proforma) – DPU 1.04ct (Yield 9.3% @ TERP $0.223 – Mkt $0.41) ; NAV $0.31 ; Gearing 29% ; Listing on 28-Dec-09 9am
- KREIT : 1-for1 Rights @ $0.93 (xri 23-Oct-09) ; Circular (3-Oct-09) ; FY08 (Proforma) – DPU 6.08ct (Yield 5.8% @ TERP $1.06 – Mkt $1.18) ; NAV $1.49 ; Gearing 9.1%
- Saizen : No Payout since 1H09 (Dec-08) ; SGX Annc Pg21 : The Board expects Saizen REIT will start accumulating cash for distribution from the last quarter of FY2010 or first quarter of FY2011
- Fortune : Proposed 1-for-1 Rights @ HK$2.29 (xri 15-Sep-09) ; Circular (24-Aug-09) ; 1H09 (Proforma) – DPU HK12.03ct (Yield 7.52% @ TERP HK$3.20) ; NAV HK$4.98
- Cambridge : Private Placement – 71.14Mil Shares @ $0.392 ; Listing on 13-Aug-09 9am
- AREIT : Private Placement – 185Mil Shares @ $1.63 ; Listing on 20-Aug-09 2pm ; Gearing 29.3%
- FCOT : 3-for-1 Rights @ $0.095 (xr 27-Jul-09) ; Circular (30-Jun-09) ; Mar09 (Proforma) – DPU 1.06ct Annualised (Yield 8% @ $0.131 theoretical ex-rights price) ; NAV $0.26 ; Gearing 38.5% ; New Shares Listing – 27 Aug 09
- StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 17-Jul-09) ; Circular (22-Jun-09) : FY08 (Proforma) – DPU 3.85ct (Yield 7.8% @ $0.495 theoretical ex-rights price) ; NAV $0.802; Gearing 20.7% ; New Shares Listing – 19 Aug 09
- CCT : 1-for-1 Rights @ $0.59 (xr 3-Jun-09) ; Circular (29-May-09) : Mar09 (Proforma) – DPU 1.77ct (Yield 7.251% @ $0.825 theoretical ex-rights price) ; NAV $1.51 ; Gearing 30.7%
- Saizen : 11-for-10 Rights @ $0.09 with Attached Warrants (xr 4-May-09)
- CMT : 9-for-10 Rights @ $0.82 (xr 4-Mar-09)
- Saizen : IPO Forecast – FY09 (Jun09) : 5.65ct ; FY08 (Jun08) : 4.67ct (Incl. Bonus Div) / Annualised Yield 5.3% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
PacShipTr US$ |
Q1 – Mar10 |
0.793 |
$0.305 |
10.400% |
$0.40 |
Shipping Trust |
|
FSL Trust |
Q1 – Mar10 |
1.5 |
$0.605 |
13.549% |
$0.62 |
Shipping Trust |
|
Rickmers |
Q1 – Mar10 |
0.57 |
$0.385 |
8.091% |
$0.94 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3662:US$1 fm Yahoo Finance)
- Rickmers : 13% Payout
- PST : 70% Payout
- FSL : 55% Payout ; Q210 DPU Guidance = US1.5ct
Other Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
CitySpring |
Q3 – Dec09 |
1.05 |
$0.605 |
6.942% |
$0.44 |
Infrastructure – Water, Gas |
|
HyfluxWaterT |
2H – Dec09 |
2.86 |
$0.690 |
8.290% |
$0.75 |
China – Water Plant |
|
AscendasIndT |
2H – Mar10 |
3.64 |
$1.040 |
7.000% |
$0.90 |
India – Industrial Park |
|
Indiabulls |
Q3 – Dec09 |
— |
$0.310 |
— |
$0.53 |
India – Office |
NOTES :
- HWT : 2H09 DPU = 2.86ct (With Sponsor Waiver) ; Sponsor DPU = 2.03ct
- CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.50
- Indiabulls : No DPU Declared
- IndiaBulls : Proposed 53-for-100 Rights @ $0.16 (xr 2-Oct-09) ; Circular (10-Sep-09) ; TERP $0.258 (Mkt $0.31) ; NAV $0.54
- CitySpring : Proposed 1-for-1 Rights @ $0.48 (xr 25-Aug-09) ; Circular (21-Aug-09) ; DPU = 1ct (Proforma Q109) ; Yield 6.349% ; TERP $0.63 (Mkt $0.78) ; NAV $0.28
- Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
March 2010
REITs : Average Yield = 7.091% (Excl. Saizen)
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Cambridge |
Q4 – Dec09 |
1.377 |
$0.465 |
11.748% |
$0.60 |
42.60% |
Industrial |
|
LippoMapleT |
Q4 – Dec09 |
1.16 |
$0.480 |
9.667% |
$0.83 |
10.50% |
Malls (Indonesia) |
|
First REIT |
Q4 – Dec09 |
1.92 |
$0.840 |
9.071% |
$0.98 |
15.50% |
Hospitals + Hotel (Indonesia) |
|
AIMSAMPIReit |
Q3 – Dec09 |
0.359 |
$0.215 |
8.571% |
$0.31 |
28.90% |
Industrial |
|
SuntecReit |
Q4 – Dec09 |
2.886 |
$1.340 |
8.545% |
$1.75 |
34.50% |
Malls + Office |
|
MapletreeLog |
Q4 – Dec09 |
1.59 |
$0.850 |
6.965% |
$0.85 |
38.10% |
Industrial |
|
Starhill Gbl |
Q4 – Dec09 |
0.97 |
$0.560 |
6.875% |
$0.81 |
26.90% |
Malls + Office |
|
CapitaComm |
2H – Dec09 |
3.73 |
$1.080 |
6.852% |
$1.37 |
33.20% |
Office |
|
Ascendasreit |
Q3 – Dec09 |
3.27 |
$1.920 |
6.813% |
$1.58 |
31.20% |
Industrial |
|
CapitaRChina |
2H – Dec09 |
4.06 |
$1.230 |
6.602% |
$1.05 |
33.60% |
Malls (China) |
|
FraserComm |
Q1 – Dec09 |
0.24 |
$0.150 |
6.333% |
$0.27 |
40.40% |
Malls + Office (S’pore and Aust) |
|
AscottREIT |
2H – Dec09 |
3.77 |
$1.240 |
6.081% |
$1.34 |
41.20% |
Serviced Apts (Regional) |
|
PLife REIT |
Q4 – Dec09 |
2.05 |
$1.360 |
6.029% |
$1.37 |
27.40% |
Hospitals |
|
Fortune Reit HK$ |
2H – Dec09 |
10.60 |
$3.570 |
5.938% |
$5.33 |
23.70% |
Malls (HK) |
|
FrasersCT |
Q1 – Dec09 |
1.91 |
$1.340 |
5.701% |
$1.22 |
29.70% |
Malls |
|
CapitaMall |
Q4 – Dec09 |
2.40 |
$1.770 |
5.379% |
$1.54 |
30.50% |
Malls + Office |
|
CDL Htrust |
2H – Dec09 |
4.71 |
$1.800 |
5.233% |
$1.43 |
19.10% |
Hotels |
|
K-REIT |
Q4 – Dec09 |
1.45 |
$1.100 |
5.227% |
$1.47 |
27.70% |
Office |
|
SaizenREIT |
Q2 – Dec09 |
0 |
$0.165 |
0.000% |
$0.40 |
43.50% |
Residential (Japan) |
NOTES :
- Mkt Price is as on 31-Mar-10
- AIMSAMPIReit : Actual DPU Payout = 0.1868ct (24-Nov-09 to 31-Dec-10) ; Above Yield is Computed Using this DPU
- CRCT : Q409 DPU 2.04ct (Annualised 8.09ct)
- StarHill Gbl : Annualised DPU = 3.85ct
- Cambridge : Annualised DPU = 5.463ct
- FCT : Private Placement 137Mil New Units @ $1.33 ; SGX Annc (27-Jan-10) ; Listing on 4-Feb-10 2pm
- CDLHTrust : Q409 DPU = 2.67ct (Annualised = 10.59ct) ; Above Figures Uses Actual 2H09 DPU Payout to Compute Yield
- FrasersComm : Annualised DPU = 0.95ct ; No Payout as Semi-Annual Payout Policy
- Suntec : Annualised DPU = 11.45ct
- CMT : Annualised DPU = 9.52ct
- PLife : Annualised DPU = 8.2ct
- FirstREIT : Annualised DPU 7.62ct
- MapleTree : Actual Payout = 0.84ct (18-Nov-09 to 31-Dec-09) as 0.75ct Already Paid (1-Oct-09 to 17-Nov-09) ; DPU = 1.48ct is Used to Compute the Yield for Above Table as the Q4 DPU Includes a One-Off 0.11ct (See SGX Annc pg 2)
- AscottREIT : DPU (Q409) = 1.87ct
- KREIT : Annualised DPU = 5.75ct (Q409 DPU Used in Above Table as it Better Reflects the Impact of the Rights Issue) ; Actual DPU = 2.77ct (1-Jul-09 to 31-Dec-09)
- CCT : Annualised DPU = 7.40ct
- FCT : Proposed Acquisitions + New Shares Issue ; Circular (7-Jan-10)
- Suntec : Private Placement 128.5Mil New Units @ $1.19 ; SGX Annc (11-Dec-09) ; Gearing 31.5% ; Aggregate Leverage 33.4%
- MapleTree : Private Placement 115Mil New Units @ $0.69 ; SGX Annc (9-Nov-09) ; Proforma (3Q09) – Yield Accretive +1.5% ; DPU 0.74-0.76ct (Advanced Distribution for the Period 1-Oct-09 to 17-Nov-09) for Existing Shareholders ; Gearing ~38.5%
- AIMSAMPIReit : 2-for1 Rights @ $0.159 (xri 25-Nov-09) ; Circular (6-Nov-09) ; 1H10 (Proforma) – DPU 1.04ct (Yield 9.3% @ TERP $0.223 – Mkt $0.41) ; NAV $0.31 ; Gearing 29% ; Listing on 28-Dec-09 9am
- KREIT : 1-for1 Rights @ $0.93 (xri 23-Oct-09) ; Circular (3-Oct-09) ; FY08 (Proforma) – DPU 6.08ct (Yield 5.8% @ TERP $1.06 – Mkt $1.18) ; NAV $1.49 ; Gearing 9.1%
- Saizen : No Payout since 1H09 (Dec-08) ; SGX Annc Pg21 : The Board expects Saizen REIT will start accumulating cash for distribution from the last quarter of FY2010 or first quarter of FY2011
- Fortune : Proposed 1-for-1 Rights @ HK$2.29 (xri 15-Sep-09) ; Circular (24-Aug-09) ; 1H09 (Proforma) – DPU HK12.03ct (Yield 7.52% @ TERP HK$3.20) ; NAV HK$4.98
- Cambridge : Private Placement – 71.14Mil Shares @ $0.392 ; Listing on 13-Aug-09 9am
- AREIT : Private Placement – 185Mil Shares @ $1.63 ; Listing on 20-Aug-09 2pm ; Gearing 29.3%
- FCOT : 3-for-1 Rights @ $0.095 (xr 27-Jul-09) ; Circular (30-Jun-09) ; Mar09 (Proforma) – DPU 1.06ct Annualised (Yield 8% @ $0.131 theoretical ex-rights price) ; NAV $0.26 ; Gearing 38.5% ; New Shares Listing – 27 Aug 09
- StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 17-Jul-09) ; Circular (22-Jun-09) : FY08 (Proforma) – DPU 3.85ct (Yield 7.8% @ $0.495 theoretical ex-rights price) ; NAV $0.802; Gearing 20.7% ; New Shares Listing – 19 Aug 09
- CCT : 1-for-1 Rights @ $0.59 (xr 3-Jun-09) ; Circular (29-May-09) : Mar09 (Proforma) – DPU 1.77ct (Yield 7.251% @ $0.825 theoretical ex-rights price) ; NAV $1.51 ; Gearing 30.7%
- Saizen : 11-for-10 Rights @ $0.09 with Attached Warrants (xr 4-May-09)
- CMT : 9-for-10 Rights @ $0.82 (xr 4-Mar-09)
- Saizen : IPO Forecast – FY09 (Jun09) : 5.65ct ; FY08 (Jun08) : 4.67ct (Incl. Bonus Div) / Annualised Yield 5.3% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
PacShipTr US$ |
Q4 – Dec09 |
0.827 |
$0.280 |
11.814% |
$0.40 |
Shipping Trust |
|
FSL Trust |
Q4 – Dec09 |
1.5 |
$0.615 |
13.656% |
$0.64 |
Shipping Trust |
|
Rickmers |
Q4 – Dec09 |
0.57 |
$0.270 |
11.820% |
$0.93 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3997:US$1 fm Yahoo Finance)
- Rickmers : 14% Payout
- FSL : 56% Payout ; Q110 DPU Guidance = US1.5ct
- PST : 70% Payout
Other Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
CitySpring |
Q3 – Dec09 |
1.05 |
$0.605 |
6.942% |
$0.44 |
Infrastructure – Water, Gas |
|
HyfluxWaterT |
2H – Dec09 |
2.86 |
$0.690 |
8.290% |
$0.75 |
China – Water Plant |
|
AscendasIndT |
Q3 – Dec09 |
1.85 |
$0.970 |
7.629% |
$0.85 |
India – Industrial Park |
|
Indiabulls |
Q3 – Dec09 |
— |
$0.275 |
— |
$0.53 |
India – Office |
NOTES :
- HWT : 2H09 DPU = 2.86ct (With Sponsor Waiver) ; Sponsor DPU = 2.03ct
- CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.50
- a-iTrust : DPU Not Paid Out as Semi-Annual Payout Policy
- Indiabulls : No DPU Declared
- IndiaBulls : Proposed 53-for-100 Rights @ $0.16 (xr 2-Oct-09) ; Circular (10-Sep-09) ; TERP $0.258 (Mkt $0.31) ; NAV $0.54
- CitySpring : Proposed 1-for-1 Rights @ $0.48 (xr 25-Aug-09) ; Circular (21-Aug-09) ; DPU = 1ct (Proforma Q109) ; Yield 6.349% ; TERP $0.63 (Mkt $0.78) ; NAV $0.28
- Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
February 2010
Results Announcement
- 5 Feb 10 : AIMSAMPIReit (Tables Updated)
- 8 Feb 10 : Rickmers (Table Updated)
- 9 Feb 10 : LMIR (Tables Updated)
- 11 Feb 10 (AM) : Saizen (Tables Updated)
- 11 Feb 10 : CitySpring (Table Updated)
- 25 Feb 10 (Noon) : HWT (Table Updated)
REITs : Average Yield = 7.339% (Excl. Saizen)
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Cambridge |
Q4 – Dec09 |
1.377 |
$0.445 |
12.276% |
$0.60 |
42.60% |
Industrial |
|
LippoMapleT |
Q4 – Dec09 |
1.16 |
$0.485 |
9.567% |
$0.83 |
10.50% |
Malls (Indonesia) |
|
First REIT |
Q4 – Dec09 |
1.92 |
$0.825 |
9.236% |
$0.98 |
15.50% |
Hospitals + Hotel (Indonesia) |
|
AIMSAMPIReit |
Q3 – Dec09 |
0.359 |
$0.205 |
8.989% |
$0.31 |
28.90% |
Industrial |
|
SuntecReit |
Q4 – Dec09 |
2.886 |
$1.30 |
8.808% |
$1.75 |
34.50% |
Malls + Office |
|
MapletreeLog |
Q4 – Dec09 |
1.59 |
$0.790 |
7.494% |
$0.85 |
38.10% |
Industrial |
|
Starhill Gbl |
Q4 – Dec09 |
0.97 |
$0.540 |
7.130% |
$0.81 |
26.90% |
Malls + Office |
|
CapitaRChina |
2H – Dec09 |
4.06 |
$1.16 |
7.000% |
$1.05 |
33.60% |
Malls (China) |
|
CapitaComm |
2H – Dec09 |
3.73 |
$1.08 |
6.852% |
$1.37 |
33.20% |
Office |
|
Ascendasreit |
Q3 – Dec09 |
3.27 |
$1.93 |
6.777% |
$1.58 |
31.20% |
Industrial |
|
Fortune Reit HK$ |
2H – Dec09 |
10.6 |
$3.15 |
6.730% |
$5.33 |
23.70% |
Malls (HK) |
|
AscottREIT |
2H – Dec09 |
3.77 |
$1.14 |
6.614% |
$1.34 |
41.20% |
Serviced Apts (Regional) |
|
PLife REIT |
Q4 – Dec09 |
2.05 |
$1.29 |
6.357% |
$1.37 |
27.40% |
Hospitals |
|
FraserComm |
Q1 – Dec09 |
0.24 |
$0.150 |
6.333% |
$0.27 |
40.40% |
Malls + Office (S’pore and Aust) |
|
FrasersCT |
Q1 – Dec09 |
1.91 |
$1.35 |
5.659% |
$1.22 |
29.70% |
Malls |
|
CDL Htrust |
2H – Dec09 |
4.71 |
$1.69 |
5.574% |
$1.43 |
19.10% |
Hotels |
|
CapitaMall |
Q4 – Dec09 |
2.4 |
$1.77 |
5.379% |
$1.54 |
30.50% |
Malls + Office |
|
K-REIT |
Q4 – Dec09 |
1.45 |
$1.08 |
5.324% |
$1.47 |
27.70% |
Office |
|
SaizenREIT |
Q2 – Dec09 |
0 |
$0.160 |
0.000% |
$0.40 |
43.50% |
Residential (Japan) |
NOTES :
- Mkt Price is as on 26-Feb-10
- AIMSAMPIReit : Actual DPU Payout = 0.1868ct (24-Nov-09 to 31-Dec-10) ; Above Yield is Computed Using this DPU
- CRCT : Q409 DPU 2.04ct (Annualised 8.09ct)
- StarHill Gbl : Annualised DPU = 3.85ct
- Cambridge : Annualised DPU = 5.463ct
- FCT : Private Placement 137Mil New Units @ $1.33 ; SGX Annc (27-Jan-10) ; Listing on 4-Feb-10 2pm
- CDLHTrust : Q409 DPU = 2.67ct (Annualised = 10.59ct) ; Above Figures Uses Actual 2H09 DPU Payout to Compute Yield
- FrasersComm : Annualised DPU = 0.95ct ; No Payout as Semi-Annual Payout Policy
- Suntec : Annualised DPU = 11.45ct
- CMT : Annualised DPU = 9.52ct
- PLife : Annualised DPU = 8.2ct
- FirstREIT : Annualised DPU 7.62ct
- MapleTree : Actual Payout = 0.84ct (18-Nov-09 to 31-Dec-09) as 0.75ct Already Paid (1-Oct-09 to 17-Nov-09) ; DPU = 1.48ct is Used to Compute the Yield for Above Table as the Q4 DPU Includes a One-Off 0.11ct (See SGX Annc pg 2)
- AscottREIT : DPU (Q409) = 1.87ct
- KREIT : Annualised DPU = 5.75ct (Q409 DPU Used in Above Table as it Better Reflects the Impact of the Rights Issue) ; Actual DPU = 2.77ct (1-Jul-09 to 31-Dec-09)
- CCT : Annualised DPU = 7.40ct
- FCT : Proposed Acquisitions + New Shares Issue ; Circular (7-Jan-10)
- Suntec : Private Placement 128.5Mil New Units @ $1.19 ; SGX Annc (11-Dec-09) ; Gearing 31.5% ; Aggregate Leverage 33.4%
- MapleTree : Private Placement 115Mil New Units @ $0.69 ; SGX Annc (9-Nov-09) ; Proforma (3Q09) – Yield Accretive +1.5% ; DPU 0.74-0.76ct (Advanced Distribution for the Period 1-Oct-09 to 17-Nov-09) for Existing Shareholders ; Gearing ~38.5%
- AIMSAMPIReit : 2-for1 Rights @ $0.159 (xri 25-Nov-09) ; Circular (6-Nov-09) ; 1H10 (Proforma) – DPU 1.04ct (Yield 9.3% @ TERP $0.223 – Mkt $0.41) ; NAV $0.31 ; Gearing 29% ; Listing on 28-Dec-09 9am
- KREIT : 1-for1 Rights @ $0.93 (xri 23-Oct-09) ; Circular (3-Oct-09) ; FY08 (Proforma) – DPU 6.08ct (Yield 5.8% @ TERP $1.06 – Mkt $1.18) ; NAV $1.49 ; Gearing 9.1%
- Saizen : No Payout since 1H09 (Dec-08) ; SGX Annc Pg21 : The Board expects Saizen REIT will start accumulating cash for distribution from the last quarter of FY2010 or first quarter of FY2011
- Fortune : Proposed 1-for-1 Rights @ HK$2.29 (xri 15-Sep-09) ; Circular (24-Aug-09) ; 1H09 (Proforma) – DPU HK12.03ct (Yield 7.52% @ TERP HK$3.20) ; NAV HK$4.98
- Cambridge : Private Placement – 71.14Mil Shares @ $0.392 ; Listing on 13-Aug-09 9am
- AREIT : Private Placement – 185Mil Shares @ $1.63 ; Listing on 20-Aug-09 2pm ; Gearing 29.3%
- FCOT : 3-for-1 Rights @ $0.095 (xr 27-Jul-09) ; Circular (30-Jun-09) ; Mar09 (Proforma) – DPU 1.06ct Annualised (Yield 8% @ $0.131 theoretical ex-rights price) ; NAV $0.26 ; Gearing 38.5% ; New Shares Listing – 27 Aug 09
- StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 17-Jul-09) ; Circular (22-Jun-09) : FY08 (Proforma) – DPU 3.85ct (Yield 7.8% @ $0.495 theoretical ex-rights price) ; NAV $0.802; Gearing 20.7% ; New Shares Listing – 19 Aug 09
- CCT : 1-for-1 Rights @ $0.59 (xr 3-Jun-09) ; Circular (29-May-09) : Mar09 (Proforma) – DPU 1.77ct (Yield 7.251% @ $0.825 theoretical ex-rights price) ; NAV $1.51 ; Gearing 30.7%
- Saizen : 11-for-10 Rights @ $0.09 with Attached Warrants (xr 4-May-09)
- CMT : 9-for-10 Rights @ $0.82 (xr 4-Mar-09)
- 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% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
- PLife : IPO Forecast – 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
PacShipTr US$ |
Q4 – Dec09 |
0.827 |
$0.265 |
12.483% |
$0.40 |
Shipping Trust |
|
FSL Trust |
Q4 – Dec09 |
1.5 |
$0.590 |
14.305% |
$0.64 |
Shipping Trust |
|
Rickmers |
Q4 – Dec09 |
0.57 |
$0.375 |
8.553% |
$0.93 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4067:US$1 fm Yahoo Finance)
- Rickmers : 14% Payout
- FSL : 56% Payout ; Q110 DPU Guidance = US1.5ct
- PST : 70% Payout
Other Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
CitySpring |
Q3 – Dec09 |
1.05 |
$0.600 |
7.000% |
$0.44 |
Infrastructure – Water, Gas |
|
HyfluxWaterT |
2H – Dec09 |
2.86 |
$0.700 |
8.171% |
$0.75 |
China – Water Plant |
|
AscendasIndT |
Q3 – Dec09 |
1.85 |
$0.970 |
7.629% |
$0.85 |
India – Industrial Park |
|
Indiabulls |
Q3 – Dec09 |
— |
$0.270 |
— |
$0.53 |
India – Office |
NOTES :
- HWT : 2H09 DPU = 2.86ct (With Sponsor Waiver) ; Sponsor DPU = 2.03ct
- CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.50
- a-iTrust : DPU Not Paid Out as Semi-Annual Payout Policy
- Indiabulls : No DPU Declared
- IndiaBulls : Proposed 53-for-100 Rights @ $0.16 (xr 2-Oct-09) ; Circular (10-Sep-09) ; TERP $0.258 (Mkt $0.31) ; NAV $0.54
- CitySpring : Proposed 1-for-1 Rights @ $0.48 (xr 25-Aug-09) ; Circular (21-Aug-09) ; DPU = 1ct (Proforma Q109) ; Yield 6.349% ; TERP $0.63 (Mkt $0.78) ; NAV $0.28
- Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
January 2010
Results Announcement
- 18 Jan 10 : A-REIT (Tables Updated)
- 20 Jan 10 (AM) : CCT (Tables Updated)
- 20 Jan 10 : K-REIT (Tables Updated)
- 20 Jan 10 : PST (Table Updated)
- 21 Jan 10 (AM) : ART (Tables Updated)
- 21 Jan 10 : MapleTree (Tables Updated)
- 22 Jan 10 (AM) : IndiaBulls (Table Updated)
- 22 Jan 10 (AM) : FirstREIT (Tables Updated)
- 22 Jan 10 (AM) : PLife (Tables Updated)
- 22 Jan 10 (AM) : CMT (Tables Updated)
- 22 Jan 10 : a-iTrust (Table Updated)
- 25 Jan 10 (Noon) : FCT (Tables Updated)
- 25 Jan 10 : Suntec (Tables Updated)
- 25 Jan 10 : FSL (Table Updated)
- 26 Jan 10 : Fortune (Tables Updated)
- 26 Jan 10 : FCOT (Tables Updated)
- 26 Jan 10 : CDL HTrust (Tables Updated)
- 27 Jan 10 : Cambridge (Tables Updated)
- 28 Jan 10 (AM) : StarHill Global (Tables Updated)
- 29 Jan 10 (AM) : CRCT (Tables Updated)
- 5 Feb 10 : AIMSAMPIReit
- 11 Feb 10 (AM) : Saizen
- 11 Feb 10 : CitySpring
REITs : Average Yield = 7.372% (Excl. Saizen)
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|
Cambridge |
Q4 : Dec-09 |
1.377 |
S$0.46 |
11.876% |
S$0.60 |
Industrial |
|
LMIR |
Q3 : Sep-09 |
1.22 |
S$0.49 |
9.959% |
S$0.7443 |
Malls – Indonesia |
|
AIMSAMPIReit |
1H10 (Proforma – Rights) |
1.04 |
S$0.215 |
9.674% |
S$0.31 |
Industrial |
|
First REIT |
Q4 : Dec-09 |
1.92 |
S$0.825 |
9.236% |
S$0.9839 |
Hospitals + Hotel (Indonesia) |
|
Suntec |
Q4 : Dec-09 |
2.886 |
S$1.30 |
8.808% |
S$1.754 |
Malls + Office |
|
MapleTree |
Q4 : Dec-09 |
1.59 * |
S$0.78 |
7.590% |
S$0.85 |
Industrial |
|
Starhill Gbl |
Q4 : Dec-09 |
0.97 |
S$0.535 |
7.196% |
S$0.81 |
Malls + Office |
|
CCT |
2H : Dec-09 |
3.73 |
S$1.06 |
6.981% |
S$1.37 |
Office |
|
CapitaRChina |
2H : Dec-09 |
4.06 |
S$1.20 |
6.767% |
S$1.05 |
Malls (China) |
|
A-REIT |
Q3 : Dec-09 |
3.27 |
S$1.94 |
6.742% |
S$1.58 |
Industrial |
|
Fortune |
2H : Dec-09 |
10.6 |
HK$3.15 |
6.730% |
HK$5.33 |
Malls (HK) |
|
AscottREIT |
2H : Dec-09 |
3.77 |
S$1.16 |
6.500% |
S$1.34 |
Serviced Apts (Regional) |
|
FrasersComm |
Q1 : Dec-09 |
0.24 |
S$0.15 |
6.333% |
S$0.27 |
Malls + Office (S’pore + Aust) |
|
PLife |
Q4 : Dec-09 |
1.91 |
S$1.30 |
6.308% |
S$1.37 |
Hospitals |
|
FrasersCT |
Q1 : Dec-09 |
1.91 |
S$1.34 |
5.701% |
S$1.22 |
Malls |
|
CMT |
Q4 : Dec-09 |
2.40 |
S$1.69 |
5.633% |
S$1.54 |
Malls + Office |
|
K-REIT |
Q4 : Dec-09 |
1.45 |
S$1.06 |
5.425% |
S$1.20 |
Office |
|
CDL HTrust |
2H : Dec-09 |
4.71 |
S$1.80 |
5.233% |
S$1.43 |
Hotels |
|
Saizen |
Q3 : Sep-09 |
— |
S$0.155 |
— |
S$0.41 |
Residential (Japan) |
NOTES :
- Mkt Price is as on 29-Jan-10
- CRCT : Q409 DPU 2.04ct (Annualised 8.09ct)
- StarHill Gbl : Annualised DPU = 3.85ct
- Cambridge : Annualised DPU = 5.463ct
- FCT : Private Placement 137Mil New Units @ $1.33 ; SGX Annc (27-Jan-10) ; Listing on 4-Feb-10 2pm
- CDLHTrust : Q409 DPU = 2.67ct (Annualised = 10.59ct) ; Above Figures Uses Actual 2H09 DPU Payout to Compute Yield
- FrasersComm : Annualised DPU = 0.95ct ; No Payout as Semi-Annual Payout Policy
- Suntec : Annualised DPU = 11.45ct
- CMT : Annualised DPU = 9.52ct
- PLife : Annualised DPU = 8.2ct
- FirstREIT : Annualised DPU 7.62ct
- MapleTree : Actual Payout = 0.84ct (18-Nov-09 to 31-Dec-09) as 0.75ct Already Paid (1-Oct-09 to 17-Nov-09) ; DPU = 1.48ct is Used to Compute the Yield for Above Table as the Q4 DPU Includes a One-Off 0.11ct (See SGX Annc pg 2)
- AscottREIT : DPU (Q409) = 1.87ct
- KREIT : Annualised DPU = 5.75ct (Q409 DPU Used in Above Table as it Better Reflects the Impact of the Rights Issue) ; Actual DPU = 2.77ct (1-Jul-09 to 31-Dec-09)
- CCT : Annualised DPU = 7.40ct
- FCT : Proposed Acquisitions + New Shares Issue ; Circular (7-Jan-10)
- Suntec : Private Placement 128.5Mil New Units @ $1.19 ; SGX Annc (11-Dec-09) ; Gearing 31.5% ; Aggregate Leverage 33.4%
- MapleTree : Private Placement 115Mil New Units @ $0.69 ; SGX Annc (9-Nov-09) ; Proforma (3Q09) – Yield Accretive +1.5% ; DPU 0.74-0.76ct (Advanced Distribution for the Period 1-Oct-09 to 17-Nov-09) for Existing Shareholders ; Gearing ~38.5%
- MI-REIT : 2-for1 Rights @ $0.159 (xri 25-Nov-09) ; Circular (6-Nov-09) ; 1H10 (Proforma) – DPU 1.04ct (Yield 9.3% @ TERP $0.223 – Mkt $0.41) ; NAV $0.31 ; Gearing 29% ; Listing on 28-Dec-09 9am
- KREIT : 1-for1 Rights @ $0.93 (xri 23-Oct-09) ; Circular (3-Oct-09) ; FY08 (Proforma) – DPU 6.08ct (Yield 5.8% @ TERP $1.06 – Mkt $1.18) ; NAV $1.49 ; Gearing 9.1%
- Saizen : No Payout since 1H09 (Dec-08) ; SGX Annc Pg21 : The Board expects Saizen REIT will start accumulating cash for distribution from the last quarter of FY2010 or first quarter of FY2011
- Fortune : Proposed 1-for-1 Rights @ HK$2.29 (xri 15-Sep-09) ; Circular (24-Aug-09) ; 1H09 (Proforma) – DPU HK12.03ct (Yield 7.52% @ TERP HK$3.20) ; NAV HK$4.98
- Cambridge : Private Placement – 71.14Mil Shares @ $0.392 ; Listing on 13-Aug-09 9am
- AREIT : Private Placement – 185Mil Shares @ $1.63 ; Listing on 20-Aug-09 2pm ; Gearing 29.3%
- FCOT : 3-for-1 Rights @ $0.095 (xr 27-Jul-09) ; Circular (30-Jun-09) ; Mar09 (Proforma) – DPU 1.06ct Annualised (Yield 8% @ $0.131 theoretical ex-rights price) ; NAV $0.26 ; Gearing 38.5% ; New Shares Listing – 27 Aug 09
- StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 17-Jul-09) ; Circular (22-Jun-09) : FY08 (Proforma) – DPU 3.85ct (Yield 7.8% @ $0.495 theoretical ex-rights price) ; NAV $0.802; Gearing 20.7% ; New Shares Listing – 19 Aug 09
- CCT : 1-for-1 Rights @ $0.59 (xr 3-Jun-09) ; Circular (29-May-09) : Mar09 (Proforma) – DPU 1.77ct (Yield 7.251% @ $0.825 theoretical ex-rights price) ; NAV $1.51 ; Gearing 30.7%
- Saizen : 11-for-10 Rights @ $0.09 with Attached Warrants (xr 4-May-09)
- CMT : 9-for-10 Rights @ $0.82 (xr 4-Mar-09)
- 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% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
- PLife : IPO Forecast – 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|
PacShipTr US$ |
Q4 : Dec-09 |
0.827 |
US$0.265 |
12.483% |
$0.40 |
Shipping Trust |
|
FSL Trust |
Q4 : Dec-09 |
1.50 |
S$0.585 |
14.404% |
$0.64 |
Shipping Trust |
|
Rickmers |
Q3 : Sep-09 |
0.6 |
S$0.38 |
8.870% |
$0.88 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4044:US$1 fm Yahoo Finance)
- FSL : 56% Payout ; Q110 DPU Guidance = US1.5ct
- PST : 70% Payout
- Rickmers : 13% Payout
Other Trusts (non-REITs)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|
CitySpring |
Q2 : Sep-09 |
1.05 |
$0.615 |
6.829% |
$0.43* |
Infrastructure – Water, Gas |
|
AscendasIndT |
Q3 : Dec-09 |
1.85 |
$0.975 |
7.590% |
$0.85 |
India – Industrial Park |
|
HWT |
2H : Dec-09 (Forecast) |
2.86 |
$0.685 |
8.350% |
$0.76 |
China – Water Plant |
|
Indiabulls |
Q3 : Dec-09 |
— |
$0.27 |
— |
$0.5338 |
India – Office |
NOTES :
- a-iTrust : DPU Not Paid Out as Semi-Annual Payout Policy
- Indiabulls : No DPU Declared
- CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.52
- HWT : Q309 DPU = 1.16ct (Not Paid Out as Semi-Annual Payout Policy ; Excludes Sponsor Waiver) ; 2H09 DPU Forecast = 2.86ct (With Sponsor Waiver)
- IndiaBulls : Proposed 53-for-100 Rights @ $0.16 (xr 2-Oct-09) ; Circular (10-Sep-09) ; TERP $0.258 (Mkt $0.31) ; NAV $0.54
- CitySpring : Proposed 1-for-1 Rights @ $0.48 (xr 25-Aug-09) ; Circular (21-Aug-09) ; DPU = 1ct (Proforma Q109) ; Yield 6.349% ; TERP $0.63 (Mkt $0.78) ; NAV $0.28
- HWT : DPU = 2.56ct (With Sponsor Waiver) ; Sponsor DPU = 1.77ct
- HWT : DPU Forecast – 1H09 = 2.56ct ; 2H09 = 2.86ct
- Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
December 2009
REITs : Average Yield = 7.210% (Excl. Saizen)
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|
Cambridge |
Q3 : Sep-09 |
1.344 |
S$0.45 |
11.849% |
S$0.60 |
Industrial |
|
AIMSAMPIReit |
1H10 (Proforma – Rights) |
1.04 |
S$0.215 |
9.674% |
S$0.31 |
Industrial |
|
LMIR |
Q3 : Sep-09 |
1.22 |
S$0.505 |
9.663% |
S$0.7443 |
Malls – Indonesia |
|
First REIT |
Q3 : Sep-09 |
1.90 |
S$0.815 |
9.350% |
S$0.9267 |
Hospitals + Hotel (Indonesia) |
|
Suntec |
Q3 : Sep-09 |
2.921 |
S$1.35 |
8.584% |
S$1.946 |
Malls + Office |
|
Fortune |
1H09 (Proforma – Rights) |
12.03 |
HK$3.13 |
7.687% |
HK$4.98 |
Malls (HK) |
|
MapleTree |
Q3 : Sep-09 |
1.48 |
S$0.785 |
7.541% |
S$0.86 |
Industrial |
|
Starhill Gbl |
Q3 : Sep-09 |
0.95 |
S$0.525 |
7.181% |
S$0.80 |
Malls + Office |
|
AscottREIT |
Q3 : Sep-09 |
1.92 |
S$1.20 |
6.400% |
S$1.32 |
Serviced Apts (Regional) |
|
CCT |
Q3 : Sep-09 |
1.85 |
S$1.17 |
6.274% |
S$1.49 |
Office |
|
PLife |
Q3 : Sep-09 |
1.91 |
S$1.22 |
6.270% |
S$1.32 |
Hospitals |
|
CapitaRChina |
Q3 : Sep-09 |
2.02 |
S$1.28 |
6.258% |
S$1.10 |
Malls (China) |
|
A-REIT |
Q2 : Sep-09 |
3.48* |
S$2.22 |
6.176% |
S$1.58 |
Industrial |
|
FrasersCT |
Q4 : Sep-09 |
2.04 |
S$1.40 |
5.829% |
S$1.22 |
Malls |
|
FrasersComm |
Q3 : Sep-09 |
0.2 |
S$0.14 |
5.714% |
S$0.27 |
Malls + Office (S’pore + Aust) |
|
K-REIT |
FY08 (Proforma – Rights) |
6.08 |
S$1.10 |
5.527% |
S$1.49 |
Office |
|
CMT |
Q3 : Sep-09 |
2.35 |
S$1.80 |
5.178% |
S$1.54 |
Malls + Office |
|
CDL HTrust |
Q3 : Sep-09 |
2.04 |
S$1.75 |
4.623% |
S$1.41 |
Hotels |
|
Saizen |
Q3 : Sep-09 |
— |
S$0.15 |
— |
S$0.41 |
Residential (Japan) |
NOTES :
- Mkt Price is as on 31-Dec-09
- Suntec : Private Placement 128.5Mil New Units @ $1.19 ; SGX Annc (11-Dec-09) ; Gearing 31.5% ; Aggregate Leverage 33.4%
- MapleTree : Private Placement 115Mil New Units @ $0.69 ; SGX Annc (9-Nov-09) ; Proforma (3Q09) – Yield Accretive +1.5% ; DPU 0.74-0.76ct (Advanced Distribution for the Period 1-Oct-09 to 17-Nov-09) for Existing Shareholders ; Gearing ~38.5%
- MI-REIT : 2-for1 Rights @ $0.159 (xri 25-Nov-09) ; Circular (6-Nov-09) ; 1H10 (Proforma) – DPU 1.04ct (Yield 9.3% @ TERP $0.223 – Mkt $0.41) ; NAV $0.31 ; Gearing 29% ; Listing on 28-Dec-09 9am
- PLife : Annualised DPU = 7.65ct
- Fortune : Q309 DPU = HK9.75ct ; DPU Not Paid as Semi-Annual Payout Policy
- CDLHTrust : Annualised DPU = 8.09ct ; DPU Not Paid as Semi-Annual Payout Policy
- StarHill Gbl : Annualised DPU = 3.77ct
- AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
- Cambridge : Annualised DPU = 5.332ct ; Cambridge A DPU = 0.708ct (12-Aug-09 to 30-Sep-09)
- Suntec : Annualised DPU = 11.589ct
- FrasersComm : Annualised DPU = 0.8ct
- CRCT : Annualised DPU = 8.01ct ; DPU Not Paid as Semi-Annual Payout Policy
- FCT : DPU = 1.95ct if exclude Retained Income from Previous Quarters
- CMT : Annualised DPU = 9.32ct
- FirstREIT : Annualised DPU 7.62ct
- CCT : Annualised DPU = 7.34ct ; DPU Not Paid as Semi-Annual Payout Policy
- A-REIT : DPU = 1.94ct (1-Jul to 19-Aug ; Paid on 23-Sep) + 1.54ct (20-Aug to 30-Sep) ; * Above Yield is Calculated Using DPU = 1.54ct for the Period 20-Aug to 30-Sep.
- KREIT : Annualised DPU = 10.67ct ; DPU Not Paid as Semi-Annual Payout Policy
- KREIT : 1-for1 Rights @ $0.93 (xri 23-Oct-09) ; Circular (3-Oct-09) ; FY08 (Proforma) – DPU 6.08ct (Yield 5.8% @ TERP $1.06 – Mkt $1.18) ; NAV $1.49 ; Gearing 9.1%
- Saizen : No Payout since 1H09 (Dec-08) ; SGX Annc Pg21 : The Board expects Saizen REIT will start accumulating cash for distribution from the last quarter of FY2010 or first quarter of FY2011
- Fortune : Proposed 1-for-1 Rights @ HK$2.29 (xri 15-Sep-09) ; Circular (24-Aug-09) ; 1H09 (Proforma) – DPU HK12.03ct (Yield 7.52% @ TERP HK$3.20) ; NAV HK$4.98
- Cambridge : Private Placement – 71.14Mil Shares @ $0.392 ; Listing on 13-Aug-09 9am
- AREIT : Private Placement – 185Mil Shares @ $1.63 ; Listing on 20-Aug-09 2pm ; Gearing 29.3%
- FCOT : 3-for-1 Rights @ $0.095 (xr 27-Jul-09) ; Circular (30-Jun-09) ; Mar09 (Proforma) – DPU 1.06ct Annualised (Yield 8% @ $0.131 theoretical ex-rights price) ; NAV $0.26 ; Gearing 38.5% ; New Shares Listing – 27 Aug 09
- StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 17-Jul-09) ; Circular (22-Jun-09) : FY08 (Proforma) – DPU 3.85ct (Yield 7.8% @ $0.495 theoretical ex-rights price) ; NAV $0.802; Gearing 20.7% ; New Shares Listing – 19 Aug 09
- CCT : 1-for-1 Rights @ $0.59 (xr 3-Jun-09) ; Circular (29-May-09) : Mar09 (Proforma) – DPU 1.77ct (Yield 7.251% @ $0.825 theoretical ex-rights price) ; NAV $1.51 ; Gearing 30.7%
- Saizen : 11-for-10 Rights @ $0.09 with Attached Warrants (xr 4-May-09)
- CMT : 9-for-10 Rights @ $0.82 (xr 4-Mar-09)
- 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% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
- PLife : IPO Forecast – 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|
PacShipTr US$ |
Q3 : Sep-09 |
0.818 |
US$0.27 |
12.119% |
$0.40 |
Shipping Trust |
|
FSL Trust |
Q3 : Sep-09 |
1.50 |
S$0.60 |
14.026% |
$0.63 |
Shipping Trust |
|
Rickmers |
Q3 : Sep-09 |
0.6 |
S$0.375 |
8.977% |
$0.88 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4026:US$1 fm Yahoo Finance)
- Rickmers : 13% Payout
- FSL : Q309 DPU = US1.5ct (50% Payout) ; US1.27ct (Stub Distribution) Already Paid Out ; Balance US0.23ct
- PST : 70% Payout
Other Trusts (non-REITs)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|
CitySpring |
Q2 : Sep-09 |
1.05 |
$0.59 |
7.119% |
$0.43* |
Infrastructure – Water, Gas |
|
AscendasIndT |
1H : Sep-09 |
3.91 |
$0.98 |
7.980% |
$0.84 |
India – Industrial Park |
|
HWT |
2H : Dec-09 (Forecast) |
2.86 |
$0.70 |
8.171% |
$0.76 |
China – Water Plant |
|
Indiabulls |
Q2 : Sep-09 |
— |
$0.26 |
— |
$0.7242 |
India – Office |
NOTES :
- Indiabulls : No DPU Declared
- CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.52
- HWT : Q309 DPU = 1.16ct (Not Paid Out as Semi-Annual Payout Policy ; Excludes Sponsor Waiver) ; 2H09 DPU Forecast = 2.86ct (With Sponsor Waiver)
- a-iTrust : DPU = 1.85ct (Sep) + 2.06ct (Jun)
- IndiaBulls : Proposed 53-for-100 Rights @ $0.16 (xr 2-Oct-09) ; Circular (10-Sep-09) ; TERP $0.258 (Mkt $0.31) ; NAV $0.54
- CitySpring : Proposed 1-for-1 Rights @ $0.48 (xr 25-Aug-09) ; Circular (21-Aug-09) ; DPU = 1ct (Proforma Q109) ; Yield 6.349% ; TERP $0.63 (Mkt $0.78) ; NAV $0.28
- HWT : DPU = 2.56ct (With Sponsor Waiver) ; Sponsor DPU = 1.77ct
- HWT : DPU Forecast – 1H09 = 2.56ct ; 2H09 = 2.86ct
- 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)