Category: Yield
November 2009
NOTE : MI-REIT Yield is Based on 1H10 Proforma Rights Figures
Results Announcement
- 4 Nov 09 – Fortune (No Change : 1H09 Proforma – Rights Figures Used)
- 4 Nov 09 – LMIR (Tables Updated)
- 5 Nov 09 – PLife (Tables Updated)
- 5 Nov 09 – MI-REIT (Tables Updated)
- 9 Nov 09 – Rickmers (Table Updated)
- 11 Nov 09 (AM) – Saizen (Tables Updated)
- 11 Nov 09 (Noon) – HWT (Table Updated)
- 12 Nov 09 – CitySpring (Table Updated)
- 14 Nov 09 – IndiaBulls (Table Updated)
REITs : Average Yield = 7.779% (Excl. Saizen)
| REIT |
Period
|
DPU ct |
Price
|
Yield
|
NAV
|
Assets Type
|
| Cambridge |
Q3 : Sep-09
|
1.344
|
S$0.415
|
12.848%
|
S$0.60
|
Industrial |
| LMIR |
Q3 : Sep-09
|
1.22
|
S$0.47
|
10.383%
|
S$0.7443
|
Malls – Indonesia |
| MI-REIT |
1H10 (Proforma – Rights)
|
1.04
|
S$0.205
|
10.146%
|
S$0.31
|
Industrial |
| First REIT |
Q3 : Sep-09
|
1.90
|
S$0.765
|
9.961%
|
S$0.9267
|
Hospitals + Hotel (Indonesia) |
| Suntec |
Q3 : Sep-09
|
2.921
|
S$1.29
|
8.984%
|
S$1.946
|
Malls + Office |
| Fortune |
1H09 (Proforma – Rights)
|
12.03
|
HK$2.73
|
8.813%
|
HK$4.98
|
Malls (HK) |
| MapleTree |
Q3 : Sep-09
|
1.48
|
S$0.73
|
8.110%
|
S$0.86
|
Industrial |
| Starhill Gbl |
Q3 : Sep-09
|
0.95
|
S$0.51
|
7.392%
|
S$0.80
|
Malls + Office |
| AscottREIT |
Q3 : Sep-09
|
1.92
|
S$1.06
|
7.245%
|
S$1.32
|
Serviced Apts (Regional) |
| A-REIT |
Q2 : Sep-09
|
3.48*
|
S$1.94
|
7.067%
|
S$1.58
|
Industrial |
| CapitaRChina |
Q3 : Sep-09
|
2.02
|
S$1.17
|
6.846%
|
S$1.10
|
Malls (China) |
| FrasersCT |
Q4 : Sep-09
|
2.04
|
S$1.24
|
6.581%
|
S$1.22
|
Malls |
| CCT |
Q3 : Sep-09
|
1.85
|
S$1.15
|
6.383%
|
S$1.49
|
Office |
| PLife |
Q3 : Sep-09
|
1.91
|
S$1.21
|
6.322%
|
S$1.32
|
Hospitals |
| K-REIT |
FY08 (Proforma – Rights)
|
6.08
|
S$0.985
|
6.173%
|
S$1.49
|
Office |
| FrasersComm |
Q3 : Sep-09
|
0.2
|
S$0.135
|
5.926%
|
S$0.27
|
Malls + Office (S’pore + Aust) |
| CDL HTrust |
Q3 : Sep-09
|
2.04
|
S$1.49
|
5.430%
|
S$1.41
|
Hotels |
| CMT |
Q3 : Sep-09
|
2.35
|
S$1.72
|
5.419%
|
S$1.54
|
Malls + Office |
| Saizen |
Q3 : Sep-09
|
—
|
S$0.145
|
—
|
S$0.41
|
Residential (Japan) |
NOTES :
- Mkt Price is as on 30-Nov-09
- 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%
- 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$0.59
|
14.066%
|
$0.63
|
Shipping Trust |
|
Rickmers
|
Q3 : Sep-09
|
0.6
|
S$0.355
|
9.351%
|
$0.88
|
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3832: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
|
$0.57
|
7.368%
|
$0.43*
|
Infrastructure – Water, Gas |
|
AscendasIndT
|
1H : Sep-09
|
3.91
|
$0.895
|
8.737%
|
$0.84
|
India – Industrial Park |
|
HWT
|
2H : Dec-09 (Forecast)
|
2.86
|
$0.67
|
8.537%
|
$0.76
|
China – Water Plant |
|
Indiabulls
|
Q2 : Sep-09
|
—
|
$0.23
|
—
|
$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) ; 2H09 DPU Forecast = 2.86ct
- 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)
October 2009
NOTE : For K-REIT, Proforma data (from Rights Issue) are used for Yield computation. Please refer to “NOTES” at the bottom of the table for more info.
Results Announcement
- 13 Oct 09 – K-REIT (Tables Updated)
- 19 Oct 09 – A-REIT (Tables Updated)
- 21 Oct 09 (AM) – CCT (Tables Updated)
- 22 Oct 09 (AM) – FirstREIT (Tables Updated)
- 22 Oct 09 (AM) – CMT (Tables Updated)
- 22 Oct 09 – a-iTrust (Table Updated)
- 22 Oct 09 – MapleTree (Tables Updated)
- 22 Oct 09 – FCT (Tables Updated)
- 22 Oct 09 – PST (Table Updated)
- 23 Oct 09 (AM) – CRCT (Tables Updated)
- 23 Oct 09 (AM) – FCOT (Tables Updated)
- 23 Oct 09 (AM) – FSL (Table Updated)
- 27 Oct 09 – Suntec (Tables Updated)
- 27 Oct 09 – Cambridge (Tables Updated)
- 28 Oct 09 (AM) – ART (Tables Updated)
- 28 Oct 09 – StarHill Gbl (Tables Updated)
- 30 Oct 09 – CDL H-Trust (Tables Updated)
- 4 Nov 09 – Fortune
- 5 Nov 09 – PLife
- 11 Nov 09 (AM) – Saizen
- 12 Nov 09 – CitySpring
REITs : Average Yield = 8.014% (Excl. Saizen)
| REIT |
Period
|
DPU ct |
Price
|
Yield
|
NAV
|
Assets Type
|
| MI-REIT |
Q1 : Jun-09
|
1.51
|
S$0.415
|
14.554%
|
S$1.07
|
Industrial |
| Cambridge |
Q3 : Sep-09
|
1.344
|
S$0.465
|
11.467%
|
S$0.60
|
Industrial |
| LMIR |
Q2 : Jun-09
|
1.3
|
S$0.47
|
11.064%
|
S$0.7393
|
Malls – Indonesia |
| First REIT |
Q3 : Sep-09
|
1.90
|
S$0.705
|
10.809%
|
S$0.9267
|
Hospitals + Hotel (Indonesia) |
| Suntec |
Q3 : Sep-09
|
2.921
|
S$1.20
|
9.658%
|
S$1.946
|
Malls + Office |
| Fortune |
1H09 (Proforma – Rights)
|
12.03
|
HK$2.80
|
8.593%
|
HK$4.98
|
Malls (HK) |
| MapleTree |
Q3 : Sep-09
|
1.48
|
S$0.75
|
7.893%
|
S$0.86
|
Industrial |
| A-REIT |
Q2 : Sep-09
|
3.48*
|
S$1.86
|
7.371%
|
S$1.58
|
Industrial |
| AscottREIT |
Q3 : Sep-09
|
1.92
|
S$1.06
|
7.245%
|
S$1.32
|
Serviced Apts (Regional) |
| CapitaRChina |
Q3 : Sep-09
|
2.02
|
S$1.13
|
7.088%
|
S$1.10
|
Malls (China) |
| CCT |
Q3 : Sep-09
|
1.85
|
S$1.07
|
6.860%
|
S$1.49
|
Office |
| FrasersCT |
Q4 : Sep-09
|
2.04
|
S$1.21
|
6.744%
|
S$1.22
|
Malls |
| Starhill Gbl |
Q3 : Sep-09
|
0.95
|
S$0.58
|
6.500%
|
S$0.80
|
Malls + Office |
| PLife |
Q2 : Jun-09
|
1.89
|
S$1.23
|
6.138%
|
S$1.32
|
Hospitals |
| K-REIT |
FY08 (Proforma – Rights)
|
6.08
|
S$1.04
|
5.846%
|
S$1.49
|
Office |
| CMT |
Q3 : Sep-09
|
2.35
|
S$1.60
|
5.825%
|
S$1.54
|
Malls + Office |
| FrasersComm |
Q3 : Sep-09
|
0.2
|
S$0.145
|
5.517%
|
S$0.27
|
Malls + Office (S’pore + Aust) |
| CDL HTrust |
Q3 : Sep-09
|
2.04
|
S$1.59
|
5.088%
|
S$1.41
|
Hotels |
| Saizen |
2H : Jun-09
|
—
|
S$0.145
|
—
|
S$0.40
|
Residential (Japan) |
NOTES :
- Mkt Price is as on 30-Oct-09
- 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 : Proposed 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%
- PLife : Annualised DPU = 7.55ct
- 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$0.265 |
12.347%
|
$0.40
|
Shipping Trust |
|
FSL Trust
|
Q3 : Sep-09
|
1.50
|
S$0.60
|
13.964%
|
$0.63
|
Shipping Trust |
|
Rickmers
|
Q2 : Jun-09
|
0.6
|
S$0.37
|
9.058%
|
$0.87
|
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3997:US$1 fm Yahoo Finance)
- FSL : Q309 DPU = US1.5ct (50% Payout) ; US1.27ct (Stub Distribution) Already Paid Out ; Balance US0.23ct
- PST : 70% Payout
- Rickmers : 13% Payout
- FSL : SGX Annc (21-Jul-09) Quarterly DPU Forecast – Q309 US1.5ct (50% Payout)
Other Trusts (non-REITs)
|
Trust
|
Period
|
DPU ct |
Price
|
Yield
|
NAV
|
Assets Type
|
|
CitySpring
|
Q1 : Jun-09 (Proforma – Rights)
|
1.0
|
$0.575
|
6.957%
|
$0.43*
|
Infrastructure – Water, Gas |
|
AscendasIndT
|
1H : Sep-09
|
3.91
|
$0.93
|
8.409%
|
$0.84
|
India – Industrial Park |
|
HWT
|
1H : Jun-09
|
2.56
|
$0.675
|
7.585%
|
$0.80
|
China – Water Plant |
|
Indiabulls
|
Q1 : Jun-09
|
—
|
$0.265
|
—
|
$0.7461
|
India – Office |
NOTES :
- 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
- CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.61
- Indiabulls : No DPU Declared
- CitySpring : DPU Forecast – FY10 (Mar) = 7ct
- 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)
September 2009
NOTE : For Fortune, Proforma data (from Rights Issue) are used for Yield computation. Please refer to “NOTES” at the bottom of the table for more info.
REITs : Average Yield = 8.428% (Excl. Saizen)
| REIT |
Period
|
DPU ct |
Price
|
Yield
|
NAV
|
Assets Type
|
| MI-REIT |
Q1 : Jun-09
|
1.51
|
S$0.38
|
15.895%
|
S$1.07
|
Industrial |
| Cambridge |
Q2 : Jun-09
|
1.345
|
S$0.455
|
11.857%
|
S$0.62
|
Industrial |
| First REIT |
Q2 : Jun-09
|
1.92
|
S$0.67
|
11.433%
|
S$0.9282
|
Hospitals + Hotel (Indonesia) |
| LMIR |
Q2 : Jun-09
|
1.3
|
S$0.46
|
11.304%
|
S$0.7393
|
Malls – Indonesia |
| Suntec |
Q2 : Jun-09
|
2.977
|
S$1.06
|
11.265%
|
S$1.956
|
Malls + Office |
| Fortune |
1H09 (Proforma – Rights)
|
12.03
|
HK$2.58
|
9.326%
|
HK$4.98
|
Malls (HK) |
| K-REIT |
1H : Jun-09
|
4.99
|
S$1.18
|
8.542%
|
S$2.17
|
Office |
| MapleTree |
Q2 : Jun-09
|
1.48
|
S$0.77
|
7.688%
|
S$0.89
|
Industrial |
| A-REIT |
Q1 : Jun-09
|
3.62
|
S$1.93
|
7.503%
|
S$1.58
|
Industrial |
| AscottREIT |
1H : Jun-09
|
3.55
|
S$0.965
|
7.358%
|
S$1.36
|
Serviced Apts (Regional) |
| FrasersCT |
Q3 : Jun-09
|
1.94
|
S$1.15
|
6.748%
|
S$1.23
|
Malls |
| CapitaRChina |
1H : Jun-09
|
4.08
|
S$1.22
|
6.746%
|
S$1.12
|
Malls (China) |
| FrasersComm |
Q1 : Mar09 (Proforma – Rights)
|
1.06
|
S$0.16
|
6.625%
|
S$0.26
|
Malls + Office (S’pore + Aust) |
| PLife |
Q2 : Jun-09
|
1.89
|
S$1.16
|
6.509%
|
S$1.32
|
Hospitals |
| CCT |
1H : Jun-09
|
3.33
|
S$1.04
|
6.462%
|
S$1.50
|
Office |
| Starhill Gbl |
FY08 (Proforma – Rights)
|
3.85
|
S$0.60
|
6.417%
|
S$0.802
|
Malls + Office |
| CDL HTrust |
1H : Jun-09
|
3.86
|
S$1.44
|
5.403%
|
S$1.42
|
Hotels |
| CMT |
Q2 : Jun-09
|
2.13
|
S$1.85
|
4.616%
|
S$1.56
|
Malls + Office |
| Saizen |
2H : Jun-09
|
—
|
S$0.145
|
—
|
S$0.40
|
Residential (Japan) |
NOTES :
- Mkt Price is as on 30-Sep-09
- 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 ; 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%
- PLife : Annualised DPU = 7.55ct
- CDLHTrust : Annualised DPU = 7.78ct
- Suntec : Annualised DPU = 11.941ct
- StarHill Gbl : Annualised DPU = 7.62ct
- FrasersComm : Annualised DPU = 2.9ct
- CMT : Annualised DPU = 8.54ct
- Cambridge : Annualised DPU = 5.395ct
- CRCT : Annualised DPU = 8.23ct
- FirstREIT : Annualised DPU 7.66ct
- CCT : Annualised DPU = 6.72ct ; Q209 DPU 1.71ct (Annualised 6.86ct)
- KREIT : Annualised DPU = 10.08ct
- FCOT : 3-for-1 Rights @ $0.095 (xr 27-Jul-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% 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) ;
- 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)
- CCT : FY09 DPU (Projected) = 12.34ct – SGX Annc 9-Jun-08 (Pg 23)
- 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% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
- PLife : IPO Forecast – 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct
Shipping Trusts (non-REITs)
|
Trust
|
Period
|
DPU ct |
Price
|
Yield
|
NAV
|
Assets Type
|
|
PacShipTr US$
|
Q2 : Jun-09
|
0.99
|
US$0.265 |
14.943%
|
$0.39
|
Shipping Trust |
|
FSL Trust
|
Q3 : Sep-09 (Guidance)
|
1.50
|
S$0.605
|
13.962%
|
$0.71
|
Shipping Trust |
|
Rickmers
|
Q2 : Jun-09
|
0.6
|
S$0.38
|
8.891%
|
$0.87
|
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4078:US$1 fm Yahoo Finance)
- Rickmers : 13% Payout
- FSL : SGX Annc (21-Jul-09) Quarterly DPU Forecast – Q309 US1.5ct (50% Payout)
- FSL : Q209 DPU = US2.45ct ; Annualised DPU 9.8ct (73% Payout)
- PST : 90% Payout
Other Trusts (non-REITs)
|
Trust
|
Period
|
DPU ct |
Price
|
Yield
|
NAV
|
Assets Type
|
|
CitySpring
|
Q1 : Jun-09 (Proforma – Rights)
|
1.0
|
$0.575
|
6.957%
|
$0.43*
|
Infrastructure – Water, Gas |
|
AscendasIndT
|
Q1 : Jun-09
|
2.06
|
$0.87
|
9.471%
|
$0.86
|
India – Industrial Park |
|
HWT
|
1H : Jun-09
|
2.56
|
$0.69
|
7.420%
|
$0.80
|
China – Water Plant |
|
Indiabulls
|
Q1 : Jun-09
|
—
|
$0.37
|
—
|
$0.7461
|
India – Office |
NOTES :
- 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
- CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.61
- a-iTrust : DPU Not Paid Out as Semi-Annual Div Payout Policy
- Indiabulls : No DPU Declared
- CitySpring : DPU Forecast – FY10 (Mar) = 7ct
- 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)
August 2009
NOTE : For CitySpring, StarHill Global and FCOT, Proforma data (from Rights Issue) are used for Yield computation. Please refer to “NOTES” at the bottom of their tables for more info.
Results Announcement
- 3 Aug 09 : LMIR (Tables Updated)
- 6 Aug 09 : PLife (Tables Updated)
- 7 Aug 09 : MI-REIT (Tables Updated)
- 11 Aug 09 : CitySpring (Table Updated)
- 12 Aug 09 (noon) : HWT (Table Updated)
- 14 Aug 09 : Rickmers (Table Updated)
- 14 Aug 09 : IndiaBulls (Table Updated)
- 27 Aug 09 (AM) : Saizen (Tables Updated)
- 27 Aug 09 : A-REIT – Advance DPU 1.94ct (1-Jul-09 to 19-Aug-09)
REITs : Average Yield = 8.995% (Excl. Saizen)
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|
MI-REIT |
Q1 : Jun-09 |
1.51 |
S$0.37 |
16.324% |
S$1.07 |
Industrial |
|
Cambridge |
Q2 : Jun-09 |
1.345 |
S$0.43 |
12.547% |
S$0.62 |
Industrial |
|
Suntec |
Q2 : Jun-09 |
2.977 |
S$1.00 |
11.941% |
S$1.956 |
Malls + Office |
|
First REIT |
Q2 : Jun-09 |
1.92 |
S$0.69 |
11.101% |
S$0.9282 |
Hospitals + Hotel (Indonesia) |
|
LMIR |
Q2 : Jun-09 |
1.3 |
S$0.48 |
10.833% |
S$0.7393 |
Malls – Indonesia |
|
Fortune |
1H : Jun-09 |
19.60 |
HK$3.72 |
10.538% |
HK$7.89 |
Malls (HK) |
|
K-REIT |
1H : Jun-09 |
4.99 |
S$1.08 |
9.333% |
S$2.17 |
Office |
|
MapleTree |
Q2 : Jun-09 |
1.48 |
S$0.66 |
8.970% |
S$0.89 |
Industrial |
|
A-REIT |
Q1 : Jun-09 |
3.62 |
S$1.65 |
8.776% |
S$1.58 |
Industrial |
|
AscottREIT |
1H : Jun-09 |
3.55 |
S$0.87 |
8.161% |
S$1.36 |
Serviced Apts (Regional) |
|
FrasersCT |
Q3 : Jun-09 |
1.94 |
S$1.01 |
7.683% |
S$1.23 |
Malls |
|
CCT |
1H : Jun-09 |
3.33 |
S$0.89 |
7.551% |
S$1.50 |
Office |
|
PLife |
Q2 : Jun-09 |
1.89 |
S$1.06 |
7.123% |
S$1.32 |
Hospitals |
|
Starhill Gbl |
FY08 (Proforma – Rights) |
3.85 |
S$0.545 |
7.064% |
S$0.802 |
Malls + Office |
|
FrasersComm |
Q1 : Mar09 (Proforma – Rights) |
1.06 |
S$0.16 |
6.625% |
S$0.26 |
Malls + Office (S’pore + Aust) |
|
CapitaRChina |
1H : Jun-09 |
4.08 |
S$1.25 |
6.584% |
S$1.12 |
Malls (China) |
|
CDL HTrust |
1H : Jun-09 |
3.86 |
S$1.41 |
5.518% |
S$1.42 |
Hotels |
|
CMT |
Q2 : Jun-09 |
2.13 |
S$1.63 |
5.239% |
S$1.56 |
Malls + Office |
|
Saizen |
2H : Jun-09 |
— |
S$0.155 |
— |
S$0.40 |
Residential (Japan) |
NOTES :
- Mkt Price is as on 31-Aug-09
- 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 ; 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%
- PLife : Annualised DPU = 7.55ct
- CDLHTrust : Annualised DPU = 7.78ct
- Suntec : Annualised DPU = 11.941ct
- StarHill Gbl : Annualised DPU = 7.62ct
- FrasersComm : Annualised DPU = 2.9ct
- CMT : Annualised DPU = 8.54ct
- Cambridge : Annualised DPU = 5.395ct
- CRCT : Annualised DPU = 8.23ct
- FirstREIT : Annualised DPU 7.66ct
- CCT : Annualised DPU = 6.72ct ; Q209 DPU 1.71ct (Annualised 6.86ct)
- KREIT : Annualised DPU = 10.08ct
- 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)
- CCT : FY09 DPU (Projected) = 12.34ct – SGX Annc 9-Jun-08 (Pg 23)
- 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% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
- PLife : IPO Forecast – 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|
PacShipTr US$ |
Q2 : Jun-09 |
0.99 |
US$0.255 |
15.529% |
$0.39 |
Shipping Trust |
|
FSL Trust |
Q3 : Sep-09 (Guidance) |
1.50 |
S$0.61 |
14.190% |
$0.71 |
Shipping Trust |
|
Rickmers |
Q2 : Jun-09 |
0.6 |
S$0.415 |
8.343% |
$0.87 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4427:US$1 fm Yahoo Finance)
- Rickmers : 13% Payout
- FSL : SGX Annc (21-Jul-09) Quarterly DPU Forecast – Q309 US1.5ct (50% Payout)
- FSL : Q209 DPU = US2.45ct ; Annualised DPU 9.8ct (73% Payout)
- PST : 90% Payout
Other Trusts (non-REITs)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|
CitySpring |
Q1 : Jun-09 (Proforma – Rights) |
1.0 |
$0.61 |
6.557% |
$0.43* |
Infrastructure – Water, Gas |
|
AscendasIndT |
Q1 : Jun-09 |
2.06 |
$0.835 |
9.868% |
$0.86 |
India – Industrial Park |
|
HWT |
1H : Jun-09 |
2.56 |
$0.695 |
7.367% |
$0.80 |
China – Water Plant |
|
Indiabulls |
Q1 : Jun-09 |
— |
$0.305 |
— |
$0.7461 |
India – Office |
NOTES :
- CitySpring : Proposed 1-for-1 Rights @ $0.48 (xr 25-Aug-09) ; DPU = 1ct (Proforma Q109) ; Yield 6.349% % TERP $0.63 (Mkt $0.78)
- HWT : DPU = 2.56ct (With Sponsor Waiver) ; Sponsor DPU = 1.77ct
- CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.61
- a-iTrust : DPU Not Paid Out as Semi-Annual Div Payout Policy
- Indiabulls : No DPU Declared
- CitySpring : DPU Forecast – FY10 (Mar) = 7ct
- 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)
August 2009
NOTE : For CitySpring, StarHill Global and FCOT, please refer to “NOTES” at the bottom of their tables on the impact to DPU and Yield due to their rights issues.
Results Announcement
- 3 Aug 09 : LMIR (Tables Updated)
- 6 Aug 09 : PLife (Tables Updated)
- 7 Aug 09 : MI-REIT (Tables Updated)
- 11 Aug 09 : CitySpring (Table Updated)
- 12 Aug 09 (noon) : HWT (Table Updated)
- 14 Aug 09 : Rickmers (Table Updated)
- 14 Aug 09 : IndiaBulls (Table Updated)
- 27 Aug 09 (AM) : Saizen (Tables Updated)
- 27 Aug 09 : A-REIT – Advance DPU 1.94ct (1-Jul-09 to 19-Aug-09)
REITs : Average Yield = 10.018% (Excl. Saizen)
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|
FrasersComm |
1H : Jun-09 |
1.44 |
S$0.16 |
18.125% |
S$0.82 |
Malls + Office (S’pore + Aust) |
|
MI-REIT |
Q1 : Jun-09 |
1.51 |
S$0.37 |
16.324% |
S$1.07 |
Industrial |
|
Starhill Gbl |
Q2 : Jun-09 |
1.90 |
S$0.545 |
13.982% |
S$1.28 |
Malls + Office |
|
Cambridge |
Q2 : Jun-09 |
1.345 |
S$0.43 |
12.547% |
S$0.62 |
Industrial |
|
Suntec |
Q2 : Jun-09 |
2.977 |
S$1.00 |
11.941% |
S$1.956 |
Malls + Office |
|
First REIT |
Q2 : Jun-09 |
1.92 |
S$0.69 |
11.101% |
S$0.9282 |
Hospitals + Hotel (Indonesia) |
|
LMIR |
Q2 : Jun-09 |
1.3 |
S$0.48 |
10.833% |
S$0.7393 |
Malls – Indonesia |
|
Fortune |
1H : Jun-09 |
19.60 |
HK$3.72 |
10.538% |
HK$7.89 |
Malls (HK) |
|
K-REIT |
1H : Jun-09 |
4.99 |
S$1.08 |
9.333% |
S$2.17 |
Office |
|
MapleTree |
Q2 : Jun-09 |
1.48 |
S$0.66 |
8.970% |
S$0.89 |
Industrial |
|
A-REIT |
Q1 : Jun-09 |
3.62 |
S$1.65 |
8.776% |
S$1.58 |
Industrial |
|
AscottREIT |
1H : Jun-09 |
3.55 |
S$0.87 |
8.161% |
S$1.36 |
Serviced Apts (Regional) |
|
FrasersCT |
Q3 : Jun-09 |
1.94 |
S$1.01 |
7.683% |
S$1.23 |
Malls |
|
CCT |
1H : Jun-09 |
3.33 |
S$0.89 |
7.551% |
S$1.50 |
Office |
|
PLife |
Q2 : Jun-09 |
1.89 |
S$1.06 |
7.123% |
S$1.32 |
Hospitals |
|
CapitaRChina |
1H : Jun-09 |
4.08 |
S$1.25 |
6.584% |
S$1.12 |
Malls (China) |
|
CDL HTrust |
1H : Jun-09 |
3.86 |
S$1.41 |
5.518% |
S$1.42 |
Hotels |
|
CMT |
Q2 : Jun-09 |
2.13 |
S$1.63 |
5.239% |
S$1.56 |
Malls + Office |
|
Saizen |
2H : Jun-09 |
— |
S$0.155 |
— |
S$0.40 |
Residential (Japan) |
NOTES :
- Mkt Price is as on 31-Aug-09
- 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 ; 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%
- PLife : Annualised DPU = 7.55ct
- CDLHTrust : Annualised DPU = 7.78ct
- Suntec : Annualised DPU = 11.941ct
- StarHill Gbl : Annualised DPU = 7.62ct
- FrasersComm : Annualised DPU = 2.9ct
- CMT : Annualised DPU = 8.54ct
- Cambridge : Annualised DPU = 5.395ct
- CRCT : Annualised DPU = 8.23ct
- FirstREIT : Annualised DPU 7.66ct
- CCT : Annualised DPU = 6.72ct ; Q209 DPU 1.71ct (Annualised 6.86ct)
- KREIT : Annualised DPU = 10.08ct
- 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)
- CCT : FY09 DPU (Projected) = 12.34ct – SGX Annc 9-Jun-08 (Pg 23)
- 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% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
- PLife : IPO Forecast – 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|
PacShipTr US$ |
Q2 : Jun-09 |
0.99 |
US$0.255 |
15.529% |
$0.39 |
Shipping Trust |
|
FSL Trust |
Q3 : Sep-09 (Guidance) |
1.50 |
S$0.61 |
14.190% |
$0.71 |
Shipping Trust |
|
Rickmers |
Q2 : Jun-09 |
0.6 |
S$0.415 |
8.343% |
$0.87 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4427:US$1 fm Yahoo Finance)
- Rickmers : 13% Payout
- FSL : SGX Annc (21-Jul-09) Quarterly DPU Forecast – Q309 US1.5ct (50% Payout)
- FSL : Q209 DPU = US2.45ct ; Annualised DPU 9.8ct (73% Payout)
- PST : 90% Payout
Other Trusts (non-REITs)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|
CitySpring |
Q1 : Jun-09 |
1.75 |
$0.61 |
11.475% |
$0.43* |
Infrastructure – Water, Gas |
|
AscendasIndT |
Q1 : Jun-09 |
2.06 |
$0.835 |
9.868% |
$0.86 |
India – Industrial Park |
|
HWT |
1H : Jun-09 |
2.56 |
$0.695 |
7.367% |
$0.80 |
China – Water Plant |
|
Indiabulls |
Q1 : Jun-09 |
— |
$0.305 |
— |
$0.7461 |
India – Office |
NOTES :
- CitySpring : Proposed 1-for-1 Rights @ $0.48 (xr 25-Aug-09) ; DPU = 1ct (Proforma Q109) ; Yield 6.349% % TERP $0.63 (Mkt $0.78)
- HWT : DPU = 2.56ct (With Sponsor Waiver) ; Sponsor DPU = 1.77ct
- CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.61
- a-iTrust : DPU Not Paid Out as Semi-Annual Div Payout Policy
- Indiabulls : No DPU Declared
- CitySpring : DPU Forecast – FY10 (Mar) = 7ct
- 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)