Category: Yield

 

July 2009

NOTE : For StarHill Global and FCOT, please refer to “NOTES” at the bottom of the table on the impact to DPU and Yield due to their rights issues.

 

Results Announcement

  • 17 Jul 09 : AREIT (Tables Updated)
  • 20 Jul 09 : K-REIT (Tables Updated)
  • 21 Jul 09 (AM) : FSL (Table Updated)Q309 Guidance DPU US1.5ct (50% Payout)
  • 22 Jul 09 (AM) : CCT (Tables Updated)
  • 23 Jul 09 (AM) : FirstREIT (Tables Updated)
  • 23 Jul 09 (AM) : ART (Tables Updated)
  • 23 Jul 09 (AM) : CRCT (Tables Updated)
  • 23 Jul 09 : PST (Table Updated)
  • 23 Jul 09 : Cambridge (Tables Updated)
  • 23 Jul 09 : MapleTree (Tables Updated)
  • 23 Jul 09 : FCT (Tables Updated)
  • 24 Jul 09 (AM) : CMT (Tables Updated)
  • 28 Jul 09 : Fortune (Tables Updated)
  • 29 Jul 09 (Noon) : FCOT (Tables Updated)
  • 29 Jul 09 : StarHill Gbl (Tables Updated)
  • 30 Jul 09 : Suntec (Tables Updated)
  • 30 Jul 09 : a-iTrust (Table Updated)
  • 30 Jul 09 : CDL HTrust (Tables Updated)
  • 6 Aug 09 : PLife
  • 11 Aug 09 : CitySpring

 

Average Yield = 11.407% / 10.078% (Excl. Saizen)

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

Saizen

FY08 – IPO

5.30

S$0.15

35.333%

S$0.85

Residential (Japan)

MI-REIT

Q4 : Mar-09

1.875

S$0.40

18.750%

S$1.09

Industrial

FrasersComm

1H : Jun-09

1.44

S$0.19

15.263%

S$0.82

Malls + Office (S’pore + Aust)

Starhill Gbl

Q2 : Jun-09

1.90

S$0.545

13.982%

S$1.28

Malls + Office

Cambridge

Q2 : Jun-09

1.345

S$0.42

12.845%

S$0.62

Industrial

LMIR

Q1 : Mar-09

1.36

S$0.43

12.651%

S$0.7273

Malls – Indonesia

First REIT

Q2 : Jun-09

1.92

S$0.695

11.022%

S$0.9282

Hospitals + Hotel (Indonesia)

Suntec

Q2 : Jun-09

2.977

S$1.09

10.955%

S$1.956

Malls + Office

MapleTree

Q2 : Jun-09

1.48

S$0.595

9.950%

S$0.89

Industrial

Fortune

1H : Jun-09

19.60

HK$4.16

9.423%

HK$7.89

Malls (HK)

K-REIT

1H : Jun-09

4.99

S$1.07

9.421%

S$2.17

Office

A-REIT

Q1 : Jun-09

3.62

S$1.70

8.518%

S$1.58

Industrial

AscottREIT

1H : Jun-09

3.55

S$0.88

8.068%

S$1.36

Serviced Apts (Regional)

CCT

1H : Jun-09

3.33

S$0.855

7.860%

S$1.50

Office

FrasersCT

Q3 : Jun-09

1.94

S$1.03

7.534%

S$1.23

Malls

PLife

Q1 : Mar-09

1.89

S$1.02

7.412%

S$1.32

Hospitals

CDL HTrust

1H : Jun-09

3.86

S$1.21

6.430%

S$1.42

Hotels

CapitaRChina

1H : Jun-09

4.08

S$1.39

5.921%

S$1.12

Malls (China)

CMT

Q2 : Jun-09

2.13

S$1.58

5.405%

S$1.56

Malls + Office

NOTES :

 

 

Shipping Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

PacShipTr US$

Q2 : Jun-09

0.99

US$0.25

15.840%

$0.39

Shipping Trust

FSL Trust

Q3 : Sep-09 (Guidance)

1.50

S$0.615

14.066%

$0.71

Shipping Trust

Rickmers

Q1 : Mar-09

2.14

S$0.585

21.097%

$0.84

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4418:US$1 fm Yahoo Finance)
  • 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)
  • Rickmers : 46% Payout
  • PST : 90% Payout

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q4 : Mar-09

1.75

$0.74

9.459%

$0.28*

Infrastructure – Water, Gas

AscendasIndT

Q1 : Jun-09

2.06

$0.85

9.694%

$0.86

India – Industrial Park

HWT

Q1 : Mar-09

1.15

$0.675

6.815%

$0.841

China – Water Plant

Indiabulls

FY09 : Mar-09

$0.28

$0.7377

India – Office

NOTES :

  • a-iTrust : DPU Not Paid Out as Semi-Annual Div Payout PolicyIndiabulls : No DPU Declared
  • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.58
  • CitySpring : DPU Forecast – FY10 (Mar) = 7ct
  • HWT : DPU – Without Sponsor Waiver ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • 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)

June 2009

Average Yield = 13.154% / 11.619% (Excl. Saizen)

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

Saizen

FY08 – IPO

5.30

S$0.13

40.769%

S$0.85

Residential (Japan)

MI-REIT

Q4 : Mar-09

1.875

S$0.33

22.727%

S$1.09

Industrial

CCT

Q1 : Mar-09

3.24

S$0.82

16.024%

S$2.91

Office

LMIR

Q1 : Mar-09

1.36

S$0.355

15.324%

S$0.7273

Malls – Indonesia

Cambridge

Q1 : Mar-09

1.291

S$0.35

14.960%

S$0.73

Industrial

Suntec

Q2 : Mar-09

2.918

S$0.86

13.760%

S$1.972

Malls + Office

FrasersComm

Q1 : Mar-09

0.72

S$0.24

12.167%

S$0.79

Malls + Office (S’pore and Aust)

First REIT

Q1 : Mar-09

1.88

S$0.63

12.095%

S$0.9297

Hospitals + Hotel (Indonesia)

Starhill Gbl

Q1 : Mar-09

1.87

S$0.635

11.937%

S$1.41

Malls + Office

Fortune

Q1 : Mar-09

10.06

HK$3.74

10.759%

HK$7.47

Malls (HK)

MapleTree

Q1 : Mar-09

1.47

S$0.555

10.595%

S$0.88

Industrial

AscottREIT

Q1 : Mar-09

1.77

S$0.68

10.559%

S$1.51

Serviced Apts (Regional)

K-REIT

Q1 : Mar-09

2.38

S$0.975

9.897%

S$2.20

Office

CDL HTrust

Q1 : Mar-09

1.97

S$0.83

9.627%

S$1.39

Hotels

FrasersCT

Q2 : Mar-09

1.86

S$0.865

8.601%

S$1.23

Malls

PLife

Q1 : Mar-09

1.89

S$0.925

8.173%

S$1.32

Hospitals

A-REIT

Q4 : Mar-09

3.23

S$1.59

8.126%

S$1.58

Industrial

CapitaRChina

Q1 : Mar-09

2.14

S$1.07

8.112%

S$1.22

Malls (China)

CMT

Q1 : Mar-09

1.97

S$1.40

5.707%

S$1.65

Malls + Office

NOTES :

  • Mkt Price is as on 30-Jun-09
  • FCOT : Proposed 3-for-1 Rights @ $0.095
  • StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 24-Jul-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)
  • Saizen : No Payout since 1H09 (Dec-08) ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
  • PLife : Annualised DPU = 7.56ct
  • Fortune : DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CDLHTrust : Annualised DPU = 7.99ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • FrasersComm : Annualised DPU = 2.92ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CCT : Annualised DPU = 13.14ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • Suntec : Annualised DPU = 11.834ct
  • StarHill Gbl : Annualised DPU = 7.58ct
  • Cambridge : Annualised DPU = 5.236ct
  • LMIR : Annualised DPU = 5.44ct
  • FrasersCT : 95% Payout
  • FirstREIT – Annualised DPU 7.62ct
  • ART – Annualised DPU = 7.18ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • KREIT : Annualised DPU = 9.65ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CRCT : Annualised DPU = 8.68ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • AREIT : DPU = 2.5ct (21-Jan-09 to 31-Mar-09) + 0.73ct (1-Jan-09 to 20-Jan-09) Already Paid ; Performance Fees in Cash (Not in New Units) Else DPU = 3.8ct ; Preferential Offer 1-for-15 @ $1.16 + Private Placement (258M New Units) Right for DPU from 21-Jan-09 – Listed on 13-Feb-09
  • CMT : Annualised DPU = 7.99ct ; NAV and DPU are Post-Rights Issue (9-for-10 @ $0.82) Right for Q1 DPU – Listed on 3-Apr-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$

Q1 : Mar-09

0.98

US$0.235

16.681%

$0.38

Shipping Trust

FSL Trust

Q1 : Mar-09

2.45

S$0.61

23.244%

$0.73

Shipping Trust

Rickmers

Q1 : Mar-09

2.14

S$0.525

23.590%

$0.84

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4468:US$1 fm Yahoo Finance)
  • Rickmers : 46% Payout
  • PST : 90% Payout
  • FSL : Annualised DPU 9.8ct (73% Payout)
  • FSL : SGX Annc (21-Apr-09) Quarterly DPU Forecast – Q209 US2.45ct (75% Payout)

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q4 : Mar-09

1.75

$0.655

10.687%

$0.28*

Infrastructure – Water, Gas

AscendasIndT

2H : Mar-09

4.07

$0.69

11.797%

$0.89

India – Industrial Park

HWT

Q1 : Mar-09

1.15

$0.53

8.679%

$0.841

China – Water Plant

Indiabulls

FY09 : Mar-09

$0.265

$0.7377

India – Office

NOTES :

  • Indiabulls : No DPU Declared
  • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.58
  • CitySpring : DPU Forecast – FY10 (Mar) = 7ct
  • HWT : DPU – Without Sponsor Waiver ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • 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)

May 2009

Results Announcement

  • 6 May 09 (Noon) – HWT (Table Updated)
  • 6 May 09 – Fortune (Tables Updated)
  • 7 May 09 – PLife (Tables Updated)
  • 14 May 09 – Saizen (Tables Updated)
  • 22 May 09 – MI-REIT (Tables Updated)
  • 25 May 09 – CitySpring (Table Updated)
  • 30 May 09 – Indiabulls (Table Updated)

Average Yield = 12.537% / 11.130% (Excl. Saizen)

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

Saizen

FY08 – IPO

5.30

S$0.14

37.857%

S$0.85

Residential (Japan)

MI-REIT

Q4 : Mar-09

1.875

S$0.38

19.737%

S$1.09

Industrial

LMIR

Q1 : Mar-09

1.36

S$0.33

16.485%

S$0.7273

Malls – Indonesia

Cambridge

Q1 : Mar-09

1.291

S$0.365

14.345%

S$0.73

Industrial

First REIT

Q1 : Mar-09

1.88

S$0.605

12.595%

S$0.9297

Hospitals + Hotel (Indonesia)

Suntec

Q2 : Mar-09

2.918

S$0.95

12.457%

S$1.972

Malls + Office

FrasersComm

Q1 : Mar-09

0.72

S$0.24

12.167%

S$0.79

Malls + Office (S’pore and Aust)

CCT

Q1 : Mar-09

3.24

S$1.13

11.628%

S$2.91

Office

Fortune

Q1 : Mar-09

10.06

HK$3.63

11.085%

HK$7.47

Malls (HK)

AscottREIT

Q1 : Mar-09

1.77

S$0.665

10.797%

S$1.51

Serviced Apts (Regional)

Starhill Gbl

Q1 : Mar-09

1.87

S$0.705

10.752%

S$1.41

Malls + Office

K-REIT

Q1 : Mar-09

2.38

S$0.93

10.376%

S$2.20

Office

CDL HTrust

Q1 : Mar-09

1.97

S$0.79

10.114%

S$1.39

Hotels

MapleTree

Q1 : Mar-09

1.47

S$0.605

9.719%

S$0.88

Industrial

A-REIT

Q4 : Mar-09

3.23

S$1.52

8.500%

S$1.58

Industrial

FrasersCT

Q2 : Mar-09

1.86

S$0.91

8.176%

S$1.23

Malls

PLife

Q1 : Mar-09

1.89

S$0.94

8.043%

S$1.32

Hospitals

CapitaRChina

Q1 : Mar-09

2.14

S$1.18

7.356%

S$1.22

Malls (China)

CMT

Q1 : Mar-09

1.97

S$1.33

6.008%

S$1.65

Malls + Office

NOTES :

  • Mkt Price is as on 29-May-09
  • Saizen : No Payout since 1H09 (Dec-08) ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
  • PLife : Annualised DPU = 7.56ct
  • Fortune : DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CDLHTrust : Annualised DPU = 7.99ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • FrasersComm : Annualised DPU = 2.92ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CCT : Annualised DPU = 13.14ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • Suntec : Annualised DPU = 11.834ct
  • StarHill Gbl : Annualised DPU = 7.58ct
  • Cambridge : Annualised DPU = 5.236ct
  • LMIR : Annualised DPU = 5.44ct
  • FrasersCT : 95% Payout
  • FirstREIT – Annualised DPU 7.62ct
  • ART – Annualised DPU = 7.18ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • KREIT : Annualised DPU = 9.65ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CRCT : Annualised DPU = 8.68ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • AREIT : DPU = 2.5ct (21-Jan-09 to 31-Mar-09) + 0.73ct (1-Jan-09 to 20-Jan-09) Already Paid ; Performance Fees in Cash (Not in New Units) Else DPU = 3.8ct ; Preferential Offer 1-for-15 @ $1.16 + Private Placement (258M New Units) Right for DPU from 21-Jan-09 – Listed on 13-Feb-09
  • CMT : Annualised DPU = 7.99ct ; NAV and DPU are Post-Rights Issue (9-for-10 @ $0.82) Right for Q1 DPU – Listed on 3-Apr-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$

Q1 : Mar-09

0.98

US$0.225

17.422%

$0.38

Shipping Trust

FSL Trust

Q1 : Mar-09

2.45

S$0.585

24.217%

$0.73

Shipping Trust

Rickmers

Q1 : Mar-09

2.14

S$0.58

21.335%

$0.84

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4456:US$1 fm Yahoo Finance)
  • Rickmers : 46% Payout
  • PST : 90% Payout
  • FSL : Annualised DPU 9.8ct (73% Payout)
  • FSL : SGX Annc (21-Apr-09) Quarterly DPU Forecast – Q209 US2.45ct (75% Payout)

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q4 : Mar-09

1.75

$0.635

11.024%

$0.28*

Infrastructure – Water, Gas

AscendasIndT

2H : Mar-09

4.07

$0.70

11.629%

$0.89

India – Industrial Park

HWT

Q1 : Mar-09

1.15

$0.48

9.583%

$0.841

China – Water Plant

Indiabulls

FY09 : Mar-09

$0.31

$0.7377

India – Office

NOTES :

  • Indiabulls : No DPU Declared
  • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.58
  • CitySpring : DPU Forecast – FY10 (Mar) = 7ct
  • HWT : DPU – Without Sponsor Waiver ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • 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)

April 2009

Results Announcement

  • 17 Apr 09 (AM) – CMT (Tables Updated)
  • 17 Apr 09 – A-Reit (Tables Updated)
  • 17 Apr 09 – CRCT (Tables Updated)
  • 21 Apr 09 (AM) – FSL (Table Updated)
  • 21 Apr 09 – KREIT (Tables Updated)
  • 22 Apr 09 (AM) – ART (Tables Updated)
  • 22 Apr 09 – PST (Table Updated)
  • 23 Apr 09 (AM) – FirstREIT (Tables Updated)
  • 23 Apr 09 – FrasersCT (Tables Updated)
  • 23 Aor 09 – Mapletree (Tables Updated)
  • 24 Apr 09 (Noon) – Rickmers (Table Updated)
  • 24 Apr 09 – LMIR (Tables Updated)
  • 24 Apr 09 – Cambridge (Tables Updated)
  • 27 Apr 09 – StarHill Gbl (Tables Updated)
  • 28 Apr 09 – a-iTrust (Table Updated)
  • 28 Apr 09 – Suntec (Tables Updated)
  • 30 Apr 09 (AM) – CCT (Tables Updated)
  • 30 Apr 09 – FCOT (Tables Updated)
  • 30 Apr 09 – CDLHTrust (Tables Updated)
  • 6 May 09 – Fortune
  • 7 May 09 – PLife

Average Yield = 15.370% / 13.506% (Excl. Saizen & MI-REIT)

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

MI-REIT

Q3 : Dec-08

2.35

S$0.285

32.982%

S$1.27

Industrial

Saizen

FY08 – IPO

5.30

S$0.18

29.444%

S$1.04

Residential (Japan)

LMIR

Q1 : Mar-09

1.36

S$0.29

18.759%

S$0.7273

Malls – Indonesia

Cambridge

Q1 : Mar-09

1.291

S$0.295

17.749%

S$0.73

Industrial

FrasersComm

Q1 : Mar-09

0.72

S$0.17

17.176%

S$0.79

Malls + Office (S’pore and Aust)

Suntec

Q2: Mar-09

2.918

S$0.735

16.101%

S$1.972

Malls + Office

Starhill Gbl

Q1 : Mar-09

1.87

S$0.48

15.792%

S$1.41

Malls + Office

CCT

Q1 : Mar-09

3.24

S$0.855

15.368%

S$2.91

Office

K-REIT

Q1 : Mar-09

2.38

S$0.67

14.403%

S$2.20

Office

AscottREIT

Q1 : Mar-09

1.77

S$0.50

14.360%

S$1.51

Serviced Apts (Regional)

CDL HTrust

Q1 : Mar-09

1.97

S$0.58

13.776%

S$1.39

Hotels

MapleTree

Q1 : Mar-09

1.47

S$0.43

13.674%

S$0.88

Industrial

First REIT

Q1 : Mar-09

1.88

S$0.565

13.487%

S$0.9297

Hospitals + Hotel (Indonesia)

Fortune

2H : Dec-08

18.51

HK$3.00

12.340%

HK$7.58

Malls (HK)

CapitaRChina

Q1 : Mar-09

2.14

S$0.80

10.850%

S$1.22

Malls (China)

FrasersCT

Q2 : Mar-09

1.86

S$0.74

10.054%

S$1.23

Malls

PLife

Q4 : Dec-08

1.84

S$0.76

9.684%

S$1.32

Hospitals

A-REIT

Q4 : Mar-09

3.23

S$1.34

9.642%

S$1.58

Industrial

CMT

Q1 : Mar-09

1.97

S$1.25

6.392%

S$1.65

Malls + Office

NOTES :

  • Mkt Price is as on 30-Apr-09
  • CDLHTrust : Annualised DPU = 7.99ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • FrasersComm : Annualised DPU = 2.92ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CCT : Annualised DPU = 13.14ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • Suntec : Annualised DPU = 11.834ct
  • StarHill Gbl : Annualised DPU = 7.58ct
  • Cambridge : Annualised DPU = 5.236ct
  • LMIR : Annualised DPU = 5.44ct
  • FrasersCT : 95% Payout
  • FirstREIT – Annualised DPU 7.62ct
  • ART – Annualised DPU = 7.18ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • KREIT : Annualised DPU = 9.65ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CRCT : Annualised DPU = 8.68ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • AREIT : DPU = 2.5ct (21-Jan-09 to 31-Mar-09) + 0.73ct (1-Jan-09 to 20-Jan-09) Already Paid ; Performance Fees in Cash (Not in New Units) Else DPU = 3.8ct ; Preferential Offer 1-for-15 @ $1.16 + Private Placement (258M New Units) Right for DPU from 21-Jan-09 – Listed on 13-Feb-09
  • CMT : Annualised DPU = 7.99ct ; NAV and DPU are Post-Rights Issue (9-for-10 @ $0.82) Right for Q1 DPU – Listed on 3-Apr-09
  • Saizen : No Payout for 1H09 (Dec-08) ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
  • PLife : Annualised DPU = 7.36ct
  • 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$

Q1 : Mar-09

0.98

US$0.17

23.059%

$0.38

Shipping Trust

FSL Trust

Q1 : Mar-09

2.45

S$0.38

38.088%

$0.73

Shipping Trust

Rickmers

Q1 : Mar-09

2.14

S$0.355

35.612%

$0.84

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4769:US$1 fm Yahoo Finance)
  • Rickmers : 46% Payout
  • PST : 90% Payout
  • FSL : Annualised DPU 9.8ct (73% Payout)
  • FSL : SGX Annc (21-Apr-09) Quarterly DPU Forecast – Q209 US2.45ct (75% Payout)

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q3 : Dec-08

1.75

$0.515

13.592%

$0.11*

Infrastructure – Water, Gas

AscendasIndT

2H : Mar-09

4.07

$0.54

15.074%

$0.89

India – Industrial Park

HWT

2H : Dec-08

1.91

$0.35

10.914%

$0.80

China – Water Plant

Indiabulls

FY09 – IPO

5.12

$0.23

22.261%

$1.1337

India – Office

NOTES :

  • HWT : Actual Payout DPU = 2.79ct Due to Sponsor Waiver
  • HWT : FY09 DPU Forecast = 5.42ct
  • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.60
  • Indiabulls : Listing on 11-Jun-08 2PM
  • Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
  • HWT : IPO Forecast – 2.09ct (1H08) ; 4.88ct (FY08) / SGX Annc – Pg 12 (Distribution Statement)
  • HWT : Listing on 3-Dec-07 2PM
  • HWT : IPO Forecast – 4.46ct (FY08) – Sponsor (25% s/h) undertaken to waive entitlement to distributions, else DPU 3.34ct (Yield 4.282% @ $0.78) ; 5.06ct (FY09) – Yield 6.744% @ $0.78

March 2009

Average Yield = 18.554% / 16.260% (Excl. Saizen, MI-REIT & LMIR)

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

Saizen

FY08 – IPO

5.30

S$0.115

46.087%

S$1.04

Residential (Japan)

MI-REIT

Q3 : Dec-08

2.35

S$0.23

40.870%

S$1.27

Industrial

FrasersComm

2H : Dec-08

2.36

S$0.14

33.714%

S$0.97

Malls + Office (S’pore and Aust)

Cambridge

Q4 : Dec-08

1.373

S$0.25

21.848%

S$0.74

Industrial

AscottREIT

2H : Dec-08

4.28

S$0.41

20.878%

S$1.47

Serviced Apts (Regional)

CDL HTrust

2H : Dec-08

4.73

S$0.52

18.192%

S$1.42

Hotels

Suntec

Q1: Dec-08

2.858

S$0.63

17.998%

S$1.984

Malls + Office

K-REIT

2H : Dec-08

5.07

S$0.595

17.042%

S$2.19

Office

Starhill Gbl

Q4 : Dec-08

1.85

S$0.455

16.176%

S$1.42

Malls + Office

MapleTree

Q4 : Dec-08

1.46

S$0.375

15.573%

S$0.87

Industrial

First REIT

Q4 : Dec-08

1.94

S$0.50

15.520%

S$0.9321

Hospitals + Hotel (Indonesia)

Fortune

2H : Dec-08

18.51

HK$2.67

13.865%

HK$7.58

Malls (HK)

A-REIT

Q3 : Dec-08

4.05

S$1.22

13.279%

S$1.77

Industrial

CCT

2H : Dec-08

5.81

S$0.88

13.136%

S$2.92

Office

CapitaRChina

2H : Dec-08

4.28

S$0.735

11.646%

S$1.21

Malls (China)

CMT

Q4 : Dec-08

3.65

S$1.32

11.000%

S$2.41

Malls + Office

FrasersCT

Q1 : Dec-08

1.67

S$0.63

10.603%

S$1.22

Malls

PLife

Q4 : Dec-08

1.84

S$0.76

9.684%

S$1.32

Hospitals

LMIR

Q4 : Dec-08

0.3

S$0.22

5.409%

S$0.7113

Malls – Indonesia

NOTES :

  • Mkt Price is as on 31-Mar-09
  • Saizen : No Payout for 1H09 (Dec-08) ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
  • LMIR : Annualised DPU = 1.19ct
  • Cambridge : Annualised DPU = 5.462ct
  • CDL HTrust : 90% Payout
  • StarHill Gbl : Annualised DPU = 7.36ct
  • PLife : Annualised DPU = 7.36ct
  • FrasersCT : 90% Payout
  • Suntec : Annualised DPU = 11.339ct
  • CMT : Annualised DPU = 14.52ct
  • FrasersComm : Q$08 DPU 1.26ct (Annualised 5.01ct) ; Above Yield Table Uses 2H08 DPU Payout
  • CRCT : Q408 DPU 2.27ct (Annualised 9.03ct) ; Above Yield Table Uses 2H08 DPU Payout
  • CCT : Annualised DPU = 11.56ct
  • 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-08

0.93

US$0.155

24.000%

$0.40

Shipping Trust

FSL Trust

Q4 : Dec-08

3.08

S$0.375

49.963%

$0.75

Shipping Trust

Rickmers

Q4 : Dec-08

2.25

S$0.345

39.673%

$0.82

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.5208:US$1 fm Yahoo Finance)
  • FSL : Annualised DPU 12.32ct
  • FSL : SGX Annc (21-Jan-09) Quarterly DPU Forecast – Q109 US2.45ct (75-80% Payout)

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q3 : Dec-08

1.75

$0.52

13.462%

$0.11*

Infrastructure – Water, Gas

AscendasIndT

Q3 : Dec-08

2.02

$0.525

15.390%

$0.94

India – Industrial Park

HWT

2H : Dec-08

1.91

$0.30

12.733%

$0.80

China – Water Plant

Indiabulls

FY09 – IPO

5.12

$0.20

25.600%

$1.1337

India – Office

NOTES :

  • HWT : Actual Payout DPU = 2.79ct Due to Sponsor Waiver
  • HWT : FY09 DPU Forecast = 5.42ct
  • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.60
  • a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
  • Indiabulls : Listing on 11-Jun-08 2PM
  • Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
  • HWT : IPO Forecast – 2.09ct (1H08) ; 4.88ct (FY08) / SGX Annc – Pg 12 (Distribution Statement)
  • HWT : Listing on 3-Dec-07 2PM
  • HWT : IPO Forecast – 4.46ct (FY08) – Sponsor (25% s/h) undertaken to waive entitlement to distributions, else DPU 3.34ct (Yield 4.282% @ $0.78) ; 5.06ct (FY09) – Yield 6.744% @ $0.78