Category: Yield

 

September 2008

Average Yield = 10.751%

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

MI-REIT

Q1 : Jun-08

2.35

S$0.49

19.184%

S$1.30

Industrial

Cambridge

Q2 : Jun-08

1.561

S$0.435

14.432%

S$0.79

Industrial

CDL HTrust

1H : Jun-08

5.89

S$0.86

13.767%

S$1.61

Hotels

AllCo

1H : Jun-08

3.99

S$0.505

13.683%

S$1.39

Malls + Office (S’pore and Aust)

AscottREIT

1H : Jun-08

4.52

S$0.705

12.823%

S$1.57

Serviced Apts (Regional)

First REIT

Q2 : Jun-08

1.91

S$0.61

12.492%

S$0.923

Hospitals + Hotel (Indonesia)

Fortune

1H : Jun-08

18.51

HK$3.01

12.299%

HK$9.02

Malls (HK)

LMIR

Q2 : Jun-08

1.5

S$0.515

11.689%

S$0.972

Malls – Indonesia

Saizen

FY08 – IPO

5.30

S$0.47

11.277%

S$1.05

Residential (Japan)

Suntec

Q3: Jun-08

2.793

S$1.16

9.684%

S$2.24

Malls + Office

CapitaRChina

1H : Jun-08

2.72*

S$0.72

9.431%

S$1.07

Malls (China)

FrasersCT

Q3 : Jun-08

1.88

S$0.82

9.171%

S$1.17

Malls

MP REIT

Q2 : Jun-08

1.78

S$0.825

8.679%

S$1.60

Malls + Office

A-REIT

Q1 : Jun-08

3.89

S$1.87

8.321%

S$1.85

Industrial

K-REIT

1H : Jun-08

3.94

S$0.96

8.229%

S$2.22

Office

MapleTree

1H : Jun-08 (Rights – Proforma)

2.93

S$0.73

8.027%

S$0.83

Industrial

CCT

1H : Jun-08

5.19

S$1.31

7.969%

S$3.12

Office

PLife

Q2 : Jun-08

1.66

S$0.975

6.821%

S$1.34

Hospitals

CMT

Q2 : Jun-08

3.52

S$2.25

6.293%

S$2.39

Malls + Office

NOTES :

  • Mkt Price is as on 30-Sep-08
  • Saizen : Actual Payout 4.67ct as per IPO Forecast ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
  • MapleTree : Adjusted for 3-for-4 Rights @ $0.73 xri 23-Jul-08 Using 2H08 Proforma Figures ; Annualised DPU 5.86ct ; Rights Circular (28-Jul-08) – Refer to Pg A7-2 ; Expected Date of New Shares Issue is 22-Aug-08 & Trading Starts 25-Aug-08
  • Suntec : Annualised DPU = 11.233ct
  • MP REIT : Annualised DPU = 7.16ct
  • CDL HTrust : Annualised DPU = 11.84ct
  • CRCT : * For the Period 5-Feb-08 to 30-Jun-08 ; Annualised DPU 6.79ct ; Actual DPU for 1H08 = 3.25ct (Annualised 6.54ct)
  • AllCo : Annualised DPU = 6.91ct (Computed based on the amount available for distribution less the one-off gains on derivative financial instruments of S$3.9 million realised in 2Q2008 – Pg 1 Foot Note 5)
  • Cambridge : Annualised DPU = 6.278ct
  • LMIR : Annualised DPU = 6.02ct
  • KREIT : Annualised DPU = 7.9ct ; Actual Payout = 1.39ct (8-May-08 to 30-Jun-08)
  • PLife : Annualised DPU = 6.65ct
  • CCT : Annualised DPU = 10.44ct
  • First REIT : Annualised DPU = 7.62ct
  • A-REIT : Annualised DPU = 15.56ct
  • CMT : Annualised DPU = 14.16ct
  • KREIT : FY08 DPU Forecast 7.53ct (8-for-5 Rights @ $1.39)
  • 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-08

1.09

US$0.34

12.824%

$0.44

Shipping Trust

FSL Trust

Q2 : Jun-08

2.80

S$0.845

18.894%

$0.88

Shipping Trust

Rickmers

Q2 : Jun-08

2.25

S$0.84

15.273%

$0.99

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4255:US$1 fm Yahoo Finance)
  • FSL : Annualised DPU 11.2ct
  • FSL : SGX Annc (12-May-08) Quarterly DPU Forecast – Q208 US2.77ct ; Q308 US3.05ct
  • Rickmers : SGX Annc (5-May-08) Quarterly DPU Forecast (Pg 7) – US 2.25ct (Q308)

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q1 : Jun-08

1.75

$0.74

9.459%

$0.82

Infrastructure – Water, Gas

AscendasIndT

Q1 : Jun-08

1.65

$0.525

12.571%

$1.01

India – Industrial Park

HWT

1H : Jun-08

2.17

$0.505

8.594%

$0.75

China – Water Plant

Indiabulls

FY09 – IPO

5.12

$0.49

10.449%

India – Office

NOTES :

  • HWT : DPU = 1.49ct if No Sponsor waiver
  • ai-Trust : Div Not Paid Out as Semi-Annual 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

August 2008

Results Announcement

  • 5 Aug 08 – HWT (Table Updated)
  • 5 Aug 08 – Rickmers (Table Updated)
  • 12 Aug 08 – MI-REIT (Tables Updated)
  • 13 Aug 08 – CitySpring (Table Updated)
  • 27 Aug 08 – Saizen (Tables Updated)

Average Yield = 8.513%

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

MI-REIT

Q1 : Jun-08

2.35

S$0.755

12.450%

S$1.30

Industrial

First REIT

Q2 : Jun-08

1.91

S$0.70

10.886%

S$0.923

Hospitals + Hotel (Indonesia)

LMIR

Q2 : Jun-08

1.5

S$0.58

10.379%

S$0.972

Malls – Indonesia

Cambridge

Q2 : Jun-08

1.561

S$0.605

10.377%

S$0.79

Industrial

AscottREIT

1H : Jun-08

4.52

S$0.875

10.331%

S$1.57

Serviced Apts (Regional)

CDL HTrust

1H : Jun-08

5.89

S$1.15

10.296%

S$1.61

Hotels

Saizen

FY08 – IPO

5.30

S$0.52

10.192%

S$1.05

Residential (Japan)

Fortune

1H : Jun-08

18.51

HK$3.65

10.142%

HK$9.02

Malls (HK)

AllCo

1H : Jun-08

3.99

S$0.70

9.871%

S$1.39

Malls + Office (S’pore and Aust)

MapleTree

1H : Jun-08 (Rights – Proforma)

2.93

S$0.67

8.746%

S$0.83

Industrial

Suntec

Q3: Jun-08

2.793

S$1.46

7.694%

S$2.24

Malls + Office

CapitaRChina

1H : Jun-08

2.72*

S$0.99

6.859%

S$1.07

Malls (China)

MP REIT

Q2 : Jun-08

1.78

S$1.05

6.819%

S$1.60

Malls + Office

A-REIT

Q1 : Jun-08

3.89

S$2.30

6.765%

S$1.85

Industrial

FrasersCT

Q3 : Jun-08

1.88

S$1.20

6.267%

S$1.17

Malls

K-REIT

1H : Jun-08

3.94

S$1.27

6.220%

S$2.22

Office

PLife

Q2 : Jun-08

1.66

S$1.08

6.157%

S$1.34

Hospitals

CCT

1H : Jun-08

5.19

S$1.70

6.141%

S$3.12

Office

CMT

Q2 : Jun-08

3.52

S$2.75

5.149%

S$2.39

Malls + Office

NOTES :

  • Mkt Price is as on 29-Aug-08
  • Saizen : Actual Payout 4.67ct as per IPO Forecast ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
  • MapleTree : Adjusted for 3-for-4 Rights @ $0.73 xri 23-Jul-08 Using 2H08 Proforma Figures ; Annualised DPU 5.86ct ; Rights Circular (28-Jul-08) – Refer to Pg A7-2 ; Expected Date of New Shares Issue is 22-Aug-08 & Trading Starts 25-Aug-08
  • Suntec : Annualised DPU = 11.233ct
  • MP REIT : Annualised DPU = 7.16ct
  • CDL HTrust : Annualised DPU = 11.84ct
  • CRCT : * For the Period 5-Feb-08 to 30-Jun-08 ; Annualised DPU 6.79ct ; Actual DPU for 1H08 = 3.25ct (Annualised 6.54ct)
  • AllCo : Annualised DPU = 6.91ct
  • Cambridge : Annualised DPU = 6.278ct
  • LMIR : Annualised DPU = 6.02ct
  • KREIT : Annualised DPU = 7.9ct ; Actual Payout = 1.39ct (8-May-08 to 30-Jun-08)
  • PLife : Annualised DPU = 6.65ct
  • CCT : Annualised DPU = 10.44ct
  • First REIT : Annualised DPU = 7.62ct
  • A-REIT : Annualised DPU = 15.56ct
  • CMT : Annualised DPU = 14.16ct
  • KREIT : FY08 DPU Forecast 7.53ct (8-for-5 Rights @ $1.39)
  • 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-08

1.09

$0.37

11.784%

$0.44

Shipping Trust

FSL Trust

Q2 : Jun-08

2.80

S$1.13

14.014%

$0.88

Shipping Trust

Rickmers

Q2 : Jun-08

2.25

S$1.05

12.119%

$0.99

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4139:US$1 fm Yahoo Finance)
  • FSL : Annualised DPU 11.2ct
  • FSL : SGX Annc (12-May-08) Quarterly DPU Forecast – Q208 US2.77ct ; Q308 US3.05ct
  • Rickmers : SGX Annc (5-May-08) Quarterly DPU Forecast (Pg 7) – US 2.25ct (Q308)

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q1 : Jun-08

1.75

$0.775

9.032%

$0.82

Infrastructure – Water, Gas

AscendasIndT

Q1 : Jun-08

1.65

$0.715

9.231%

$1.01

India – Industrial Park

HWT

1H : Jun-08

2.17

$0.63

6.889%

$0.75

China – Water Plant

Indiabulls

FY09 – IPO

5.12

$0.58

8.828%

India – Office

NOTES :

  • HWT : DPU = 1.49ct if No Sponsor waiver
  • ai-Trust : Div Not Paid Out as Semi-Annual 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

July 2008

Results Announcement

  • 17 Jul 08 (AM) – CMT (Tables Updated)
  • 18 Jul 08 – A-Reit (Tables Updated)
  • 20 Jul 08 – MapleTree (Tables Updated)
  • 22 Jul 08 (AM) – FirstREIT (Tables Updated)
  • 22 Jul 08 (Noon) – FSL (Table Updated)
  • 22 Jul 08 – PST (Table Updated)
  • 23 Jul 08 (AM) – ART (Tables Updated)
  • 23 Jul 08 (AM) – CCT (Tables Updated)
  • 23 Jul 08 – a-iTrust (Table Updated)
  • 23 Jul 08 – FrasersCT (Tables Updated)
  • 25 Jul 08 – PLife (Tables Updated)
  • 28 Jul 08 – KREIT (Tables Updated)
  • 29 Jul 08 (AM) – LMIR (Tables Updated)
  • 29 Jul 08 (AM) – Cambridge (Tables Updated)
  • 29 Jul 08 – Fortune (Tables Updated)
  • 29 Jul 08 – AllCo (Tables Updated)
  • 30 Jul 08 (AM) – CapitaRChina (Tables Updated)
  • 30 Jul 08 – CDLHTrust (Tables Updated)
  • 30 Jul 08 – MP Reit (Tables Updated)
  • 30-Jul-08 – Suntec (Tables Updated)
  • 5 Aug 08 – Rickmers
  • 12 Aug 08 – MI-REIT
  • 13 Aug 08 – CitySpring

Average Yield = 7.742%

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

MapleTree

Q2 : Jun-08

2.04

S$0.73

*11.178%

S$0.92

Industrial

First REIT

Q2 : Jun-08

1.91

S$0.715

10.657%

S$0.923

Hospitals + Hotel (Indonesia)

MI-REIT

Q4 : Mar-08

2.22

S$0.88

10.148%

S$1.29

Industrial

LMIR

Q2 : Jun-08

1.5

S$0.60

10.033%

S$0.972

Malls – Indonesia

Cambridge

Q2 : Jun-08

1.561

S$0.655

9.595%

S$0.79

Industrial

Fortune

1H : Jun-08

18.51

HK$4.32

8.569%

HK$9.02

Malls (HK)

AllCo

1H : Jun-08

3.99

S$0.81

8.531%

S$1.39

Malls + Office (S’pore and Aust)

AscottREIT

1H : Jun-08

4.52

S$1.06

8.528%

S$1.57

Serviced Apts (Regional)

CDL HTrust

1H : Jun-08

5.89

S$1.43

8.280%

S$1.61

Hotels

Saizen

FY08 – IPO

5.30

S$0.70

7.571%

S$1.05

Residential (Japan)

Suntec

Q3: Jun-08

2.793

S$1.55

7.247%

S$2.24

Malls + Office

A-REIT

Q1 : Jun-08

3.89

S$2.30

6.765%

S$1.85

Industrial

MP REIT

Q2 : Jun-08

1.78

S$1.07

6.692%

S$1.60

Malls + Office

FrasersCT

Q3 : Jun-08

1.88

S$1.24

6.065%

S$1.17

Malls

CapitaRChina

1H : Jun-08

2.72*

S$1.15

5.904%

S$1.07

Malls (China)

K-REIT

1H : Jun-08

3.94

S$1.41

5.603%

S$2.22

Office

PLife

Q2 : Jun-08

1.66

S$1.19

5.588%

S$1.34

Hospitals

CCT

1H : Jun-08

5.19

S$1.92

5.438%

S$3.12

Office

CMT

Q2 : Jun-08

3.52

S$3.00

4.720%

S$2.39

Malls + Office

NOTES :

  • Mkt Price is as on 31-Jul-08
  • Suntec : Annualised DPU = 11.233ct
  • MP REIT : Annualised DPU = 7.16ct
  • CDL HTrust : Annualised DPU = 11.84ct
  • CRCT : * For the Period 5-Feb-08 to 30-Jun-08 ; Annualised DPU 6.79ct ; Actual DPU for 1H08 = 3.25ct (Annualised 6.54ct)
  • AllCo : Annualised DPU = 6.91ct
  • Cambridge : Annualised DPU = 6.278ct
  • LMIR : Annualised DPU = 6.02ct
  • KREIT : Annualised DPU = 7.9ct ; Actual Payout = 1.39ct (8-May-08 to 30-Jun-08)
  • PLife : Annualised DPU = 6.65ct
  • CCT : Annualised DPU = 10.44ct
  • MapleTree : Not Adjusted for 3-for-4 Rights @ $0.73 xri 23-Jul-08 ; Rights Circular (27-Jun-08) – Refer to Pg 25-27 and Appendix C on Proforma Impact of Rights Issue on DPU and Yield
  • First REIT : Annualised DPU = 7.62ct
  • A-REIT : Annualised DPU = 15.56ct
  • CMT : Annualised DPU = 14.16ct
  • MI-REIT : Annualised DPU = 8.93ct
  • KREIT : FY08 DPU Forecast 7.53ct (8-for-5 Rights @ $1.39)
  • 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-08

1.09

$0.39

11.179%

$0.44

Shipping Trust

FSL Trust

Q2 : Jun-08

2.80

S$1.21

12.653%

$0.88

Shipping Trust

Rickmers

Q1 : Mar-08

2.14

S$1.14

10.264%

$0.96

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3670:US$1 fm Yahoo Finance)
  • FSL : Annualised DPU 11.2ct
  • FSL : SGX Annc (12-May-08) Quarterly DPU Forecast – Q208 US2.77ct ; Q308 US3.05ct
  • Rickmers : Annualised DPU 8.56ct
  • Rickmers : SGX Annc (5-May-08) Quarterly DPU Forecast (Pg 7) – US 2.25ct (Q308)

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q4 : Mar-08

1.60

$0.77

8.312%

$0.81

Infrastructure – Water, Gas

AscendasIndT

Q1 : Jun-08

1.65

$0.795

8.302%

$1.01

India – Industrial Park

HWT

Q1 : Mar-08

0.87

$0.645

5.395%

$0.74

China – Water Plant

Indiabulls

FY09 – IPO

5.12

$0.70

7.314%

India – Office

NOTES :

  • ai-Trust : Div Not Paid Out as Semi-Annual 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 : Div Not Paid Out as Semi-Annual Policy
  • 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

June 2008

    Average Yield = 7.498%

    REIT

    Period

    DPU ct

    Price

    Yield

    NAV

    Assets Type

    LMIR

    Q1 : Mar-08

    2.20*

    S$0.545

    11.083%

    S$0.958

    Malls – Indonesia

    First REIT

    Q1 : Mar-08

    1.85

    S$0.72

    10.417%

    S$0.924

    Hospitals + Hotel (Indonesia)

    MI-REIT

    Q4 : Mar-08

    2.22

    S$0.90

    9.922%

    S$1.29

    Industrial

    Cambridge

    Q1 : Mar-08

    1.588

    S$0.67

    9.533%

    S$0.76

    Industrial

    MapleTree

    Q1 : Mar-08

    1.90

    S$0.85

    8.941%

    S$0.90

    Industrial

    AscottREIT

    Q1 : Mar-08

    2.33

    S$1.07

    8.710%

    S$1.57

    Serviced Apts (Regional)

    AllCo

    Q1 : Mar-08

    1.60

    S$0.76

    8.447%

    S$1.44

    Malls + Office (S’pore and Aust)

    Fortune

    Q1 : Mar-08

    8.79

    HK$4.54

    7.744%

    HK$8.91

    Malls (HK)

    Saizen

    FY08 – IPO

    5.30

    S$0.70

    7.571%

    S$1.05

    Residential (Japan)

    Suntec

    Q2: Mar-08

    2.5185

    S$1.36

    7.448%

    S$2.23

    Malls + Office

    MP REIT

    Q1 : Mar-08

    1.76

    S$1.03

    6.874%

    S$1.59

    Malls + Office

    A-REIT

    Q4 : Mar-08

    3.69

    S$2.21

    6.679%

    S$1.80

    Industrial

    CDL HTrust

    Q1 : Mar-08

    2.86

    S$1.76

    6.534%

    S$1.58

    Hotels

    FrasersCT

    Q2 : Mar-08

    1.75

    S$1.19

    5.882%

    S$1.17

    Malls

    PLife

    Q1 : Mar-08

    1.62

    S$1.13

    5.743%

    S$1.34

    Hospitals

    CCT

    Q1 : Mar-08

    2.59

    S$1.91

    5.455%

    S$2.79

    Office

    K-REIT

    FY08 – Rights

    7.53

    S$1.39

    5.417%

    S$2.29

    Office

    CapitaRChina

    Q1 : Mar-08

    1.02*

    S$1.24

    5.371%

    S$1.05

    Malls (China)

    CMT

    Q1 : Mar-08

    3.48

    S$2.99

    4.682%

    S$2.21

    Malls + Office

    NOTES :

    • Mkt Price is as on 30-Jun-08
    • MI-REIT : Annualised DPU = 8.93ct
    • AllCo : Annualised DPU = 6.42ct ; Div Not Paid Out as Semi-Annual Policy
    • Fortune : Div Not Paid Out as Semi-Annual Policy
    • PLife : Annualised DPU = 6.49ct
    • Suntec : Annualised DPU = 10.129ct
    • CDL HTrust : Annualised DPU = 11.5ct ; Div Not Paid Out as Semi-Annual Policy
    • MP REIT : Annualised DPU = 7.08ct
    • LMIR : Annualised DPU = 6.04ct ; For the Period 8-Aug-07 to 31-Mar-08
    • CCT : Annualised DPU = 10.42ct ; Div Not Paid Out as Semi-Annual Policy
    • Cambridge : Annualised DPU = 6.387ct
    • CRCT : * For the Period 5-Feb-08 to 31-Mar-08 ; Annualised DPU 6.66ct ; Div Not Paid Out as Semi-Annual Policy ; Actual DPU for Q108 = 1.55ct (Annualised 6.22ct)
    • AscottREIT : Div Not Paid Out as Semi-Annual Policy
    • First REIT : Annualised DPU = 7.5ct
    • CMT : Annualised DPU = 14ct
    • KREIT : FY08 DPU Forecast 7.53ct (8-for-5 Rights @ $1.39)
    • CapitaRChina : Annualised DPU = 7.02ct ; Actual Payout 4.04cts (1-Jul-07 to 4-Feb-08)
    • 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-08

    0.97

    $0.40

    9.700%

    $0.42

    Shipping Trust

    FSL Trust

    Q1 : Mar-08

    2.59

    S$1.22

    11.535%

    $0.88

    Shipping Trust

    Rickmers

    Q1 : Mar-08

    2.14

    S$1.13

    10.290%

    $0.96

    Shipping Trust

    NOTES :

    • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3584:US$1 fm Yahoo Finance)
    • FSL : Annualised DPU 10.36ct
    • FSL : SGX Annc (12-May-08) Quarterly DPU Forecast – Q208 US2.77ct ; Q308 US3.05ct
    • Rickmers : Annualised DPU 8.56ct
    • Rickmers : SGX Annc (5-May-08) Quarterly DPU Forecast (Pg 7) – US 2.25ct (Q308)

    Other Trusts (non-REITs)

    Trust

    Period

    DPU ct

    Price

    Yield

    NAV

    Assets Type

    CitySpring

    Q4 : Mar-08

    1.60

    $0.76

    8.421%

    $0.81

    Infrastructure – Water, Gas

    AscendasIndT

    2H : Mar-08

    3.14

    $0.905

    6.939%

    $1.08

    India – Industrial Park

    HWT

    Q1 : Mar-08

    0.87

    $0.675

    5.156%

    $0.74

    China – Water Plant

    Indiabulls

    FY09 – IPO

    5.12

    $0.89

    5.753%

    India – Office

    NOTES :

    • 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 : Div Not Paid Out as Semi-Annual Policy
    • 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

    May 2008

    Results Announcement

    • 5-May-08 : Rickmers (Table Updated)
    • 6-May-08 : PLife (Tables Updated)
    • 6-May-08 : Fortune (Tables Updated)
    • 6-May-08 : AllCo (Tables Updated)
    • 8-May-08 : HWT (Table Updated)
    • 12-May-08 : Saizen (Tables Not Updated – No DPU data)
    • 21-May-08 : MI-REIT (Tables Updated)
    • 28-May-08 : CitySpring (Tables Updated)

    Average Yield = 6.801%

    REIT

    Period

    DPU ct

    Price

    Yield

    NAV

    Assets Type

    LMIR

    Q1 : Mar-08

    2.20*

    S$0.555

    10.883%

    S$0.958

    Malls – Indonesia

    First REIT

    Q1 : Mar-08

    1.85

    S$0.725

    10.345%

    S$0.924

    Hospitals + Hotel (Indonesia)

    MI-REIT

    Q4 : Mar-08

    2.22

    S$0.96

    9.302%

    S$1.29

    Industrial

    Cambridge

    Q1 : Mar-08

    1.588

    S$0.725

    8.810%

    S$0.76

    Industrial

    AllCo

    Q1 : Mar-08

    1.60

    S$0.835

    7.689%

    S$1.44

    Malls + Office (S’pore and Aust)

    MapleTree

    Q1 : Mar-08

    1.90

    S$1.00

    7.600%

    S$0.90

    Industrial

    AscottREIT

    Q1 : Mar-08

    2.33

    S$1.25

    7.456%

    S$1.57

    Serviced Apts (Regional)

    Saizen

    FY08 – IPO

    5.30

    S$0.75

    7.067%

    S$1.05

    Residential (Japan)

    Fortune

    Q1 : Mar-08

    8.79

    HK$4.98

    7.060%

    HK$8.91

    Malls (HK)

    Suntec

    Q2: Mar-08

    2.5185

    S$1.67

    6.065%

    S$2.23

    Malls + Office

    A-REIT

    Q4 : Mar-08

    3.69

    S$2.45

    6.024%

    S$1.80

    Industrial

    MMP

    Q1 : Mar-08

    1.76

    S$1.20

    5.900%

    S$1.59

    Malls + Office

    CDL HTrust

    Q1 : Mar-08

    2.86

    S$1.95

    5.897%

    S$1.58

    Hotels

    FrasersCT

    Q2 : Mar-08

    1.75

    S$1.32

    5.303%

    S$1.17

    Malls

    PLife

    Q1 : Mar-08

    1.62

    S$1.24

    5.234%

    S$1.34

    Hospitals

    K-REIT

    FY08 – Rights

    7.53

    S$1.47

    5.122%

    S$2.29

    Office

    CCT

    Q1 : Mar-08

    2.59

    S$2.25

    4.631%

    S$2.79

    Office

    CapitaRChina

    Q1 : Mar-08

    1.02*

    S$1.45

    4.593%

    S$1.05

    Malls (China)

    CMT

    Q1 : Mar-08

    3.48

    S$3.31

    4.230%

    S$2.21

    Malls + Office

    NOTES :

    • Mkt Price is as on 30-May-08
    • MI-REIT : Annualised DPU = 8.93ct
    • AllCo : Annualised DPU = 6.42ct ; Div Not Paid Out as Semi-Annual Policy
    • Fortune : Div Not Paid Out as Semi-Annual Policy
    • PLife : Annualised DPU = 6.49ct
    • Suntec : Annualised DPU = 10.129ct
    • CDL HTrust : Annualised DPU = 11.5ct ; Div Not Paid Out as Semi-Annual Policy
    • MMP : Annualised DPU = 7.08ct
    • LMIR : Annualised DPU = 6.04ct ; For the Period 8-Aug-07 to 31-Mar-08
    • CCT : Annualised DPU = 10.42ct ; Div Not Paid Out as Semi-Annual Policy
    • Cambridge : Annualised DPU = 6.387ct
    • CRCT : * For the Period 5-Feb-08 to 31-Mar-08 ; Annualised DPU 6.66ct ; Div Not Paid Out as Semi-Annual Policy ; Actual DPU for Q108 = 1.55ct (Annualised 6.22ct)
    • AscottREIT : Div Not Paid Out as Semi-Annual Policy
    • First REIT : Annualised DPU = 7.5ct
    • CMT : Annualised DPU = 14ct
    • KREIT : FY08 DPU Forecast 7.53ct (8-for-5 Rights @ $1.39)
    • CapitaRChina : Annualised DPU = 7.02ct ; Actual Payout 4.04cts (1-Jul-07 to 4-Feb-08)
    • 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-08

    0.97

    $0.410

    9.463%

    $0.42

    Shipping Trust

    FSL Trust

    Q1 : Mar-08

    2.59

    S$1.20

    11.791%

    $0.88

    Shipping Trust

    Rickmers

    Q1 : Mar-08

    2.14

    S$1.12

    10.439%

    $0.96

    Shipping Trust

    NOTES :

    • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3658:US$1 fm Yahoo Finance)
    • FSL : Annualised DPU 10.36ct
    • FSL : SGX Annc (12-May-08) Quarterly DPU Forecast – Q208 US2.77ct ; Q308 US3.05ct
    • Rickmers : Annualised DPU 8.56ct
    • Rickmers : SGX Annc (5-May-08) Quarterly DPU Forecast (Pg 7) – US 2.25ct (Q308)

    Other Trusts (non-REITs)

    Trust

    Period

    DPU ct

    Price

    Yield

    NAV

    Assets Type

    CitySpring

    Q4 : Mar-08

    1.60

    $0.81

    7.901%

    $0.81

    Infrastructure – Water, Gas

    AscendasIndT

    2H : Mar-08

    3.14

    $1.10

    5.709%

    $1.08

    India – Industrial Park

    HWT

    Q1 : Mar-08

    0.87

    $0.73

    4.767%

    $0.74

    China – Water Plant

    NOTES :

    • HWT : Div Not Paid Out as Semi-Annual Policy
    • 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