Category: Yield

 

August 2016

 

 

Results Announcement

  • 1 Aug 16 : OUE H-Trust (Updated)
  • 2 Aug 16 : OUE C-REIT (Updated)
  • 3 Aug 16 : Religare (Updated)
  • 4 Aug 16 : LMIR (Updated)
  • 4 Aug 16 : A-HTrust (Updated)
  • 4 Aug 16 : FSL (Updated)
  • 5 Aug 16 : Rickmers (Updated)
  • 10 Aug 16 : IREIT Global (Updated)
  • 12 Aug 16 (AM) : APTT (Updated)
  • 12 Aug 16 (AM) : Accordia (Updated)
  • 12 Aug 16 : BHG (Updated)
  • 26 Aug 16 (AM) : CRT (Updated)

 

 

REITs : Average Yield = 6.919% (Excludes Saizen)

REIT

Period

Mkt

DPU cts

Yield

NAV

Gearing

Assets Type

Viva Ind Tr

Q2 – Jun16

$0.745

1.750

9.447%

$0.807

40.00%

Biz Park (59%) + Light Industrial (25%) + Hotel (10%) + Logistics (6%) by Revenue

Sabana REIT

Q2 – Jun16

$0.525

1.230

9.429%

$0.800

41.20%

Industrial (21)

SoilbuildBizREIT

Q2 – Jun16

$0.685

1.565

9.139%

$0.790

35.90%

Industrial (11) : Business Park 34% + Industrial 66% by NPI

Lippo Malls Tr

Q2 – Jun16

$0.375

0.850

9.067%

$0.379

35.70%

Retail (Indonesia) – 19

Cache Log Trust

Q2 – Jun16

$0.915

1.989

8.743%

$0.870

39.80%

Industrial (19) : Singapore (85%) + Australia (14%) + China (1%) by Gross Revenue

IREIT Global

1H – Jun16

$0.735

3.180

8.653%

$0.638

41.80%

Offices : Germany (5)

AIMSAMP Cap Reit

Q1 – Jun16

$1.395

2.750

8.136%

$1.475

33.10%

Industrial (26) : Singapore + Australia

Cambridge Ind Tr

Q2 – Jun16

$0.540

1.078

7.985%

$0.669

37.40%

Industrial (51)

OUE COMMERCIAL REIT

1H – Jun16

$0.690

2.680

7.768%

$0.910

40.20%

Office (83%) + Retail (17%) ; Singapore (79.9%) + China (20.1%) by Revenue

FHT

Q3 – Jun16

$0.790

1.513

7.659%

$0.800

38.30%

Hotel (60.7%) + Serviced Apt (39.3%) : Australia (29%) + Singapore (27%) + UK (20%) + Japan (15%) + Malaysia (5%) + Germany (4%) by NPI

Far East HTrust

Q2 – Jun16

$0.595

1.010

7.496%

$0.929

32.80%

Hotels (64.4%) + Commercial (22.0%) + Serviced Apts (13.6%) by Revenue

OUE Htrust

Q2 – Jun16

$0.675

0.920

7.244%

$0.790

31.20%

Hotel (78.0%) + Retail (22.0%) by NPI

Ascendas-hTrust

Q1 – Jun16

$0.720

1.290

7.167%

$0.850

33.20%

Hotels (11) : Australia (50%) + Japan (26%) + Singapore (15%) + China (9%) by NPI

Frasers Com Tr

Q3 – Jun16

$1.365

2.410

7.099%

$1.500

36.30%

Singapore (55.3%) + Australia (44.7%) by NPI

CDL Htrust

1H – Jun16

$1.385

4.450

7.090%

$1.573

36.30%

Hotels : Singapore (61.3%) + Australia (11.2%) + Maldives (8.9%) + NZ (8.1%) + Japan (4.6%) + UK (5.9%) by NPI

Ascott Reit

1H – Jun16

$1.135

3.875

7.060%

$1.320

41.00%

Serviced Apts (90) : Key Mkt (87.9%) + R.O.W (12.1%) by Valuation

Mapletree Log Tr

Q1 – Jun16

$1.070

1.850

6.916%

$1.000

35.70%

Industrial (118)

BHG Retail Reit

Q2 – Jun16

$0.755

2.850

6.787%

$0.800

29.40%

Retail (China) – 5

Mapletree GCC Tr

Q1 – Jun16

$1.100

1.850

6.727%

$1.183

40.10%

Retail + Office : HK (67.8%) + China (32.2%) by NPI

CapitaR China Tr

1H – Jun16

$1.630

5.320

6.564%

$1.550

29.20%

Retail (China) – 10

ManulifeREIT USD

FY16 – IPO

$0.840

3.650

6.474%

$0.780

36.80%

Offices : USA (3)

First REIT

Q2 – Jun16

$1.315

2.110

6.456%

$1.031

34.40%

Hospitals (12 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

StarhillGbl Reit

Q4 – Jun16

$0.805

1.290

6.435%

$0.910

35.00%

Retail (86.6%) + Office (13.4%) ; Singapore (61.9%) + Australia (22.6%) + Malaysia (12.1%) + China (1.9%) + Japan (1.5%) by Revenue

Mapletree Ind Tr

Q1 – Jun16

$1.780

2.850

6.404%

$1.370

28.20%

Industrial (85)

Frasers L&I Tr

FY16 – IPO

$0.975

2.030

6.229%

$0.880

25.70%

Industrial (Australia) – 51

Ascendas Reit

Q1 – Jun16

$2.450

3.996

6.221%

$2.000

37.00%

Industrial : Singapore (85%) + Australia (11%) + China (4%) by Valuation

Suntec Reit

Q2 – Jun16

$1.675

2.501

6.056%

$2.101

34.70%

Retail (40%) + Office (41%) + Convention (19%) by Revenue

Keppel Reit

Q2 – Jun16

$1.065

1.610

6.047%

$1.410

39.00%

Office (8) : Singapore (90%) + Australia (10%) by Asset Value

SPHREIT

Q3 – May16

$0.960

1.360

5.708%

$0.940

25.70%

Retail (2)

CapitaCom Trust

1H – Jun16

$1.545

4.390

5.683%

$1.720

29.80%

Office (68%) + Retail (19%) + Hotel (13%) by Gross Rental Income

Keppel DC REIT

1H – Jun16

$1.220

3.340

5.475%

$0.884

29.10%

Data Centres – 9 + 1 (Under Devt)

Frasers Cpt Tr

Q3 – Jun16

$2.160

3.040

5.467%

$1.900

28.50%

Retail (6) + 31.17% of Hektar (MREIT)

CapitaMall Trust

Q2 – Jun16

$2.160

2.740

5.245%

$1.870

35.30%

Retail (16) + Office

Mapletree Com Tr

Q1 – Jun16

$1.560

2.030

5.224%

$1.294

35.00%

Retail (68.5%) + Office (31.5%) by NPI

Fortune Reit HKD

1H – Jun16

$9.960

24.780

4.976%

$12.770

29.80%

Retail (HK) – 17

ParkwayLife Reit

Q2 – Jun16

$2.500

3.010

4.816%

$1.640

37.80%

Hospitals + Nursing Homes = 48 : Singapore 59% + Japan 41% by Gross Revenue

Saizen REIT

2H – Jun15

$0.129

2.930

0.000%

$1.210

35.00%

Residential (Japan) – 136

NOTES :

  • Mkt Price is as on 31-Aug-16
  • BHG REIT : Above DPU for the Period 11-Dec-15 to 30-Jun-16
  • IREIT : DPU 100% Hedged @ €1 : S$1.53 for FY16
  • OUE H-Trust : Actual DPU Payout = 0.92ct (1.23ct if Rights Shares Not Entitled) ; Above Yield Uses Proforma FY15 DPU from Rights Circular ; Rights were ranked equal to existing shares and entitled to same DPU, New Acquisition Only Completed on 1-Aug
  • FHT : DPU Not Paid as Semi-Annual Payout Policy
  • MGCT : DPU Not Paid as Semi-Annual Payout Policy
  • YTL StarHill : Above Yield is Computed using last 4Qs DPU : 5.18ct = 1.32ct (Dec15) + 1.31ct (Sep15) + 1.29ct (Jun16) + 1.26ct (Mar16)
  • FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.46ct = 1.17ct (Dec15) + 1.20ct (Sep15) + 1.01ct (Jun16) + 1.08ct (Mar16)
  • CDL H-Trust : Above Yield is Computed using last 4Qs DPU : 9.82ct = 5.37ct (2H15) + 4.45ct (1H16)
  • CRCT : Annualised DPU = 10.70ct
  • VIT : Annualised DPU = 7.038ct
  • MCT : Above Yield is Computed using last 4Qs DPU : 8.15ct = 2.08ct (Dec15) + 2.02ct (Sep15) + 2.03ct (Jun16) + 2.02ct (Mar16)
  • PLife : Annualised DPU = 12.04ct
  • AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 11.35ct = 2.85ct (Dec15) + 2.80ct (Sep15) + 2.75ct (Jun16) + 2.95ct (Mar16)
  • MLT : Includes 0.06ct Divestment Gain for 8 Qs & 0.2ct for 4Qs from Sep-15 ie DPU = 1.79ct (Jun-16) if Excl Divestment Gains
  • Sabana : Annualised DPU = 4.95ct
  • FCOT : Annualised DPU = 9.69ct ; Includes $0.9m from China Square Land for Hotel Payment
  • CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar16) + 2.88ct (Dec15) + 2.98ct (Sep15) + 2.74ct (Jun16) = 11.33ct
  • Cambridge : Annualised DPU = 4.312ct
  • A-REIT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield is Computed Using latest 4Qs DPU = 15.241ct = 3.889ct (Q216) + 7.356ct (2H16) + 3.996ct (Q117)
  • Suntec : Above Yield is Computed Using latest 4Qs DPU = 10.144ct = 2.75ct (Q415) + 2.522ct (Q315) + 2.501ct (Q216) + 2.371ct (Q116)
  • AscottREIT : Above Yield Uses Latest 4Qs DPU = 3.875ct (1H16)) + 4.138ct (2H15) = 8.013ct ; Actual DPU Payout = 2.29ct (23-Mar-16 to 30-Jun-16) as Advanced DPU = 1.585ct (1-Jan-16 to 22-Mar-16) Already Paid
  • CLT : Annualised DPU = 8.0ct
  • FCT : Above Yield is Computed using last 4Qs DPU : 11.804ct = 2.87ct (Dec15) + 2.859ct (Sep15) + 3.040ct (Jun16) + 3.039ct (Mar16) ; Jun16 DPU Incl. $2.1M Retained in Prior Qs
  • FirstREIT : Annualised DPU = 8.49ct
  • SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.33ct (Nov15) + 1.39ct (Aug15) + 1.36ct (May16) + 1.40ct (Feb16) =5.48ct
  • Frasers Industrial & Logistics Trust : IPO Prospectus ; DPU : FY16 = 2.03ct (1-Jun-16 to 30-Sep-16) ; FY17 = 6.25ct ; Listing on 21-Jun-16 9AM @ $0.89 ; NAV Using Current Exchange Rate A$1 : S$1.0248 fm Yahoo Finance
  • Manulife REIT : IPO Prospectus ; DPU : FY16 = US3.65ct (1-May-16 to 31-Dec-16) @ 1.3592 Exchange Rate; FY17 = US5.87ct @ 1.3658 ; Gearing = 36.8% ; NAV = US$0.79 ; Listing on 20-May-16 2pm @ US$0.83
  • A-REIT : DPU = 4.296ct (18-Dec-15 to 31-Mar-16) + 3.06ct (1-Oct-15 to 17-Dec-15) Already Paid
  • BHG REIT : IPO Prospectus ; DPU : FY15 = 0.76ct (1-Nov-15 to 31-Dec-15) / 0.53ct if exclude sponsor waiver ; FY16 = 5.08ct / 3.56ct if exclude sponsor waiver ; Gearing = 33.5% ; NAV = $0.826 ; Listing on 11-Dec-15 2pm @ $0.80
  • OUE H-Trust : Rights Circular dated 15-Mar-16 ; 33-for-100 Rights Issue @ $0.54 (TERP = $0.7092 @ $0.765) ; Proforma FY15 DPU = 4.89cts <- 5.84ct ; NAV = $0.81 <- $0.90 ; Gearing = 37.8% <- 42%
  • IREIT Global : Rights Circular ; 45-for-100 Rights Issue @ $0.468 (TERP = $0.7004 @ $0.805) ; Proforma FY14 DPU = €1.53cts (Same as Actual) ; NAV = €0.48 -> €0.41 ; Gearing 31.8% -> 43.7%
  • Keppel DC REIT : IPO Prospectus ; DPU : FY15 = 6.36ct ; FY16 = 6.65ct ; Gearing = 27.8% ; NAV = $0.87 ; Listing on 11-Dec-14 2pm @ $0.88
  • IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88

    
 

Shipping Trusts (non-REITs)

Trust

Period

Mkt

DPU cts

Yield

NAV

Assets Type

FSL Trust^

Q2 – Jun16

$0.179

0.00

0.000%

$0.450

Shipping Trust

RickmersMaritime

Q2 – Jun16

$0.063

0.00

0.000%

$0.350

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3639 : US$1 fm Yahoo Finance)
  • Rickmers : DPU Suspended fm Q315
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13

     
 

Other Trusts (non-REITs)

Trust

Period

Mkt

DPU cts

Yield

NAV

Assets Type

Kep Infra Tr

Q2 – Jun16

$0.500

0.93

7.440%

$0.324

Infrastructure

Ascendas-iTrust

Q1 – Jun16

$1.080

1.36

5.037%

$0.650

India – Industrial Park (6)

Indiabulls Trust

2H – Mar16

$0.255

0.00

0.250%

$1.710

India – Office

HPH Trust USD

1H – Jun16

$0.430

14.00

9.804%

HK$4.66

Ports – HK (41%) + China (59%) by Revenue

RHT HealthTrust

Q1 – Jun16

$1.025

1.79

6.985%

$0.882

India – Healthcare (18)

Croesus Rtrust

2H – Jun16

$0.865

1.70

7.908%

Y76.87

Japan – Retail (11)

Asian Pay TV Tr

Q2 – Jun16

$0.545

1.63

11.927%

$0.810

Taiwan PayTV

Accordia Golf Tr

Q1 – Jun16

$0.660

1.82

10.045%

$0.960

Japan Golf Courses – 89

NOTES :

  • CroesusRT : Exchange Rate Y100 = S$1.3197 ; Annualised DPU = 6.84ct ; Actual Payout = 1.61ct (4-Apr-16 to 30-Jun-16) ; Hedged Rate – FY16 @ Y85.01 ; FY17 @ Y83.57 ; FY18 @ Y76.39
  • Accordia : : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield Computed Using DPU = 6.63ct = 4.31ct (2H16 – Mar16) + 2.32ct (1H16 – Sep15)
  • APTT : Above Yield uses DPU = 6.5ct as FY16 Guidance = 6.5ct to 7ct (1.625ct/Q ; Q4 May Have Additional DPU)
  • RHT : DPU Not Paid as Semi-Annual Payout Policy
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.77570 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun16) = HK14.0ct + 2H (Dec15) = HK18.7ct
  • a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
  • Religare : FY17 DPU Payout Reduced to 95% from current 100%
  • Indiabulls : Yield Computed Using 0ct (2H16) + 0.0638ct (1H16)
  • APTT : FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Indiabulls : Maiden DPU on 1H (Sep12) Declared since Listing on 11-Jun-08
August 31, 2016 Yield Comments Off on August 2016

July 2016

 

Results Announcement

  • 7 Jul 16 : SPHREIT (Updated)
  • 13 Jul 16 : SB REIT (Updated)
  • 14 Jul 16 : FirstREIT (Updated)
  • 15 Jul 16 : FCT (Updated)
  • 18 Jul 16 : Keppel DC REIT (Updated)
  • 18 Jul 16 : KIT (Updated)
  • 19 Jul 16 : KeppelREIT (Updated)
  • 20 Jul 16 (AM) : CCT (Updated)
  • 20 Jul 16 : AscottREIT (Updated)
  • 20 Jul 16 : CLT (Updated)
  • 21 Jul 16 : A-REIT (Updated)
  • 21 Jul 16 : Suntec (Updated)
  • 22 Jul 16 (AM) : Cambridge (Updated)
  • 22 Jul 16 (AM) : CMT (Updated)
  • 22 Jul 16 : FCOT (Updated)
  • 22 Jul 16 : Sabana (Updated)
  • 22 Jul 16 : a-iTrust (Updated)
  • 25 Jul 16 : Fortune (Updated)
  • 25 Jul 16 : MLT (Updated)
  • 26 Jul 16 (AM) : AIMSAMPReit (Updated)
  • 26 Jul 16 (AM) : PLife (Updated)
  • 26 Jul 16 : MCT (Updated)
  • 26 Jul 16 : MIT (Updated)
  • 27 Jul 16 (AM) : VIT (Updated)
  • 27 Jul 16 (AM) : CRCT (Updated)
  • 27 Jul 16 : HPHT (Updated)
  • 29 Jul 16 (AM) : FE-HTrust (Updated)
  • 29 Jul 16 (AM) : CDL H-Trust (Updated)
  • 29 Jul 16 : MGCT (Updated)
  • 29 Jul 16 : FHT (Updated)
  • 29 Jul 16 : YTL Starhill (Updated)
  • 1 Aug 16 : OUE H-Trust
  • 2 Aug 16 : OUE C-REIT
  • 3 Aug 16 : Religare
  • 4 Aug 16 : LMIR
  • 4 Aug 16 : A-HTrust
  • 4 Aug 16 : FSL
  • 5 Aug 16 : Rickmers
  • 10 Aug 16 : IREIT Global
  • 12 Aug 16 (AM) : APTT
  • 26 Aug 16 (AM) : CRT

 

 

REITs : Average Yield = 6.899% (Excludes Saizen)

REIT

Period

Mkt

DPU cts

Yield

NAV

Gearing

Assets Type

SoilbuildBizREIT

Q2 – Jun16

$0.670

1.565

9.343%

$0.790

35.90%

Industrial (11) : Business Park 34% + Industrial 66% by NPI

Sabana REIT

Q2 – Jun16

$0.530

1.230

9.340%

$0.800

41.20%

Industrial (21)

Cache Log Trust

Q2 – Jun16

$0.865

1.989

9.249%

$0.870

39.80%

Industrial (19) : Singapore (85%) + Australia (14%) + China (1%) by Gross Revenue

Viva Ind Tr

Q2 – Jun16

$0.765

1.750

9.200%

$0.807

40.00%

Biz Park (59%) + Light Industrial (25%) + Hotel (10%) + Logistics (6%) by Revenue

Lippo Malls Tr

Q1 – Mar16

$0.375

0.830

8.853%

$0.379

35.70%

Retail (Indonesia) – 19

IREIT Global

Q1 – Mar16

$0.750

1.580

8.427%

$0.616

43.10%

Offices : Germany (5)

Cambridge Ind Tr

Q2 – Jun16

$0.550

1.078

7.840%

$0.669

37.40%

Industrial (51)

AIMSAMP Cap Reit

Q1 – Jun16

$1.470

2.750

7.721%

$1.475

33.10%

Industrial (26) : Singapore + Australia

FHT

Q3 – Jun16

$0.785

1.513

7.708%

$0.800

38.30%

Hotel (60.7%) + Serviced Apt (39.3%) : Australia (29%) + Singapore (27%) + UK (20%) + Japan (15%) + Malaysia (5%) + Germany (4%) by NPI

OUE COMMERCIAL REIT

Q1 – Mar16

$0.685

1.320

7.708%

$0.910

40.50%

Office (85.5%) + Retail (14.5%) by Revenue ; Singapore (78.2%) + China (21.8%) by Gross Rental Income

Ascendas-hTrust

2H – Mar16

$0.745

2.750

7.383%

$0.860

32.70%

Hotels (11) : Australia (54.5%) + Japan (21.3%) + Singapore (16.1%) + China (8.1%) by NPI

Frasers Com Tr

Q3 – Jun16

$1.340

2.410

7.231%

$1.500

36.30%

Singapore (55.3%) + Australia (44.7%) by NPI

BHG Retail Reit

Q1 – Mar16

$0.685

1.500

7.136%

$0.800

29.50%

Retail (China) – 5

Ascott Reit

1H – Jun16

$1.130

3.875

7.091%

$1.320

41.00%

Serviced Apts (90) : Key Mkt (87.9%) + R.O.W (12.1%) by Valuation

CapitaR China Tr

1H – Jun16

$1.525

5.320

7.016%

$1.550

29.20%

Retail (China) – 10

Mapletree Log Tr

Q1 – Jun16

$1.055

1.850

7.014%

$1.000

35.70%

Industrial (118)

Far East HTrust

Q2 – Jun16

$0.640

1.010

6.969%

$0.929

32.80%

Hotels (64.4%) + Commercial (22.0%) + Serviced Apts (13.6%) by Revenue

Mapletree GCC Tr

Q1 – Jun16

$1.075

1.850

6.884%

$1.183

40.10%

Retail + Office : HK (67.8%) + China (32.2%) by NPI

OUE Htrust

Proforma FY15 (Rights)

$0.730

4.890

6.699%

$0.810

37.80%

Hotel (79.2%) + Retail (20.8%) by NPI

CDL Htrust

1H – Jun16

$1.470

4.450

6.680%

$1.573

36.30%

Hotels : Singapore (61.3%) + Australia (11.2%) + Maldives (8.9%) + NZ (8.1%) + Japan (4.6%) + UK (5.9%) by NPI

First REIT

Q2 – Jun16

$1.300

2.110

6.531%

$1.031

34.40%

Hospitals (12 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

StarhillGbl Reit

Q4 – Jun16

$0.800

1.290

6.475%

$0.910

35.00%

Retail (86.6%) + Office (13.4%) ; Singapore (61.9%) + Australia (22.6%) + Malaysia (12.1%) + China (1.9%) + Japan (1.5%) by Revenue

ManulifeREIT USD

FY16 – IPO

$0.850

3.650

6.397%

$0.780

36.80%

Offices : USA (3)

Mapletree Ind Tr

Q1 – Jun16

$1.810

2.850

6.298%

$1.370

28.20%

Industrial (85)

Ascendas Reit

Q1 – Jun16

$2.450

3.996

6.221%

$2.000

37.00%

Industrial : Singapore (85%) + Australia (11%) + China (4%) by Valuation

Frasers L&I Tr

FY16 – IPO

$0.990

2.030

6.135%

$0.876

25.70%

Industrial (Australia) – 51

Suntec Reit

Q2 – Jun16

$1.670

2.501

6.074%

$2.101

34.70%

Retail (40%) + Office (41%) + Convention (19%) by Revenue

Keppel Reit

Q2 – Jun16

$1.065

1.610

6.047%

$1.410

39.00%

Office (8) : Singapore (90%) + Australia (10%) by Asset Value

CapitaCom Trust

1H – Jun16

$1.505

4.390

5.834%

$1.720

29.80%

Office (68%) + Retail (19%) + Hotel (13%) by Gross Rental Income

SPHREIT

Q3 – May16

$0.965

1.360

5.679%

$0.940

25.70%

Retail (2)

Keppel DC REIT

1H – Jun16

$1.210

3.340

5.521%

$0.884

29.10%

Data Centres – 9 + 1 (Under Devt)

Frasers Cpt Tr

Q3 – Jun16

$2.140

3.040

5.518%

$1.900

28.50%

Retail (6) + 31.17% of Hektar (MREIT)

CapitaMall Trust

Q2 – Jun16

$2.140

2.740

5.294%

$1.870

35.30%

Retail (16) + Office

Mapletree Com Tr

Q1 – Jun16

$1.585

2.030

5.142%

$1.294

35.00%

Retail (68.5%) + Office (31.5%) by NPI

Fortune Reit HKD

1H – Jun16

$9.910

24.780

5.001%

$12.770

29.80%

Retail (HK) – 17

ParkwayLife Reit

Q2 – Jun16

$2.550

3.010

4.722%

$1.640

37.80%

Hospitals + Nursing Homes = 48 : Singapore 59% + Japan 41% by Gross Revenue

Saizen REIT

2H – Jun15

$0.101

2.930

0.000%

$1.210

35.00%

Residential (Japan) – 136

NOTES :

  • Mkt Price is as on 29-Jul-16
  • FHT : DPU Not Paid as Semi-Annual Payout Policy
  • MGCT : DPU Not Paid as Semi-Annual Payout Policy
  • YTL StarHill : Above Yield is Computed using last 4Qs DPU : 5.18ct = 1.32ct (Dec15) + 1.31ct (Sep15) + 1.29ct (Jun16) + 1.26ct (Mar16)
  • FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.46ct = 1.17ct (Dec15) + 1.20ct (Sep15) + 1.01ct (Jun16) + 1.08ct (Mar16)
  • CDL H-Trust : Above Yield is Computed using last 4Qs DPU : 9.82ct = 5.37ct (2H15) + 4.45ct (1H16)
  • CRCT : Annualised DPU = 10.70ct
  • VIT : Annualised DPU = 7.038ct
  • MCT : Above Yield is Computed using last 4Qs DPU : 8.15ct = 2.08ct (Dec15) + 2.02ct (Sep15) + 2.03ct (Jun16) + 2.02ct (Mar16)
  • PLife : Annualised DPU = 12.04ct
  • AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 11.35ct = 2.85ct (Dec15) + 2.80ct (Sep15) + 2.75ct (Jun16) + 2.95ct (Mar16)
  • MLT : Includes 0.06ct Divestment Gain for 8 Qs & 0.2ct for 4Qs from Sep-15 ie DPU = 1.79ct (Jun-16) if Excl Divestment Gains
  • Sabana : Annualised DPU = 4.95ct
  • FCOT : Annualised DPU = 9.69ct ; Includes $0.9m from China Square Land for Hotel Payment
  • CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar16) + 2.88ct (Dec15) + 2.98ct (Sep15) + 2.74ct (Jun16) = 11.33ct
  • Cambridge : Annualised DPU = 4.312ct
  • A-REIT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield is Computed Using latest 4Qs DPU = 15.241ct = 3.889ct (Q216) + 7.356ct (2H16) + 3.996ct (Q117)
  • Suntec : Above Yield is Computed Using latest 4Qs DPU = 10.144ct = 2.75ct (Q415) + 2.522ct (Q315) + 2.501ct (Q216) + 2.371ct (Q116)
  • AscottREIT : Above Yield Uses Latest 4Qs DPU = 3.875ct (1H16)) + 4.138ct (2H15) = 8.013ct ; Actual DPU Payout = 2.29ct (23-Mar-16 to 30-Jun-16) as Advanced DPU = 1.585ct (1-Jan-16 to 22-Mar-16) Already Paid
  • CLT : Annualised DPU = 8.0ct
  • FCT : Above Yield is Computed using last 4Qs DPU : 11.804ct = 2.87ct (Dec15) + 2.859ct (Sep15) + 3.040ct (Jun16) + 3.039ct (Mar16) ; Jun16 DPU Incl. $2.1M Retained in Prior Qs
  • FirstREIT : Annualised DPU = 8.49ct
  • SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.33ct (Nov15) + 1.39ct (Aug15) + 1.36ct (May16) + 1.40ct (Feb16) =5.48ct
  • Frasers Industrial & Logistics Trust : IPO Prospectus ; DPU : FY16 = 2.03ct (1-Jun-16 to 30-Sep-16) ; FY17 = 6.25ct ; Listing on 21-Jun-16 9AM @ $0.89 ; NAV Using Current Exchange Rate A$1 : S$1.020 fm Yahoo Finance
  • Manulife REIT : IPO Prospectus ; DPU : FY16 = US3.65ct (1-May-16 to 31-Dec-16) @ 1.3592 Exchange Rate; FY17 = US5.87ct @ 1.3658 ; Gearing = 36.8% ; NAV = US$0.79 ; Listing on 20-May-16 2pm @ US$0.83
  • BHG REIT : DPU Not Paid as Semi-Annual Payout Policy ; Above DPU for the Period 11-Dec-15 to 31-Mar-16
  • IREIT : DPU Not Paid as Semi-Annual Payout Policy
  • OUE C-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • OUE H-Trust : Actual DPU Payout = 1.1ct (1.47ct if Rights Shares Not Entitled) ; Above Yield Uses Proforma FY15 DPU from Rights Circular
  • A-REIT : DPU = 4.296ct (18-Dec-15 to 31-Mar-16) + 3.06ct (1-Oct-15 to 17-Dec-15) Already Paid
  • IREIT : DPU 80% Hedged @ €1 : S$1.52 for FY16
  • BHG REIT : IPO Prospectus ; DPU : FY15 = 0.76ct (1-Nov-15 to 31-Dec-15) / 0.53ct if exclude sponsor waiver ; FY16 = 5.08ct / 3.56ct if exclude sponsor waiver ; Gearing = 33.5% ; NAV = $0.826 ; Listing on 11-Dec-15 2pm @ $0.80
  • Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
  • OUE H-Trust : Rights Circular dated 15-Mar-16 ; 33-for-100 Rights Issue @ $0.54 (TERP = $0.7092 @ $0.765) ; Proforma FY15 DPU = 4.89cts <- 5.84ct ; NAV = $0.81 <- $0.90 ; Gearing = 37.8% <- 42%
  • IREIT Global : Rights Circular ; 45-for-100 Rights Issue @ $0.468 (TERP = $0.7004 @ $0.805) ; Proforma FY14 DPU = €1.53cts (Same as Actual) ; NAV = €0.48 -> €0.41 ; Gearing 31.8% -> 43.7%
  • Keppel DC REIT : IPO Prospectus ; DPU : FY15 = 6.36ct ; FY16 = 6.65ct ; Gearing = 27.8% ; NAV = $0.87 ; Listing on 11-Dec-14 2pm @ $0.88
  • IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
  • FHT : IPO Prospectus ; DPU : FY14 (1-Apr-14 to 30-Sep-14) = 3.04ct / 2.86ct if Exclude Top Up ; FY15 = 6.16ct (5.72ct if Exclude) ; Gearing = 41.7% ; NAV = $0.83 ; Listing on 14-Jul-14 2pm @ $0.88
  • OUE C-REIT : IPO Prospectus ; DPU : FY14 = 5.44ct / 4.45ct if Exclude Income Support ; FY15 = 5.51ct (4.6ct if Exclude) ; Gearing = 42.3% ; NAV = $1.043 ; Listing on 27-Jan-14 2pm @ $0.88
  • Viva Industrial Trust : IPO Prospectus ; DPU : FY13 = 3.42ct (1-Jul-13 to 31-Dec-13) / 2.23ct if Exclude Income Support ; FY14 = 6.87ct (4.79ct if Exclude) ; FY15 = 7.03ct (5.19ct if Exclude) ; Gearing = 40.2% ; NAV = $0.74 ; Listing on 4-Nov-13 2pm @ $0.78

    
 

Shipping Trusts (non-REITs)

Trust

Period

Mkt

DPU cts

Yield

NAV

Assets Type

FSL Trust^

Q1 – Mar16

$0.179

0.00

0.000%

$0.440

Shipping Trust

RickmersMaritime

Q1 – Mar16

$0.079

0.00

0.000%

$0.410

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3438 : US$1 fm Yahoo Finance)
  • Rickmers
    : DPU Suspended fm Q315
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13

     
 

Other Trusts (non-REITs)

Trust

Period

Mkt

DPU cts

Yield

NAV

Assets Type

Kep Infra Tr

Q2 – Jun16

$0.505

0.93

7.366%

$0.324

Infrastructure

Ascendas-iTrust

Q1 – Jun16

$1.015

1.36

5.360%

$0.650

India – Industrial Park (6)

Indiabulls Trust

2H – Mar16

$0.255

0.00

0.250%

$1.710

India – Office

HPH Trust USD

1H – Jun16

$0.475

14.00

8.873%

HK$4.66

Ports – HK (41%) + China (59%) by Revenue

Religare Htrust

2H – Mar16

$1.010

3.82

7.564%

$0.927

India – Healthcare (18)

Croesus Rtrust

Q3 – Mar16

$0.855

1.86

8.819%

Y73.65

Japan – Retail (8)

Asian Pay TV Tr

Q1 – Mar16

$0.565

1.63

11.504%

$0.820

Taiwan PayTV

Accordia Golf Tr

2H – Mar16

$0.670

4.31

9.896%

$0.890

Japan Golf Courses – 89

NOTES :

  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7587 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun16) = HK14.0ct + 2H (Dec15) = HK18.7ct
  • a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
  • Accordia : Above Yield Computed Using DPY = 6.63ct = 4.31ct (2H16 – Mar16) + 2.32ct (1H16 – Sep15)
  • Religare
    : FY17 DPU Payout Reduced to 95% from current 100%
  • CroesusRT : Exchange Rate Y100 = S$1.3097 ; Annualised DPU = 7.54ct ; Hedged Rate – FY16 @ Y85.01 ; FY17 @ Y83.95 ; FY18 @ Y76.43
  • APTT : Above Yield uses DPU = 6.5ct as FY16 Guidance = 6.5ct to 7ct (1.625ct/Q ; Q4 May Have Additional DPU)
  • Indiabulls : Yield Computed Using 0ct (2H16) + 0.0638ct (1H16)
  • RHT : DPU Not Paid as Semi-Annual Payout Policy
  • APTT
    : FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia Golf Trust : IPO Prospectus ; DPU : FY15 (1-Aug-14 to 31-Mar-15) = 6.2ct / Annualised = 6.8ct (Excl. Non-Recurring) – Used in Above Yield Computation or 8.8ct (Incl Non-Recurring) ; Gearing & NAV Computed Using IPO Prospectus Figures ; Listing on 1-Aug-14 2pm @ $0.97
  • Forterra : Delisted on 13-Feb-15 9AM
  • PCRT : Delisted on 5-Feb-15 9AM
  • APTT : Prospectus ; IPO @ $0.97 ; FY13 DPU = 7.29ct Yield = 7.51% ; FY14 DPU = 8.25ct Yield = 8.51% ; List on 29-May-13 2pm
  • Croesus : Prospectus ; IPO @ $0.93 ; FY14 DPU = 7.39ct Yield = 7.946% ; FY15 DPU = 7.49ct Yield = 8.054% ; Gearing = 43.7% ; List on 10-May-13 2pm
  • Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
  • Indiabulls : Maiden DPU on 1H (sep12) Declared since Listing on 11-Jun-08
July 29, 2016 Yield Comments Off on July 2016

June 2016

 

REITs : Average Yield = 7.138% (Excludes Saizen)

REIT

Period

Mkt

DPU cts

Yield

NAV

Gearing

Assets Type

Sabana REIT

Q1 – Mar16

$0.525

1.330

10.190%

$0.870

39.60%

Industrial (21)

Cache Log Trust

Q1 – Mar16

$0.860

2.039

9.536%

$0.880

39.60%

Industrial (19) : Singapore (85%) + Australia (14%) + China (1%) by Gross Revenue

Lippo Malls Tr

Q1 – Mar16

$0.350

0.830

9.486%

$0.379

35.70%

Retail (Indonesia) – 19

Viva Ind Tr

Q1 – Mar16

$0.710

1.638

9.279%

$0.811

37.60%

Biz Park (61%) + Light Industrial (22.3%) + Hotel (14.2%) + Logistics (2.5%) by Valuation

SoilbuildBizREIT

Q1 – Mar16

$0.685

1.557

9.092%

$0.790

36.00%

Industrial (11) : Business Park 34% + Industrial 66% by NPI

IREIT Global

Q1 – Mar16

$0.730

1.580

8.658%

$0.612

43.10%

Offices : Germany (5)

Ascendas-hTrust

2H – Mar16

$0.675

2.750

8.148%

$0.860

32.70%

Hotels (11) : Australia (54.5%) + Japan (21.3%) + Singapore (16.1%) + China (8.1%) by NPI

AIMSAMP Cap Reit

Q4 – Mar16

$1.395

2.950

8.136%

$1.478

32.40%

Industrial (26) : Singapore + Australia

Cambridge Ind Tr

Q1 – Mar16

$0.550

1.112

8.087%

$0.671

37.10%

Industrial (51)

FHT

1H – Mar16

$0.770

3.051

7.924%

$0.851

39.30%

Hotel (60.7%) + Serviced Apt (39.3%) : Australia (31%) + Singapore (29%) + UK (15%) + Japan (16%) + Malaysia (9%) by NPI

OUE COMMERCIAL REIT

Q1 – Mar16

$0.675

1.320

7.822%

$0.910

40.50%

Office (85.5%) + Retail (14.5%) by Revenue ; Singapore (78.2%) + China (21.8%) by Gross Rental Income

Frasers Com Tr

Q2 – Mar16

$1.275

2.453

7.710%

$1.530

36.20%

Singapore (63.5%) + Australia (36.5%) by NPI

Far East HTrust

Q1 – Mar16

$0.610

1.080

7.557%

$0.932

32.70%

Hotels (65.5%) + Commercial (21.0%) + Serviced Apts (13.5%) by Revenue

Mapletree GCC Tr

2H – Mar16

$1.010

3.771

7.467%

$1.239

39.50%

Retail + Office : HK (67.5%) + China (32.5%) by NPI

Ascott Reit

Q1 – Mar16

$1.090

1.760

7.326%

$1.340

38.90%

Serviced Apts (89) : Key Mkt (87.6%) + R.O.W (12.4%) by Valuation

CapitaR China Tr

Q1 – Mar16

$1.500

2.710

7.267%

$1.640

28.70%

Retail (China) – 10

Mapletree Log Tr

Q4 – Mar16

$1.000

1.800

7.200%

$1.000

39.60%

Industrial (118)

OUE Htrust

Proforma FY15 (Rights)

$0.685

4.890

7.139%

$0.810

37.80%

Hotel (79.2%) + Retail (20.8%) by NPI

CDL Htrust

Q1 – Mar16

$1.410

2.220

6.979%

$1.553

36.70%

Hotels : Singapore (61%) + Australia (11.4%) + Maldives (10.9%) + NZ (8.5%) + Japan (4.3%)+ UK (3.9%) by NPI

First REIT

Q1 – Mar16

$1.250

2.110

6.792%

$1.033

34.00%

Hospitals (12 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

ManulifeREIT USD

FY16 – IPO

$0.810

3.650

6.713%

$0.780

36.80%

Offices : USA (3)

BHG Retail Reit

Q1 – Mar16

$0.735

1.500

6.651%

$0.800

29.50%

Retail (China) – 5

StarhillGbl Reit

Q3 – Mar16

$0.785

1.260

6.599%

$0.890

35.40%

Retail (86.3%) + Office (13.7%) ; Singapore (61.7%) + Australia (22.5%) + Malaysia (12.1%) + China (2.2%) + Japan (1.5%) by Revenue

Mapletree Ind Tr

Q4 – Mar16

$1.720

2.810

6.535%

$1.370

28.20%

Industrial (85)

Keppel Reit

Q1 – Mar16

$1.050

1.680

6.400%

$1.420

39.00%

Office : Singapore (90%) + Australia (10%) by Asset Value

Frasers L&I Tr

FY16 – IPO

$0.950

2.030

6.393%

$0.859

25.70%

Industrial (Australia) – 51

Keppel DC REIT

Q1 – Mar16

$1.110

1.670

6.018%

$0.902

29.60%

Data Centres – 9 + 1 (Under Devt)

Ascendas Reit

2H – Mar16

$2.480

7.356

5.932%

$2.020

37.20%

Industrial : Singapore (103) + Australia (27) + China (3)

CapitaCom Trust

Q1 – Mar16

$1.475

2.180

5.912%

$1.720

30.10%

Office (68%) + Retail (19%) + Hotel (13%) by Gross Rental Income

SPHREIT

Q2 – Feb16

$0.930

1.400

5.882%

$0.940

25.70%

Retail (2)

Suntec Reit

Q1 – Mar16

$1.770

2.371

5.731%

$2.114

36.00%

Retail + Office

Frasers Cpt Tr

Q2 – Mar16

$2.130

3.039

5.542%

$1.910

28.30%

Retail (6) + 31.17% of Hektar (MREIT)

Mapletree Com Tr

Q4 – Mar16

$1.480

2.020

5.493%

$1.300

35.10%

Retail (68.9%) + Office (31.1%) by NPI

CapitaMall Trust

Q1 – Mar16

$2.130

2.730

5.305%

$1.860

35.50%

Retail (16) + Office

Fortune Reit HKD

2H – Dec15

$9.200

23.500

5.109%

$12.760

30.10%

Retail (HK) – 17

ParkwayLife Reit

Q1 – Mar16

$2.420

2.990

4.942%

$1.650

36.40%

Hospitals + Nursing Homes = 48 : Singapore 61% + Japan 38% by Gross Revenue

Saizen REIT

2H – Jun15

$0.098

2.930

0.000%

$1.210

35.00%

Residential (Japan) – 136

NOTES :

  • Mkt Price is as on 30-Jun-16
  • Frasers Industrial & Logistics Trust : IPO Prospectus ; DPU : FY16 = 2.03ct (1-Jun-16 to 30-Sep-16) ; FY17 = 6.25ct ; Listing on 21-Jun-16 9AM @ $0.89 ; NAV Using Current Exchange Rate A$1 : S$1.0005 fm Yahoo Finance
  • Manulife REIT : IPO Prospectus ; DPU : FY16 = US3.65ct (1-May-16 to 31-Dec-16) @ 1.3592 Exchange Rate; FY17 = US5.87ct @ 1.3658 ; Gearing = 36.8% ; NAV = US$0.79 ; Listing on 20-May-16 2pm @ US$0.83
  • BHG REIT : DPU Not Paid as Semi-Annual Payout Policy ; Above DPU for the Period 11-Dec-15 to 31-Mar-16
  • IREIT : DPU Not Paid as Semi-Annual Payout Policy
  • OUE C-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • OUE H-Trust : Actual DPU Payout = 1.1ct (1.47ct if Rights Shares Not Entitled) ; Above Yield Uses Proforma FY15 DPU from Rights Circular
  • A-REIT : DPU = 4.296ct (18-Dec-15 to 31-Mar-16) + 3.06ct (1-Oct-15 to 17-Dec-15) Already Paid
  • CDL H-Trust : Above Yield is Computed using last 4Qs DPU : 9.84ct = 2.22ct (Q116) + 5.37ct (2H15) + 2.25ct (Q215) ; DPU Not Paid as Semi-Annual Payout Policy
  • MLT : Includes 0.4ct Divestment Gain for 8 Qs & 0.2ct for 4Qs from Sep-15 ie DPU = 1.74ct (Mar-16) if Excl Divestment Gains
  • Cambridge : Annualised DPU = 4.448ct
  • VIT : Annualised DPU = 6.588ct
  • FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.61ct = 1.17ct (Dec15) + 1.20ct (Sep15) + 1.16ct (Jun15) + 1.08ct (Mar16)
  • AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 11.35ct = 2.85ct (Dec15) + 2.80ct (Sep15) + 2.75ct (Jun15) + 2.95ct (Mar16)
  • MCT : Above Yield is Computed using last 4Qs DPU : 8.13ct = 2.08ct (Dec15) + 2.02ct (Sep15) + 2.01ct (Jun15) + 2.02ct (Mar16)
  • PLife : Annualised DPU = 11.96ct
  • CLT : Annualised DPU = 8.201ct
  • YTL StarHill : Above Yield is Computed using last 4Qs DPU : 5.18ct = 1.32ct (Dec15) + 1.31ct (Sep15) + 1.29ct (Jun15) + 1.26ct (Mar16)
  • FCT : Above Yield is Computed using last 4Qs DPU : 11.804ct = 2.87ct (Dec15) + 2.859ct (Sep15) + 3.036ct (Jun15) + 3.039ct (Mar16)
  • Suntec : Above Yield is Computed Using lates 4Qs DPU = 10.143ct = 2.75ct (Q415) + 2.522ct (Q315) + 2.5ct (Q215) + 2.371ct (Q116)
  • FCOT : Annualised DPU = 9.83ct ; Includes $0.6m from China Square Land for Hotel Payment
  • Sabana : Annualised DPU = 5.35ct
  • FirstREIT : Annualised DPU = 8.49ct
  • CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar16) + 2.88ct (Dec15) + 2.98ct (Sep15) + 2.71ct (Jun15)
  • AscottREIT : DPU Not Paid as Semi-Annual Payout Policy ; Advanced DPU = 1.585ct (1-Jan-16 to 22-Mar-16) Already Paid ; Above Yield Uses Latest 4Qs DPU = 1.76ct (Mar-16) + 4.138ct (2H15) + 2.087ct (Q215)
  • CCT : DPU Not Paid as Semi-Annual Payout Policy
  • CRCT : Annualised DPU = 10.28ct ; DPU Not Paid as Semi-Annual Payout Policy
  • Keppel DC REIT : DPU Not Paid as Semi-Annual Payout Policy
  • SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.33ct (Nov15) + 1.39ct (Aug15) + 1.35ct (May15) + 1.40ct (Feb16) =5.47ct
  • IREIT : DPU 80% Hedged @ €1 : S$1.52 for FY16
  • BHG REIT : IPO Prospectus ; DPU : FY15 = 0.76ct (1-Nov-15 to 31-Dec-15) / 0.53ct if exclude sponsor waiver ; FY16 = 5.08ct / 3.56ct if exclude sponsor waiver ; Gearing = 33.5% ; NAV = $0.826 ; Listing on 11-Dec-15 2pm @ $0.80
  • Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
  • OUE H-Trust : Rights Circular dated 15-Mar-16 ; 33-for-100 Rights Issue @ $0.54 (TERP = $0.7092 @ $0.765) ; Proforma FY15 DPU = 4.89cts <- 5.84ct ; NAV = $0.81 <- $0.90 ; Gearing = 37.8% <- 42%
  • IREIT Global : Rights Circular ; 45-for-100 Rights Issue @ $0.468 (TERP = $0.7004 @ $0.805) ; Proforma FY14 DPU = €1.53cts (Same as Actual) ; NAV = €0.48 -> €0.41 ; Gearing 31.8% -> 43.7%
  • Keppel DC REIT : IPO Prospectus ; DPU : FY15 = 6.36ct ; FY16 = 6.65ct ; Gearing = 27.8% ; NAV = $0.87 ; Listing on 11-Dec-14 2pm @ $0.88
  • IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
  • FHT : IPO Prospectus ; DPU : FY14 (1-Apr-14 to 30-Sep-14) = 3.04ct / 2.86ct if Exclude Top Up ; FY15 = 6.16ct (5.72ct if Exclude) ; Gearing = 41.7% ; NAV = $0.83 ; Listing on 14-Jul-14 2pm @ $0.88
  • OUE C-REIT : IPO Prospectus ; DPU : FY14 = 5.44ct / 4.45ct if Exclude Income Support ; FY15 = 5.51ct (4.6ct if Exclude) ; Gearing = 42.3% ; NAV = $1.043 ; Listing on 27-Jan-14 2pm @ $0.88
  • Viva Industrial Trust : IPO Prospectus ; DPU : FY13 = 3.42ct (1-Jul-13 to 31-Dec-13) / 2.23ct if Exclude Income Support ; FY14 = 6.87ct (4.79ct if Exclude) ; FY15 = 7.03ct (5.19ct if Exclude) ; Gearing = 40.2% ; NAV = $0.74 ; Listing on 4-Nov-13 2pm @ $0.78

    
 

Shipping Trusts (non-REITs)

Trust

Period

Mkt

DPU cts

Yield

NAV

Assets Type

FSL Trust^

Q1 – Mar16

$0.179

0.00

0.000%

$0.440

Shipping Trust

RickmersMaritime

Q1 – Mar16

$0.080

0.00

0.000%

$0.410

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3482 : US$1 fm Yahoo Finance)
  • Rickmers
    : DPU Suspended fm Q315
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13

     
 

Other Trusts (non-REITs)

Trust

Period

Mkt

DPU cts

Yield

NAV

Assets Type

Kep Infra Tr

Q1 – Mar16

$0.495

0.93

7.515%

$0.337

Infrastructure

Ascendas-iTrust

2H – Mar16

$0.990

2.76

5.576%

$0.690

India – Industrial Park (6)

Indiabulls Trust

2H – Mar16

$0.255

0.00

0.250%

$1.710

India – Office

HPH Trust USD

2H – Dec15

$0.455

18.70

9.744%

HK$4.76

Ports – HK (41%) + China (59%) by Revenue

Religare Htrust

2H – Mar16

$0.985

3.82

7.756%

$0.927

India – Healthcare (18)

Croesus Rtrust

Q3 – Mar16

$0.815

1.86

9.252%

Y73.65

Japan – Retail (8)

Asian Pay TV Tr

Q1 – Mar16

$0.530

1.63

12.264%

$0.820

Taiwan PayTV

Accordia Golf Tr

2H – Mar16

$0.600

4.31

11.050%

$0.890

Japan Golf Courses – 89

NOTES :

  • Accordia : Above Yield Computed Using DPY = 6.63ct = 4.31ct (2H16 – Mar16) + 2.32ct (1H16 – Sep15)
  • Religare
    : FY17 DPU Payout Reduced to 95% from current 100%
  • CroesusRT : Exchange Rate Y100 = S$1.3140 ; Annualised DPU = 7.54ct ; Hedged Rate – FY16 @ Y85.01 ; FY17 @ Y83.95 ; FY18 @ Y76.43
  • APTT : Above Yield uses DPU = 6.5ct as FY16 Guidance = 6.5ct to 7ct (1.625ct/Q ; Q4 May Have Additional DPU)
  • Indiabulls : Yield Computed Using 0ct (2H16) + 0.0638ct (1H16)
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7590 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec15) = HK18.7ct
  • RHT : DPU Not Paid as Semi-Annual Payout Policy
  • APTT
    : FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia Golf Trust : IPO Prospectus ; DPU : FY15 (1-Aug-14 to 31-Mar-15) = 6.2ct / Annualised = 6.8ct (Excl. Non-Recurring) – Used in Above Yield Computation or 8.8ct (Incl Non-Recurring) ; Gearing & NAV Computed Using IPO Prospectus Figures ; Listing on 1-Aug-14 2pm @ $0.97
  • Forterra : Delisted on 13-Feb-15 9AM
  • PCRT : Delisted on 5-Feb-15 9AM
  • APTT : Prospectus ; IPO @ $0.97 ; FY13 DPU = 7.29ct Yield = 7.51% ; FY14 DPU = 8.25ct Yield = 8.51% ; List on 29-May-13 2pm
  • Croesus : Prospectus ; IPO @ $0.93 ; FY14 DPU = 7.39ct Yield = 7.946% ; FY15 DPU = 7.49ct Yield = 8.054% ; Gearing = 43.7% ; List on 10-May-13 2pm
  • Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
  • Indiabulls : Maiden DPU on 1H (sep12) Declared since Listing on 11-Jun-08
June 30, 2016 Yield Comments Off on June 2016

May 2016

 

Results Announcement

  • 3 May 16 : LMIR (Updated)
  • 4 May 16 : FSL (Updated)
  • 5 May 16 : A-REIT (Updated)
  • 6 May 16 : OUE H-Trust (Updated)
  • 10 May 16 (AM) : APTT (Updated)
  • 12 May 16 : IREIT (Updated)
  • 12 May 16 : A-HTrust (Updated)
  • 12 May 16 : Saizen (Not Updated)
  • 12 May 16 : BHG (Updated)
  • 13 May 16 (AM) : CRT (Updated)
  • 25 May 16 : Religare (Updated)
  • 26 May 16 (AM) : Accordia (Updated)

 

 

 

REITs : Average Yield = 7.231% (Excludes Saizen)

REIT

Period

Mkt

DPU cts

Yield

NAV

Gearing

Assets Type

Lippo Malls Tr

Q1 – Mar16

$0.340

0.830

9.765%

$0.379

35.70%

Retail (Indonesia) – 19

Cache Log Trust

Q1 – Mar16

$0.865

2.039

9.481%

$0.880

39.60%

Industrial (19) : Singapore (85%) + Australia (14%) + China (1%) by Gross Revenue

Viva Ind Tr

Q1 – Mar16

$0.705

1.638

9.345%

$0.811

37.60%

Biz Park (61%) + Light Industrial (22.3%) + Hotel (14.2%) + Logistics (2.5%) by Valuation

Sabana REIT

Q1 – Mar16

$0.605

1.330

8.843%

$0.870

39.60%

Industrial (21)

SoilbuildBizREIT

Q1 – Mar16

$0.705

1.557

8.834%

$0.790

36.00%

Industrial (11) : Business Park 34% + Industrial 66% by NPI

IREIT Global

Q1 – Mar16

$0.720

1.580

8.778%

$0.630

43.10%

Offices : Germany (5)

Cambridge Ind Tr

Q1 – Mar16

$0.535

1.112

8.314%

$0.671

37.10%

Industrial (51)

AIMSAMP Cap Reit

Q4 – Mar16

$1.370

2.950

8.285%

$1.478

32.40%

Industrial (26) : Singapore + Australia

Ascendas-hTrust

2H – Mar16

$0.665

2.750

8.271%

$0.860

32.70%

Hotels (11) : Australia (54.5%) + Japan (21.3%) + Singapore (16.1%) + China (8.1%) by NPI

OUE COMMERCIAL REIT

Q1 – Mar16

$0.665

1.320

7.940%

$0.910

40.50%

Office (85.5%) + Retail (14.5%) by Revenue ; Singapore (78.2%) + China (21.8%) by Gross Rental Income

FHT

1H – Mar16

$0.770

3.051

7.924%

$0.851

39.30%

Hotel (60.7%) + Serviced Apt (39.3%) : Australia (31%) + Singapore (29%) + UK (15%) + Japan (16%) + Malaysia (9%) by NPI

Mapletree GCC Tr

2H – Mar16

$0.980

3.771

7.696%

$1.239

39.50%

Retail + Office : HK (67.5%) + China (32.5%) by NPI

Frasers Com Tr

Q2 – Mar16

$1.285

2.453

7.650%

$1.530

36.20%

Singapore (63.5%) + Australia (36.5%) by NPI

Far East HTrust

Q1 – Mar16

$0.610

1.080

7.557%

$0.932

32.70%

Hotels (65.5%) + Commercial (21.0%) + Serviced Apts (13.5%) by Revenue

Mapletree Log Tr

Q4 – Mar16

$0.975

1.800

7.385%

$1.000

39.60%

Industrial (118)

OUE Htrust

Proforma FY15 (Rights)

$0.665

4.890

7.353%

$0.810

37.80%

Hotel (79.2%) + Retail (20.8%) by NPI

CapitaR China Tr

Q1 – Mar16

$1.500

2.710

7.267%

$1.640

28.70%

Retail (China) – 10

CDL Htrust

Q1 – Mar16

$1.390

2.220

7.079%

$1.553

36.70%

Hotels : Singapore (61%) + Australia (11.4%) + Maldives (10.9%) + NZ (8.5%) + Japan (4.3%)+ UK (3.9%) by NPI

Mapletree Ind Tr

Q4 – Mar16

$1.610

2.810

6.981%

$1.370

28.20%

Industrial (85)

Ascott Reit

Q1 – Mar16

$1.145

1.760

6.974%

$1.340

38.90%

Serviced Apts (89) : Key Mkt (87.6%) + R.O.W (12.4%) by Valuation

ManulifeREIT USD

FY16 – IPO

$0.790

3.650

6.883%

$0.780

36.80%

Offices : USA (3)

First REIT

Q1 – Mar16

$1.260

2.110

6.738%

$1.033

34.00%

Hospitals (12 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

StarhillGbl Reit

Q3 – Mar16

$0.775

1.260

6.684%

$0.890

35.40%

Retail (86.3%) + Office (13.7%) ; Singapore (61.7%) + Australia (22.5%) + Malaysia (12.1%) + China (2.2%) + Japan (1.5%) by Revenue

Keppel Reit

Q1 – Mar16

$1.035

1.680

6.493%

$1.420

39.00%

Office : Singapore (90%) + Australia (10%) by Asset Value

Ascendas Reit

2H – Mar16

$2.290

7.356

6.424%

$2.020

37.20%

Industrial : Singapore (103) + Australia (27) + China (3)

BHG Retail Reit

Q1 – Mar16

$0.770

1.500

6.349%

$0.800

29.50%

Retail (China) – 5

CapitaCom Trust

Q1 – Mar16

$1.390

2.180

6.273%

$1.720

30.10%

Office (68%) + Retail (19%) + Hotel (13%) by Gross Rental Income

Keppel DC REIT

Q1 – Mar16

$1.080

1.670

6.185%

$0.902

29.60%

Data Centres – 9 + 1 (Under Devt)

Suntec Reit

Q1 – Mar16

$1.665

2.371

6.092%

$2.114

36.00%

Retail + Office

Frasers Cpt Tr

Q2 – Mar16

$2.020

3.039

5.844%

$1.910

28.30%

Retail (6) + 31.17% of Hektar (MREIT)

SPHREIT

Q2 – Feb16

$0.940

1.400

5.819%

$0.940

25.70%

Retail (2)

Mapletree Com Tr

Q4 – Mar16

$1.435

2.020

5.666%

$1.300

35.10%

Retail (68.9%) + Office (31.1%) by NPI

CapitaMall Trust

Q1 – Mar16

$2.030

2.730

5.567%

$1.860

35.50%

Retail (16) + Office

Fortune Reit HKD

2H – Dec15

$8.590

23.500

5.471%

$12.760

30.10%

Retail (HK) – 17

ParkwayLife Reit

Q1 – Mar16

$2.460

2.990

4.862%

$1.650

36.40%

Hospitals + Nursing Homes = 48 : Singapore 61% + Japan 38% by Gross Revenue

Saizen REIT

2H – Jun15

$0.091

2.930

0.000%

$1.210

35.00%

Residential (Japan) – 136

NOTES :

  • Mkt Price is as on 31-May-16
  • Manulife REIT : IPO Prospectus ; DPU : FY16 = US3.65ct (1-May-16 to 31-Dec-16) @ 1.3592 Exchange Rate; FY17 = US5.87ct @ 1.3658 ; Gearing = 36.8% ; NAV = US$0.79 ; Listing on 20-May-16 2pm @ US$0.83
  • BHG REIT : DPU Not Paid as Semi-Annual Payout Policy ; Above DPU for the Period 11-Dec-15 to 31-Mar-16
  • IREIT : DPU Not Paid as Semi-Annual Payout Policy
  • OUE C-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • OUE H-Trust : Actual DPU Payout = 1.1ct (1.47ct if Rights Shares Not Entitled) ; Above Yield Uses Proforma FY15 DPU from Rights Circular
  • A-REIT : DPU = 4.296ct (18-Dec-15 to 31-Mar-16) + 3.06ct (1-Oct-15 to 17-Dec-15) Already Paid
  • CDL H-Trust : Above Yield is Computed using last 4Qs DPU : 9.84ct = 2.22ct (Q116) + 5.37ct (2H15) + 2.25ct (Q215) ; DPU Not Paid as Semi-Annual Payout Policy
  • MLT : Includes 0.4ct Divestment Gain for 8 Qs & 0.2ct for 4Qs from Sep-15 ie DPU = 1.74ct (Mar-16) if Excl Divestment Gains
  • Cambridge : Annualised DPU = 4.448ct
  • VIT : Annualised DPU = 6.588ct
  • FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.61ct = 1.17ct (Dec15) + 1.20ct (Sep15) + 1.16ct (Jun15) + 1.08ct (Mar16)
  • AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 11.35ct = 2.85ct (Dec15) + 2.80ct (Sep15) + 2.75ct (Jun15) + 2.95ct (Mar16)
  • MCT : Above Yield is Computed using last 4Qs DPU : 8.13ct = 2.08ct (Dec15) + 2.02ct (Sep15) + 2.01ct (Jun15) + 2.02ct (Mar16)
  • PLife : Annualised DPU = 11.96ct
  • CLT : Annualised DPU = 8.201ct
  • YTL StarHill : Above Yield is Computed using last 4Qs DPU : 5.18ct = 1.32ct (Dec15) + 1.31ct (Sep15) + 1.29ct (Jun15) + 1.26ct (Mar16)
  • FCT : Above Yield is Computed using last 4Qs DPU : 11.804ct = 2.87ct (Dec15) + 2.859ct (Sep15) + 3.036ct (Jun15) + 3.039ct (Mar16)
  • Suntec : Above Yield is Computed Using lates 4Qs DPU = 10.143ct = 2.75ct (Q415) + 2.522ct (Q315) + 2.5ct (Q215) + 2.371ct (Q116)
  • FCOT : Annualised DPU = 9.83ct ; Includes $0.6m from China Square Land for Hotel Payment
  • Sabana : Annualised DPU = 5.35ct
  • FirstREIT : Annualised DPU = 8.49ct
  • CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar16) + 2.88ct (Dec15) + 2.98ct (Sep15) + 2.71ct (Jun15)
  • AscottREIT : DPU Not Paid as Semi-Annual Payout Policy ; Advanced DPU = 1.585ct (1-Jan-16 to 22-Mar-16) Already Paid ; Above Yield Uses Latest 4Qs DPU = 1.76ct (Mar-16) + 4.138ct (2H15) + 2.087ct (Q215)
  • CCT : DPU Not Paid as Semi-Annual Payout Policy
  • CRCT : Annualised DPU = 10.28ct ; DPU Not Paid as Semi-Annual Payout Policy
  • Keppel DC REIT : DPU Not Paid as Semi-Annual Payout Policy
  • SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.33ct (Nov15) + 1.39ct (Aug15) + 1.35ct (May15) + 1.40ct (Feb16) =5.47ct
  • IREIT : DPU 80% Hedged @ €1 : S$1.52 for FY16
  • BHG REIT : IPO Prospectus ; DPU : FY15 = 0.76ct (1-Nov-15 to 31-Dec-15) / 0.53ct if exclude sponsor waiver ; FY16 = 5.08ct / 3.56ct if exclude sponsor waiver ; Gearing = 33.5% ; NAV = $0.826 ; Listing on 11-Dec-15 2pm @ $0.80
  • Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
  • OUE H-Trust : Rights Circular dated 15-Mar-16 ; 33-for-100 Rights Issue @ $0.54 (TERP = $0.7092 @ $0.765) ; Proforma FY15 DPU = 4.89cts <- 5.84ct ; NAV = $0.81 <- $0.90 ; Gearing = 37.8% <- 42%
  • IREIT Global : Rights Circular ; 45-for-100 Rights Issue @ $0.468 (TERP = $0.7004 @ $0.805) ; Proforma FY14 DPU = €1.53cts (Same as Actual) ; NAV = €0.48 -> €0.41 ; Gearing 31.8% -> 43.7%
  • Keppel DC REIT : IPO Prospectus ; DPU : FY15 = 6.36ct ; FY16 = 6.65ct ; Gearing = 27.8% ; NAV = $0.87 ; Listing on 11-Dec-14 2pm @ $0.88
  • IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
  • FHT : IPO Prospectus ; DPU : FY14 (1-Apr-14 to 30-Sep-14) = 3.04ct / 2.86ct if Exclude Top Up ; FY15 = 6.16ct (5.72ct if Exclude) ; Gearing = 41.7% ; NAV = $0.83 ; Listing on 14-Jul-14 2pm @ $0.88
  • OUE C-REIT : IPO Prospectus ; DPU : FY14 = 5.44ct / 4.45ct if Exclude Income Support ; FY15 = 5.51ct (4.6ct if Exclude) ; Gearing = 42.3% ; NAV = $1.043 ; Listing on 27-Jan-14 2pm @ $0.88
  • Viva Industrial Trust : IPO Prospectus ; DPU : FY13 = 3.42ct (1-Jul-13 to 31-Dec-13) / 2.23ct if Exclude Income Support ; FY14 = 6.87ct (4.79ct if Exclude) ; FY15 = 7.03ct (5.19ct if Exclude) ; Gearing = 40.2% ; NAV = $0.74 ; Listing on 4-Nov-13 2pm @ $0.78

    
 

Shipping Trusts (non-REITs)

Trust

Period

Mkt

DPU cts

Yield

NAV

Assets Type

FSL Trust^

Q1 – Mar16

$0.181

0.00

0.000%

$0.440

Shipping Trust

RickmersMaritime

Q1 – Mar16

$0.079

0.00

0.000%

$0.410

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3791 : US$1 fm Yahoo Finance)
  • Rickmers
    : DPU Suspended fm Q315
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13

     
 

Other Trusts (non-REITs)

Trust

Period

Mkt

DPU cts

Yield

NAV

Assets Type

Kep Infra Tr

Q1 – Mar16

$0.510

0.93

7.294%

$0.337

Infrastructure

Ascendas-iTrust

2H – Mar16

$0.955

2.76

5.780%

$0.690

India – Industrial Park (6)

Indiabulls Trust

2H – Mar16

$0.255

0.00

0.250%

$1.710

India – Office

HPH Trust USD

2H – Dec15

$0.430

18.70

10.299%

HK$4.76

Ports – HK (41%) + China (59%) by Revenue

Religare Htrust

2H – Mar16

$1.015

3.82

7.527%

$0.927

India – Healthcare (18)

Croesus Rtrust

Q3 – Mar16

$0.805

1.86

9.366%

Y73.65

Japan – Retail (8)

Asian Pay TV Tr

Q1 – Mar16

$0.580

1.63

11.207%

$0.820

Taiwan PayTV

Accordia Golf Tr

2H – Mar16

$0.640

4.31

10.359%

$0.890

Japan Golf Courses – 89

NOTES :

  • Accordia : Above Yield Computed Using DPY = 6.63ct = 4.31ct (2H16 – Mar16) + 2.32ct (1H16 – Sep15)
  • Religare
    : FY17 DPU Payout Reduced to 95% from current 100%
  • CroesusRT : Exchange Rate Y100 = S$1.2415 ; Annualised DPU = 7.54ct ; Hedged Rate – FY16 @ Y85.01 ; FY17 @ Y83.95 ; FY18 @ Y76.43
  • APTT : Above Yield uses DPU = 6.5ct as FY16 Guidance = 6.5ct to 7ct (1.625ct/Q ; Q4 May Have Additional DPU)
  • Indiabulls : Yield Computed Using 0ct (2H16) + 0.0638ct (1H16)
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7679 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec15) = HK18.7ct
  • RHT : DPU Not Paid as Semi-Annual Payout Policy
  • APTT
    : FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia Golf Trust : IPO Prospectus ; DPU : FY15 (1-Aug-14 to 31-Mar-15) = 6.2ct / Annualised = 6.8ct (Excl. Non-Recurring) – Used in Above Yield Computation or 8.8ct (Incl Non-Recurring) ; Gearing & NAV Computed Using IPO Prospectus Figures ; Listing on 1-Aug-14 2pm @ $0.97
  • Forterra : Delisted on 13-Feb-15 9AM
  • PCRT : Delisted on 5-Feb-15 9AM
  • APTT : Prospectus ; IPO @ $0.97 ; FY13 DPU = 7.29ct Yield = 7.51% ; FY14 DPU = 8.25ct Yield = 8.51% ; List on 29-May-13 2pm
  • Croesus : Prospectus ; IPO @ $0.93 ; FY14 DPU = 7.39ct Yield = 7.946% ; FY15 DPU = 7.49ct Yield = 8.054% ; Gearing = 43.7% ; List on 10-May-13 2pm
  • Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
  • Indiabulls : Maiden DPU on 1H (sep12) Declared since Listing on 11-Jun-08
May 31, 2016 Yield Comments Off on May 2016

April 2016

 

Results Announcement

  • 4 Apr 16 : SPHREIT (Updated)
  • 13 Apr 16 : Keppel DC REIT (Updated)
  • 13 Apr 16 : CRCT (Updated)
  • 14 Apr 16 : SB REIT (Updated)
  • 14 Apr 16 : Keppel REIT (Updated)
  • 15 Apr 16 (AM) : CCT (Updated)
  • 15 Apr 16 : CMT (Updated)
  • 15 Apr 16 : AscottREIT (Updated)
  • 18 Apr 16 : Sabana (Updated)
  • 18 Apr 16 : FirstREIT (Updated)
  • 18 Apr 16 : HPH-Trust (Updated)
  • 21 Apr 16 (AM) : FCOT (Updated)
  • 21 Apr 16 : Suntec (Updated)
  • 22 Apr 16 (AM) : FCT (Updated)
  • 22 Apr 16 : CLT (Updated)
  • 22 Apr 16 : YTL Starhill (Updated)
  • 22 Apr 16 : Indiabulls (Updated)
  • 25 Apr 16 : MIT (Updated)
  • 26 Apr 16 (AM) : PLife (Updated)
  • 26 Apr 16 : MCT (Updated)
  • 27 Apr 16 (AM) : FE-HTrust (Updated)
  • 27 Apr 16 (AM) : AIMSAMPReit (Updated)
  • 27 Apr 16 : MGCT (Updated)
  • 27 Apr 16 : a-iTrust (Updated)
  • 28 Apr 16 (AM) : VIT (Updated)
  • 28 Apr 16 (AM) : CIT (Updated)
  • 29 Apr 16 (AM) : FHT (Updated)
  • 29 Apr 16 : CDL H-Trust (Updated)
  • 29 Apr 16 : MLT (Updated)
  • 30 Apr 16 : Rickmers (Updated)
  • 3 May 16 : LMIR
  • 4 May 16 : FSL
  • 5 May 16 : A-REIT
  • 6 May 16 : OUE H-Trust
  • 10 May 16 (AM) : APTT
  • 12 May 16 : IREIT
  • 12 May 16 : A-HTrust
  • 13 May 16 (AM) : CRT
  • 13 May 16 (AM) : Saizen
  • 26 May 16 (AM) : Accordia

 

 

 

REITs : Average Yield = 7.091% (Excludes Saizen)

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Lippo Malls Tr

Q4 – Dec15

0.810

$0.325

9.969%

$0.384

35.00%

Retail (Indonesia) – 19

Cache Log Trust

Q1 – Mar16

2.039

$0.865

9.481%

$0.880

39.60%

Industrial (19) : Singapore (85%) + Australia (14%) + China (1%) by Gross Revenue

Viva Ind Tr

Q1 – Mar16

1.638

$0.730

9.025%

$0.811

37.60%

Biz Park (61%) + Light Industrial (22.3%) + Hotel (14.2%) + Logistics (2.5%) by Valuation

SoilbuildBizREIT

Q1 – Mar16

1.557

$0.700

8.897%

$0.790

36.00%

Industrial (11) : Business Park 34% + Industrial 66% by NPI

Sabana REIT

Q1 – Mar16

1.330

$0.615

8.699%

$0.870

39.60%

Industrial (21)

IREIT Global

2H – Dec15

3.030

$0.725

8.359%

$0.627

42.60%

Offices : Germany (5)

Ascendas-hTrust

Q3 – Dec15

1.450

$0.700

8.286%

$0.720

38.20%

Hotels (11) : Australia (58%) + Japan (20%) + Singapore (14%) + China (8%) by NPI

Cambridge Ind Tr

Q1 – Mar16

1.112

$0.545

8.161%

$0.671

37.10%

Industrial (51)

AIMSAMP Cap Reit

Q4 – Mar16

2.950

$1.395

8.136%

$1.478

32.40%

Industrial (26) : Singapore + Australia

Frasers Com Tr

Q2 – Mar16

2.453

$1.295

7.591%

$1.530

36.20%

Singapore (63.5%) + Australia (36.5%) by NPI

FHT

Q2 – Mar16

3.051

$0.815

7.486%

$0.851

39.30%

Hotel (60.7%) + Serviced Apt (39.3%) : Australia (31%) + Singapore (29%) + UK (15%) + Japan (16%) + Malaysia (9%) by NPI

CapitaR China Tr

Q1 – Mar16

2.710

$1.475

7.390%

$1.640

28.70%

Retail (China) – 10

Mapletree GCC Tr

2H – Mar16

3.771

$1.030

7.322%

$1.239

39.50%

Retail + Office : HK (67.5%) + China (32.5%) by NPI

OUE COMMERCIAL REIT

2H – Dec15

2.380

$0.655

7.267%

$0.960

40.10%

Office (85.4%) + Retail (14.6%) by Revenue ; Singapore (78.2%) + China (21.8%) by Gross Rental Income

CDL Htrust

Q1 – Mar16

2.220

$1.395

7.054%

$1.553

36.70%

Hotels : Singapore (61%) + Australia (11.4%) + Maldives (10.9%) + NZ (8.5%) + Japan (4.3%)+ UK (3.9%) by NPI

OUE Htrust

Proforma FY15 (Rights)

4.890

$0.695

7.036%

$0.810

37.80%

Hotel (77%) + Retail (23%) by NPI

Ascott Reit

Q1 – Mar16

1.760

$1.135

7.035%

$1.340

38.90%

Serviced Apts (89) : Key Mkt (87.6%) + R.O.W (12.4%) by Valuation

Mapletree Ind Tr

Q4 – Mar16

2.810

$1.605

7.003%

$1.370

28.20%

Industrial (85)

Far East HTrust

Q1 – Mar16

1.080

$0.665

6.932%

$0.932

32.70%

Hotels (65.5%) + Commercial (21.0%) + Serviced Apts (13.5%) by Revenue

First REIT

Q1 – Mar16

2.110

$1.250

6.792%

$1.033

34.00%

Hospitals (12 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

Mapletree Log Tr

Q4 – Mar16

1.800

$1.080

6.667%

$1.000

39.60%

Industrial (118)

StarhillGbl Reit

Q3 – Mar16

1.260

$0.780

6.641%

$0.890

35.40%

Retail (86.3%) + Office (13.7%) ; Singapore (61.7%) + Australia (22.5%) + Malaysia (12.1%) + China (2.2%) + Japan (1.5%) by Revenue

Ascendas Reit

Q3 – Dec15

3.946

$2.460

6.416%

$2.020

37.30%

Industrial : Singapore (102) + Australia (26) + China (2)

Keppel Reit

Q1 – Mar16

1.680

$1.050

6.400%

$1.420

39.00%

Office : Singapore (90%) + Australia (10%) by Asset Value

Keppel DC REIT

Q1 – Mar16

1.670

$1.095

6.100%

$0.902

29.60%

Data Centres – 9 + 1 (Under Devt)

CapitaCom Trust

Q1 – Mar16

2.180

$1.430

6.098%

$1.720

30.10%

Office (68%) + Retail (19%) + Hotel (13%) by Gross Rental Income

Frasers Cpt Tr

Q2 – Mar16

3.039

$1.950

6.053%

$1.910

28.30%

Retail (6) + 31.17% of Hektar (MREIT)

Suntec Reit

Q1 – Mar16

2.371

$1.685

6.020%

$2.114

36.00%

Retail + Office

BHG Retail Reit

FY15 – IPO

0.760

$0.790

5.756%

$0.826

33.50%

Retail (China) – 5

SPHREIT

Q2 – Feb16

1.400

$0.955

5.728%

$0.940

25.70%

Retail (2)

Fortune Reit HKD

2H – Dec15

23.500

$8.520

5.516%

$12.760

30.10%

Retail (HK) – 17

CapitaMall Trust

Q1 – Mar16

2.730

$2.070

5.459%

$1.860

35.50%

Retail (16) + Office

Mapletree Com Tr

Q4 – Mar16

2.020

$1.500

5.420%

$1.300

35.10%

Retail (68.9%) + Office (31.1%) by NPI

ParkwayLife Reit

Q1 – Mar16

2.990

$2.450

4.882%

$1.650

36.40%

Hospitals + Nursing Homes = 48 : Singapore 61% + Japan 38% by Gross Revenue

Saizen REIT

2H – Jun15

2.930

$0.090

0.000%

$1.210

35.00%

Residential (Japan) – 136

NOTES :

  • Mkt Price is as on 29-Apr-16
  • CDL H-Trust : Above Yield is Computed using last 4Qs DPU : 9.84ct = 2.22ct (Q116) + 5.37ct (2H15) + 2.25ct (Q215) ; DPU Not Paid as Semi-Annual Payout Policy
  • MLT : Includes 0.4ct Divestment Gain for 8 Qs & 0.2ct for 4Qs from Sep-15 ie DPU = 1.74ct (Mar-16) if Excl Divestment Gains
  • Cambridge : Annualised DPU = 4.448ct
  • VIT : Annualised DPU = 6.588ct
  • FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.61ct = 1.17ct (Dec15) + 1.20ct (Sep15) + 1.16ct (Jun15) + 1.08ct (Mar16)
  • AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 11.35ct = 2.85ct (Dec15) + 2.80ct (Sep15) + 2.75ct (Jun15) + 2.95ct (Mar16)
  • MCT : Above Yield is Computed using last 4Qs DPU : 8.13ct = 2.08ct (Dec15) + 2.02ct (Sep15) + 2.01ct (Jun15) + 2.02ct (Mar16)
  • PLife : Annualised DPU = 11.96ct
  • CLT : Annualised DPU = 8.201ct
  • YTL StarHill : Above Yield is Computed using last 4Qs DPU : 5.18ct = 1.32ct (Dec15) + 1.31ct (Sep15) + 1.29ct (Jun15) + 1.26ct (Mar16)
  • FCT : Above Yield is Computed using last 4Qs DPU : 11.804ct = 2.87ct (Dec15) + 2.859ct (Sep15) + 3.036ct (Jun15) + 3.039ct (Mar16)
  • Suntec : Above Yield is Computed Using lates 4Qs DPU = 10.143ct = 2.75ct (Q415) + 2.522ct (Q315) + 2.5ct (Q215) + 2.371ct (Q116)
  • FCOT : Annualised DPU = 9.83ct ; Includes $0.6m from China Square Land for Hotel Payment
  • Sabana : Annualised DPU = 5.35ct
  • FirstREIT : Annualised DPU = 8.49ct
  • CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar16) + 2.88ct (Dec15) + 2.98ct (Sep15) + 2.71ct (Jun15)
  • AscottREIT : DPU Not Paid as Semi-Annual Payout Policy ; Advanced DPU = 1.585ct (1-Jan-16 to 22-Mar-16) Already Paid ; Above Yield Uses Latest 4Qs DPU = 1.76ct (Mar-16) + 4.138ct (2H15) + 2.087ct (Q215)
  • CCT : DPU Not Paid as Semi-Annual Payout Policy
  • CRCT : Annualised DPU = 10.28ct ; DPU Not Paid as Semi-Annual Payout Policy
  • Keppel DC REIT : DPU Not Paid as Semi-Annual Payout Policy
  • SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.33ct (Nov15) + 1.39ct (Aug15) + 1.35ct (May15) + 1.40ct (Feb16) =5.47ct
  • IREIT : DPU 80% Hedged @ €1 : S$1.52 for FY16
  • A-HTrust : DPU Not Paid as Semi-Annual Payout Policy
  • A-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • BHG REIT : IPO Prospectus ; DPU : FY15 = 0.76ct (1-Nov-15 to 31-Dec-15) / 0.53ct if exclude sponsor waiver ; FY16 = 5.08ct / 3.56ct if exclude sponsor waiver ; Gearing = 33.5% ; NAV = $0.826 ; Listing on 11-Dec-15 2pm @ $0.80
  • Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
  • OUE H-Trust : Rights Circular dated 15-Mar-16 ; 33-for-100 Rights Issue @ $0.54 (TERP = $0.7092 @ $0.765) ; Proforma FY15 DPU = 4.89cts <- 5.84ct ; NAV = $0.81 <- $0.90 ; Gearing = 37.8% <- 42%
  • IREIT Global : Rights Circular ; 45-for-100 Rights Issue @ $0.468 (TERP = $0.7004 @ $0.805) ; Proforma FY14 DPU = €1.53cts (Same as Actual) ; NAV = €0.48 -> €0.41 ; Gearing 31.8% -> 43.7%
  • Keppel DC REIT : IPO Prospectus ; DPU : FY15 = 6.36ct ; FY16 = 6.65ct ; Gearing = 27.8% ; NAV = $0.87 ; Listing on 11-Dec-14 2pm @ $0.88
  • IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
  • FHT : IPO Prospectus ; DPU : FY14 (1-Apr-14 to 30-Sep-14) = 3.04ct / 2.86ct if Exclude Top Up ; FY15 = 6.16ct (5.72ct if Exclude) ; Gearing = 41.7% ; NAV = $0.83 ; Listing on 14-Jul-14 2pm @ $0.88
  • OUE C-REIT : IPO Prospectus ; DPU : FY14 = 5.44ct / 4.45ct if Exclude Income Support ; FY15 = 5.51ct (4.6ct if Exclude) ; Gearing = 42.3% ; NAV = $1.043 ; Listing on 27-Jan-14 2pm @ $0.88
  • Viva Industrial Trust : IPO Prospectus ; DPU : FY13 = 3.42ct (1-Jul-13 to 31-Dec-13) / 2.23ct if Exclude Income Support ; FY14 = 6.87ct (4.79ct if Exclude) ; FY15 = 7.03ct (5.19ct if Exclude) ; Gearing = 40.2% ; NAV = $0.74 ; Listing on 4-Nov-13 2pm @ $0.78

    
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust^

Q4 – Dec15

0.00

$0.137

0.000%

$0.440

Shipping Trust

RickmersMaritime

Q1 – Mar16

0.00

$0.101

0.000%

$0.410

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3426 : US$1 fm Yahoo Finance)
  • Rickmers
    : DPU Suspended fm Q315
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13

     
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

Kep Infra Tr

Q1 – Mar16

0.93

$0.490

7.592%

$0.337

Infrastructure

Ascendas-iTrust

2H – Mar16

2.76

$0.955

5.780%

$0.690

India – Industrial Park (6)

Indiabulls Trust

2H – Mar16

0.00

$0.250

0.255%

$1.710

India – Office

HPH Trust USD

2H – Dec15

18.70

$0.445

9.965%

HK$4.76

Ports – HK (41%) + China (59%) by Revenue

Religare Htrust

Q3 – Dec15

1.91

$1.030

7.417%

$0.905

India – Healthcare (18)

Croesus Rtrust

1H – Dec15

3.50

$0.835

8.311%

Y76.03

Japan – Retail (8)

Asian Pay TV Tr

Q4 – Dec15

2.25

$0.600

10.833%

$0.860

Taiwan PayTV

Accordia Golf Tr

Q3 – Dec15

2.16

$0.645

7.194%

$0.890

Japan Golf Courses – 89

NOTES :

  • Indiabulls : Yield Computed Using 0ct (2H16) + 0.0638ct (1H16)
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7576 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec15) = HK18.7ct
  • APTT : Above Yield uses DPU = 6.5ct as FY16 Guidance = 6.5ct to 7ct (1.625ct/Q ; Q4 May Have Additional DPU)
  • CroesusRT : Exchange Rate Y100 = S$1.2540 ; Annualised DPU = 6.94ct ; Hedged Rate – FY16 @ Y85.03 ; FY17 @ Y84.16
  • Accordia : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield Computed Using 1H (Sep15) DPU = 2.32ct
  • RHT : DPU Not Paid as Semi-Annual Payout Policy
  • APTT
    : FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia Golf Trust : IPO Prospectus ; DPU : FY15 (1-Aug-14 to 31-Mar-15) = 6.2ct / Annualised = 6.8ct (Excl. Non-Recurring) – Used in Above Yield Computation or 8.8ct (Incl Non-Recurring) ; Gearing & NAV Computed Using IPO Prospectus Figures ; Listing on 1-Aug-14 2pm @ $0.97
  • Forterra : Delisted on 13-Feb-15 9AM
  • PCRT : Delisted on 5-Feb-15 9AM
  • APTT : Prospectus ; IPO @ $0.97 ; FY13 DPU = 7.29ct Yield = 7.51% ; FY14 DPU = 8.25ct Yield = 8.51% ; List on 29-May-13 2pm
  • Croesus : Prospectus ; IPO @ $0.93 ; FY14 DPU = 7.39ct Yield = 7.946% ; FY15 DPU = 7.49ct Yield = 8.054% ; Gearing = 43.7% ; List on 10-May-13 2pm
  • Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
  • Indiabulls : Maiden DPU on 1H (sep12) Declared since Listing on 11-Jun-08
April 30, 2016 Yield Comments Off on April 2016