Category: Yield

 

October 2015

 

Results Announcement

  • 12 Oct 15 : SPHREIT (Updated)
  • 13 Oct 15 : FirstREIT (Updated)
  • 15 Oct 15 : Sabana (Updated)
  • 15 Oct 15 : Keppel DC REIT : (Updated)
  • 19 Oct 15 : MLT (Updated)
  • 19 Oct 15 : KIT (Updated)
  • 19 Oct 15 : KeppelREIT (Updated)
  • 20 Oct 15 : MIT (Updated)
  • 20 Oct 15 : Indiabulls (Updated)
  • 21 Oct 15 : MCT (Updated)
  • 21 Oct 15 : CLT (Updated)
  • 22 Oct 15 (AM) : FCT (Updated)
  • 22 Oct 15 (AM) : Cambridge (Updated)
  • 22 Oct 15 (AM) : CMT (Updated)
  • 22 Oct 15 : A-REIT (Updated)
  • 22 Oct 15 : Suntec (Updated)
  • 23 Oct 15 (AM) : FCOT (Updated)
  • 23 Oct 15 : CRCT (Updated)
  • 23 Oct 15 : HPH-Trust (Updated)
  • 26 Oct 15 : a-iTrust (Updated)
  • 27 Oct 15 (AM) : VIT (Updated)
  • 27 Oct 15 : MGCT (Updated)
  • 27 Oct 15 : Starhill Global (Updated)
  • 28 Oct 15 (AM) : CCT (Updated)
  • 28 Oct 15 : A-HTrust (Updated)
  • 29 Oct 15 (AM) : CDL H-Trust (Updated)
  • 29 Oct 15 (AM) : AscottREIT (Updated)
  • 29 Oct 15 (AM) : AIMSAMPReit (Updated)
  • 29 Oct 15 (AM) : FHT (Updated)
  • 3 Nov 15 (AM) : FE-HTrust
  • 4 Nov 15 : Rickmers
  • 5 Nov 15 (AM) : PLife
  • 5 Nov 15 : Religare
  • 5 Nov 15 : FSL
  • 5 Nov 15 : LMIR
  • 6 Nov 15 (AM) : APTT
  • 11 Nov 15 (AM) : CRT
  • 11 Oct 15 : OUE C-REIT
  • 12 Nov 15 (AM) : Saizen
  • 12 Nov 15 : OUE H-Trust
  • 13 Nov 15 : IREIT Global

 

 

REITs : Average Yield = 7.189%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

IREIT Global

1H – Jun15

3.200

$0.675

9.481%

$0.744

31.20%

Offices : Germany

Sabana REIT

Q3 – Sep15

1.770

$0.760

9.237%

$1.040

38.00%

Industrial (23)

Lippo Malls Tr

Q2 – Jun15

0.730

$0.320

9.125%

$0.390

35.00%

Retail (Indonesia) – 17

Viva Ind Tr

Q3 – Sep15

1.647

$0.760

8.597%

$0.827

38.80%

Biz Park (70.4%) + Hotel (14.6%) + Light Industrial (12.1%) + Logistics (2.9%) by Valuation

FHT

Q4 – Sep15

1.665

$0.775

8.591%

$0.857

38.90%

Hotel (60.7%) + Serviced Apt (39.3%) : Singapore (23%) ; Australia (29%) ; UK (29%) ; Japan (11%) ; Malaysia (8%) by NPI

OUE COMMERCIAL REIT

1H – Jun15

2.900

$0.685

8.467%

$1.100

37.90%

Retail (11.4%) + Office (88.6%) by Revenue

Cache Log Trust

Q3 – Sep15

2.140

$1.005

8.448%

$0.970

38.30%

Industrial (14) : Singapore (92%) + Shanghai (1%) + Australia (7%) by Gross Rental Income

SoilbuildBizREIT

Q3 – Sep15

1.625

$0.800

8.125%

$0.800

36.10%

Business Park 34% + Industrial 66% by NPI

AIMSAMP Cap Reit

Q2 – Sep15

2.800

$1.400

8.000%

$1.522

30.90%

Industrial (26)

Cambridge Ind Tr

Q3 – Sep15

1.204

$0.610

7.831%

$0.675

37.20%

Industrial (51)

Ascendas-hTrust

1H – Sep15

2.660

$0.680

7.824%

$0.720

37.50%

Hotels (11) : Australia (56%) + Singapore (16%) + Japan (20%) + China (9%) by NPI

OUE Htrust

Q2 – Jun15

1.520

$0.815

7.460%

$0.900

42.10%

Hotel (74%) + Retail (26%) by NPI

Mapletree Ind Tr

Q2 – Sep15

2.790

$1.525

7.318%

$1.330

29.70%

Industrial (84)

Frasers Com Tr

Q4 – Sep15

2.518

$1.370

7.299%

$1.530

36.20%

Singapore (58%) + Australia (42%) by NPI

Mapletree Log Tr

Q2 – Sep15

1.860

$1.020

7.294%

$1.000

38.80%

Industrial (119)

Keppel Reit

Q3 – Sep15

1.700

$0.965

7.047%

$1.370

42.60%

Offices : Singapore (4) + Australia (5)

Mapletree GCC Tr

1H – Sep15

3.499

$0.995

7.033%

$1.192

41.00%

Retail + Office (China + HK)

Far East HTrust

Q2 – Jun15

1.160

$0.670

6.925%

$0.966

31.40%

Hotels (65.2%) + Serviced Apts (14.2%) + Commercial (20.6%) by Revenue

CDL Htrust

Q3 – Sep15

2.360

$1.355

6.908%

$1.593

36.50%

Hotels : Singapore (71.1%) + Australia (9%) + UK (5.4%) + NZ (4.1%) + Maldives (7%) + Japan (2.7%) by Valuation

CapitaR China Tr

Q3 – Sep15

2.640

$1.520

6.888%

$1.680

28.50%

Retail (China) – 10

Ascott Reit

Q3 – Sep15

2.070

$1.210

6.843%

$1.380

40.00%

Serviced Apts (90) : AsiaPacific (68.7%) + Europe (31.3%) by Valuation

First REIT

Q3 – Sep15

2.080

$1.240

6.694%

$1.020

32.90%

Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

Ascendas Reit

1H – Sep15

7.730

$2.390

6.469%

$2.100

34.60%

Industrial : Singapore (102) + China (2)

StarhillGbl Reit

Q1 – Sep15

1.310

$0.810

6.420%

$0.880

35.70%

Retail (86.2%) + Office (13.8%) ; Singapore (60.1%) + Malaysia (11.5%) + Australia (23%) + China (3.4%) + Japan (2%) by Revenue

Saizen REIT

2H – Jun15

2.930

$0.925

6.335%

$1.140

35.00%

Residential (Japan) – 136

Keppel DC REIT

Q3 – Sep15

1.640

$1.045

6.278%

$0.860

30.10%

Data Centres – 9

CapitaCom Trust

Q2 – Sep15

2.140

$1.410

6.071%

$1.720

30.10%

Office (67%) + Retail (20%) + Hotel (13%) by Gross Rental Income

Suntec Reit

Q3 – Sep15

2.522

$1.650

6.064%

$2.066

35.80%

Retail + Office

CapitaMall Trust

Q3 – Sep15

2.980

$1.980

5.970%

$1.820

33.80%

Retail (17) + Office

Frasers Cpt Tr

Q4 – Sep15

2.859

$1.955

5.938%

$1.910

28.20%

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

SPHREIT

Q4 – Aug15

1.390

$0.940

5.915%

$0.950

25.70%

Retail (2)

Mapletree Com Tr

Q2 – Sep15

2.020

$1.370

5.898%

$1.240

36.40%

Retail + Office

Fortune Reit HKD

1H – Jun15

23.380

$8.020

5.830%

$12.490

30.60%

Retail (HK) – 17

ParkwayLife Reit

Q2 – Jun15

3.350

$2.310

5.801%

$1.680

34.10%

Hospitals + Nursing Homes = 47 : Singapore 64.2% + Japan 35.8% by NPI

NOTES :

  • Mkt Price is as on 30-Oct-15
  • AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
  • CDL H-Trust : Annualised DPU = 9.36ct ; DPU Not Paid as Semi-Annual Payout Policy
  • FHT : DPU = 1.5745ct (6-Jul-15 to 30-Sep-15) + 0.09ct (1-Jul-15 to 5-Jul-15) Already Paid
  • CCT : DPU Not Paid as Semi-Annual Payout Policy
  • StarHill Global : Annualised DPU = 5.20ct
  • VIT : Annualised DPU = 6.534ct
  • FCOT : Annualised DPU = 9.43ct ; DPU = 1.6069ct (3-Aug-15 to 30-Sep-15) + 0.9112ct (1-Jul-15 to 2-Aug-15) Already Paid as Advanced DPU
  • CRCT : : Annualised DPU = 10.47ct
  • Suntec : Annualised DPU = 10.006ct
  • A-REIT : Actual DPU Payout = 8.001ct = 7.73ct (Recurrent DPU) + 0.271ct (One-Off)
  • CMT : Annualised DPU = 11.82ct
  • Cambridge : Annualised DPU = 4.777ct
  • FCT : Above Yield is Computed using last 4Qs DPU = 11.608ct ie 2.75ct (Dec14) + 2.859ct (Sep15) + 3.036ct (Jun15) + 2.963ct (Mar15)
  • CLT : Annualised DPU = 8.49ct
  • Sabana : Annualised DPU = 7.02ct
  • Keppel DC REIT : DPU Not Paid as Semi-Annual Payout Policy
  • FirstREIT : Annualised DPU = 8.3ct
  • Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
  • IREIT Actual DPU Paid = 2.21ct as Rights Shares issued on 6-Aug-15 also qualifies for 1H DU Payout ; For FY15, DPU Hedged @ €1 : S$1.54
  • OUE C-REIT : Actual DPU Paid = 2ct as Rights Shares issued on 4-Aug-15 also qualifies for 1H DU Payout
  • PLife : Annualised DPU = 13.4ct ; Includes Divestment Gain = 0.37ct (2nd of 4 Tranches)
  • SB REIT : DPU = Actual Payout = 0.987ct (5-May-15 to 30-Jun-15) ; Advanced DPU (Already Paid) = 0.628ct (1-Apr-15 to 4-May-15)
  • 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
  • A-REIT : DPU Semi-Annual Payout Policy fm FY15(Mar)
  • 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
  • MLT : Includes 0.2ct Divestment Gain for 8 Qs from Q114 (Jun13)

    
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q2 – Jun15

0

$0.175

0.000%

$0.430

Shipping Trust

RickmersMaritime

Q2 – Jun15

0.6

$0.205

16.405%

$0.560

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4013: US$1 fm Yahoo Finance)
  • Rickmers : 29% Payout
  • 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

Q2 – Sep15

0.93

$0.520

7.154%

$0.350

Infrastructure

Ascendas-iTrust

1H – Sep15

2.74

$0.875

6.263%

$0.650

India – Industrial Park

Indiabulls Trust

1H – Sep15

0.0638

$0.275

0.483%

$1.734

India – Office

HPH Trust USD

1H – Jun15

15.7

$0.555

8.835%

HK$4.84

Ports – HK + China

Religare Htrust

Q1 – Jun15

1.94

$0.995

7.799%

$0.907

India – Healthcare

Croesus Rtrust

2H – Jun15

3.92

$0.835

9.389%

Y83.95

Japan – Retail (7)

Asian Pay TV Tr

Q2 – Jun15

2

$0.790

10.443%

$0.890

Taiwan PayTV

Accordia Golf Tr

2H – Mar15

5.71

$0.640

13.401%

$0.870

Japan Golf Courses – 89

NOTES :

  • a-iTrust : Above DPU is based on 90% Payoutt
  • HPH Trust : DPU Not Paid for Q3 as Semi-Annual Payout Policy ; DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7500 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec14) = HK22.3ct
  • Indiabulls : Yield Computed Using 0.069ct (2H15) + 0.0638ct (1H16)
  • CroesusRT : Exchange Rate Y100 = S$1.1631
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
  • Religare : DPU Not Paid as Semi-Annual Payout Policy
  • APTT : Above Yield uses DPU = 8.25ct as FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • KIT : Proforma FY14 DPU = 3.73ct as per Circular dated 20-May-15
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia : Above DPU for the Period 1-Aug-14 to 31-Mar-15 ; Includes Non-Recurring Cash Flows
  • 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
  • Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
  • 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

 

 

October 30, 2015 Yield Comments Off on October 2015

September 2015

 

REITs : Average Yield = 7.451%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

IREIT Global

1H – Jun15

3.200

$0.630

10.159%

$0.766

31.20%

Offices : Germany

Viva Ind Tr

Q2 – Jun15

1.849

$0.735

10.090%

$0.830

38.90%

Biz Park (70.4%) + Hotel (14.6%) + Light Industrial (12.1%) + Logistics (2.9%) by Valuation

Sabana REIT

Q2 – Jun15

1.800

$0.755

9.563%

$1.040

37.90%

Industrial (23)

Lippo Malls Tr

Q2 – Jun15

0.730

$0.320

9.125%

$0.390

35.00%

Retail (Indonesia) – 17

OUE COMMERCIAL REIT

1H – Jun15

2.900

$0.640

9.063%

$1.100

37.90%

Retail (11.4%) + Office (88.6%) by Revenue

Cache Log Trust

Q2 – Jun15

2.140

$0.970

8.849%

$0.973

38.00%

Industrial : Singapore (12) + Shanghai (1) + Australia (3)

FHT

Q3 – Jun15

1.560

$0.730

8.548%

$0.843

38.80%

Hotel (60.7%) + Serviced Apt (39.3%)

Ascendas-hTrust

Q1 – Jun15

1.280

$0.625

8.192%

$0.710

38.00%

Hotels (12) : Australia (54%) + Singapore (16%) + Japan (20%) + China (10%) by NPI

AIMSAMP Cap Reit

Q1 – Jun15

2.750

$1.355

8.118%

$1.520

31.20%

Industrial (26)

Cambridge Ind Tr

Q2 – Jun15

1.225

$0.610

8.054%

$0.676

37.20%

Industrial (51)

SoilbuildBizREIT

Q2 – Jun15

1.615

$0.805

8.025%

$0.790

36.30%

Business Park 34% + Industrial 66% by NPI

CapitaR China Tr

1H – Jun15

5.370

$1.365

7.934%

$1.650

27.70%

Retail (China) – 10

OUE Htrust

Q2 – Jun15

1.520

$0.800

7.600%

$0.900

42.10%

Hotel (74%) + Retail (26%) by NPI

Mapletree Log Tr

Q1 – Jun15

1.850

$0.980

7.551%

$1.010

34.40%

Industrial (118)

Mapletree Ind Tr

Q1 – Jun15

2.730

$1.485

7.354%

$1.320

30.00%

Industrial (84)

Mapletree GCC Tr

Q1 – Jun15

1.696

$0.930

7.295%

$1.145

41.20%

Retail + Office (China + HK)

Saizen REIT

2H – Jun15

2.930

$0.805

7.280%

$1.140

35.00%

Residential (Japan) – 136

CDL Htrust

1H – Jun15

4.690

$1.300

7.262%

$1.619

32.00%

Hotels : Singapore (75.1%) + Australia (9.6%) + NZ (4.4%) + Maldives (8.1%) + Japan (2.8%) by Valuation

Keppel Reit

Q2 – Jun15

1.720

$0.955

7.204%

$1.380

42.60%

Offices : Singapore (4) + Australia (5)

Far East HTrust

Q2 – Jun15

1.160

$0.645

7.194%

$0.966

31.40%

Hotels (65.2%) + Serviced Apts (14.2%) + Commercial (20.6%) by Revenue

Frasers Com Tr

Q3 – Jun15

2.351

$1.330

7.090%

$1.540

37.30%

Singapore (68%) + Australia (32%) by Valuation

StarhillGbl Reit

Q6 – Jun15

1.290

$0.755

6.848%

$0.900

35.50%

Retail (86.1%) + Office (13.9%) ; Singapore (65%) + Malaysia (13.5%) + Australia (16%) + China (3.5%) + Japan (2%) by Revenue

Suntec Reit

Q2 – Jun15

2.500

$1.500

6.685%

$2.076

35.30%

Retail + Office

Ascendas Reit

Q1 – Jun15

3.841

$2.340

6.566%

$2.050

34.70%

Industrial : Singapore (103) + China (2)

First REIT

Q2 – Jun15

2.070

$1.290

6.457%

$1.019

32.90%

Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

CapitaCom Trust

1H – Jun15

4.310

$1.340

6.433%

$1.720

29.50%

Office (67%) + Retail (20%) + Hotel (13%) by Gross Rental Income

Mapletree Com Tr

Q1 – Jun15

2.010

$1.255

6.406%

$1.240

36.40%

Retail + Office

Fortune Reit HKD

1H – Jun15

23.380

$7.310

6.397%

$12.490

30.60%

Retail (HK) – 17

Keppel DC REIT

1H – Jun15

3.560

$1.020

6.338%

$0.850

26.40%

Data Centres – 8

Ascott Reit

1H – Jun15

3.847

$1.225

6.281%

$1.370

35.80%

Serviced Apts (90) : AsiaPacific (68.7%) + Europe (31.3%) by Valuation

Frasers Cpt Tr

Q3 – Jun15

3.036

$1.905

6.055%

$1.850

28.70%

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

ParkwayLife Reit

Q2 – Jun15

3.350

$2.300

5.826%

$1.680

34.10%

Hospitals + Nursing Homes = 47 : Singapore 64.2% + Japan 35.8% by NPI

SPHREIT

Q3 – May15

1.350

$0.935

5.775%

$0.930

26.00%

Retail (2)

CapitaMall Trust

Q2 – Jun15

2.710

$1.900

5.721%

$1.810

33.70%

Retail (16) + Office

NOTES :

  • Mkt Price is as on 30-Sep-15
  • Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
  • IREIT Actual DPU Paid = 2.21ct as Rights Shares issued on 6-Aug-15 also qualifies for 1H DU Payout ; For FY15, DPU Hedged @ €1 : S$1.54
  • OUE C-REIT : Actual DPU Paid = 2ct as Rights Shares issued on 4-Aug-15 also qualifies for 1H DU Payout
  • A-HTrust : DPU Not Paid as Semi-Annual Payout Policy
  • MGCT : DPU Not Paid as Semi-Annual Payout Policy
  • FHT : DPU = Actual Payout 2.21ct as 0.65ct fm Japan Assets (14-Jul-14 to 31-Mar-15) will Only be Rx in May/Jun and to be Paid out in Sep Q ; DPU Not Paid as Semi-Annual Payout Policy
  • StarHill Global : Annualised DPU = 5.17ct
  • CDL H-Trust : Annualised DPU = 9.44ct
  • CRCT : : Annualised DPU = 10.83ct
  • PLife : Annualised DPU = 13.4ct ; Includes Divestment Gain = 0.37ct (2nd of 4 Tranches)
  • VIT : Annualised DPU = 7.416ct
  • Suntec : Annualised DPU = 10.027ct
  • Cambridge : Annualised DPU = 4.913ct
  • CMT : Annualised DPU = 10.87ct
  • FCT : Above Yield is Computed using last 4Qs DPU = 11.52ct ie 2.75ct (Dec14) + 2.785ct (Sep14) + 3.036ct (Jun15) + 2.963ct (Mar15)
  • A-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • FirstREIT : Annualised DPU = 8.33ct
  • CLT : Annualised DPU = 8.584ct
  • FCOT : Annualised DPU = 9.43ct
  • Sabana : Annualised DPU = 7.22ct
  • Keppel DC REIT : For the Period 12-Dec-14 to 30-Jun-15
  • SB REIT : DPU = Actual Payout = 0.987ct (5-May-15 to 30-Jun-15) ; Advanced DPU (Already Paid) = 0.628ct (1-Apr-15 to 4-May-15)
  • 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
  • A-REIT : DPU Semi-Annual Payout Policy fm FY15(Mar)
  • 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
  • MLT : Includes 0.2ct Divestment Gain for 8 Qs from Q114 (Jun13)

    
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q2 – Jun15

0

$0.158

0.000%

$0.430

Shipping Trust

RickmersMaritime

Q2 – Jun15

0.6

$0.225

15.183%

$0.560

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4234:US$1 fm Yahoo Finance)
  • Rickmers : 29% Payout
  • 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

FY14 – Proforma

3.73

$0.525

7.105%

$0.360

Infrastructure

Ascendas-iTrust

Q1 – Jun15

1.37

$0.855

6.409%

$0.640

India – Industrial Park

Indiabulls Trust

2H – Mar15

0.069

$0.290

0.481%

$1.692

India – Office

HPH Trust USD

1H – Jun15

15.7

$0.550

8.915%

HK$4.79

Ports – HK + China

Religare Htrust

Q1 – Jun15

1.94

$0.950

8.168%

$0.907

India – Healthcare

Croesus Rtrust

2H – Jun15

3.92

$0.830

9.446%

Y83.95

Japan – Retail (7)

Asian Pay TV Tr

Q2 – Jun15

2

$0.785

10.510%

$0.890

Taiwan PayTV

Accordia Golf Tr

2H – Mar15

5.71

$0.630

13.614%

$0.870

Japan Golf Courses – 89

NOTES :

  • CroesusRT : Exchange Rate Y100 = S$1.1829
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15 ; Above DPU & NAV had been Re-Adjusted accordingly
  • Religare : DPU Not Paid as Semi-Annual Payout Policy
  • APTT : Above Yield uses DPU = 8.25ct as FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • Indiabulls : Yield Computed Using 0.0138ct (2H15) + 0.0141ct (1H15) ; No DPU Payout for Q116 (Jun15) as Semi-Annual Payout Policy
  • KIT : DPU = 0.25ct (29-May-15 to 30-Jun-15) ; Above Yield Uses Proforma FY14 DPU = 3.73ct as per Circular dated 20-May-15
  • a-iTrust : Above DPU is based on 90% Payoutt ; DPU Not Paid as Semi-Annual Payout Policy
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7500 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec14) = HK22.3ct
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia : Above DPU for the Period 1-Aug-14 to 31-Mar-15 ; Includes Non-Recurring Cash Flows
  • 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
  • Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
  • 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

 

 

September 30, 2015 Yield Comments Off on September 2015

August 2015

 

SGX Announcements

  • 3 Aug 15 : Indiabulls (Updated)
  • 4 Aug 15 (AM) : APTT (Updated)
  • 4 Aug 15 : FSL (Updated)
  • 5 Aug 15 : LMIR (Updated)
  • 6 Aug 15 (AM) : FE-HTrust (Updated)
  • 6 Aug 15 : A-HTrust (Updated)
  • 6 Aug 15 : Religare (Updated)
  • 12 Aug 15 : Rickmers (Updated)
  • 12 Aug 15 : OUE C-REIT (Updated)
  • 13 Aug 15 : OUE H-Trust (Updated)
  • 13 Aug 15 : IREIT (Updated)
  • 20 Aug 15 : Saizen (Updated)
  • 26 Aug 15 (AM) : CRT (Updated)

 

 
 

REITs : Average Yield = 7.342%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Viva Ind Tr

Q2 – Jun15

1.849

$0.740

10.022%

$0.830

38.90%

Biz Park (70.4%) + Hotel (14.6%) + Light Industrial (12.1%) + Logistics (2.9%) by Valuation

IREIT Global

1H – Jun15

3.200

$0.675

9.481%

$0.759

31.20%

Offices : Germany

Sabana REIT

Q2 – Jun15

1.800

$0.775

9.316%

$1.040

37.90%

Industrial (23)

OUE COMMERCIAL REIT

1H – Jun15

2.900

$0.630

9.206%

$1.100

37.90%

Retail (11.4%) + Office (88.6%) by Revenue

Lippo Malls Tr

Q2 – Jun15

0.730

$0.330

8.848%

$0.390

35.00%

Retail (Indonesia) – 17

Cache Log Trust

Q2 – Jun15

2.140

$1.010

8.499%

$0.973

38.00%

Industrial : Singapore (12) + Shanghai (1) + Australia (3)

FHT

Q3 – Jun15

1.560

$0.745

8.376%

$0.843

38.80%

Hotel (60.7%) + Serviced Apt (39.3%)

Ascendas-hTrust

Q1 – Jun15

1.280

$0.615

8.325%

$0.710

38.00%

Hotels (12) : Australia (54%) + Singapore (16%) + Japan (20%) + China (10%) by NPI

SoilbuildBizREIT

Q2 – Jun15

1.615

$0.790

8.177%

$0.790

36.30%

Business Park 34% + Industrial 66% by NPI

Cambridge Ind Tr

Q2 – Jun15

1.225

$0.615

7.989%

$0.676

37.20%

Industrial (51)

AIMSAMP Cap Reit

Q1 – Jun15

2.750

$1.400

7.857%

$1.520

31.20%

Industrial (26)

CapitaR China Tr

1H – Jun15

5.370

$1.410

7.681%

$1.650

27.70%

Retail (China) – 10

Mapletree Log Tr

Q1 – Jun15

1.850

$0.980

7.551%

$1.010

34.40%

Industrial (118)

Far East HTrust

Q2 – Jun15

1.160

$0.625

7.424%

$0.966

31.40%

Hotels (65.2%) + Serviced Apts (14.2%) + Commercial (20.6%) by Revenue

OUE Htrust

Q2 – Jun15

1.520

$0.830

7.325%

$0.900

42.10%

Hotel (74%) + Retail (26%) by NPI

Saizen REIT

2H – Jun15

2.930

$0.815

7.190%

$1.140

35.00%

Residential (Japan) – 136

CDL Htrust

1H – Jun15

4.690

$1.320

7.152%

$1.619

32.00%

Hotels : Singapore (75.1%) + Australia (9.6%) + NZ (4.4%) + Maldives (8.1%) + Japan (2.8%) by Valuation

Mapletree GCC Tr

Q1 – Jun15

1.696

$0.950

7.141%

$1.145

41.20%

Retail + Office (China + HK)

Mapletree Ind Tr

Q1 – Jun15

2.730

$1.535

7.114%

$1.320

30.00%

Industrial (84)

Keppel Reit

Q2 – Jun15

1.720

$0.980

7.020%

$1.380

42.60%

Offices : Singapore (4) + Australia (5)

Ascendas Reit

Q1 – Jun15

3.841

$2.230

6.890%

$2.050

34.70%

Industrial : Singapore (103) + China (2)

Frasers Com Tr

Q3 – Jun15

2.351

$1.390

6.784%

$1.540

37.30%

Singapore (68%) + Australia (32%) by Valuation

First REIT

Q2 – Jun15

2.070

$1.240

6.718%

$1.019

32.90%

Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

StarhillGbl Reit

Q6 – Jun15

1.290

$0.770

6.714%

$0.900

35.50%

Retail (86.1%) + Office (13.9%) ; Singapore (65%) + Malaysia (13.5%) + Australia (16%) + China (3.5%) + Japan (2%) by Revenue

Suntec Reit

Q2 – Jun15

2.500

$1.530

6.554%

$2.076

35.30%

Retail + Office

CapitaCom Trust

1H – Jun15

4.310

$1.330

6.481%

$1.720

29.50%

Office (67%) + Retail (20%) + Hotel (13%) by Gross Rental Income

Keppel DC REIT

1H – Jun15

3.560

$1.030

6.276%

$0.850

26.40%

Data Centres – 8

Fortune Reit HKD

1H – Jun15

23.380

$7.580

6.169%

$12.490

30.60%

Retail (HK) – 17

Ascott Reit

1H – Jun15

3.847

$1.250

6.155%

$1.370

35.80%

Serviced Apts (90) : AsiaPacific (68.7%) + Europe (31.3%) by Valuation

Mapletree Com Tr

Q1 – Jun15

2.010

$1.320

6.091%

$1.240

36.40%

Retail + Office

Frasers Cpt Tr

Q3 – Jun15

3.036

$1.945

5.930%

$1.850

28.70%

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

ParkwayLife Reit

Q2 – Jun15

3.350

$2.280

5.877%

$1.680

34.10%

Hospitals + Nursing Homes = 47 : Singapore 64.2% + Japan 35.8% by NPI

CapitaMall Trust

Q2 – Jun15

2.710

$1.920

5.661%

$1.810

33.70%

Retail (16) + Office

SPHREIT

Q3 – May15

1.350

$0.960

5.625%

$0.930

26.00%

Retail (2)

NOTES :

  • Mkt Price is as on 31-Aug-15
  • Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
  • IREIT Actual DPU Paid = 2.21ct as Rights Shares issued on 6-Aug-15 also qualifies for 1H DU Payout ; For FY15, DPU Hedged @ €1 : S$1.54
  • OUE C-REIT : Actual DPU Paid = 2ct as Rights Shares issued on 4-Aug-15 also qualifies for 1H DU Payout
  • A-HTrust : DPU Not Paid as Semi-Annual Payout Policy
  • MGCT : DPU Not Paid as Semi-Annual Payout Policy
  • FHT : DPU = Actual Payout 2.21ct as 0.65ct fm Japan Assets (14-Jul-14 to 31-Mar-15) will Only be Rx in May/Jun and to be Paid out in Sep Q ; DPU Not Paid as Semi-Annual Payout Policy
  • StarHill Global : Annualised DPU = 5.17ct
  • CDL H-Trust : Annualised DPU = 9.44ct
  • CRCT : : Annualised DPU = 10.83ct
  • PLife : Annualised DPU = 13.4ct ; Includes Divestment Gain = 0.37ct (2nd of 4 Tranches)
  • VIT : Annualised DPU = 7.416ct
  • Suntec : Annualised DPU = 10.027ct
  • Cambridge : Annualised DPU = 4.913ct
  • CMT : Annualised DPU = 10.87ct
  • FCT : Above Yield is Computed using last 4Qs DPU = 11.52ct ie 2.75ct (Dec14) + 2.785ct (Sep14) + 3.036ct (Jun15) + 2.963ct (Mar15)
  • A-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • FirstREIT : Annualised DPU = 8.33ct
  • CLT : Annualised DPU = 8.584ct
  • FCOT : Annualised DPU = 9.43ct
  • Sabana : Annualised DPU = 7.22ct
  • Keppel DC REIT : For the Period 12-Dec-14 to 30-Jun-15
  • SB REIT : DPU = Actual Payout = 0.987ct (5-May-15 to 30-Jun-15) ; Advanced DPU (Already Paid) = 0.628ct (1-Apr-15 to 4-May-15)
  • 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
  • A-REIT : DPU Semi-Annual Payout Policy fm FY15(Mar)
  • 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
  • MLT : Includes 0.2ct Divestment Gain for 8 Qs from Q114 (Jun13)

    
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q2 – Jun15

0

$0.157

0.000%

$0.430

Shipping Trust

RickmersMaritime

Q2 – Jun15

0.6

$0.220

15.412%

$0.560

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4128:US$1 fm Yahoo Finance)
  • Rickmers : 29% Payout
  • 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

FY14 – Proforma

3.73

$0.475

7.853%

$0.360

Infrastructure

Ascendas-iTrust

Q1 – Jun15

1.37

$0.885

6.192%

$0.640

India – Industrial Park

IndiabullsTrust

2H – Mar15

0.069

$0.225

0.620%

$1.692

India – Office

HPH Trust USD

1H – Jun15

15.7

$0.525

9.339%

HK$4.79

Ports – HK + China

Religare Htrust

Q1 – Jun15

1.94

$0.945

8.212%

$0.907

India – Healthcare

Croesus Rtrust

2H – Jun15

3.92

$0.895

8.760%

Y83.95

Japan – Retail (7)

Asian Pay TV Tr

Q2 – Jun15

2

$0.815

10.123%

$0.890

Taiwan PayTV

Accordia Golf Tr

2H – Mar15

5.71

$0.635

13.507%

$0.870

Japan Golf Courses – 89

NOTES :

  • CroesusRT : Exchange Rate Y100 = S$1.1643
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15 ; Above DPU & NAV had been Re-Adjusted accordingly
  • Religare : DPU Not Paid as Semi-Annual Payout Policy
  • APTT : Above Yield uses DPU = 8.25ct as FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • Indiabulls : Yield Computed Using 0.0138ct (2H15) + 0.0141ct (1H15) ; No DPU Payout for Q116 (Jun15) as Semi-Annual Payout Policy
  • KIT : DPU = 0.25ct (29-May-15 to 30-Jun-15) ; Above Yield Uses Proforma FY14 DPU = 3.73ct as per Circular dated 20-May-15
  • a-iTrust : Above DPU is based on 90% Payoutt ; DPU Not Paid as Semi-Annual Payout Policy
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7503 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec14) = HK22.3ct
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia : Above DPU for the Period 1-Aug-14 to 31-Mar-15 ; Includes Non-Recurring Cash Flows
  • 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
  • Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
  • 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

 

 

August 31, 2015 Yield Comments Off on August 2015

July 2015

 

SGX Announcements

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

 

 
 

REITs : Average Yield = 6.823%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Viva Ind Tr

Q2 – Jun15

1.849

$0.785

9.447%

$0.830

38.90%

Biz Park (70.4%) + Hotel (14.6%) + Light Industrial (12.1%) + Logistics (2.9%) by Valuation

IREIT Global

Q1 – Mar15

1.610

$0.710

9.070%

$0.728

31.80%

Offices : Germany

Lippo Malls Tr

Q1 – Mar15

0.790

$0.355

8.901%

$0.417

31.60%

Retail (Indonesia) – 17

Sabana REIT

Q2 – Jun15

1.800

$0.825

8.752%

$1.040

37.90%

Industrial (23)

OUE COMMERCIAL REIT

Q1 – Mar15

1.440

$0.700

8.229%

$1.100

38.60%

Retail (9.9%) + Office (90.1%) by Revenue

Cache Log Trust

Q2 – Jun15

2.140

$1.080

7.948%

$0.973

38.00%

Industrial : Singapore (12) + Shanghai (1) + Australia (3)

FHT

Q3 – Jun15

1.560

$0.820

7.610%

$0.843

38.80%

Hotel (60.7%) + Serviced Apt (39.3%)

SoilbuildBizREIT

Q2 – Jun15

1.615

$0.855

7.556%

$0.790

36.30%

Business Park 34% + Industrial 66% by NPI

Ascendas-hTrust

2H – Mar15

2.553

$0.695

7.345%

$0.740

37.20%

Hotels (12) : Australia (54%) + Singapore (23%) + Japan (18%) + China (5%) by NPI

AIMSAMP Cap Reit

Q1 – Jun15

2.750

$1.500

7.333%

$1.520

31.20%

Industrial (26)

Cambridge Ind Tr

Q2 – Jun15

1.225

$0.670

7.333%

$0.676

37.20%

Industrial (51)

Saizen REIT

1H – Dec14

3.100

$0.860

7.209%

$1.130

37.00%

Residential (Japan) – 136

Mapletree Ind Tr

Q1 – Jun15

2.730

$1.525

7.161%

$1.320

30.00%

Industrial (84)

OUE Htrust

Q1 – Mar15

1.610

$0.910

7.077%

$0.900

42.10%

Hotel (73%) + Retail (27%) by NPI

Mapletree GCC Tr

Q1 – Jun15

1.696

$0.980

6.922%

$1.145

41.20%

Retail + Office (China + HK)

CapitaR China Tr

1H – Jun15

5.370

$1.590

6.811%

$1.650

0.00%

Retail (China) – 10

Mapletree Log Tr

Q1 – Jun15

1.850

$1.110

6.667%

$1.010

34.40%

Industrial (118)

Frasers Com Tr

Q3 – Jun15

2.351

$1.455

6.481%

$1.540

37.30%

Singapore (68%) + Australia (32%) by Valuation

Keppel Reit

Q2 – Jun15

1.720

$1.075

6.400%

$1.380

42.60%

Offices : Singapore (4) + Australia (5)

Ascendas Reit

Q1 – Jun15

3.841

$2.420

6.349%

$2.050

34.70%

Industrial : Singapore (103) + China (2)

Ascott Reit

1H – Jun15

3.847

$1.250

6.155%

$1.370

35.80%

Serviced Apts (90) : AsiaPacific (68.7%) + Europe (31.3%) by Valuation

Far East HTrust

Q1 – Mar15

1.070

$0.700

6.114%

$0.968

31.50%

Hotels (64%) + Serviced Apts (14.5%) + Commercial (21.5%) by Revenue

CDL Htrust

1H – Jun15

4.690

$1.560

6.051%

$1.619

32.00%

Hotels : Singapore (75.1%) + Australia (9.6%) + NZ (4.4%) + Maldives (8.1%) + Japan (2.8%) by Valuation

CapitaCom Trust

1H – Jun15

4.310

$1.425

6.049%

$1.720

29.50%

Office (67%) + Retail (20%) + Hotel (13%) by Gross Rental Income

Keppel DC REIT

1H – Jun15

3.560

$1.085

5.958%

$0.850

26.40%

Data Centres – 8

StarhillGbl Reit

Q6 – Jun15

1.290

$0.870

5.943%

$0.900

35.50%

Retail (86.1%) + Office (13.9%) ; Singapore (65%) + Malaysia (13.5%) + Australia (16%) + China (3.5%) + Japan (2%) by Revenue

First REIT

Q2 – Jun15

2.070

$1.410

5.908%

$1.019

32.90%

Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

Mapletree Com Tr

Q1 – Jun15

2.010

$1.365

5.890%

$1.240

36.40%

Retail + Office

Suntec Reit

Q2 – Jun15

2.500

$1.705

5.881%

$2.076

35.30%

Retail + Office

Frasers Cpt Tr

Q3 – Jun15

3.036

$2.060

5.599%

$1.850

28.70%

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

Fortune Reit HKD

1H – Jun15

23.380

$8.390

5.573%

$12.490

30.60%

Retail (HK) – 17

ParkwayLife Reit

Q2 – Jun15

3.350

$2.430

5.514%

$1.680

34.10%

Hospitals + Nursing Homes = 47 : Singapore 64.2% + Japan 35.8% by NPI

CapitaMall Trust

Q2 – Jun15

2.710

$2.000

5.435%

$1.810

33.70%

Retail (16) + Office

SPHREIT

Q3 – May15

1.350

$1.020

5.294%

$0.930

26.00%

Retail (2)

NOTES :

  • Mkt Price is as on 31-Jul-15
  • MGCT : DPU Not Paid as Semi-Annual Payout Policy
  • FHT : DPU = Actual Payout 2.21ct as 0.65ct fm Japan Assets (14-Jul-14 to 31-Mar-15) will Only be Rx in May/Jun and to be Paid out in Sep Q ; DPU Not Paid as Semi-Annual Payout Policy
  • StarHill Global : Annualised DPU = 5.17ct
  • CDL H-Trust : Annualised DPU = 9.44ct
  • CRCT : : Annualised DPU = 10.83ct
  • PLife : Annualised DPU = 13.4ct ; Includes Divestment Gain = 0.37ct (2nd of 4 Tranches)
  • VIT : Annualised DPU = 7.416ct
  • Suntec : Annualised DPU = 10.027ct
  • Cambridge : Annualised DPU = 4.913ct
  • CMT : Annualised DPU = 10.87ct
  • FCT : Above Yield is Computed using last 4Qs DPU = 11.52ct ie 2.75ct (Dec14) + 2.785ct (Sep14) + 3.036ct (Jun15) + 2.963ct (Mar15)
  • A-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • FirstREIT : Annualised DPU = 8.33ct
  • CLT : Annualised DPU = 8.584ct
  • FCOT : Annualised DPU = 9.43ct
  • Sabana : Annualised DPU = 7.22ct
  • Keppel DC REIT : For the Period 12-Dec-14 to 30-Jun-15
  • SB REIT : DPU = Actual Payout = 0.987ct (5-May-15 to 30-Jun-15) ; Advanced DPU (Already Paid) = 0.628ct (1-Apr-15 to 4-May-15)
  • 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%
  • Saizen : DPU Not Paid as Semi-Annual Payout Policy ; DPU Based on Hedged Rate of Y81.9 : S$1 ; For next DPU Payout on 2H15 (Jun-15), DPU Hedged @ Y85.6 & Y87 for 1H16 (Mar-16)
  • IREIT : DPU Not Paid as Semi-Annual Payout Policy ; For FY15, DPU Hedged @ €1 : S$1.55
  • OUE C-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • 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
  • A-REIT : DPU Semi-Annual Payout Policy fm FY15(Mar)
  • 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
  • MLT : Includes 0.2ct Divestment Gain for 8 Qs from Q114 (Jun13)

    
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q1 – Mar15

0

$0.174

0.000%

$0.410

Shipping Trust

RickmersMaritime

Q1 – Mar15

0.6

$0.265

12.397%

$0.590

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3688:US$1 fm Yahoo Finance)
  • Rickmers : 26% Payout
  • 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 fka CIT

FY14 – Proforma

3.73

$0.520

7.173%

$0.360

Infrastructure

Ascendas-iTrust

Q1 – Jun15

1.37

$0.935

5.861%

$0.640

India – Industrial Park

Indiabulls Trust

2H – Mar15

0.0138

$0.080

0.349%

$0.352

India – Office

HPH Trust USD

1H – Jun15

15.7

$0.600

8.169%

HK$4.79

Ports – HK + China

Religare Htrust

2H – Mar15

3.71

$1.055

7.033%

$0.968

India – Healthcare

Croesus Rtrust

Q3 – Mar15

1.9

$0.920

8.380%

Y72.87

Japan – Retail (7)

Asian Pay TV Tr

Q1 – Mar15

2

$0.835

9.880%

$0.900

Taiwan PayTV

Accordia Golf Tr

2H – Mar15

5.71

$0.640

13.401%

$0.870

Japan Golf Courses – 89

NOTES :

  • KIT : DPU = 0.25ct (29-May-15 to 30-Jun-15) ; Above Yield Uses Proforma FY14 DPU = 3.73ct as per Circular dated 20-May-15
  • a-iTrust : Above DPU is based on 90% Payoutt ; DPU Not Paid as Semi-Annual Payout Policy
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7529:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec14) = HK22.3ct
  • Indiabulls : Yield Computed Using 0.0138ct (2H15) + 0.0141ct (1H15)
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia : Above DPU for the Period 1-Aug-14 to 31-Mar-15 ; Includes Non-Recurring Cash Flows
  • CroesusRT : Exchange Rate Y100 = S$1.1061 ; Annualised DPU = 7.71ct ; No DPU Payout as Semi-Annual Payout Policy
  • APTT : Above Yield uses DPU = 8.25ct as FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • 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
  • Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
  • 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 31, 2015 Yield Comments Off on July 2015

June 2015

 
 

REITs : Average Yield = 6.573%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Viva Ind Tr

Q1 – Mar15

1.870

$0.795

9.540%

$0.771

43.40%

Biz Park (66.8%) + Hotel (16.4%) + Light Industrial (13.5%) + Logistics (3.3%) by Valuation

Lippo Malls Tr

Q1 – Mar15

0.790

$0.365

8.658%

$0.417

31.60%

Retail (Indonesia) – 17

Sabana REIT

Q1 – Mar15

1.780

$0.850

8.494%

$1.040

38.00%

Industrial (23)

IREIT Global

Q1 – Mar15

1.610

$0.800

8.050%

$0.721

31.80%

Offices : Germany

AIMSAMP Cap Reit

Q4 – Mar15

2.920

$1.495

7.813%

$1.525

31.40%

Industrial (26)

SoilbuildBizREIT

Q1 – Mar15

1.633

$0.850

7.685%

$0.800

38.50%

Business Park 36% + Industrial 64% by NPI

Cache Log Trust

Q1 – Mar15

2.146

$1.155

7.535%

$0.980

36.60%

Industrial : Singapore (13) + Shanghai (1) + Australia (3)

Cambridge Ind Tr

Q1 – Mar15

1.225

$0.685

7.253%

$0.680

36.40%

Industrial (50)

Ascendas-hTrust

2H – Mar15

2.553

$0.705

7.241%

$0.740

37.20%

Hotels (12) : Australia (54%) + Singapore (23%) + Japan (18%) + China (5%) by NPI

Saizen REIT

1H – Dec14

3.100

$0.865

7.168%

$1.130

37.00%

Residential (Japan) – 136

OUE COMMERCIAL REIT

Q1 – Mar15

1.440

$0.815

7.067%

$1.100

38.60%

Retail (9.9%) + Office (90.1%) by Revenue

FHT

1H – Mar15

4.340

$0.860

7.057%

$0.867

38.40%

Hotel (60.7%) + Serviced Apt (39.3%)

OUE Htrust

Q1 – Mar15

1.610

$0.935

6.888%

$0.900

42.10%

Hotel (73%) + Retail (27%) by NPI

Mapletree Ind Tr

Q4 – Mar15

2.650

$1.560

6.795%

$1.320

30.60%

Industrial (84)

Mapletree GCC Tr

2H – Mar15

3.398

$1.020

6.663%

$1.198

36.20%

Retail + Office (China + HK)

Mapletree Log Tr

Q4 – Mar15

1.850

$1.130

6.549%

$1.010

34.30%

Industrial (117)

Frasers Com Tr

Q2 – Mar15

2.375

$1.530

6.307%

$1.550

37.20%

Singapore (68%) + Australia (32%) by Valuation

CapitaR China Tr

Q1 – Mar15

2.640

$1.740

6.155%

$1.620

28.60%

Retail (China) – 10

Keppel DC REIT

Q1 – Mar15

1.940

$1.050

6.131%

$0.870

26.70%

Data Centres – 8

CDL Htrust

Q1 – Mar15

2.440

$1.630

6.067%

$1.615

32.30%

Hotels : Singapore (75.1%) + Australia (9.6%) + NZ (4.4%) + Maldives (8.1%) + Japan (2.8%) by Valuation

First REIT

Q1 – Mar15

2.060

$1.390

6.007%

$1.019

33.10%

Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3)

Fortune Reit HKD

Q1 – Mar15

11.630

$7.780

5.979%

$11.870

33.20%

Retail (HK) – 17

Keppel Reit

Q1 – Mar15

1.700

$1.145

5.939%

$1.390

42.40%

Offices : Singapore (4) + Australia (5)

Ascendas Reit

2H – Mar15

7.300

$2.460

5.935%

$2.080

33.50%

Industrial : Singapore (104) + China (2)

StarhillGbl Reit

Q5 – Mar15

1.260

$0.880

5.807%

$0.930

28.70%

Retail (86.4%) + Office (13.6%) ; Singapore (67.8%) + Malaysia (15.1%) + Australia (9.9%) + China (4.9%) + Japan (2.3%) by Revenue

Frasers Cpt Tr

Q2 – Mar15

2.963

$2.060

5.592%

$1.860

28.60%

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

ParkwayLife Reit

Q1 – Mar15

3.210

$2.300

5.583%

$1.680

34.40%

Hospitals + Nursing Homes = 47 : Singapore 62% + Japan 37% by Revenue

Far East HTrust

Q1 – Mar15

1.070

$0.775

5.523%

$0.968

31.50%

Hotels (64%) + Serviced Apts (14.5%) + Commercial (21.5%) by Revenue

Mapletree Com Tr

Q4 – Mar15

2.000

$1.465

5.461%

$1.240

36.40%

Retail + Office

Ascott Reit

Q1 – Mar15

1.760

$1.290

5.457%

$1.360

38.70%

Serviced Apts (90) : AsiaPacific (68.8%) + Europe (31.2%) by Valuation

CapitaCom Trust

Q1 – Mar15

2.120

$1.560

5.436%

$1.700

29.90%

Office (67%) + Retail (20%) + Hotel (13%) by Gross Rental Income

SPHREIT

Q2 – Feb15

1.400

$1.045

5.359%

$0.930

26.00%

Retail (2)

Suntec Reit

Q1 – Mar15

2.230

$1.725

5.243%

$2.085

34.80%

Retail + Office

CapitaMall Trust

Q1 – Mar15

2.680

$2.150

5.056%

$1.800

33.80%

Retail (16) + Office

NOTES :

  • Mkt Price is as on 30-Jun-15
  • Saizen : DPU Not Paid as Semi-Annual Payout Policy ; DPU Based on Hedged Rate of Y81.9 : S$1 ; For next DPU Payout on 2H15 (Jun-15), DPU Hedged @ Y85.6 & Y87 for 1H16 (Mar-16)
  • FortuneREIT : DPU Not Paid as Semi-Annual Payout Policy
  • IREIT : DPU Not Paid as Semi-Annual Payout Policy ; For FY15, DPU Hedged @ €1 : S$1.55
  • OUE C-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • FHT : DPU = Actual Payout 3.69ct (14-Jul-14 to 31-Mar-15) as 0.65ct fm Japan Assets will Only be Rx in May/Jun and to be Paid out in Sep Q
  • CDL H-Trust : Annualised DPU = 9.89ct ; DPU Not Paid as Semi-Annual Payout Policy
  • StarHill Global : Annualised DPU = 5.11ct
  • PLife : Annualised DPU = 12.84ct ; Includes Divestment Gain = 0.37ct (1st of 4 Tranches)
  • CRCT : : Annualised DPU = 10.71ct ; DPU Not Paid as Semi-Annual Payout Policy
  • AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
  • FCOT : Annualised DPU = 9.65ct
  • Suntec : Annualised DPU = 9.044ct
  • VIT : Annualised DPU = 7.584ct
  • FCT : Above Yield is Computed using last 4Qs DPU = 11.52ct ie 2.75ct (Dec14) + 2.785ct (Sep14) + 3.022ct (Jun14) + 2.963ct (Mar15)
  • CLT : Annualised DPU = 8.703ct
  • CCT : DPU Not Paid as Semi-Annual Payout Policy
  • Cambridge : Annualised DPU = 4.968ct
  • CMT : Annualised DPU = 10.87ct
  • Sabana : Annualised DPU = 7.22ct
  • FirstREIT : Annualised DPU = 8.35ct
  • Keppel DC REIT : DPU Not Paid as Semi-Annual Payout Policy ; For the Period 12-Dec-14 to 31-Mar-15
  • 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
  • A-REIT : DPU Semi-Annual Payout Policy fm FY15(Mar)
  • 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
  • MLT : Includes 0.2ct Divestment Gain for 8 Qs from Q114 (Jun13)
  • SoilBuild Business Space REIT : IPO Prospectus ; DPU : FY13 = 4.37ct (1-Apr-13 to 31-Dec-13) / FY14 = 5.97ct ; Yield : FY13 = 7.47% / FY14 = 7.654% ; Gearing = 29.9% ; NAV = $0.80 ; Listing on 16-Aug-13 2pm @ $0.78
  • OUE H-Trust : IPO Prospectus ; DPU : FY13 = 4.77ct (1-Apr-13 to 31-Dec-13) / FY14 = 6.57ct ; Yield : FY13 = 7.194% / FY14 = 7.466% ; Gearing = 33.2% ; NAV = $0.903 ; Listing on 25-Jul-13 2pm @ $0.78
  • MGCT : IPO Prospectus ; DPU : FY14 (Mar) = 5.24ct / FY15 (Mar) = 5.69ct ; Yield : FY14 = 5.634% / FY15 = 6.118% ; Gearing = 43% ; NAV = $0.91 ; Listing on 7-Mar-13 2pm @ $0.93

    
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

FSL Trust

Q1 – Mar15

0

$0.174

0.000%

$0.410

Shipping Trust

RickmersMaritime

Q1 – Mar15

0.6

$0.260

12.413%

$0.590

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3447:US$1 fm Yahoo Finance)
  • Rickmers : 26% Payout
  • 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 fka CIT

FY14 – Proforma

3.73

$0.545

6.844%

$0.340

Infrastructure

Ascendas-iTrust

2H – Mar15

2.46

$0.895

5.497%

$0.680

India – Industrial Park

Indiabulls Trust

2H – Mar15

0.0138

$0.084

0.332%

$0.352

India – Office

HPH Trust USD

2H – Dec14

22.3

$0.630

8.395%

HK$4.90

Ports – HK + China

Religare Htrust

2H – Mar15

3.71

$1.020

7.275%

$0.968

India – Healthcare

Croesus Rtrust

Q3 – Mar15

1.90

$0.935

8.246%

Y72.87

Japan – Retail (7)

Asian Pay TV Tr

Q1 – Mar15

2.00

$0.850

9.706%

$0.900

Taiwan PayTV

Accordia Golf Tr

2H – Mar15

5.71

$0.690

12.430%

$0.870

Japan Golf Courses – 89

NOTES :

  • Indiabulls : Yield Computed Using 0.0138ct (2H15) + 0.0141ct (1H15)
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia : Above DPU for the Period 1-Aug-14 to 31-Mar-15 ; Includes Non-Recurring Cash Flows
  • CroesusRT : Exchange Rate Y100 = S$1.1014 ; Annualised DPU = 7.71ct ; No DPU Payout as Semi-Annual Payout Policy
  • APTT : Above Yield uses DPU = 8.25ct as FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • a-iTrust : Above DPU is based on 90% Payoutt
  • HPH Trust : No DPU Paid as Semi-Annual Payout Policy
  • KIT : No DPU Paid as Semi-Annual Payout Policy
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7522:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun14) = HK18.7ct + 2H (Dec14) = HK22.3ct
  • 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
  • Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
  • 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, 2015 Yield Comments Off on June 2015