Category: Yield
May 2015
Results Announcement
- 6 May 15 : OUE C-REIT (Updated)
- 6 May 15 : Cityspring (Updated)
- 7 May 15 : IREIT Global (Updated)
- 7 May 15 : LMIR (Updated)
- 7 May 15 : OUE H-Trust (Updated)
- 8 May 15 : Fortune (Updated)
- 8 May 15 : A-HTrust (Updated)
- 12 May 15 (AM) – APTT (Updated)
- 12 May 15 : Saizen (Updated)
- 13 May 15 : FSL (Updated)
- 14 May 15 (AM) : CRT (Updated)
- 19 May 15 (AM) : Accordia (Updated)
- 20 May 15 (AM) : Indiabulls (Updated)
- 27 May 15 : Religare (Updated)
REITs : Average Yield = 6.439%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Viva Ind Tr |
Q1 – Mar15 |
1.870 |
$0.835 |
9.083% |
$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 |
$0.375 |
8.427% |
$0.417 |
31.60% |
Retail (Indonesia) – 17 |
|
Sabana REIT |
Q1 – Mar15 |
1.780 |
$0.860 |
8.395% |
$1.040 |
38.00% |
Industrial (23) |
|
IREIT Global |
Q1 – Mar15 |
1.610 |
$0.805 |
8.000% |
$0.711 |
31.80% |
Offices : Germany |
|
AIMSAMP Cap Reit |
Q4 – Mar15 |
2.920 |
$1.505 |
7.761% |
$1.525 |
31.40% |
Industrial (26) |
|
SoilbuildBizREIT |
Q1 – Mar15 |
1.633 |
$0.870 |
7.508% |
$0.800 |
38.50% |
Business Park 36% + Industrial 64% by NPI |
|
Cache Log Trust |
Q1 – Mar15 |
2.146 |
$1.160 |
7.503% |
$0.980 |
36.60% |
Industrial : Singapore (13) + Shanghai (1) + Australia (3) |
|
Ascendas-hTrust |
2H – Mar15 |
2.553 |
$0.715 |
7.140% |
$0.740 |
37.20% |
Hotels (12) : Australia (54%) + Singapore (23%) + Japan (18%) + China (5%) by NPI |
|
Saizen REIT |
1H – Dec14 |
3.100 |
$0.885 |
7.006% |
$1.130 |
37.00% |
Residential (Japan) – 136 |
|
Cambridge Ind Tr |
Q1 – Mar15 |
1.225 |
$0.710 |
6.997% |
$0.680 |
36.40% |
Industrial (50) |
|
OUE COMMERCIAL REIT |
Q1 – Mar15 |
1.440 |
$0.825 |
6.982% |
$1.100 |
38.60% |
Retail (9.9%) + Office (90.1%) by Revenue |
|
FHT |
1H – Mar15 |
4.340 |
$0.870 |
6.976% |
$0.867 |
38.40% |
Hotel (60.7%) + Serviced Apt (39.3%) |
|
OUE Htrust |
Q1 – Mar15 |
1.610 |
$0.955 |
6.743% |
$0.900 |
42.10% |
Hotel (73%) + Retail (27%) by NPI |
|
Mapletree Ind Tr |
Q4 – Mar15 |
2.650 |
$1.595 |
6.646% |
$1.320 |
30.60% |
Industrial (84) |
|
Mapletree Log Tr |
Q4 – Mar15 |
1.850 |
$1.165 |
6.352% |
$1.010 |
34.30% |
Industrial (117) |
|
Mapletree GCC Tr |
2H – Mar15 |
3.398 |
$1.070 |
6.351% |
$1.198 |
36.20% |
Retail + Office (China + HK) |
|
Frasers Com Tr |
Q2 – Mar15 |
2.375 |
$1.555 |
6.206% |
$1.550 |
37.20% |
Singapore (68%) + Australia (32%) by Valuation |
|
CapitaR China Tr |
Q1 – Mar15 |
2.640 |
$1.735 |
6.173% |
$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 |
|
Ascendas Reit |
2H – Mar15 |
7.300 |
$2.400 |
6.083% |
$2.080 |
33.50% |
Industrial : Singapore (104) + China (2) |
|
Fortune Reit HKD |
Q1 – Mar15 |
11.630 |
$7.770 |
5.987% |
$11.870 |
33.20% |
Retail (HK) – 17 |
|
StarhillGbl Reit |
Q5 – Mar15 |
1.260 |
$0.875 |
5.840% |
$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 |
|
CDL Htrust |
Q1 – Mar15 |
2.440 |
$1.715 |
5.767% |
$1.615 |
32.30% |
Hotels : Singapore (75.1%) + Australia (9.6%) + NZ (4.4%) + Maldives (8.1%) + Japan (2.8%) by Valuation |
|
Keppel Reit |
Q1 – Mar15 |
1.700 |
$1.195 |
5.690% |
$1.390 |
42.40% |
Offices : Singapore (4) + Australia (5) |
|
First REIT |
Q1 – Mar15 |
2.060 |
$1.470 |
5.680% |
$1.019 |
33.10% |
Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
|
Ascott Reit |
Q1 – Mar15 |
1.760 |
$1.285 |
5.479% |
$1.360 |
38.70% |
Serviced Apts (90) : AsiaPacific (68.8%) + Europe (31.2%) by Valuation |
|
ParkwayLife Reit |
Q1 – Mar15 |
3.210 |
$2.350 |
5.464% |
$1.680 |
34.40% |
Hospitals + Nursing Homes = 47 : Singapore 62% + Japan 37% by Revenue |
|
Frasers Cpt Tr |
Q2 – Mar15 |
2.963 |
$2.130 |
5.408% |
$1.860 |
28.60% |
Retail (6) + 31.17% of Hektar (MREIT) |
|
SPHREIT |
Q2 – Feb15 |
1.400 |
$1.040 |
5.385% |
$0.930 |
26.00% |
Retail (2) |
|
Far East HTrust |
Q1 – Mar15 |
1.070 |
$0.800 |
5.350% |
$0.968 |
31.50% |
Hotels (64%) + Serviced Apts (14.5%) + Commercial (21.5%) by Revenue |
|
CapitaCom Trust |
Q1 – Mar15 |
2.120 |
$1.615 |
5.251% |
$1.700 |
29.90% |
Office (67%) + Retail (20%) + Hotel (13%) by Gross Rental Income |
|
Mapletree Com Tr |
Q4 – Mar15 |
2.000 |
$1.555 |
5.145% |
$1.240 |
36.40% |
Retail + Office |
|
Suntec Reit |
Q1 – Mar15 |
2.230 |
$1.800 |
5.024% |
$2.085 |
34.80% |
Retail + Office |
|
CapitaMall Trust |
Q1 – Mar15 |
2.680 |
$2.170 |
5.009% |
$1.800 |
33.80% |
Retail (16) + Office |
NOTES :
- Mkt Price is as on 29-May-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 |
$0.184 |
0.000% |
$0.410 |
Shipping Trust |
|
RickmersMaritime |
Q1 – Mar15 |
0.6 |
$0.280 |
11.565% |
$0.590 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3493: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 |
$0.535 |
6.972% |
$0.340 |
Infrastructure |
|
Ascendas-iTrust |
2H – Mar15 |
2.46 |
$0.885 |
5.559% |
$0.680 |
India – Industrial Park |
|
Indiabulls Trust |
2H – Mar15 |
0.0138 |
$0.092 |
0.303% |
$0.352 |
India – Office |
|
HPH Trust USD |
2H – Dec14 |
22.3 |
$0.660 |
8.012% |
HK$4.90 |
Ports – HK + China |
|
Religare Htrust |
2H – Mar15 |
3.71 |
$1.060 |
7.000% |
$0.968 |
India – Healthcare |
|
Croesus Rtrust |
Q3 – Mar15 |
1.90 |
$0.945 |
8.159% |
Y72.87 |
Japan – Retail (7) |
|
Asian Pay TV Tr |
Q1 – Mar15 |
2.00 |
$0.920 |
8.967% |
$0.900 |
Taiwan PayTV |
|
Accordia Golf Tr |
2H – Mar15 |
5.71 |
$0.785 |
10.926% |
$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$1.0880 ; Annualised DPU = 7.71ct ; No DPU Payout as Semi-Annual Payout Policy
- APTT : Above Yield uses DPU = 8.25ct as FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
- a-iTrust : Above DPU is based on 90% Payoutt
- HPH Trust : No DPU Paid as Semi-Annual Payout Policy
- KIT : No DPU Paid as Semi-Annual Payout Policy
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7533: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
April 2015
Results Announcement
- 9 Apr 15 : Keppel DC REIT (Updated)
- 13 Apr 15 : SPHREIT (Updated)
- 13 Apr 15 : KeppelREIT (Updated)
- 13 Apr 15 : KIT (Updated)
- 13 Apr 15 : SB REIT (Updated)
- 14 Apr 15 : FirstREIT (Updated)
- 20 Apr 15 : Sabana (Updated)
- 20 Apr 15 : MLT (Updated)
- 21 Apr 15 (AM) : CMT (Updated)
- 21 Apr 15 : MIT (Updated)
- 22 Apr 15 (AM) : Cambridge (Updated)
- 22 Apr 15 (AM) : CCT (Updated)
- 22 Apr 15 : MCT (Updated)
- 22 Apr 15 : CLT (Updated)
- 22 Apr 15 : FCT (Updated)
- 22 Apr 15 : VIT (Updated)
- 23 Apr 15 : MGCT (Updated)
- 23 Apr 15 : A-REIT (Updated)
- 23 Apr 15 : AscottREIT (Updated)
- 23 Apr 15 : FCOT (Updated)
- 23 Apr 15 : Suntec (Updated)
- 24 Apr 15 : CRCT (Updated)
- 24 Apr 15 : Rickmers (Updated)
- 27 Apr 15 : HPH-Trust (Updated)
- 29 Apr 15 (AM) : PLife (Updated)
- 29 Apr 15 (AM) : AIMSAMPReit (Updated)
- 29 Apr 15 (AM) : FE-HTrust (Updated)
- 29 Apr 15 : Starhill Global (Updated)
- 29 Apr 15 : a-iTrust (Updated)
- 29 Apr 15 : CDL H-Trust (Updated)
- 30 Apr 15 : FHT (Updated)
- 6 May 15 : OUE C-REIT
- 7 May 15 : IREIT Global
- 7 May 15 : LMIR
- 7 May 15 : OUE H-Trust
- 8 May 15 : Fortune
- 8 May 15 : A-HTrust
- 13 May 15 (AM) : Saizen
- 14 May 15 (AM) : CRT
REITs : Average Yield = 6.408%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Viva Ind Tr |
Q1 – Mar15 |
1.870 |
$0.830 |
9.137% |
$0.771 |
43.40% |
Biz Park (66.8%) + Hotel (16.4%) + Light Industrial (13.5%) + Logistics (3.3%) by Valuation |
|
Sabana REIT |
Q1 – Mar15 |
1.780 |
$0.865 |
8.347% |
$1.040 |
38.00% |
Industrial (23) |
|
IREIT Global |
Q4 – Dec14 |
2.570 |
$0.825 |
8.064% |
$0.709 |
31.50% |
Offices : Germany |
|
Lippo Malls Tr |
Q4 – Dec 14 |
0.710 |
$0.360 |
7.889% |
$0.424 |
31.30% |
Retail (Indonesia) – 17 |
|
SoilbuildBizREIT |
Q1 – Mar15 |
1.633 |
$0.830 |
7.870% |
$0.800 |
38.50% |
Business Park 36% + Industrial 64% by NPI |
|
AIMSAMP Cap Reit |
Q4 – Mar15 |
2.920 |
$1.530 |
7.634% |
$1.525 |
31.40% |
Industrial (26) |
|
Ascendas-hTrust |
Q3 – Dec14 |
1.300 |
$0.705 |
7.376% |
$0.690 |
38.90% |
Hotels (12) : Australia (63%) + Singapore (15%) + Japan (16%) + China (6%) by NPI |
|
Cache Log Trust |
Q1 – Mar15 |
2.146 |
$1.180 |
7.375% |
$0.980 |
36.60% |
Industrial : Singapore (13) + Shanghai (1) + Australia (3) |
|
OUE Htrust |
Q4 – Dec14 |
1.780 |
$0.975 |
7.303% |
$0.900 |
32.70% |
Hotel (69%) + Retail (31%) by Asset |
|
Saizen REIT |
1H – Dec14 |
3.100 |
$0.870 |
7.126% |
$1.100 |
36.00% |
Residential (Japan) – 136 |
|
Cambridge Ind Tr |
Q1 – Mar15 |
1.225 |
$0.700 |
7.097% |
$0.680 |
36.40% |
Industrial (50) |
|
OUE COMMERCIAL REIT |
2H – Dec14 |
2.840 |
$0.815 |
6.969% |
$1.100 |
38.30% |
Retail (10%) + Office (89%) by Revenue |
|
FHT |
1H – Mar15 |
4.340 |
$0.915 |
6.633% |
$0.867 |
38.40% |
Hotel (60.7%) + Serviced Apt (39.3%) |
|
Mapletree Ind Tr |
Q4 – Mar15 |
2.650 |
$1.610 |
6.584% |
$1.320 |
30.60% |
Industrial (84) |
|
Mapletree GCC Tr |
2H – Mar15 |
3.398 |
$1.060 |
6.411% |
$1.198 |
36.20% |
Retail + Office (China + HK) |
|
Frasers Com Tr |
Q2 – Mar15 |
2.375 |
$1.510 |
6.391% |
$1.550 |
37.20% |
Singapore (68%) + Australia (32%) by Valuation |
|
Keppel DC REIT |
Q1 – Mar15 |
1.940 |
$1.030 |
6.250% |
$0.870 |
26.70% |
Data Centres – 8 |
|
CapitaR China Tr |
Q1 – Mar15 |
2.640 |
$1.735 |
6.173% |
$1.620 |
28.60% |
Retail (China) – 10 |
|
Mapletree Log Tr |
Q4 – Mar15 |
1.850 |
$1.230 |
6.016% |
$1.010 |
34.30% |
Industrial (117) |
|
Ascendas Reit |
2H – Mar15 |
7.300 |
$2.470 |
5.911% |
$2.080 |
33.50% |
Industrial : Singapore (104) + China (2) |
|
StarhillGbl Reit |
Q5 – Mar15 |
1.260 |
$0.875 |
5.840% |
$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 |
|
CDL Htrust |
Q1 – Mar15 |
2.440 |
$1.715 |
5.767% |
$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 |
$1.450 |
5.759% |
$1.019 |
33.10% |
Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
|
Frasers Cpt Tr |
Q2 – Mar15 |
2.963 |
$2.070 |
5.565% |
$1.860 |
28.60% |
Retail (6) + 31.17% of Hektar (MREIT) |
|
Keppel Reit |
Q1 – Mar15 |
1.700 |
$1.230 |
5.528% |
$1.390 |
42.40% |
Offices : Singapore (4) + Australia (5) |
|
Ascott Reit |
Q1 – Mar15 |
1.760 |
$1.275 |
5.522% |
$1.360 |
38.70% |
Serviced Apts (90) : AsiaPacific (68.8%) + Europe (31.2%) by Valuation |
|
SPHREIT |
Q2 – Feb15 |
1.400 |
$1.050 |
5.333% |
$0.930 |
26.00% |
Retail (2) |
|
Fortune Reit HKD |
2H – Dec14 |
20.800 |
$7.910 |
5.259% |
$11.930 |
29.40% |
Retail (HK) – 17 |
|
ParkwayLife Reit |
Q1 – Mar15 |
3.210 |
$2.450 |
5.241% |
$1.680 |
34.40% |
Hospitals + Nursing Homes = 47 : Singapore 62% + Japan 37% by Revenue |
|
Far East HTrust |
Q1 – Mar15 |
1.070 |
$0.820 |
5.220% |
$0.968 |
31.50% |
Hotels (64%) + Serviced Apts (14.5%) + Commercial (21.5%) by Revenue |
|
Mapletree Com Tr |
Q4 – Mar15 |
2.000 |
$1.540 |
5.195% |
$1.240 |
36.40% |
Retail + Office |
|
Suntec Reit |
Q1 – Mar15 |
2.230 |
$1.770 |
5.110% |
$2.085 |
34.80% |
Retail + Office |
|
CapitaCom Trust |
Q1 – Mar15 |
2.120 |
$1.695 |
5.003% |
$1.700 |
29.90% |
Office (67%) + Retail (20%) + Hotel (13%) by Gross Rental Income |
|
CapitaMall Trust |
Q1 – Mar15 |
2.680 |
$2.190 |
4.963% |
$1.800 |
33.80% |
Retail (16) + Office |
NOTES :
- Mkt Price is as on 30-Apr-15
- 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
- IREIT : DPU Based on Hedged Rate of €1 : S$1.68 for the Period 13-Aug-14 to 31-Dec-14 ; For FY15, DPU Hedged @ €1 : S$1.55
- Saizen : DPU Based on Hedged Rate of Y81.9 : S$1 ; For next DPU Payout on 2H15 (Jun-15), DPU Hedged @ Y85.6
- A-HTrust : DPU Not Paid as Semi-Annual Payout Policy ; DPU = 1.57ct if Exclude CCS (Cross Currency Swap) Unwinding Expenses ; CCS Unwinding Ended on Oct-14
- 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
- Saizen : 5-to-1 Unit Consolidation on 5-Nov-13
- 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 |
Q4 – Dec14 |
0 |
$0.184 |
0.000% |
$0.410 |
Shipping Trust |
|
RickmersMaritime |
Q1 – Mar15 |
0.6 |
$0.285 |
11.121% |
$0.590 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3206: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 |
|
CitySpring Trust |
Q3 – Dec14 |
0.82 |
$0.580 |
5.655% |
$0.146 |
Infrastructure – Water + Gas + Power |
|
Keppel Infra Tr |
2H – Dec14 |
7.82 |
$1.135 |
6.890% |
$0.900 |
Energy (Incineration) + Water (NEWater) |
|
Ascendas-iTrust |
2H – Mar15 |
2.46 |
$0.895 |
5.497% |
$0.680 |
India – Industrial Park |
|
Indiabulls Trust |
1H – Sep14 |
0.0141 |
$0.090 |
0.337% |
$0.335 |
India – Office |
|
HPH Trust USD |
2H – Dec14 |
22.3 |
$0.675 |
7.837% |
HK$4.90 |
Ports – HK + China |
|
Religare Htrust |
Q3 – Dec14 |
1.82 |
$1.065 |
6.836% |
$0.859 |
India – Healthcare |
|
Croesus Rtrust |
1H – Dec14 |
4.16 |
$0.940 |
8.777% |
Y74.36 |
Japan – Retail (7) |
|
Asian Pay TV Tr |
Q4 – Dec14 |
2.13 |
$0.900 |
9.167% |
$0.890 |
Taiwan PayTV |
|
Accordia Golf Tr |
Q3 – Dec14 |
3.91 |
$0.810 |
7.494% |
$0.850 |
Japan Golf Courses – 89 |
NOTES :
- a-iTrust : Above DPU is based on 90% Payoutt
- HPH Trust : No DPU Paid for Q1 as Semi-Annual Payout Policy
- KIT : No DPU Paid for Q1 as Semi-Annual Payout Policy
- APTT : Above Yield uses DPU = 8.25ct ie 1H14 = 4.12ct + 2H13 = 4.13ct ; Quarterly DPU Payout from Q314 ; Q314 = 2ct ; Q414 = 2.13ct ; FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
- Religare : No DPU Payout as Semi-Annual Payout Policy
- Forterra : Delisted on 13-Feb-15 9AM
- Accordia : No DPU Payout as Semi-Annual Payout Policy ; Above Yield Based on Normalised DPU = 6.07ct (Refer to their Presentations) ; First DPU will be Higher as it Includes a Non-Recurring Component
- CroesusRT : Exchange Rate Y100 = S$1.1102 ; Annualised DPU = 8.25ct
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7504:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun14) = HK18.7ct + 2H (Dec14) = HK22.3ct
- Indiabulls : No DPU Payout as Semi-Annual Policy
- PCRT : Delisted on 5-Feb-15 9AM
- KIT : 1H14 DPU Payout = 3.13ct ; 2H14 DPU Payout = 4.69ct ; Above Table Uses 2H13 + 1H14 DPU = 7.82ct to Calculate Yield
- 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
- CitySpring : Guidance for FY15 DPU = 3.28ct ie 0.82ct / Q
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- 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
March 2015
REITs : Average Yield = 6.495%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
IREIT Global |
Q4 – Dec14 |
2.570 |
$0.780 |
8.529% |
$0.708 |
31.50% |
Offices : Germany |
|
Viva Ind Tr |
Q4 – Dec14 |
1.701 |
$0.805 |
8.384% |
$0.758 |
44.30% |
Biz Park (66.8%) + Hotel (16.4%) + Light Industrial (13.5%) + Logistics (3.3%) by Valuation |
|
Lippo Malls Tr |
Q4 – Dec 14 |
0.710 |
$0.345 |
8.232% |
$0.424 |
31.30% |
Retail (Indonesia) – 17 |
|
Sabana REIT |
Q4 – Dec14 |
1.780 |
$0.900 |
7.844% |
$1.040 |
38.00% |
Industrial (23) |
|
SoilbuildBizREIT |
Q4 – Dec14 |
1.585 |
$0.810 |
7.827% |
$0.800 |
35.40% |
Business Park (2) + Industrial (8) |
|
Ascendas-hTrust |
Q3 – Dec14 |
1.300 |
$0.680 |
7.647% |
$0.690 |
38.90% |
Hotels (12) : Australia (63%) + Singapore (15%) + Japan (16%) + China (6%) by NPI |
|
AIMSAMP Cap Reit |
Q3 – Dec14 |
2.830 |
$1.490 |
7.597% |
$1.535 |
31.70% |
Industrial (26) |
|
OUE Htrust |
Q4 – Dec14 |
1.780 |
$0.940 |
7.574% |
$0.900 |
32.70% |
Hotel (69%) + Retail (31%) by Asset |
|
Cache Log Trust |
Q4 – Dec14 |
2.146 |
$1.175 |
7.246% |
$0.980 |
34.90% |
Industrial : Singapore (12) + Shanghai (1) |
|
Saizen REIT |
1H – Dec14 |
3.100 |
$0.860 |
7.209% |
$1.100 |
36.00% |
Residential (Japan) – 136 |
|
OUE COMMERCIAL REIT |
2H – Dec14 |
2.840 |
$0.800 |
7.100% |
$1.100 |
38.30% |
Retail (10%) + Office (89%) by Revenue |
|
FHT |
Q1 – Dec14 |
2.970 |
$0.895 |
7.083% |
$0.861 |
40.00% |
Hotel (60.7%) + Serviced Apt (39.3%) |
|
Cambridge Ind Tr |
Q4 – Dec14 |
1.252 |
$0.710 |
6.996% |
$0.681 |
34.80% |
Industrial (50) |
|
Ascott Reit |
2H – Dec14 |
4.264 |
$1.245 |
6.850% |
$1.370 |
38.50% |
Serviced Apts (86) : AsiaPacific (68.3%) + Europe (31.7%) by Valuation |
|
Mapletree Ind Tr |
Q3 – Dec14 |
2.670 |
$1.580 |
6.759% |
$1.210 |
32.80% |
Industrial (85) |
|
CDL Htrust |
2H – Dec14 |
5.740 |
$1.755 |
6.541% |
$1.645 |
31.70% |
Hotels : Singapore (75.1%) + Australia (9.6%) + NZ (4.1%) + Maldives (8.1%) + Japan (2.8%) by Valuation |
|
Frasers Com Tr |
Q1 – Dec14 |
2.461 |
$1.500 |
6.507% |
$1.560 |
37.20% |
Singapore (68%) + Australia (32%) by Valuation |
|
Far East HTrust |
Q4 – Dec14 |
1.280 |
$0.800 |
6.400% |
$0.970 |
31.40% |
Hotels (67.4%) + Serviced Apts (13.5%) + Commercial (19.1%) by Revenue |
|
Mapletree GCC Tr |
Q3 – Dec14 |
1.662 |
$1.040 |
6.339% |
$1.060 |
37.90% |
Retail + Office (China + HK) |
|
Keppel DC REIT |
FY15 – IPO |
6.360 |
$1.030 |
6.175% |
$0.870 |
27.80% |
Data Centres – 8 |
|
StarhillGbl Reit |
Q4 – Dec14 |
1.290 |
$0.835 |
6.132% |
$0.930 |
28.60% |
Retail (86.4%) + Office (13.6%) ; Singapore (67.9%) + Malaysia (15.1%) + Australia (9.9%) + China (5.2%) + Japan (1.9%) by Revenue |
|
Mapletree Log Tr |
Q3 – Dec14 |
1.870 |
$1.245 |
6.008% |
$0.960 |
34.70% |
Industrial (117) |
|
CapitaR China Tr |
2H – Dec14 |
4.830 |
$1.610 |
6.000% |
$1.580 |
28.70% |
Retail (China) – 10 |
|
First REIT |
Q4 – Dec14 |
2.040 |
$1.400 |
5.750% |
$1.018 |
33.10% |
Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
|
Frasers Cpt Tr |
Q1 – Dec14 |
2.750 |
$2.020 |
5.662% |
$1.850 |
29.30% |
Retail (6) + 31.17% of Hektar (MREIT) |
|
Suntec Reit |
Q4 – Dec14 |
2.577 |
$1.855 |
5.557% |
$2.091 |
34.70% |
Retail + Office |
|
Ascendas Reit |
Q3 – Dec14 |
3.590 |
$2.590 |
5.544% |
$2.030 |
33.60% |
Industrial : Singapore (104) + China (2) |
|
Mapletree Com Tr |
Q3 – Dec14 |
2.080 |
$1.600 |
5.200% |
$1.170 |
37.90% |
Retail + Office |
|
CapitaMall Trust |
Q4 – Dec14 |
2.860 |
$2.200 |
5.159% |
$1.790 |
33.80% |
Retail (16) + Office |
|
SPHREIT |
Q1 – Nov14 |
1.330 |
$1.040 |
5.115% |
$0.930 |
26.00% |
Retail (2) |
|
Fortune Reit HKD |
2H – Dec14 |
20.800 |
$8.150 |
5.104% |
$11.930 |
29.40% |
Retail (HK) – 17 |
|
Keppel Reit |
Q4 – Dec14 |
1.510 |
$1.200 |
5.033% |
$1.400 |
43.30% |
Offices : Singapore (4) + Australia (5) |
|
ParkwayLife Reit |
Q4 – Dec14 |
2.900 |
$2.360 |
4.915% |
$1.600 |
35.20% |
Hospitals + Nursing Homes = 41 |
|
CapitaCom Trust |
2H – Dec14 |
4.240 |
$1.765 |
4.805% |
$1.710 |
29.30% |
Office (66%) + Retail (20%) + Hotel (14%) by Gross Rental Income |
NOTES :
- Mkt Price is as on 31-Mar-15
- IREIT : DPU Based on Hedged Rate of €1 : S$1.68 for the Period 13-Aug-14 to 31-Dec-14 ; For FY15, DPU Hedged @ €1 : S$1.55
- Saizen : DPU Based on Hedged Rate of Y81.9 : S$1 ; For next DPU Payout on 2H15 (Jun-15), DPU Hedged @ Y85.6
- A-HTrust : DPU Not Paid as Semi-Annual Payout Policy ; DPU = 1.57ct if Exclude CCS (Cross Currency Swap) Unwinding Expenses ; CCS Unwinding Ended on Oct-14
- FHT : DPU = 2.97ct (14-Jul-14 to 31-Dec-14) vs Projected DPU = 2.82ct ; DPU Not Paid as Semi-Annual Payout Policy (1st DPU Payout on 31-Mar-15)
- PLife : Annualised DPU = 11.6ct
- StarHill Global : Annualised DPU = 5.12ct
- CLT : Annualised DPU = 8.514ct
- MGCCT : Annualised DPU = 6.593ct
- VIT : Annualised DPU = 6.749ct
- FCT : Above Yield is Computed using last 4Qs DPU = 11.437ct ie 2.75ct (Dec14) + 2.785ct (Sep14) + 3.022ct (Jun14) + 2.88ct (Mar14)
- CMT : Annualised DPU = 11.35ct
- FCOT : Annualised DPU = 9.76ct
- A-REIT : DPU Not Paid as Semi-Annual Payout Policy
- Sabana : Annualised DPU = 7.06ct
- Keppel REIT : DPU = 1.25ct (1-Oct-14 to 15-Dec-14) + 0.26ct (16-Dec-14 to 31-Dec-14)
- Cambridge : Annualised DPU = 4.967ct
- FirstREIT : Annualised DPU = 8.05ct
- 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
- Saizen : 5-to-1 Unit Consolidation on 5-Nov-13
- 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 |
Q4 – Dec14 |
0 |
$0.125 |
0.000% |
$0.410 |
Shipping Trust |
|
RickmersMaritime |
Q4 – Dec14 |
0.6 |
$0.285 |
11.577% |
$0.590 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3748:US$1 fm Yahoo Finance)
- Rickmers : 24% 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 |
|
CitySpring Trust |
Q3 – Dec14 |
0.82 |
$0.540 |
6.074% |
$0.146 |
Infrastructure – Water + Gas + Power |
|
Keppel Infra Tr |
2H – Dec14 |
7.82 |
$1.095 |
7.142% |
$0.890 |
Energy (Incineration) + Water (NEWater) |
|
Ascendas-iTrust |
Q3 – Dec14 |
1.16 |
$0.900 |
5.156% |
$0.600 |
India – Industrial Park |
|
Indiabulls Trust |
1H – Sep14 |
0.0141 |
$0.089 |
0.340% |
$0.335 |
India – Office |
|
HPH Trust USD |
2H – Dec14 |
22.3 |
$0.695 |
7.607% |
HK$4.86 |
Ports – HK + China |
|
Religare Htrust |
Q3 – Dec14 |
1.82 |
$1.090 |
6.679% |
$0.859 |
India – Healthcare |
|
Croesus Rtrust |
1H – Dec14 |
4.16 |
$0.930 |
8.871% |
Y74.36 |
Japan – Retail (7) |
|
Asian Pay TV Tr |
Q4 – Dec14 |
2.13 |
$0.890 |
9.270% |
$0.890 |
Taiwan PayTV |
|
Accordia Golf Tr |
Q3 – Dec14 |
3.91 |
$0.755 |
8.040% |
$0.850 |
Japan Golf Courses – 89 |
NOTES :
- APTT : Above Yield uses DPU = 8.25ct ie 1H14 = 4.12ct + 2H13 = 4.13ct ; Quarterly DPU Payout from Q314 ; Q314 = 2ct ; Q414 = 2.13ct ; FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
- Religare : No DPU Payout as Semi-Annual Payout Policy
- Forterra : Delisted on 13-Feb-15 9AM
- Accordia : No DPU Payout as Semi-Annual Payout Policy ; Above Yield Based on Normalised DPU = 6.07ct (Refer to their Presentations) ; First DPU will be Higher as it Includes a Non-Recurring Component
- CroesusRT : Exchange Rate Y100 = S$1.1448; Annualised DPU = 8.25ct
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7546:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun14) = HK18.7ct + 2H (Dec14) = HK22.3ct
- Indiabulls : No DPU Payout as Semi-Annual Policy
- PCRT : Delisted on 5-Feb-15 9AM
- a-iTrust : Above DPU is based on 90% Payout ; DPU Not Paid as Semi-Annual Payout Policy
- KIT : 1H14 DPU Payout = 3.13ct ; 2H14 DPU Payout = 4.69ct ; Above Table Uses 2H13 + 1H14 DPU = 7.82ct to Calculate Yield
- 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
- CitySpring : Guidance for FY15 DPU = 3.28ct ie 0.82ct / Q
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- 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
February 2015
Results Announcement
- 6 Feb 15 (AM) : Indiabulls (Updated)
- 6 Feb 15 : HPH-Trust (Updated)
- 6 Feb 15 : A-HTrust (Updated)
- 10 Feb 15 : Saizen (Updated)
- 11 Feb 15 (AM) : CRT (Updated)
- 11 Feb 15 (AM) : FE-HTrust (Updated)
- 12 Feb 15 (AM) : LMIR (Updated)
- 12 Feb 15 (AM) : Accordia (Updated)
- 13 Feb 15 : RHT (Updated)
- 24 Feb 15 (AM) : APTT (Updated)
- 25 Feb 15 : FSL (Updated)
- 26 Feb 15 : Rickmers (Updated)
- 27 Feb 15 : IREIT Global (Updated)
REITs : Average Yield = 6.446%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Viva Ind Tr |
Q4 – Dec14 |
1.701 |
$0.810 |
8.332% |
$0.758 |
44.30% |
Biz Park (66.8%) + Hotel (16.4%) + Light Industrial (13.5%) + Logistics (3.3%) by Valuation |
|
Lippo Malls Tr |
Q4 – Dec 14 |
0.710 |
$0.350 |
8.114% |
$0.424 |
31.30% |
Retail (Indonesia) – 17 |
|
SoilbuildBizREIT |
Q4 – Dec14 |
1.585 |
$0.810 |
7.827% |
$0.800 |
35.40% |
Business Park (2) + Industrial (8) |
|
AIMSAMP Cap Reit |
Q3 – Dec14 |
2.830 |
$1.460 |
7.753% |
$1.535 |
31.70% |
Industrial (26) |
|
IREIT Global |
Q4 – Dec14 |
2.570 |
$0.865 |
7.691% |
$0.733 |
31.50% |
Offices : Germany |
|
Sabana REIT |
Q4 – Dec14 |
1.780 |
$0.920 |
7.674% |
$1.040 |
38.00% |
Industrial (23) |
|
OUE Htrust |
Q4 – Dec14 |
1.780 |
$0.940 |
7.574% |
$0.900 |
32.70% |
Hotel (69%) + Retail (31%) by Asset |
|
Ascendas-hTrust |
Q3 – Dec14 |
1.300 |
$0.690 |
7.536% |
$0.690 |
38.90% |
Hotels (12) : Australia (63%) + Singapore (15%) + Japan (16%) + China (6%) by NPI |
|
Cache Log Trust |
Q4 – Dec14 |
2.146 |
$1.170 |
7.277% |
$0.980 |
34.90% |
Industrial : Singapore (12) + Shanghai (1) |
|
Cambridge Ind Tr |
Q4 – Dec14 |
1.252 |
$0.685 |
7.251% |
$0.681 |
34.80% |
Industrial (50) |
|
Saizen REIT |
1H – Dec14 |
3.100 |
$0.855 |
7.251% |
$1.100 |
36.00% |
Residential (Japan) – 136 |
|
OUE COMMERCIAL REIT |
2H – Dec14 |
2.840 |
$0.800 |
7.100% |
$1.100 |
38.30% |
Retail (10%) + Office (89%) by Revenue |
|
FHT |
Q1 – Dec14 |
2.970 |
$0.895 |
7.083% |
$0.861 |
40.00% |
Hotel (60.7%) + Serviced Apt (39.3%) |
|
Mapletree Ind Tr |
Q3 – Dec14 |
2.670 |
$1.545 |
6.913% |
$1.210 |
32.80% |
Industrial (85) |
|
Ascott Reit |
2H – Dec14 |
4.264 |
$1.300 |
6.560% |
$1.370 |
38.50% |
Serviced Apts (86) : AsiaPacific (68.3%) + Europe (31.7%) by Valuation |
|
Frasers Com Tr |
Q1 – Dec14 |
2.461 |
$1.495 |
6.528% |
$1.560 |
37.20% |
Singapore (68%) + Australia (32%) by Valuation |
|
CDL Htrust |
2H – Dec14 |
5.740 |
$1.770 |
6.486% |
$1.645 |
31.70% |
Hotels : Singapore (75.1%) + Australia (9.6%) + NZ (4.1%) + Maldives (8.1%) + Japan (2.8%) by Valuation |
|
Mapletree GCC Tr |
Q3 – Dec14 |
1.662 |
$1.040 |
6.339% |
$1.060 |
37.90% |
Retail + Office (China + HK) |
|
Far East HTrust |
Q4 – Dec14 |
1.280 |
$0.810 |
6.321% |
$0.970 |
31.40% |
Hotels (67.4%) + Serviced Apts (13.5%) + Commercial (19.1%) by Revenue |
|
Keppel DC REIT |
FY15 – IPO |
6.360 |
$1.040 |
6.115% |
$0.870 |
27.80% |
Data Centres – 8 |
|
StarhillGbl Reit |
Q4 – Dec14 |
1.290 |
$0.840 |
6.095% |
$0.930 |
28.60% |
Retail (86.4%) + Office (13.6%) ; Singapore (67.9%) + Malaysia (15.1%) + Australia (9.9%) + China (5.2%) + Japan (1.9%) by Revenue |
|
Mapletree Log Tr |
Q3 – Dec14 |
1.870 |
$1.230 |
6.081% |
$0.960 |
34.70% |
Industrial (117) |
|
First REIT |
Q4 – Dec14 |
2.040 |
$1.360 |
5.919% |
$1.018 |
33.10% |
Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
|
Ascendas Reit |
Q3 – Dec14 |
3.590 |
$2.470 |
5.814% |
$2.030 |
33.60% |
Industrial : Singapore (104) + China (2) |
|
CapitaR China Tr |
2H – Dec14 |
4.830 |
$1.680 |
5.750% |
$1.580 |
28.70% |
Retail (China) – 10 |
|
Frasers Cpt Tr |
Q1 – Dec14 |
2.750 |
$2.040 |
5.606% |
$1.850 |
29.30% |
Retail (6) + 31.17% of Hektar (MREIT) |
|
CapitaMall Trust |
Q4 – Dec14 |
2.860 |
$2.110 |
5.379% |
$1.790 |
33.80% |
Retail (16) + Office |
|
Mapletree Com Tr |
Q3 – Dec14 |
2.080 |
$1.560 |
5.333% |
$1.170 |
37.90% |
Retail + Office |
|
Suntec Reit |
Q4 – Dec14 |
2.577 |
$1.955 |
5.273% |
$2.091 |
34.70% |
Retail + Office |
|
SPHREIT |
Q1 – Nov14 |
1.330 |
$1.050 |
5.067% |
$0.930 |
26.00% |
Retail (2) |
|
Keppel Reit |
Q4 – Dec14 |
1.510 |
$1.240 |
4.871% |
$1.400 |
43.30% |
Offices : Singapore (4) + Australia (5) |
|
CapitaCom Trust |
2H – Dec14 |
4.240 |
$1.765 |
4.805% |
$1.710 |
29.30% |
Office (66%) + Retail (20%) + Hotel (14%) by Gross Rental Income |
|
ParkwayLife Reit |
Q4 – Dec14 |
2.900 |
$2.440 |
4.754% |
$1.600 |
35.20% |
Hospitals + Nursing Homes = 41 |
|
Fortune Reit HKD |
2H – Dec14 |
20.800 |
$8.870 |
4.690% |
$11.930 |
29.40% |
Retail (HK) – 17 |
NOTES :
- Mkt Price is as on 27-Feb-15
- IREIT : DPU Based on Hedged Rate of €1 : S$1.68 for the Period 13-Aug-14 to 31-Dec-14 ; For FY15, DPU Hedged @ €1 : S$1.55
- Saizen : DPU Based on Hedged Rate of Y81.9 : S$1 ; For next DPU Payout on 2H15 (Jun-15), DPU Hedged @ Y85.6
- A-HTrust : DPU Not Paid as Semi-Annual Payout Policy ; DPU = 1.57ct if Exclude CCS (Cross Currency Swap) Unwinding Expenses ; CCS Unwinding Ended on Oct-14
- FHT : DPU = 2.97ct (14-Jul-14 to 31-Dec-14) vs Projected DPU = 2.82ct ; DPU Not Paid as Semi-Annual Payout Policy (1st DPU Payout on 31-Mar-15)
- PLife : Annualised DPU = 11.6ct
- StarHill Global : Annualised DPU = 5.12ct
- CLT : Annualised DPU = 8.514ct
- MGCCT : Annualised DPU = 6.593ct
- VIT : Annualised DPU = 6.749ct
- FCT : Above Yield is Computed using last 4Qs DPU = 11.437ct ie 2.75ct (Dec14) + 2.785ct (Sep14) + 3.022ct (Jun14) + 2.88ct (Mar14)
- CMT : Annualised DPU = 11.35ct
- FCOT : Annualised DPU = 9.76ct
- A-REIT : DPU Not Paid as Semi-Annual Payout Policy
- Sabana : Annualised DPU = 7.06ct
- Keppel REIT : DPU = 1.25ct (1-Oct-14 to 15-Dec-14) + 0.26ct (16-Dec-14 to 31-Dec-14)
- Cambridge : Annualised DPU = 4.967ct
- FirstREIT : Annualised DPU = 8.05ct
- 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
- Saizen : 5-to-1 Unit Consolidation on 5-Nov-13
- 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 |
Q4 – Dec14 |
0 |
$0.132 |
0.000% |
$0.410 |
Shipping Trust |
|
RickmersMaritime |
Q4 – Dec14 |
0.6 |
$0.290 |
11.236% |
$0.590 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3577:US$1 fm Yahoo Finance)
- Rickmers : 24% 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 |
|
CitySpring Trust |
Q3 – Dec14 |
0.82 |
$0.540 |
6.074% |
$0.146 |
Infrastructure – Water + Gas + Power |
|
Keppel Infra Tr |
2H – Dec14 |
7.82 |
$1.075 |
7.274% |
$0.890 |
Energy (Incineration) + Water (NEWater) |
|
Ascendas-iTrust |
Q3 – Dec14 |
1.16 |
$0.940 |
4.936% |
$0.600 |
India – Industrial Park |
|
Indiabulls Trust |
1H – Sep14 |
0.0141 |
$0.097 |
0.312% |
$0.335 |
India – Office |
|
HPH Trust USD |
2H – Dec14 |
22.3 |
$0.695 |
7.608% |
HK$4.86 |
Ports – HK + China |
|
Religare Htrust |
Q3 – Dec14 |
1.82 |
$1.065 |
6.836% |
$0.859 |
India – Healthcare |
|
Croesus Rtrust |
1H – Dec14 |
4.16 |
$0.940 |
8.777% |
Y74.36 |
Japan – Retail (7) |
|
Asian Pay TV Tr |
Q4 – Dec14 |
2.13 |
$0.925 |
8.919% |
$0.890 |
Taiwan PayTV |
|
Accordia Golf Tr |
Q3 – Dec14 |
3.91 |
$0.770 |
7.883% |
$0.850 |
Japan Golf Courses – 89 |
NOTES :
- APTT : Above Yield uses DPU = 8.25ct ie 1H14 = 4.12ct + 2H13 = 4.13ct ; Quarterly DPU Payout from Q314 ; Q314 = 2ct ; Q414 = 2.13ct ; FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
- Religare : No DPU Payout as Semi-Annual Payout Policy
- Forterra : Delisted on 13-Feb-15 9AM
- Accordia : No DPU Payout as Semi-Annual Payout Policy ; Above Yield Based on Normalised DPU = 6.07ct (Refer to their Presentations) ; First DPU will be Higher as it Includes a Non-Recurring Component
- CroesusRT : Exchange Rate Y100 = S$1.1375 ; Annualised DPU = 8.25ct
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7536:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun14) = HK18.7ct + 2H (Dec14) = HK22.3ct
- Indiabulls : No DPU Payout as Semi-Annual Policy
- PCRT : Delisted on 5-Feb-15 9AM
- a-iTrust : Above DPU is based on 90% Payout ; DPU Not Paid as Semi-Annual Payout Policy
- KIT : 1H14 DPU Payout = 3.13ct ; 2H14 DPU Payout = 4.69ct ; Above Table Uses 2H13 + 1H14 DPU = 7.82ct to Calculate Yield
- 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
- CitySpring : Guidance for FY15 DPU = 3.28ct ie 0.82ct / Q
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- 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
January 2015
Results Announcement
- 12 Jan 15 : SPHREIT (Updated)
- 15 Jan 15 : FirstREIT (Updated)
- 16 Jan 15 (AM) : Cambridge (Updated)
- 19 Jan 15 : MLT (Updated)
- 19 Jan 15 : KeppelREIT (Updated)
- 19 Jan 15 : KIT (Updated)
- 20 Jan 15 : MIT (Updated)
- 21 Jan 15 (AM) : CCT (Updated)
- 21 Jan 15 : MCT (Updated)
- 21 Jan 15 : SB REIT (Updated)
- 21 Jan 15 : Sabana (Updated)
- 21 Jan 15 : Fortune (Updated)
- 22 Jan 15 (AM) : AscottREIT (Updated)
- 22 Jan 15 : A-REIT (Updated)
- 22 Jan 15 : FCOT (Updated)
- 22 Jan 15 : Suntec (Updated)
- 23 Jan 15 (AM) : CMT (Updated)
- 23 Jan 15 : FCT (Updated)
- 26 Jan 15 : OUE C-REIT (Updated)
- 26 Jan 15 : a-iTrust (Updated)
- 26 Jan 15 : VIT (Updated)
- 27 Jan 15 : CLT (Updated)
- 27 Jan 15 : PLife (Updated)
- 27 Jan 15 : MGCT (Updated)
- 27 Jan 15 : Cityspring (Updated)
- 27 Jan 15 : Starhill Global (Updated)
- 27 Jan 15 : OUE H-Trust (Updated)
- 28 Jan 15 (AM) : CDL H-Trust (Updated)
- 29 Jan 15 (AM) : CRCT (Updated)
- 29 Jan 15 (AM) : AMISAMPReit (Updated)
- 29 Jan 15 : FHT (Updated)
- 6 Feb 15 : HPH-Trust
- 6 Feb 15 : A-HTrust
- 11 Feb 15 (AM) : CRT
- 11 Feb 15 (AM) : Saizen
- 11 Feb 15 (AM) : FE-HTrust
- 12 Feb 15 (AM) : LMIR
- 13 Feb 15 (AM) : PCRT
- 24 Feb 15 (AM) : APTT
REITs : Average Yield = 6.470%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Viva Ind Tr |
Q4 – Dec14 |
1.701 |
$0.805 |
8.384% |
$0.758 |
44.30% |
Biz Park (66.8%) + Hotel (16.4%) + Light Industrial (13.5%) + Logistics (3.3%) by Valuation |
|
SoilbuildBizREIT |
Q4 – Dec14 |
1.585 |
$0.780 |
8.128% |
$0.800 |
35.40% |
Business Park (2) + Industrial (8) |
|
Lippo Malls Tr |
Q3 – Sep14 |
0.690 |
$0.355 |
7.775% |
$0.415 |
28.30% |
Retail (Indonesia) – 16 |
|
IREIT Global |
FY14 – IPO |
3.330 |
$0.860 |
7.744% |
$0.780 |
33.20% |
Offices : Germany |
|
Sabana REIT |
Q4 – Dec14 |
1.780 |
$0.915 |
7.716% |
$1.040 |
38.00% |
Industrial (23) |
|
AIMSAMP Cap Reit |
Q3 – Dec14 |
2.830 |
$1.470 |
7.701% |
$1.535 |
31.70% |
Industrial (26) |
|
OUE Htrust |
Q4 – Dec14 |
1.780 |
$0.935 |
7.615% |
$0.900 |
32.70% |
Hotel (69%) + Retail (31%) by Asset |
|
Ascendas-hTrust |
1H – Sep14 |
2.507 |
$0.685 |
7.320% |
$0.730 |
38.30% |
Hotels (12) : Australia (56%) + Singapore (20%) + Japan (15%) + China (9%) by NPI |
|
Cambridge Ind Tr |
Q4 – Dec14 |
1.252 |
$0.680 |
7.304% |
$0.681 |
34.80% |
Industrial (50) |
|
Cache Log Trust |
Q4 – Dec14 |
2.146 |
$1.185 |
7.185% |
$0.980 |
34.90% |
Industrial : Singapore (12) + Shanghai (1) |
|
Saizen REIT |
2H – Jun14 |
3.100 |
$0.870 |
7.126% |
$1.140 |
38.00% |
Residential (Japan) – 137 |
|
FHT |
Q1 – Dec14 |
2.970 |
$0.895 |
7.083% |
$0.861 |
40.00% |
Hotel (60.7%) + Serviced Apt (39.3%) |
|
OUE COMMERCIAL REIT |
2H – Dec14 |
2.840 |
$0.805 |
7.056% |
$1.100 |
38.30% |
Retail (10%) + Office (89%) by Revenue |
|
Mapletree Ind Tr |
Q3 – Dec14 |
2.670 |
$1.530 |
6.980% |
$1.210 |
32.80% |
Industrial (85) |
|
Ascott Reit |
2H – Dec14 |
4.264 |
$1.265 |
6.742% |
$1.370 |
38.50% |
Serviced Apts (86) : AsiaPacific (68.3%) + Europe (31.7%) by Valuation |
|
Frasers Com Tr |
Q1 – Dec14 |
2.461 |
$1.485 |
6.572% |
$1.560 |
37.20% |
Singapore (68%) + Australia (32%) by Valuation |
|
Mapletree GCC Tr |
Q3 – Dec14 |
1.662 |
$1.020 |
6.464% |
$1.060 |
37.90% |
Retail + Office (China + HK) |
|
CDL Htrust |
2H – Dec14 |
5.740 |
$1.800 |
6.378% |
$1.645 |
31.70% |
Hotels : Singapore (75.1%) + Australia (9.6%) + NZ (4.1%) + Maldives (8.1%) + Japan (2.8%) by Valuation |
|
Far East HTrust |
Q3 – Sep14 |
1.320 |
$0.845 |
6.249% |
$0.976 |
31.40% |
Hotels (66.5%) + Serviced Apts (14.7%) + Commercial (18.8%) by Revenue |
|
Mapletree Log Tr |
Q3 – Dec14 |
1.870 |
$1.200 |
6.233% |
$0.960 |
34.70% |
Industrial (117) |
|
Keppel DC REIT |
FY15 – IPO |
6.360 |
$1.030 |
6.175% |
$0.870 |
27.80% |
Data Centres – 8 |
|
StarhillGbl Reit |
Q4 – Dec14 |
1.290 |
$0.830 |
6.169% |
$0.930 |
28.60% |
Retail (86.4%) + Office (13.6%) ; Singapore (67.9%) + Malaysia (15.1%) + Australia (9.9%) + China (5.2%) + Japan (1.9%) by Revenue |
|
First REIT |
Q4 – Dec14 |
2.040 |
$1.315 |
6.122% |
$1.018 |
33.10% |
Hospitals (11 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
|
Ascendas Reit |
Q3 – Dec14 |
3.590 |
$2.460 |
5.837% |
$2.030 |
33.60% |
Industrial : Singapore (104) + China (2) |
|
CapitaR China Tr |
2H – Dec14 |
4.830 |
$1.715 |
5.633% |
$1.580 |
28.70% |
Retail (China) – 10 |
|
Frasers Cpt Tr |
Q1 – Dec14 |
2.750 |
$2.070 |
5.525% |
$1.850 |
29.30% |
Retail (6) + 31.17% of Hektar (MREIT) |
|
Mapletree Com Tr |
Q3 – Dec14 |
2.080 |
$1.515 |
5.492% |
$1.170 |
37.90% |
Retail + Office |
|
Suntec Reit |
Q4 – Dec14 |
2.577 |
$1.880 |
5.483% |
$2.091 |
34.70% |
Retail + Office |
|
CapitaMall Trust |
Q4 – Dec14 |
2.860 |
$2.090 |
5.431% |
$1.790 |
33.80% |
Retail (16) + Office |
|
SPHREIT |
Q1 – Nov14 |
1.330 |
$1.055 |
5.043% |
$0.930 |
26.00% |
Retail (2) |
|
Keppel Reit |
Q4 – Dec14 |
1.510 |
$1.235 |
4.891% |
$1.400 |
43.30% |
Offices : Singapore (4) + Australia (5) |
|
Fortune Reit HKD |
2H – Dec14 |
20.800 |
$8.560 |
4.860% |
$11.930 |
29.40% |
Retail (HK) – 17 |
|
CapitaCom Trust |
2H – Dec14 |
4.240 |
$1.770 |
4.791% |
$1.710 |
29.30% |
Office (66%) + Retail (20%) + Hotel (14%) by Gross Rental Income |
|
ParkwayLife Reit |
Q4 – Dec14 |
2.900 |
$2.430 |
4.774% |
$1.600 |
35.20% |
Hospitals + Nursing Homes = 41 |
NOTES :
- Mkt Price is as on 30-Jan-15
- FHT : DPU = 2.97ct (14-Jul-14 to 31-Dec-14) vs Projected DPU = 2.82ct ; DPU Not Paid as Semi-Annual Payout Policy (1st DPU Payout on 31-Mar-15)
- PLife : Annualised DPU = 11.6ct
- StarHill Global : Annualised DPU = 5.12ct
- CLT : Annualised DPU = 8.514ct
- MGCCT : Annualised DPU = 6.593ct
- VIT : Annualised DPU = 6.749ct
- FCT : Above Yield is Computed using last 4Qs DPU = 11.437ct ie 2.75ct (Dec14) + 2.785ct (Sep14) + 3.022ct (Jun14) + 2.88ct (Mar14)
- CMT : Annualised DPU = 11.35ct
- FCOT : Annualised DPU = 9.76ct
- A-REIT : DPU Not Paid as Semi-Annual Payout Policy
- Sabana : Annualised DPU = 7.06ct
- Keppel REIT : DPU = 1.25ct (1-Oct-14 to 15-Dec-14) + 0.26ct (16-Dec-14 to 31-Dec-14)
- Cambridge : Annualised DPU = 4.967ct
- FirstREIT : Annualised DPU = 8.05ct
- 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
- Saizen : DPU Not Paid as Semi-Annual Payout Policy
- A-HTrust : DPU Not Paid as Semi-Annual Payout Policy
- 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
- Saizen : 5-to-1 Unit Consolidation on 5-Nov-13
- 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
- SPH REIT : IPO Prospectus ; DPU : FY13 (Aug) = 2.51ct (1-Mar-13 to 31-Aug-13) / FY14 (Aug) = 5.21ct ; Yield : FY13 = 5.578% / FY14 = 5.789% ; Gearing = 27.3% ; NAV = $0.88 ; Listing on 24-Jul-13 2pm @ $0.90
- 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 |
Q3 – Sep14 |
0 |
$0.136 |
0.000% |
$0.400 |
Shipping Trust |
|
RickmersMaritime |
Q3 – Sep14 |
0.6 |
$0.290 |
11.201% |
$0.580 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3534:US$1 fm Yahoo Finance)
- Rickmers : 23% 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 |
|
CitySpring Trust |
Q3 – Dec14 |
0.82 |
$0.545 |
6.018% |
$0.146 |
Infrastructure – Water + Gas + Power |
|
Keppel Infra Tr |
2H – Dec14 |
7.82 |
$1.070 |
7.308% |
$0.890 |
Energy (Incineration) + Water (NEWater) |
|
Ascendas-iTrust |
Q3 – Dec14 |
1.16 |
$0.855 |
5.427% |
$0.600 |
India – Industrial Park |
|
Indiabulls Trust |
2H – Mar14 |
0.0162 |
$0.106 |
0.298% |
$0.341 |
India – Office |
|
HPH Trust USD |
2H – Dec13 |
22.3 |
$0.715 |
7.397% |
HK$7.23 |
Ports – HK + China |
|
Forterra Trust |
1H – Jun14 |
— |
$2.240 |
0.000% |
$3.840 |
China – Retail + Office + Industrial |
|
Perennial CRT |
Q3 – Sep14 |
0.95 |
$0.535 |
7.047% |
$0.750 |
China Retail |
|
Religare Htrust |
1H – Sep14 |
3.61 |
$1.030 |
7.010% |
$0.867 |
India – Healthcare |
|
Croesus Rtrust |
Q1 – Sep14 |
2.08 |
$0.945 |
8.730% |
Y72.57 |
Japan – Retail (7) |
|
Asian Pay TV Tr |
1H – Jun14 |
4.12 |
$0.910 |
9.066% |
$0.900 |
Taiwan PayTV |
|
Accordia Golf Tr |
FY15 (Mar) – IPO |
6.8 |
$0.770 |
8.831% |
$0.921 |
Japan Golf Courses – 89 |
NOTES :
- a-iTrust : Above DPU is based on 90% Payout ; DPU Not Paid as Semi-Annual Payout Policy
- KIT : 1H14 DPU Payout = 3.13ct ; 2H14 DPU Payout = 4.69ct ; Above Table Uses 2H13 + 1H14 DPU = 7.82ct to Calculate Yield
- CroesusRT : Exchange Rate Y100 = S$1.1504 ; Annualised DPU = 8.25ct
- APTT : Above Yield uses DPU = 8.25ct ie 1H14 = 4.12ct + 2H13 = 4.13ct ; Quarterly DPU Payout from Q314 ; Q314 = 2ct ; Reaffirmed Q414 = 2.13ct
- PCRT : Annualised Yield = 3.77ct ; Semi-Annual Dividend Payout Policy but will pay Q3 due to Conditional Offer by St James (now known as Perennial Real Estates Hldgs)
- 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 @ $0.97
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7524:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun14) = HK18.7ct + 2H (Dec13) = HK22.3ct
- CitySpring : Guidance for FY15 DPU = 3.28ct ie 0.82ct / Q
- Indiabulls : No DPU Payout as Semi-Annual Policy
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- 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
- Forterra (TCT) : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
- 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