Performance – October 2016
STI -2.39% : 2813.87 (Oct-16) vs 2882.73 (Dec-15)
Rank – Capital Gains
|
REIT |
Oct-16 |
Dec-15 |
Gain |
|
Keppel DC REIT |
$ 1.245 |
$ 1.015 |
22.7% |
|
Lippo Malls Tr |
$ 0.390 |
$ 0.320 |
21.9% |
|
Fortune Reit HK$ |
$ 9.460 |
$ 7.900 |
19.7% |
|
MCT |
$ 1.530 |
$ 1.300 |
17.7% |
|
K-REIT |
$ 1.090 |
$ 0.930 |
17.2% |
|
CapitaComm |
$ 1.575 |
$ 1.350 |
16.7% |
|
Mapletree GCC Tr |
$ 1.040 |
$ 0.915 |
13.7% |
|
MIT |
$ 1.720 |
$ 1.520 |
13.2% |
|
FrasersCT |
$ 2.080 |
$ 1.845 |
12.7% |
|
VIT |
$ 0.800 |
$ 0.710 |
12.7% |
|
First REIT |
$ 1.335 |
$ 1.200 |
11.3% |
|
ParkwayLife Reit |
$ 2.560 |
$ 2.330 |
9.9% |
|
Fraser LT |
$ 0.965 |
$ 0.890 |
8.4% |
|
SuntecReit |
$ 1.680 |
$ 1.550 |
8.4% |
|
StarhillGbl Reit |
$ 0.815 |
$ 0.755 |
7.9% |
|
FrasersComm |
$ 1.365 |
$ 1.270 |
7.5% |
|
CapitaMall |
$ 2.070 |
$ 1.930 |
7.3% |
|
OUE C-REIT |
$ 0.695 |
$ 0.655 |
6.1% |
|
IREIT Global |
$ 0.730 |
$ 0.690 |
5.8% |
|
MapletreeLog |
$ 1.035 |
$ 0.990 |
4.5% |
|
Ascendasreit |
$ 2.370 |
$ 2.280 |
3.9% |
|
SPHREIT |
$ 0.975 |
$ 0.955 |
2.1% |
|
Manulife |
$ 0.840 |
$ 0.830 |
1.2% |
|
CDL Htrust |
$ 1.340 |
$ 1.325 |
1.1% |
|
AIMSAMP Cap Reit |
$ 1.380 |
$ 1.375 |
0.4% |
|
CapitaRChina |
$ 1.495 |
$ 1.490 |
0.3% |
|
Cambridge |
$ 0.565 |
$ 0.565 |
0.0% |
|
A-HTrust |
$ 0.740 |
$ 0.740 |
0.0% |
|
AscottREIT |
$ 1.135 |
$ 1.185 |
-4.2% |
|
Frasers Htrust |
$ 0.695 |
$ 0.750 |
-7.3% |
|
CLT |
$ 0.830 |
$ 0.910 |
-8.8% |
|
FE-HTrust |
$ 0.595 |
$ 0.665 |
-10.5% |
|
OUE H-Trust |
$ 0.680 |
$ 0.770 |
-11.7% |
|
SB REIT |
$ 0.675 |
$ 0.770 |
-12.3% |
|
Sabana |
$ 0.520 |
$ 0.715 |
-27.3% |
|
BHG REIT |
$ 0.575 |
$ 0.800 |
-28.1% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- Dec-15: End Dec-15 Mkt Price
- Oct-16 : End Oct-16 Mkt Price
- Gain : Capital Gains = (Oct-16 Mkt Price – Dec-15 Mkt Price) / (Dec-15 Mkt Price)
- Manulife : Listed on 20-May-16 2pm
- FLT : Listed on 21-Jun-16
October 2016
Results Announcement
- 6 Oct 16 : SPH REIT (Updated)
- 12 Oct 16 : SB REIT (Updated)
- 17 Oct 16 : Sabana (Updated)
- 17 Oct 16 : KIT (Updated)
- 17 Oct 16 : Keppel DC REIT (Updated)
- 18 Oct 16 : Keppel REIT (Updated)
- 19 Oct 16 (AM) : CCT (Updated)
- 19 Oct 16 : FirstREIT (Updated)
- 20 Oct 16 (AM) : FCOT (Updated)
- 20 Oct 16 : Suntec (Updated)
- 20 Oct 16 : AscottREIT (Updated)
- 20 Oct 16 : A-REIT (Updated)
- 21 Oct 16 (AM) : VIT (Updated)
- 21 Oct 16 (AM) : FCT (Updated)
- 21 Oct 16 : CMT (Updated)
- 21 Oct 16 : CLT (Updated)
- 24 Oct 16 : MLT (Updated)
- 24 Oct 16 : HPH-Trust (Updated)
- 25 Oct 16 (AM) : MIT (Updated)
- 25 Oct 16 (AM) : CRCT (Updated)
- 26 Oct 16 (AM) : Cambridge (Updated)
- 26 Oct 16 : MCT (Updated)
- 27 Oct 16 (AM) : PLife (Updated)
- 27 Oct 16 (AM) : AIMSAMPReit (Updated)
- 27 Oct 16 : MGCT (Updated)
- 28 Oct 16 (AM) : CDL H-Trust (Updated)
- 28 Oct 16 : FHT (Updated)
- 28 Oct 16 : YTL Starhill (Updated)
- 31 Oct 16 : Rickmers
- 31 Oct 16 : OUE H-Trust (Updated)
- 1 Nov 16 : FLT
- 1 Nov 16 : OUE C-REIT
- 2 Nov 16 : FSL
- 7 Nov 16 (AM) : Manulife
- 9 Nov 16 (AM) : APTT
- 9 Nov 16 : RHT
- 9 Nov 16 : A-HTrust
- 10 Nov 16 (AM) : FE-HTrust
- 10 Nov 16 : LMIR
- 11 Nov 16 (AM) : CRT
- 11 Nov 16 : BHG REIT
- 14 Nov 16 : IREIT
REITs : Average Yield = 6.934% (Excludes Saizen)
|
REIT |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Gearing |
Assets Type |
|
Sabana REIT |
Q3 – Sep16 |
$0.520 |
1.200 |
9.173% |
$0.790 |
41.50% |
Industrial (21) |
|
Viva Ind Tr |
Q3 – Sep16 |
$0.800 |
1.810 |
9.001% |
$0.803 |
39.80% |
Industrial (8) : Biz Park (59%) + Light Industrial (25%) + Hotel (10%) + Logistics (6%) by Revenue |
|
BHG Retail Reit |
Q2 – Jun16 |
$0.575 |
2.850 |
8.912% |
$0.800 |
29.40% |
Retail (China) – 5 |
|
Cache Log Trust |
Q3 – Sep16 |
$0.830 |
1.847 |
8.853% |
$0.830 |
41.20% |
Industrial (19) : Singapore (85%) + Australia (14%) + China (1%) by Gross Revenue |
|
Lippo Malls Tr |
Q2 – Jun16 |
$0.390 |
0.850 |
8.718% |
$0.379 |
35.70% |
Retail (Indonesia) – 19 |
|
IREIT Global |
1H – Jun16 |
$0.730 |
3.180 |
8.712% |
$0.640 |
41.80% |
Offices : Germany (5) |
|
SoilbuildBizREIT |
Q3 – Sep16 |
$0.675 |
1.399 |
8.290% |
$0.770 |
36.00% |
Industrial (12) : Business Park 35% + Industrial 65% by NPI |
|
AIMSAMP Cap Reit |
Q2 – Sep16 |
$1.380 |
2.750 |
8.188% |
$1.466 |
34.00% |
Industrial (26) : Singapore + Australia |
|
OUE COMMERCIAL REIT |
1H – Jun16 |
$0.695 |
2.680 |
7.712% |
$0.910 |
40.20% |
Office (83%) + Retail (17%) ; Singapore (79.9%) + China (20.1%) by Revenue |
|
Far East HTrust |
Q2 – Jun16 |
$0.595 |
1.010 |
7.496% |
$0.929 |
32.80% |
Hotels (64.4%) + Commercial (22.0%) + Serviced Apts (13.6%) by Revenue |
|
CDL Htrust |
Q3 – Sep16 |
$1.340 |
2.440 |
7.388% |
$1.559 |
36.70% |
Hotels : Singapore (62.9%) + Australia (10.1%) + Maldives (7.3%) + NZ (8.1%) + Japan (3.7%) + UK (7.9%) by NPI |
|
Ascott Reit |
Q3 – Sep16 |
$1.135 |
2.350 |
7.307% |
$1.300 |
41.00% |
Serviced Apts (90) : Key Mkt (87.8%) + R.O.W (12.2%) by Valuation |
|
OUE Htrust |
Q3 – Sep16 |
$0.680 |
1.230 |
7.235% |
$0.800 |
37.30% |
Hotel (77.6%) + Retail (22.4%) by NPI |
|
Frasers Com Tr |
Q4 – Sep16 |
$1.365 |
2.453 |
7.189% |
$1.520 |
36.00% |
Singapore (55%) + Australia (45%) by NPI |
|
Mapletree Log Tr |
Q2 – Sep16 |
$1.035 |
1.860 |
7.188% |
$0.990 |
37.60% |
Industrial (124) |
|
Cambridge Ind Tr |
Q3 – Sep16 |
$0.565 |
0.987 |
6.988% |
$0.669 |
36.90% |
Industrial (50) |
|
Ascendas-hTrust |
Q1 – Jun16 |
$0.740 |
1.290 |
6.973% |
$0.850 |
33.20% |
Hotels (11) : Australia (50%) + Japan (26%) + Singapore (15%) + China (9%) by NPI |
|
Mapletree GCC Tr |
2H – Sep16 |
$1.040 |
3.610 |
6.942% |
$1.190 |
39.90% |
Retail + Office : HK (69.4%) + China (30.6%) by NPI |
|
FHT |
2H – Sep16 |
$0.695 |
2.335 |
6.719% |
$0.829 |
37.70% |
Hotel (9) + Serviced Apt (6) : Australia (30%) + Singapore (25%) + UK (21%) + Japan (12%) + Malaysia (7%) + Germany (5%) by NPI |
|
Mapletree Ind Tr |
Q2 – Sep16 |
$1.720 |
2.830 |
6.581% |
$1.370 |
29.00% |
Industrial (85) |
|
ManulifeREIT USD |
FY16 – IPO |
$0.840 |
3.650 |
6.474% |
$0.780 |
36.80% |
Offices : USA (3) |
|
Ascendas Reit |
1H – Sep16 |
$2.370 |
7.791 |
6.391% |
$2.030 |
34.20% |
Industrial (131) : Singapore (85%) + Australia (13%) + China (2%) by Valuation |
|
First REIT |
Q3 – Sep16 |
$1.335 |
2.120 |
6.345% |
$1.029 |
30.00% |
Hospitals (12 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
|
StarhillGbl Reit |
Q1 – Sep16 |
$0.815 |
1.300 |
6.344% |
$0.910 |
35.10% |
Retail (87.2%) + Office (12.8%) ; Singapore (63.4%) + Australia (21.2%) + Malaysia (12.7%) + Others (2.7%) by Revenue |
|
Frasers L&I Tr |
FY16 – IPO |
$0.965 |
2.030 |
6.294% |
$0.909 |
25.70% |
Industrial (Australia) – 51 |
|
CapitaR China Tr |
Q3 – Sep16 |
$1.495 |
2.360 |
6.281% |
$1.540 |
36.70% |
Retail (China) – 11 |
|
Keppel DC REIT |
Q3 – Sep16 |
$1.245 |
1.900 |
6.104% |
$0.889 |
29.40% |
Data Centres – 9 + 1 (Under Devt) |
|
Suntec Reit |
Q3 – Sep16 |
$1.680 |
2.535 |
6.046% |
$2.102 |
37.80% |
Office (68%) + Retail (26%) + Convention (6%) by Income |
|
Keppel Reit |
Q3 – Sep16 |
$1.090 |
1.600 |
5.872% |
$1.410 |
39.00% |
Office (8) : Singapore (90%) + Australia (10%) by Asset Value |
|
CapitaCom Trust |
Q3 – Sep16 |
$1.575 |
2.300 |
5.841% |
$1.720 |
37.80% |
Office (69%) + Retail (18%) + Hotel (13%) by Gross Rental Income |
|
Frasers Cpt Tr |
Q4 – Sep16 |
$2.080 |
2.815 |
5.677% |
$1.930 |
28.30% |
Retail (6) + 31.17% of Hektar (MREIT) |
|
SPHREIT |
Q4 – Aug16 |
$0.975 |
1.410 |
5.641% |
$0.940 |
25.70% |
Retail (2) |
|
CapitaMall Trust |
Q3 – Sep16 |
$2.070 |
2.780 |
5.377% |
$1.860 |
35.40% |
Retail (16) + Office |
|
Mapletree Com Tr |
Q2 – Sep16 |
$1.530 |
2.050 |
5.346% |
$1.320 |
37.30% |
Retail + Office |
|
Fortune Reit HKD |
1H – Jun16 |
$9.460 |
24.780 |
5.239% |
$12.770 |
29.80% |
Retail (HK) – 17 |
|
ParkwayLife Reit |
Q3 – Sep16 |
$2.560 |
3.060 |
4.781% |
$1.640 |
38.20% |
Hospitals + Nursing Homes = 48 : Singapore 58% + Japan 42% by Gross Revenue |
|
Saizen REIT |
2H – Jun15 |
$0.058 |
2.930 |
0.000% |
$1.210 |
35.00% |
Residential (Japan) – 136 |
NOTES :
- Mkt Price is as on 31-Oct-16
- YTL StarHill : Above Yield is Computed using last 4Qs DPU : 5.17ct = 1.32ct (Dec15) + 1.30ct (Sep16) + 1.29ct (Jun16) + 1.26ct (Mar16)
- FHT : Rights Issue on 9-Sep-16 for 441,549,281 @ $0.603, also entitled to DPU (for 1-Apr-16 to 30-Sep-16)
- CDL H-Trust : Above Yield is Computed using last 4Qs DPU : 9.90ct = 3.01ct (Q415) + 4.45ct (1H16) + 2.44ct (Q116) ; DPU Not Paid as Semi-Annual Payout Policy
- PLife : Annualised DPU = 12.24ct
- AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 11.30ct = 2.85ct (Dec15) + 2.75ct (Sep16) + 2.75ct (Jun16) + 2.95ct (Mar16)
- MCT : : Q2 DPU = 1.31ct (4-Aug-16 to 30-Sep-16) + 0.74ct (1-Jul-16 to 3-Aug-16) Already Paid ; Above Yield is Computed using last 4Qs DPU : 8.18ct = 2.08ct (Dec15) + 2.05ct (Sep16) + 2.03ct (Jun16) + 2.02ct (Mar16)
- Cambridge : Annualised DPU = 3.948ct
- CRCT : Annualised DPU = 9.39ct ; DPU Not Paid as Semi-Annual Payout Policy
- CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar16) + 2.88ct (Dec15) + 2.78ct (Sep16) + 2.74ct (Jun16) = 11.13ct
- CLT : Annualised DPU = 7.348ct
- FCT : Above Yield is Computed using last 4Qs DPU : 11.764ct = 2.87ct (Dec15) + 2.815ct (Sep16) + 3.040ct (Jun16) + 3.039ct (Mar16) ; Jun16 DPU Incl. $2.1M Retained in Prior Qs
- VIT : Annualised DPU = 7.201ct
- A-REIT : 2H DPU = 2.156ct (11-Aug-16 to 30-Sep-16) + 5.635ct (1-Apr-16 to 10-Aug-16) Already Paid ; Above Yield is Computed Using latest 4Qs DPU = 15.147ct = 7.356ct (2H16) + 7.791ct (1H17)
- AscottREIT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield Uses Latest 4Qs DPU = 2.35ct (Q316) + 3.875ct (1H16) + 2.068ct (Q415) = 8.293ct
- Suntec : Above Yield is Computed Using latest 4Qs DPU = 10.157ct = 2.75ct (Q415) + 2.535ct (Q316) + 2.501ct (Q216) + 2.371ct (Q116)
- FCOT : Includes 0.2656ct from Capital Gains
- FirstREIT : Annualised DPU = 8.47ct
- CCT : DPU Not Paid as Semi-Annual Payout Policy
- Keppel DC REIT : DPU Not Paid as Semi-Annual Payout Policy
- Sabana : Annualised DPU = 4.77ct
- SB REIT : DPU = 1.533ct if Exclude 94.4Mil New Units Issued on 26-Sep-16 (1-for-10 @ $0.63)
- SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.33ct (Nov15) + 1.41ct (Aug16) + 1.36ct (May16) + 1.40ct (Feb16) =5.50ct
- BHG REIT : Above DPU for the Period 11-Dec-15 to 30-Jun-16
- IREIT : DPU 100% Hedged @ €1 : S$1.53 for FY16
- FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.46ct = 1.17ct (Dec15) + 1.20ct (Sep15) + 1.01ct (Jun16) + 1.08ct (Mar16)
- MLT : Includes 0.06ct Divestment Gain for 8 Qs & 0.2ct for 4Qs from Sep-15 ie DPU = 1.79ct (Jun-16) if Excl Divestment Gains
- Frasers Industrial & Logistics Trust : IPO Prospectus ; DPU : FY16 = 2.03ct (1-Jun-16 to 30-Sep-16) ; FY17 = 6.25ct ; Listing on 21-Jun-16 9AM @ $0.89 ; NAV Using Current Exchange Rate A$1 : S$1.0591 fm Yahoo Finance
- Manulife REIT : IPO Prospectus ; DPU : FY16 = US3.65ct (1-May-16 to 31-Dec-16) @ 1.3592 Exchange Rate; FY17 = US5.87ct @ 1.3658 ; Gearing = 36.8% ; NAV = US$0.79 ; Listing on 20-May-16 2pm @ US$0.83
- A-REIT : DPU = 4.296ct (18-Dec-15 to 31-Mar-16) + 3.06ct (1-Oct-15 to 17-Dec-15) Already Paid
- BHG REIT : IPO Prospectus ; DPU : FY15 = 0.76ct (1-Nov-15 to 31-Dec-15) / 0.53ct if exclude sponsor waiver ; FY16 = 5.08ct / 3.56ct if exclude sponsor waiver ; Gearing = 33.5% ; NAV = $0.826 ; Listing on 11-Dec-15 2pm @ $0.80
- OUE H-Trust : Rights Circular dated 15-Mar-16 ; 33-for-100 Rights Issue @ $0.54 (TERP = $0.7092 @ $0.765) ; Proforma FY15 DPU = 4.89cts <- 5.84ct ; NAV = $0.81 <- $0.90 ; Gearing = 37.8% <- 42%
- IREIT Global : Rights Circular ; 45-for-100 Rights Issue @ $0.468 (TERP = $0.7004 @ $0.805) ; Proforma FY14 DPU = €1.53cts (Same as Actual) ; NAV = €0.48 -> €0.41 ; Gearing 31.8% -> 43.7%
- Keppel DC REIT : IPO Prospectus ; DPU : FY15 = 6.36ct ; FY16 = 6.65ct ; Gearing = 27.8% ; NAV = $0.87 ; Listing on 11-Dec-14 2pm @ $0.88
- IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
Shipping Trusts (non-REITs)
|
Trust |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Assets Type |
|
FSL Trust^ |
Q2 – Jun16 |
$0.161 |
0.00 |
0.000% |
$0.450 |
Shipping Trust |
|
RickmersMaritime |
Q3 – Sep16 |
$0.035 |
0.00 |
0.000% |
$0.260 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3931 : US$1 fm Yahoo Finance)
- Rickmers : DPU Suspended fm Q315
- FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13
Other Trusts (non-REITs)
|
Trust |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Assets Type |
|
Kep Infra Tr |
Q3 – Sep16 |
$0.505 |
0.93 |
7.366% |
$0.316 |
Infrastructure |
|
Ascendas-iTrust |
Q1 – Jun16 |
$1.070 |
1.36 |
5.084% |
$0.650 |
India – Industrial Park (6) |
|
Indiabulls Trust |
2H – Mar16 |
$0.255 |
0.00 |
0.250% |
$1.710 |
India – Office |
|
HPH Trust USD |
1H – Jun16 |
$0.445 |
14.00 |
9.476% |
HK$4.71 |
Ports – HK (40%) + China (60%) by Revenue |
|
RHT HealthTrust |
Q1 – Jun16 |
$0.860 |
1.79 |
8.326% |
$0.882 |
India – Healthcare (18) |
|
Croesus Rtrust |
2H – Jun16 |
$0.860 |
1.70 |
7.953% |
Y76.87 |
Japan – Retail (11) |
|
Asian Pay TV Tr |
Q2 – Jun16 |
$0.515 |
1.63 |
12.621% |
$0.810 |
Taiwan PayTV |
|
Accordia Golf Tr |
Q1 – Jun16 |
$0.655 |
1.82 |
10.122% |
$0.960 |
Japan Golf Courses – 89 |
NOTES :
- CroesusRT : Exchange Rate Y100 = S$1.3265 ; Annualised DPU = 6.84ct ; Actual Payout = 1.61ct (4-Apr-16 to 30-Jun-16) ; Hedged Rate – FY16 @ Y85.01 ; FY17 @ Y83.57 ; FY18 @ Y76.39
- Accordia : : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield Computed Using DPU = 6.63ct = 4.31ct (2H16 – Mar16) + 2.32ct (1H16 – Sep15)
- APTT : Above Yield uses DPU = 6.5ct as FY16 Guidance = 6.5ct to 7ct (1.625ct/Q ; Q4 May Have Additional DPU)
- RHT : DPU Not Paid as Semi-Annual Payout Policy
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7550 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun16) = HK14.0ct + 2H (Dec15) = HK18.7ct
- a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
- Religare : FY17 DPU Payout Reduced to 95% from current 100%
- Indiabulls : Yield Computed Using 0ct (2H16) + 0.0638ct (1H16)
- APTT : FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
- Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
- KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
- Indiabulls : Maiden DPU on 1H (Sep12) Declared since Listing on 11-Jun-08
Performance – September 2016
STI -0.46% : 2869.47 (Sep-16) vs 2882.73 (Dec-15)
Rank – Capital Gains
|
REIT |
Sep-16 |
Dec-15 |
Gain |
|
MCT |
$ 1.600 |
$ 1.300 |
23.1% |
|
Fortune Reit HK$ |
$ 9.630 |
$ 7.900 |
21.9% |
|
Mapletree GCC Tr |
$ 1.100 |
$ 0.915 |
20.2% |
|
Keppel DC REIT |
$ 1.220 |
$ 1.015 |
20.2% |
|
K-REIT |
$ 1.115 |
$ 0.930 |
19.9% |
|
FrasersCT |
$ 2.200 |
$ 1.845 |
19.2% |
|
CapitaComm |
$ 1.590 |
$ 1.350 |
17.8% |
|
MIT |
$ 1.785 |
$ 1.520 |
17.4% |
|
Lippo Malls Tr |
$ 0.375 |
$ 0.320 |
17.2% |
|
First REIT |
$ 1.355 |
$ 1.200 |
12.9% |
|
CapitaMall |
$ 2.170 |
$ 1.930 |
12.4% |
|
Fraser LT |
$ 0.995 |
$ 0.890 |
11.8% |
|
ParkwayLife Reit |
$ 2.600 |
$ 2.330 |
11.6% |
|
VIT |
$ 0.790 |
$ 0.710 |
11.3% |
|
SuntecReit |
$ 1.715 |
$ 1.550 |
10.6% |
|
FrasersComm |
$ 1.405 |
$ 1.270 |
10.6% |
|
Ascendasreit |
$ 2.520 |
$ 2.280 |
10.5% |
|
StarhillGbl Reit |
$ 0.820 |
$ 0.755 |
8.6% |
|
CapitaRChina |
$ 1.615 |
$ 1.490 |
8.4% |
|
MapletreeLog |
$ 1.070 |
$ 0.990 |
8.1% |
|
OUE C-REIT |
$ 0.700 |
$ 0.655 |
6.9% |
|
IREIT Global |
$ 0.735 |
$ 0.690 |
6.5% |
|
CDL Htrust |
$ 1.400 |
$ 1.325 |
5.7% |
|
SPHREIT |
$ 1.000 |
$ 0.955 |
4.7% |
|
AIMSAMP Cap Reit |
$ 1.405 |
$ 1.375 |
2.2% |
|
A-HTrust |
$ 0.735 |
$ 0.740 |
-0.7% |
|
Manulife |
$ 0.820 |
$ 0.830 |
-1.2% |
|
CLT |
$ 0.895 |
$ 0.910 |
-1.6% |
|
Cambridge |
$ 0.550 |
$ 0.565 |
-2.7% |
|
AscottREIT |
$ 1.140 |
$ 1.185 |
-3.8% |
|
Frasers Htrust |
$ 0.690 |
$ 0.750 |
-8.0% |
|
FE-HTrust |
$ 0.605 |
$ 0.665 |
-9.0% |
|
SB REIT |
$ 0.700 |
$ 0.770 |
-9.1% |
|
OUE H-Trust |
$ 0.680 |
$ 0.770 |
-11.7% |
|
BHG REIT |
$ 0.685 |
$ 0.800 |
-14.4% |
|
Sabana |
$ 0.525 |
$ 0.715 |
-26.6% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- Dec-15: End Dec-15 Mkt Price
- Sep-16 : End Sep-16 Mkt Price
- Gain : Capital Gains = (Sep-16 Mkt Price – Dec-15 Mkt Price) / (Dec-15 Mkt Price)
- Manulife : Listed on 20-May-16 2pm
- FLT : Listed on 21-Jun-16
September 2016
REITs : Average Yield = 6.887% (Excludes Saizen)
|
REIT |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Gearing |
Assets Type |
|
Sabana REIT |
Q2 – Jun16 |
$0.525 |
1.230 |
9.429% |
$0.800 |
41.20% |
Industrial (21) |
|
Lippo Malls Tr |
Q2 – Jun16 |
$0.375 |
0.850 |
9.067% |
$0.379 |
35.70% |
Retail (Indonesia) – 19 |
|
SoilbuildBizREIT |
Q2 – Jun16 |
$0.700 |
1.565 |
8.943% |
$0.790 |
35.90% |
Industrial (11) : Business Park 34% + Industrial 66% by NPI |
|
Cache Log Trust |
Q2 – Jun16 |
$0.895 |
1.989 |
8.939% |
$0.870 |
39.80% |
Industrial (19) : Singapore (85%) + Australia (14%) + China (1%) by Gross Revenue |
|
Viva Ind Tr |
Q2 – Jun16 |
$0.790 |
1.750 |
8.909% |
$0.807 |
40.00% |
Biz Park (59%) + Light Industrial (25%) + Hotel (10%) + Logistics (6%) by Revenue |
|
FHT |
Q3 – Jun16 |
$0.690 |
1.513 |
8.769% |
$0.800 |
38.30% |
Hotel (60.7%) + Serviced Apt (39.3%) : Australia (29%) + Singapore (27%) + UK (20%) + Japan (15%) + Malaysia (5%) + Germany (4%) by NPI |
|
IREIT Global |
1H – Jun16 |
$0.735 |
3.180 |
8.653% |
$0.643 |
41.80% |
Offices : Germany (5) |
|
AIMSAMP Cap Reit |
Q1 – Jun16 |
$1.405 |
2.750 |
8.078% |
$1.475 |
33.10% |
Industrial (26) : Singapore + Australia |
|
Cambridge Ind Tr |
Q2 – Jun16 |
$0.550 |
1.078 |
7.840% |
$0.669 |
37.40% |
Industrial (51) |
|
OUE COMMERCIAL REIT |
1H – Jun16 |
$0.700 |
2.680 |
7.657% |
$0.910 |
40.20% |
Office (83%) + Retail (17%) ; Singapore (79.9%) + China (20.1%) by Revenue |
|
BHG Retail Reit |
Q2 – Jun16 |
$0.685 |
2.850 |
7.481% |
$0.800 |
29.40% |
Retail (China) – 5 |
|
Far East HTrust |
Q2 – Jun16 |
$0.605 |
1.010 |
7.372% |
$0.929 |
32.80% |
Hotels (64.4%) + Commercial (22.0%) + Serviced Apts (13.6%) by Revenue |
|
OUE Htrust |
Q2 – Jun16 |
$0.680 |
0.920 |
7.191% |
$0.790 |
31.20% |
Hotel (78.0%) + Retail (22.0%) by NPI |
|
Ascott Reit |
1H – Jun16 |
$1.140 |
3.875 |
7.029% |
$1.320 |
41.00% |
Serviced Apts (90) : Key Mkt (87.9%) + R.O.W (12.1%) by Valuation |
|
Ascendas-hTrust |
Q1 – Jun16 |
$0.735 |
1.290 |
7.020% |
$0.850 |
33.20% |
Hotels (11) : Australia (50%) + Japan (26%) + Singapore (15%) + China (9%) by NPI |
|
CDL Htrust |
1H – Jun16 |
$1.400 |
4.450 |
7.014% |
$1.573 |
36.30% |
Hotels : Singapore (61.3%) + Australia (11.2%) + Maldives (8.9%) + NZ (8.1%) + Japan (4.6%) + UK (5.9%) by NPI |
|
Mapletree Log Tr |
Q1 – Jun16 |
$1.070 |
1.850 |
6.916% |
$1.000 |
35.70% |
Industrial (118) |
|
Frasers Com Tr |
Q3 – Jun16 |
$1.405 |
2.410 |
6.897% |
$1.500 |
36.30% |
Singapore (55.3%) + Australia (44.7%) by NPI |
|
Mapletree GCC Tr |
Q1 – Jun16 |
$1.100 |
1.850 |
6.727% |
$1.183 |
40.10% |
Retail + Office : HK (67.8%) + China (32.2%) by NPI |
|
ManulifeREIT USD |
FY16 – IPO |
$0.820 |
3.650 |
6.631% |
$0.780 |
36.80% |
Offices : USA (3) |
|
CapitaR China Tr |
1H – Jun16 |
$1.615 |
5.320 |
6.625% |
$1.550 |
29.20% |
Retail (China) – 10 |
|
Mapletree Ind Tr |
Q1 – Jun16 |
$1.785 |
2.850 |
6.387% |
$1.370 |
28.20% |
Industrial (85) |
|
StarhillGbl Reit |
Q4 – Jun16 |
$0.820 |
1.290 |
6.317% |
$0.910 |
35.00% |
Retail (86.6%) + Office (13.4%) ; Singapore (61.9%) + Australia (22.6%) + Malaysia (12.1%) + China (1.9%) + Japan (1.5%) by Revenue |
|
First REIT |
Q2 – Jun16 |
$1.355 |
2.110 |
6.266% |
$1.031 |
34.40% |
Hospitals (12 – 1 in S Korea) + Hotel (Indonesia – 2) + Nursing Home (Singapore – 3) |
|
Frasers L&I Tr |
FY16 – IPO |
$0.995 |
2.030 |
6.104% |
$0.896 |
25.70% |
Industrial (Australia) – 51 |
|
Ascendas Reit |
Q1 – Jun16 |
$2.520 |
3.996 |
6.048% |
$2.000 |
37.00% |
Industrial : Singapore (85%) + Australia (11%) + China (4%) by Valuation |
|
Suntec Reit |
Q2 – Jun16 |
$1.715 |
2.501 |
5.915% |
$2.101 |
34.70% |
Retail (40%) + Office (41%) + Convention (19%) by Revenue |
|
Keppel Reit |
Q2 – Jun16 |
$1.115 |
1.610 |
5.776% |
$1.410 |
39.00% |
Office (8) : Singapore (90%) + Australia (10%) by Asset Value |
|
CapitaCom Trust |
1H – Jun16 |
$1.590 |
4.390 |
5.522% |
$1.720 |
29.80% |
Office (68%) + Retail (19%) + Hotel (13%) by Gross Rental Income |
|
SPHREIT |
Q3 – May16 |
$1.000 |
1.360 |
5.480% |
$0.940 |
25.70% |
Retail (2) |
|
Keppel DC REIT |
1H – Jun16 |
$1.220 |
3.340 |
5.475% |
$0.884 |
29.10% |
Data Centres – 9 + 1 (Under Devt) |
|
Frasers Cpt Tr |
Q3 – Jun16 |
$2.200 |
3.040 |
5.367% |
$1.900 |
28.50% |
Retail (6) + 31.17% of Hektar (MREIT) |
|
CapitaMall Trust |
Q2 – Jun16 |
$2.170 |
2.740 |
5.221% |
$1.870 |
35.30% |
Retail (16) + Office |
|
Fortune Reit HKD |
1H – Jun16 |
$9.630 |
24.780 |
5.146% |
$12.770 |
29.80% |
Retail (HK) – 17 |
|
Mapletree Com Tr |
Q1 – Jun16 |
$1.600 |
2.030 |
5.094% |
$1.294 |
35.00% |
Retail (68.5%) + Office (31.5%) by NPI |
|
ParkwayLife Reit |
Q2 – Jun16 |
$2.600 |
3.010 |
4.631% |
$1.640 |
37.80% |
Hospitals + Nursing Homes = 48 : Singapore 59% + Japan 41% by Gross Revenue |
|
Saizen REIT |
2H – Jun15 |
$0.059 |
2.930 |
0.000% |
$1.210 |
35.00% |
Residential (Japan) – 136 |
NOTES :
- Mkt Price is as on 30-Sep-16
- BHG REIT : Above DPU for the Period 11-Dec-15 to 30-Jun-16
- IREIT : DPU 100% Hedged @ €1 : S$1.53 for FY16
- OUE H-Trust : Actual DPU Payout = 0.92ct (1.23ct if Rights Shares Not Entitled) ; Above Yield Uses Proforma FY15 DPU from Rights Circular ; Rights were ranked equal to existing shares and entitled to same DPU, New Acquisition Only Completed on 1-Aug
- FHT : DPU Not Paid as Semi-Annual Payout Policy
- MGCT : DPU Not Paid as Semi-Annual Payout Policy
- YTL StarHill : Above Yield is Computed using last 4Qs DPU : 5.18ct = 1.32ct (Dec15) + 1.31ct (Sep15) + 1.29ct (Jun16) + 1.26ct (Mar16)
- FE-HTrust : Above Yield is Computed using last 4Qs DPU : 4.46ct = 1.17ct (Dec15) + 1.20ct (Sep15) + 1.01ct (Jun16) + 1.08ct (Mar16)
- CDL H-Trust : Above Yield is Computed using last 4Qs DPU : 9.82ct = 5.37ct (2H15) + 4.45ct (1H16)
- CRCT : Annualised DPU = 10.70ct
- VIT : Annualised DPU = 7.038ct
- MCT : Above Yield is Computed using last 4Qs DPU : 8.15ct = 2.08ct (Dec15) + 2.02ct (Sep15) + 2.03ct (Jun16) + 2.02ct (Mar16)
- PLife : Annualised DPU = 12.04ct
- AIMSAMPReit : Above Yield is Computed using last 4Qs DPU : 11.35ct = 2.85ct (Dec15) + 2.80ct (Sep15) + 2.75ct (Jun16) + 2.95ct (Mar16)
- MLT : Includes 0.06ct Divestment Gain for 8 Qs & 0.2ct for 4Qs from Sep-15 ie DPU = 1.79ct (Jun-16) if Excl Divestment Gains
- Sabana : Annualised DPU = 4.95ct
- FCOT : Annualised DPU = 9.69ct ; Includes $0.9m from China Square Land for Hotel Payment
- CMT : Above Yield Uses Latest 4Qs DPU = 2.73ct (Mar16) + 2.88ct (Dec15) + 2.98ct (Sep15) + 2.74ct (Jun16) = 11.33ct
- Cambridge : Annualised DPU = 4.312ct
- A-REIT : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield is Computed Using latest 4Qs DPU = 15.241ct = 3.889ct (Q216) + 7.356ct (2H16) + 3.996ct (Q117)
- Suntec : Above Yield is Computed Using latest 4Qs DPU = 10.144ct = 2.75ct (Q415) + 2.522ct (Q315) + 2.501ct (Q216) + 2.371ct (Q116)
- AscottREIT : Above Yield Uses Latest 4Qs DPU = 3.875ct (1H16)) + 4.138ct (2H15) = 8.013ct ; Actual DPU Payout = 2.29ct (23-Mar-16 to 30-Jun-16) as Advanced DPU = 1.585ct (1-Jan-16 to 22-Mar-16) Already Paid
- CLT : Annualised DPU = 8.0ct
- FCT : Above Yield is Computed using last 4Qs DPU : 11.804ct = 2.87ct (Dec15) + 2.859ct (Sep15) + 3.040ct (Jun16) + 3.039ct (Mar16) ; Jun16 DPU Incl. $2.1M Retained in Prior Qs
- FirstREIT : Annualised DPU = 8.49ct
- SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.33ct (Nov15) + 1.39ct (Aug15) + 1.36ct (May16) + 1.40ct (Feb16) =5.48ct
- Frasers Industrial & Logistics Trust : IPO Prospectus ; DPU : FY16 = 2.03ct (1-Jun-16 to 30-Sep-16) ; FY17 = 6.25ct ; Listing on 21-Jun-16 9AM @ $0.89 ; NAV Using Current Exchange Rate A$1 : S$1.0443 fm Yahoo Finance
- Manulife REIT : IPO Prospectus ; DPU : FY16 = US3.65ct (1-May-16 to 31-Dec-16) @ 1.3592 Exchange Rate; FY17 = US5.87ct @ 1.3658 ; Gearing = 36.8% ; NAV = US$0.79 ; Listing on 20-May-16 2pm @ US$0.83
- A-REIT : DPU = 4.296ct (18-Dec-15 to 31-Mar-16) + 3.06ct (1-Oct-15 to 17-Dec-15) Already Paid
- BHG REIT : IPO Prospectus ; DPU : FY15 = 0.76ct (1-Nov-15 to 31-Dec-15) / 0.53ct if exclude sponsor waiver ; FY16 = 5.08ct / 3.56ct if exclude sponsor waiver ; Gearing = 33.5% ; NAV = $0.826 ; Listing on 11-Dec-15 2pm @ $0.80
- OUE H-Trust : Rights Circular dated 15-Mar-16 ; 33-for-100 Rights Issue @ $0.54 (TERP = $0.7092 @ $0.765) ; Proforma FY15 DPU = 4.89cts <- 5.84ct ; NAV = $0.81 <- $0.90 ; Gearing = 37.8% <- 42%
- IREIT Global : Rights Circular ; 45-for-100 Rights Issue @ $0.468 (TERP = $0.7004 @ $0.805) ; Proforma FY14 DPU = €1.53cts (Same as Actual) ; NAV = €0.48 -> €0.41 ; Gearing 31.8% -> 43.7%
- Keppel DC REIT : IPO Prospectus ; DPU : FY15 = 6.36ct ; FY16 = 6.65ct ; Gearing = 27.8% ; NAV = $0.87 ; Listing on 11-Dec-14 2pm @ $0.88
- IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
Shipping Trusts (non-REITs)
|
Trust |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Assets Type |
|
FSL Trust^ |
Q2 – Jun16 |
$0.181 |
0.00 |
0.000% |
$0.450 |
Shipping Trust |
|
RickmersMaritime |
Q2 – Jun16 |
$0.040 |
0.00 |
0.000% |
$0.350 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3618 : US$1 fm Yahoo Finance)
- Rickmers : DPU Suspended fm Q315
- FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13
Other Trusts (non-REITs)
|
Trust |
Period |
Mkt |
DPU cts |
Yield |
NAV |
Assets Type |
|
Kep Infra Tr |
Q2 – Jun16 |
$0.505 |
0.93 |
7.366% |
$0.324 |
Infrastructure |
|
Ascendas-iTrust |
Q1 – Jun16 |
$1.080 |
1.36 |
5.037% |
$0.650 |
India – Industrial Park (6) |
|
Indiabulls Trust |
2H – Mar16 |
$0.255 |
0.00 |
0.250% |
$1.710 |
India – Office |
|
HPH Trust USD |
1H – Jun16 |
$0.445 |
14.00 |
9.474% |
HK$4.66 |
Ports – HK (41%) + China (59%) by Revenue |
|
RHT HealthTrust |
Q1 – Jun16 |
$1.045 |
1.79 |
6.852% |
$0.882 |
India – Healthcare (18) |
|
Croesus Rtrust |
2H – Jun16 |
$0.855 |
1.70 |
8.000% |
Y76.87 |
Japan – Retail (11) |
|
Asian Pay TV Tr |
Q2 – Jun16 |
$0.510 |
1.63 |
12.745% |
$0.810 |
Taiwan PayTV |
|
Accordia Golf Tr |
Q1 – Jun16 |
$0.675 |
1.82 |
9.822% |
$0.960 |
Japan Golf Courses – 89 |
NOTES :
- CroesusRT : Exchange Rate Y100 = S$1.3441 ; Annualised DPU = 6.84ct ; Actual Payout = 1.61ct (4-Apr-16 to 30-Jun-16) ; Hedged Rate – FY16 @ Y85.01 ; FY17 @ Y83.57 ; FY18 @ Y76.39
- Accordia : : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield Computed Using DPU = 6.63ct = 4.31ct (2H16 – Mar16) + 2.32ct (1H16 – Sep15)
- APTT : Above Yield uses DPU = 6.5ct as FY16 Guidance = 6.5ct to 7ct (1.625ct/Q ; Q4 May Have Additional DPU)
- RHT : DPU Not Paid as Semi-Annual Payout Policy
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.77566 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun16) = HK14.0ct + 2H (Dec15) = HK18.7ct
- a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
- Religare : FY17 DPU Payout Reduced to 95% from current 100%
- Indiabulls : Yield Computed Using 0ct (2H16) + 0.0638ct (1H16)
- APTT : FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
- Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
- KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
- Indiabulls : Maiden DPU on 1H (Sep12) Declared since Listing on 11-Jun-08
Performance – August 2016
STI -2.156% : 2820.59 (Aug-16) vs 2882.73 (Dec-15)
Rank – Capital Gains
|
REIT |
Aug-16 |
Dec-15 |
Gain |
|
Fortune Reit HK$ |
$ 9.960 |
$ 7.900 |
26.1% |
|
Mapletree GCC Tr |
$ 1.100 |
$ 0.915 |
20.2% |
|
Keppel DC REIT |
$ 1.220 |
$ 1.015 |
20.2% |
|
MCT |
$ 1.560 |
$ 1.300 |
20.0% |
|
Lippo Malls Tr |
$ 0.375 |
$ 0.320 |
17.2% |
|
MIT |
$ 1.780 |
$ 1.520 |
17.1% |
|
FrasersCT |
$ 2.160 |
$ 1.845 |
17.1% |
|
K-REIT |
$ 1.065 |
$ 0.930 |
14.5% |
|
CapitaComm |
$ 1.545 |
$ 1.350 |
14.4% |
|
CapitaMall |
$ 2.160 |
$ 1.930 |
11.9% |
|
First REIT |
$ 1.315 |
$ 1.200 |
9.6% |
|
Fraser LT |
$ 0.975 |
$ 0.890 |
9.6% |
|
CapitaRChina |
$ 1.630 |
$ 1.490 |
9.4% |
|
MapletreeLog |
$ 1.070 |
$ 0.990 |
8.1% |
|
SuntecReit |
$ 1.675 |
$ 1.550 |
8.1% |
|
FrasersComm |
$ 1.365 |
$ 1.270 |
7.5% |
|
Ascendasreit |
$ 2.450 |
$ 2.280 |
7.5% |
|
ParkwayLife Reit |
$ 2.500 |
$ 2.330 |
7.3% |
|
StarhillGbl Reit |
$ 0.805 |
$ 0.755 |
6.6% |
|
IREIT Global |
$ 0.735 |
$ 0.690 |
6.5% |
|
OUE C-REIT |
$ 0.690 |
$ 0.655 |
5.3% |
|
Frasers Htrust |
$ 0.790 |
$ 0.750 |
5.3% |
|
VIT |
$ 0.745 |
$ 0.710 |
4.9% |
|
CDL Htrust |
$ 1.385 |
$ 1.325 |
4.5% |
|
AIMSAMP Cap Reit |
$ 1.395 |
$ 1.375 |
1.5% |
|
Manulife |
$ 0.840 |
$ 0.830 |
1.2% |
|
CLT |
$ 0.915 |
$ 0.910 |
0.5% |
|
SPHREIT |
$ 0.960 |
$ 0.955 |
0.5% |
|
A-HTrust |
$ 0.720 |
$ 0.740 |
-2.7% |
|
AscottREIT |
$ 1.135 |
$ 1.185 |
-4.2% |
|
Cambridge |
$ 0.540 |
$ 0.565 |
-4.4% |
|
BHG REIT |
$ 0.755 |
$ 0.800 |
-5.6% |
|
FE-HTrust |
$ 0.595 |
$ 0.665 |
-10.5% |
|
SB REIT |
$ 0.685 |
$ 0.770 |
-11.0% |
|
OUE H-Trust |
$ 0.675 |
$ 0.770 |
-12.3% |
|
Sabana |
$ 0.525 |
$ 0.715 |
-26.6% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- Dec-15: End Dec-15 Mkt Price
- Aug-16 : End Aug-16 Mkt Price
- Gain : Capital Gains = (Aug-16 Mkt Price – Dec-15 Mkt Price) / (Dec-15 Mkt Price)
- Manulife : Listed on 20-May-16 2pm
- FLT : Listed on 21-Jun-16