March 2016

 

REITs : Average Yield = 7.305% (Excludes Saizen)

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Lippo Malls Tr

Q4 – Dec15

0.810

$0.325

9.969%

$0.384

35.00%

Retail (Indonesia) – 19

Cache Log Trust

Q4 – Dec15

2.074

$0.845

9.818%

$0.880

39.80%

Industrial (19) : Singapore (89%) + Shanghai (1%) + Australia (10%) + China (1%) by Gross Rental Income

Sabana REIT

Q4 – Dec15

1.500

$0.630

9.444%

$0.880

41.70%

Industrial (23)

Viva Ind Tr

Q4 – Dec15

1.634

$0.720

9.004%

$0.813

38.60%

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

FHT

Q1 – Dec15

1.720

$0.775

8.877%

$0.860

38.80%

Hotel (60.7%) + Serviced Apt (39.3%) : Australia (32%) + Singapore (22%) + UK (21%) + Japan (16%) + Malaysia (9%) by NPI

SoilbuildBizREIT

Q4 – Dec15

1.614

$0.730

8.844%

$0.800

36.00%

Business Park 34% + Industrial 66% by NPI

IREIT Global

2H – Dec15

3.030

$0.690

8.783%

$0.628

42.60%

Offices : Germany (5)

AIMSAMP Cap Reit

Q3 – Dec15

2.850

$1.335

8.539%

$1.520

31.50%

Industrial (26)

Cambridge Ind Tr

Q4 – Dec15

1.139

$0.560

8.070%

$0.673

36.90%

Industrial (51)

Mapletree GCC Tr

Q3 – Dec15

1.854

$0.955

7.765%

$1.167

41.40%

Retail + Office : HK (65.9%) + China (34.1%) by NPI

Ascott Reit

2H – Dec15

4.138

$1.070

7.735%

$1.410

39.30%

Serviced Apts (89) : Key Mkt (87.7%) + R.O.W (12.3%) by Valuation

Ascendas-hTrust

Q3 – Dec15

1.450

$0.750

7.733%

$0.720

38.20%

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

Frasers Com Tr

Q1 – Dec15

2.510

$1.300

7.662%

$1.530

36.20%

Singapore (55%) + Australia (45%) by NPI

CDL Htrust

2H – Dec15

5.370

$1.315

7.650%

$1.591

36.40%

Hotels : Singapore (66%) + Australia (11%) + Maldives (10%) + NZ (7%) + Japan (4%)+ UK (2%) by NPI

Far East HTrust

Q4 – Dec15

1.170

$0.630

7.429%

$0.939

32.50%

Hotels (67.8%) + Commercial (20.0%) + Serviced Apts (12.2%) by Revenue

OUE Htrust

Proforma FY15 (Rights)

4.890

$0.660

7.409%

$0.810

37.80%

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

Mapletree Log Tr

Q3 – Dec15

1.870

$1.010

7.406%

$1.000

39.00%

Industrial (118)

OUE COMMERCIAL REIT

2H – Dec15

2.380

$0.650

7.323%

$0.960

40.10%

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

CapitaR China Tr

2H – Dec15

5.230

$1.445

7.114%

$1.720

27.70%

Retail (China) – 10

Mapletree Ind Tr

Q3 – Dec15

2.820

$1.595

7.072%

$1.330

29.30%

Industrial (84)

Keppel Reit

Q4 – Dec15

1.680

$0.995

6.754%

$1.420

39.30%

Office : Singapore (89%) + Australia (11%) by Asset Value

First REIT

Q4 – Dec15

2.090

$1.230

6.748%

$1.039

34.00%

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

StarhillGbl Reit

Q2 – Dec15

1.320

$0.780

6.718%

$0.890

35.70%

Retail (86.1%) + Office (13.9%) ; Singapore (60.8%) + Australia (22.8%) + Malaysia (11.3%) + China (3%) + Japan (2.1%) by Revenue

Ascendas Reit

Q3 – Dec15

3.946

$2.390

6.604%

$2.020

37.30%

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

Keppel DC REIT

2H – Dec15

3.280

$1.060

6.189%

$0.890

29.20%

Data Centres – 9

Suntec Reit

Q4 – Dec15

2.750

$1.675

5.971%

$2.127

35.80%

Retail + Office

Mapletree Com Tr

Q3 – Dec15

2.080

$1.410

5.901%

$1.240

36.30%

Retail (69%) + Office (31%) by NPI

CapitaCom Trust

2H – Dec15

4.310

$1.470

5.864%

$1.730

29.50%

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

Frasers Cpt Tr

Q1 – Dec15

2.870

$2.000

5.864%

$1.910

28.30%

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

BHG Retail Reit

FY15 – IPO

0.760

$0.800

5.684%

$0.826

33.50%

Retail (China) – 5

SPHREIT

Q1 – Nov15

1.330

$0.965

5.668%

$0.940

25.70%

Retail (2)

Fortune Reit HKD

2H – Dec15

23.500

$8.300

5.663%

$12.760

30.10%

Retail (HK) – 17

ParkwayLife Reit

Q4 – Dec15

3.370

$2.390

5.640%

$1.660

35.30%

Hospitals + Nursing Homes = 47 : Singapore 64.1% + Japan 35.9% by NPI

CapitaMall Trust

Q4 – Dec15

2.880

$2.090

5.469%

$1.860

35.40%

Retail (16) + Office

Saizen REIT

2H – Jun15

2.930

$0.090

0.000%

$1.210

35.00%

Residential (Japan) – 136

NOTES :

  • Mkt Price is as on 31-Mar-16
  • IREIT : DPU 80% Hedged @ €1 : S$1.52 for FY16
  • CRCT : : Annualised DPU = 10.28ct for Q415
  • MGCT : DPU Not Paid as Semi-Annual Payout Policy
  • FHT : DPU Not Paid as Semi-Annual Payout Policy
  • A-HTrust : DPU Not Paid as Semi-Annual Payout Policy
  • CDL H-Trust : Above Yield is Computed using last 4Qs DPU : 10.06ct = 5.37ct (2H15) + 4.69ct (1H15)
  • PLife : Annualised DPU = 13.48ct ; Includes Divestment Gain = 0.38ct (4th of 4 Tranches ie Final Tranche)
  • YTL StarHill : Annualised DPU = 5.24ct
  • Suntec : Above Yield is Computed Using DPU = 10.002ct (FY15) = 2.75ct (Q415) + 2.522ct (Q315) + 2.5ct (Q215) + 2.23ct (Q115)
  • VIT : Annualised DPU = 6.483ct
  • CLT : Annualised DPU = 8.49ct ; DPU = 1.174ct (13-Nov-15 to 31-Dec-15) + 0.9ct (1-Oct-15 to 12-Nov-15) Already Paid
  • Sabana : Annualised DPU = 5.95ct
  • A-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • FCOT : Annualised DPU = 9.96ct
  • CMT : Annualised DPU = 11.43ct
  • FCT : Above Yield is Computed using last 4Qs DPU : 11.608ct = 2.87ct (Dec15) + 2.859ct (Sep15) + 3.036ct (Jun15) + 2.963ct (Mar15)
  • FirstREIT : Annualised DPU = 8.3ct
  • SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.33ct (Nov15) + 1.39ct (Aug15) + 1.35ct (May15) + 1.40ct (Feb15) =5.47ct
  • 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
  • Cambridge : Annualised DPU = 4.777ct
  • Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
  • OUE H-Trust : Rights Circular dated 15-Mar-16 ; 33-for-100 Rights Issue @ $0.54 (TERP = $0.7092 @ $0.765) ; Proforma FY15 DPU = 4.89cts <- 5.84ct ; NAV = $0.81 <- $0.90 ; Gearing = 37.8% <- 42%
  • IREIT Global : Rights Circular ; 45-for-100 Rights Issue @ $0.468 (TERP = $0.7004 @ $0.805) ; Proforma FY14 DPU = €1.53cts (Same as Actual) ; NAV = €0.48 -> €0.41 ; Gearing 31.8% -> 43.7%
  • Keppel DC REIT : IPO Prospectus ; DPU : FY15 = 6.36ct ; FY16 = 6.65ct ; Gearing = 27.8% ; NAV = $0.87 ; Listing on 11-Dec-14 2pm @ $0.88
  • IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
  • FHT : IPO Prospectus ; DPU : FY14 (1-Apr-14 to 30-Sep-14) = 3.04ct / 2.86ct if Exclude Top Up ; FY15 = 6.16ct (5.72ct if Exclude) ; Gearing = 41.7% ; NAV = $0.83 ; Listing on 14-Jul-14 2pm @ $0.88
  • OUE C-REIT : IPO Prospectus ; DPU : FY14 = 5.44ct / 4.45ct if Exclude Income Support ; FY15 = 5.51ct (4.6ct if Exclude) ; Gearing = 42.3% ; NAV = $1.043 ; Listing on 27-Jan-14 2pm @ $0.88
  • Viva Industrial Trust : IPO Prospectus ; DPU : FY13 = 3.42ct (1-Jul-13 to 31-Dec-13) / 2.23ct if Exclude Income Support ; FY14 = 6.87ct (4.79ct if Exclude) ; FY15 = 7.03ct (5.19ct if Exclude) ; Gearing = 40.2% ; NAV = $0.74 ; Listing on 4-Nov-13 2pm @ $0.78
  • 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^  

Q4 – Dec15 

0.00 

$0.138  

0.000% 

$0.440  

Shipping Trust  

RickmersMaritime  

Q4 – Dec15 

0.00 

$0.079  

0.000%

$0.410  

Shipping Trust  

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3470 : US$1 fm Yahoo Finance)
  • Rickmers
    : DPU Suspended fm Q315
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13

     
 

Other Trusts (non-REITs)

Trust 

Period 

DPU cts 

Mkt  

Yield  

NAV 

Assets Type  

Kep Infra Tr  

Q3 – Dec15 

0.93 

$0.495  

7.515% 

$0.353  

Infrastructure  

Ascendas-iTrust  

Q3 – Dec15 

1.36 

$0.875  

6.217% 

$0.640  

India – Industrial Park  

Indiabulls Trust  

1H – Sep15 

0.06 

$0.188  

0.706% 

$1.703  

India – Office  

HPH Trust USD  

2H – Dec15 

18.70 

$0.500  

8.873% 

HK$4.70 

Ports – HK (40%) + China (60%) by Revenue  

Religare Htrust  

Q3 – Dec15 

1.91 

$0.980  

7.796% 

$0.905  

India – Healthcare (18)  

Croesus Rtrust  

1H – Dec15 

3.50 

$0.785  

8.841% 

Y76.03 

Japan – Retail (8)  

Asian Pay TV Tr  

Q4 – Dec15 

2.25 

$0.560  

11.607% 

$0.860  

Taiwan PayTV  

Accordia Golf Tr  

Q3 – Dec15 

2.16 

$0.600  

7.733% 

$0.890  

Japan Golf Courses – 89  

NOTES :

  • APTT : Above Yield uses DPU = 6.5ct as FY16 Guidance = 6.5ct to 7ct (1.625ct/Q ; Q4 May Have Additional DPU)
  • CroesusRT : Exchange Rate Y100 = S$1.1982 ; Annualised DPU = 6.94ct ; Hedged Rate – FY16 @ Y85.03 ; FY17 @ Y84.16
  • Accordia : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield Computed Using 1H (Sep15) DPU = 2.32ct
  • RHT : DPU Not Paid as Semi-Annual Payout Policy
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7542 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec15) = HK18.7ct
  • Indiabulls : DPU Not Paid as Semi-Annual Payout Policy
  • a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
  • APTT
    : FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • Indiabulls : Yield Computed Using 0.069ct (2H15) + 0.0638ct (1H16)
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia Golf Trust : IPO Prospectus ; DPU : FY15 (1-Aug-14 to 31-Mar-15) = 6.2ct / Annualised = 6.8ct (Excl. Non-Recurring) – Used in Above Yield Computation or 8.8ct (Incl Non-Recurring) ; Gearing & NAV Computed Using IPO Prospectus Figures ; Listing on 1-Aug-14 2pm @ $0.97
  • Forterra : Delisted on 13-Feb-15 9AM
  • PCRT : Delisted on 5-Feb-15 9AM
  • APTT : Prospectus ; IPO @ $0.97 ; FY13 DPU = 7.29ct Yield = 7.51% ; FY14 DPU = 8.25ct Yield = 8.51% ; List on 29-May-13 2pm
  • Croesus : Prospectus ; IPO @ $0.93 ; FY14 DPU = 7.39ct Yield = 7.946% ; FY15 DPU = 7.49ct Yield = 8.054% ; Gearing = 43.7% ; List on 10-May-13 2pm
  • Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
  • Indiabulls : Maiden DPU on 1H (sep12) Declared since Listing on 11-Jun-08
March 31, 2016 Yield Comments Off on March 2016

Performance – February 2016

 

   
 

STI -7.50% : 2666.51 (Feb-16) vs 2882.73 (Dec-15)

Rank – Capital Gains

REIT

Feb-16

Dec-15

Gain

CapitaMall

$ 2.190

$ 1.930

13.5%

MCT

$ 1.410

$ 1.300

8.5%

SuntecReit

$ 1.670

$ 1.550

7.7%

FrasersCT

$ 1.985

$ 1.845

7.6%

Ascendasreit

$ 2.420

$ 2.280

6.1%

CapitaComm

$ 1.430

$ 1.350

5.9%

A-HTrust

$ 0.770

$ 0.740

4.1%

Frasers Htrust

$ 0.780

$ 0.750

4.0%

Keppel DC REIT

$ 1.055

$ 1.015

3.9%

Fortune Reit HK$

$ 8.050

$ 7.900

1.9%

MIT

$ 1.545

$ 1.520

1.6%

IREIT Global

$ 0.700

$ 0.690

1.4%

ParkwayLife Reit

$ 2.360

$ 2.330

1.3%

K-REIT

$ 0.940

$ 0.930

1.1%

OUE C-REIT

$ 0.660

$ 0.655

0.8%

BHG REIT

$ 0.800

$ 0.800

0.0%

Saizen REIT

$ 1.090

$ 1.090

0.0%

Mapletree GCC Tr

$ 0.910

$ 0.915

-0.5%

SPHREIT

$ 0.945

$ 0.955

-1.0%

StarhillGbl Reit

$ 0.745

$ 0.755

-1.3%

MapletreeLog

$ 0.975

$ 0.990

-1.5%

Lippo Malls Tr

$ 0.315

$ 0.320

-1.6%

VIT

$ 0.695

$ 0.710

-2.1%

OUE H-Trust

$ 0.750

$ 0.770

-2.6%

First REIT

$ 1.165

$ 1.200

-2.9%

FrasersComm

$ 1.230

$ 1.270

-3.1%

CDL Htrust

$ 1.280

$ 1.325

-3.4%

AIMSAMP Cap Reit

$ 1.320

$ 1.375

-4.0%

CapitaRChina

$ 1.425

$ 1.490

-4.4%

FE-HTrust

$ 0.635

$ 0.665

-4.5%

AscottREIT

$ 1.130

$ 1.185

-4.6%

Cambridge

$ 0.525

$ 0.565

-7.1%

CLT

$ 0.845

$ 0.910

-7.1%

SB REIT

$ 0.710

$ 0.770

-7.8%

Sabana

$ 0.625

$ 0.715

-12.6%

NOTES :

  • Not Adjusted for Rights or New Issues Which May Be at a Discount
  • Dec-15: End Dec-15 Mkt Price
  • Feb-16 : End Feb-16 Mkt Price
  • Gain : Capital Gains = (Feb-16 Mkt Price – Dec-15 Mkt Price) / (Dec-15 Mkt Price)
February 29, 2016 Performance Comments Off on Performance – February 2016

February 2016

 

Results Announcement

  • 2 Feb 16 : HPH-Trust (Updated)
  • 3 Feb 16 : RHT (Updated)
  • 4 Feb 16 (AM) : CRCT (Updated)
  • 10 Feb 16 : Accordia (Updated)
  • 11 Feb 16 (AM) : CRT (Updated)
  • 11 Feb 16 : Saizen (Updated)
  • 17 Feb 16 : IREIT (Updated)
  • 19 Feb 16 : Rickmers (Updated)
  • 23 Feb 16 (AM) : APTT (Updated)
  • 23 Feb 16 : FSL (Updated)
  • 23 Feb 16 : LMIR (Updated)
  • 24 Feb 16 (AM) : FE-HTrust (Updated)

 

 

REITs : Average Yield = 7.396%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Lippo Malls Tr

Q4 – Dec15

0.810

$0.315

10.286%

$0.384

35.00%

Retail (Indonesia) – 19

Cache Log Trust

Q4 – Dec15

2.074

$0.845

9.818%

$0.880

39.80%

Industrial (19) : Singapore (89%) + Shanghai (1%) + Australia (10%) + China (1%) by Gross Rental Income

Sabana REIT

Q4 – Dec15

1.500

$0.625

9.520%

$0.880

41.70%

Industrial (23)

Viva Ind Tr

Q4 – Dec15

1.634

$0.695

9.328%

$0.813

38.60%

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

SoilbuildBizREIT

Q4 – Dec15

1.614

$0.710

9.093%

$0.800

36.00%

Business Park 34% + Industrial 66% by NPI

OUE Htrust

Q4 – Dec15

1.700

$0.750

9.067%

$0.900

42.00%

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

FHT

Q1 – Dec15

1.720

$0.780

8.821%

$0.860

38.80%

Hotel (60.7%) + Serviced Apt (39.3%) : Australia (32%) + Singapore (22%) + UK (21%) + Japan (16%) + Malaysia (9%) by NPI

IREIT Global

2H – Dec15

3.030

$0.700

8.657%

$0.629

42.60%

Offices : Germany (5)

AIMSAMP Cap Reit

Q3 – Dec15

2.850

$1.320

8.636%

$1.520

31.50%

Industrial (26)

Cambridge Ind Tr

Q4 – Dec15

1.139

$0.525

8.608%

$0.673

36.90%

Industrial (51)

Mapletree GCC Tr

Q3 – Dec15

1.854

$0.910

8.149%

$1.167

41.40%

Retail + Office : HK (65.9%) + China (34.1%) by NPI

Frasers Com Tr

Q1 – Dec15

2.510

$1.230

8.098%

$1.530

36.20%

Singapore (55%) + Australia (45%) by NPI

CDL Htrust

2H – Dec15

5.370

$1.280

7.859%

$1.591

36.40%

Hotels : Singapore (66%) + Australia (11%) + Maldives (10%) + NZ (7%) + Japan (4%)+ UK (2%) by NPI

Mapletree Log Tr

Q3 – Dec15

1.870

$0.975

7.672%

$1.000

39.00%

Industrial (118)

Ascendas-hTrust

Q3 – Dec15

1.450

$0.770

7.532%

$0.720

38.20%

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

Far East HTrust

Q4 – Dec15

1.170

$0.635

7.370%

$0.939

32.50%

Hotels (67.8%) + Commercial (20.0%) + Serviced Apts (12.2%) by Revenue

Ascott Reit

2H – Dec15

4.138

$1.130

7.324%

$1.410

39.30%

Serviced Apts (89) : Key Mkt (87.7%) + R.O.W (12.3%) by Valuation

Mapletree Ind Tr

Q3 – Dec15

2.820

$1.545

7.301%

$1.330

29.30%

Industrial (84)

CapitaR China Tr

2H – Dec15

5.230

$1.425

7.214%

$1.720

27.70%

Retail (China) – 10

OUE COMMERCIAL REIT

2H – Dec15

2.380

$0.660

7.212%

$0.960

40.10%

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

Keppel Reit

Q4 – Dec15

1.680

$0.940

7.149%

$1.420

39.30%

Office : Singapore (89%) + Australia (11%) by Asset Value

First REIT

Q4 – Dec15

2.090

$1.165

7.124%

$1.039

34.00%

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

StarhillGbl Reit

Q2 – Dec15

1.320

$0.745

7.034%

$0.890

35.70%

Retail (86.1%) + Office (13.9%) ; Singapore (60.8%) + Australia (22.8%) + Malaysia (11.3%) + China (3%) + Japan (2.1%) by Revenue

Ascendas Reit

Q3 – Dec15

3.946

$2.420

6.522%

$2.020

37.30%

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

Keppel DC REIT

2H – Dec15

3.280

$1.055

6.218%

$0.890

29.20%

Data Centres – 9

CapitaCom Trust

2H – Dec15

4.310

$1.430

6.028%

$1.730

29.50%

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

Suntec Reit

Q4 – Dec15

2.750

$1.670

5.989%

$2.127

35.80%

Retail + Office

Frasers Cpt Tr

Q1 – Dec15

2.870

$1.985

5.908%

$1.910

28.30%

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

Mapletree Com Tr

Q3 – Dec15

2.080

$1.410

5.901%

$1.240

36.30%

Retail (69%) + Office (31%) by NPI

Fortune Reit HKD

2H – Dec15

23.500

$8.050

5.839%

$12.760

30.10%

Retail (HK) – 17

SPHREIT

Q1 – Nov15

1.330

$0.945

5.788%

$0.940

25.70%

Retail (2)

ParkwayLife Reit

Q4 – Dec15

3.370

$2.360

5.712%

$1.660

35.30%

Hospitals + Nursing Homes = 47 : Singapore 64.1% + Japan 35.9% by NPI

BHG Retail Reit

FY15 – IPO

0.760

$0.800

5.684%

$0.826

33.50%

Retail (China) – 5

CapitaMall Trust

Q4 – Dec15

2.880

$2.190

5.219%

$1.860

35.40%

Retail (16) + Office

Saizen REIT

2H – Jun15

2.930

$1.090

5.193%

$1.210

35.00%

Residential (Japan) – 136

NOTES :

  • Mkt Price is as on 29-Feb-16
  • IREIT : DPU 80% Hedged @ €1 : S$1.52 for FY16
  • CRCT : : Annualised DPU = 10.28ct for Q415
  • MGCT : DPU Not Paid as Semi-Annual Payout Policy
  • FHT : DPU Not Paid as Semi-Annual Payout Policy
  • A-HTrust : DPU Not Paid as Semi-Annual Payout Policy
  • CDL H-Trust : Above Yield is Computed using last 4Qs DPU : 10.06ct = 5.37ct (2H15) + 4.69ct (1H15)
  • PLife : Annualised DPU = 13.48ct ; Includes Divestment Gain = 0.38ct (4th of 4 Tranches ie Final Tranche)
  • YTL StarHill : Annualised DPU = 5.24ct
  • Suntec : Above Yield is Computed Using DPU = 10.002ct (FY15) = 2.75ct (Q415) + 2.522ct (Q315) + 2.5ct (Q215) + 2.23ct (Q115)
  • VIT : Annualised DPU = 6.483ct
  • CLT : Annualised DPU = 8.49ct ; DPU = 1.174ct (13-Nov-15 to 31-Dec-15) + 0.9ct (1-Oct-15 to 12-Nov-15) Already Paid
  • Sabana : Annualised DPU = 5.95ct
  • A-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • FCOT : Annualised DPU = 9.96ct
  • CMT : Annualised DPU = 11.43ct
  • FCT : Above Yield is Computed using last 4Qs DPU : 11.608ct = 2.87ct (Dec15) + 2.859ct (Sep15) + 3.036ct (Jun15) + 2.963ct (Mar15)
  • FirstREIT : Annualised DPU = 8.3ct
  • SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.33ct (Nov15) + 1.39ct (Aug15) + 1.35ct (May15) + 1.40ct (Feb15) =5.47ct
  • 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
  • Cambridge : Annualised DPU = 4.777ct
  • Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
  • IREIT Global : Rights Circular ; 45-for-100 Rights Issue @ $0.468 (TERP = $0.7004 @ $0.805) ; Proforma FY14 DPU = €1.53cts (Same as Actual) ; NAV = €0.48 -> €0.41 ; Gearing 31.8% -> 43.7%
  • Keppel DC REIT : IPO Prospectus ; DPU : FY15 = 6.36ct ; FY16 = 6.65ct ; Gearing = 27.8% ; NAV = $0.87 ; Listing on 11-Dec-14 2pm @ $0.88
  • IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
  • FHT : IPO Prospectus ; DPU : FY14 (1-Apr-14 to 30-Sep-14) = 3.04ct / 2.86ct if Exclude Top Up ; FY15 = 6.16ct (5.72ct if Exclude) ; Gearing = 41.7% ; NAV = $0.83 ; Listing on 14-Jul-14 2pm @ $0.88
  • OUE C-REIT : IPO Prospectus ; DPU : FY14 = 5.44ct / 4.45ct if Exclude Income Support ; FY15 = 5.51ct (4.6ct if Exclude) ; Gearing = 42.3% ; NAV = $1.043 ; Listing on 27-Jan-14 2pm @ $0.88
  • Viva Industrial Trust : IPO Prospectus ; DPU : FY13 = 3.42ct (1-Jul-13 to 31-Dec-13) / 2.23ct if Exclude Income Support ; FY14 = 6.87ct (4.79ct if Exclude) ; FY15 = 7.03ct (5.19ct if Exclude) ; Gearing = 40.2% ; NAV = $0.74 ; Listing on 4-Nov-13 2pm @ $0.78
  • 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

Q4 – Dec15

0

$0.133

0.000%

$0.440

Shipping Trust

RickmersMaritime

Q4 – Dec15

0

$0.053

0.000%

$0.410

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4049 : US$1 fm Yahoo Finance)
  • Rickmers
    : DPU Suspended fm Q315
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13

     
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

Kep Infra Tr

Q3 – Dec15

0.93

$0.465

8.000%

$0.353

Infrastructure

Ascendas-iTrust

Q3 – Dec15

1.36

$0.880

6.182%

$0.640

India – Industrial Park

Indiabulls Trust

1H – Sep15

0.0638

$0.235

0.565%

$1.703

India – Office

HPH Trust USD

2H – Dec15

18.7

$0.470

9.417%

HK$4.70

Ports – HK (40%) + China (60%) by Revenue

Religare Htrust

Q3 – Dec15

1.91

$0.925

8.259%

$0.905

India – Healthcare (18)

Croesus Rtrust

1H – Dec15

3.5

$0.775

8.955%

Y76.03

Japan – Retail (8)

Asian Pay TV Tr

Q4 – Dec15

2.25

$0.590

11.017%

$0.860

Taiwan PayTV

Accordia Golf Tr

Q3 – Dec15

2.16

$0.580

8.000%

$0.890

Japan Golf Courses – 89

NOTES :

  • APTT : Above Yield uses DPU = 6.5ct as FY16 Guidance = 6.5ct to 7ct (1.625ct/Q ; Q4 May Have Additional DPU)
  • CroesusRT : Exchange Rate Y100 = S$1.2442 ; Annualised DPU = 6.94ct ; Hedged Rate – FY16 @ Y85.03 ; FY17 @ Y84.16
  • Accordia : DPU Not Paid as Semi-Annual Payout Policy ; Above Yield Computed Using 1H (Sep15) DPU = 2.32ct
  • RHT : DPU Not Paid as Semi-Annual Payout Policy
  • HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7725 : US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun15) = HK15.7ct + 2H (Dec15) = HK18.7ct
  • Indiabulls : DPU Not Paid as Semi-Annual Payout Policy
  • a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
  • APTT
    : FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • Indiabulls : Yield Computed Using 0.069ct (2H15) + 0.0638ct (1H16)
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia Golf Trust : IPO Prospectus ; DPU : FY15 (1-Aug-14 to 31-Mar-15) = 6.2ct / Annualised = 6.8ct (Excl. Non-Recurring) – Used in Above Yield Computation or 8.8ct (Incl Non-Recurring) ; Gearing & NAV Computed Using IPO Prospectus Figures ; Listing on 1-Aug-14 2pm @ $0.97
  • Forterra : Delisted on 13-Feb-15 9AM
  • PCRT : Delisted on 5-Feb-15 9AM
  • APTT : Prospectus ; IPO @ $0.97 ; FY13 DPU = 7.29ct Yield = 7.51% ; FY14 DPU = 8.25ct Yield = 8.51% ; List on 29-May-13 2pm
  • Croesus : Prospectus ; IPO @ $0.93 ; FY14 DPU = 7.39ct Yield = 7.946% ; FY15 DPU = 7.49ct Yield = 8.054% ; Gearing = 43.7% ; List on 10-May-13 2pm
  • Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
  • Indiabulls : Maiden DPU on 1H (sep12) Declared since Listing on 11-Jun-08
February 29, 2016 Yield Comments Off on February 2016

Performance – January 2016

 

 
 

STI -8.80% : 2629.11 (Jan-16) vs 2882.73 (Dec-15)

Rank – Capital Gains

REIT

Jan-16

Dec-15

Gain

CapitaMall

$ 1.990

$ 1.930

3.1%

FrasersCT

$ 1.900

$ 1.845

3.0%

A-HTrust

$ 0.760

$ 0.740

2.7%

MCT

$ 1.335

$ 1.300

2.7%

SuntecReit

$ 1.580

$ 1.550

1.9%

Ascendasreit

$ 2.320

$ 2.280

1.8%

MIT

$ 1.540

$ 1.520

1.3%

VIT

$ 0.715

$ 0.710

0.7%

BHG REIT

$ 0.800

$ 0.800

0.0%

Fortune Reit HK$

$ 7.830

$ 7.900

-0.9%

AIMSAMP Cap Reit

$ 1.355

$ 1.375

-1.5%

Keppel DC REIT

$ 1.000

$ 1.015

-1.5%

CDL Htrust

$ 1.305

$ 1.325

-1.5%

Saizen REIT

$ 1.070

$ 1.090

-1.8%

Frasers Htrust

$ 0.735

$ 0.750

-2.0%

First REIT

$ 1.170

$ 1.200

-2.5%

StarhillGbl Reit

$ 0.735

$ 0.755

-2.6%

IREIT Global

$ 0.670

$ 0.690

-2.9%

AscottREIT

$ 1.150

$ 1.185

-3.0%

ParkwayLife Reit

$ 2.260

$ 2.330

-3.0%

Lippo Malls Tr

$ 0.310

$ 0.320

-3.1%

SPHREIT

$ 0.920

$ 0.955

-3.7%

FE-HTrust

$ 0.640

$ 0.665

-3.8%

K-REIT

$ 0.895

$ 0.930

-3.8%

OUE C-REIT

$ 0.630

$ 0.655

-3.8%

CapitaComm

$ 1.295

$ 1.350

-4.1%

CLT

$ 0.870

$ 0.910

-4.4%

MapletreeLog

$ 0.940

$ 0.990

-5.1%

OUE H-Trust

$ 0.730

$ 0.770

-5.2%

CapitaRChina

$ 1.410

$ 1.490

-5.4%

SB REIT

$ 0.725

$ 0.770

-5.8%

Sabana

$ 0.665

$ 0.715

-7.0%

Cambridge

$ 0.520

$ 0.565

-8.0%

Mapletree GCC Tr

$ 0.840

$ 0.915

-8.2%

FrasersComm

$ 1.160

$ 1.270

-8.7%

NOTES :

  • Not Adjusted for Rights or New Issues Which May Be at a Discount
  • Dec-15: End Dec-15 Mkt Price
  • Jan-16 : End Jan-16 Mkt Price
  • Gain : Capital Gains = (Jan-16 Mkt Price – Dec-15 Mkt Price) / (Dec-15 Mkt Price)
February 1, 2016 Performance Comments Off on Performance – January 2016

January 2016

 

Results Announcement

  • 5 Jan 16 : SPHREIT (Updated)
  • 14 Jan 16 (AM) : Cambridge (Updated)
  • 14 Jan 16 : Keppel DC REIT (Updated)
  • 18 Jan 16 : KeppelREIT (Updated)
  • 18 Jan 16 : KIT (Updated)
  • 19 Jan 16 : First REIT (Updated)
  • 20 Jan 16 (AM) : CCT (Updated)
  • 20 Jan 16 : FCOT (Updated)
  • 21 Jan 16 : SB REIT (Updated)
  • 21 Jan 16 : FCT (Updated)
  • 21 Jan 16 : a-iTrust (Updated)
  • 21 Jan 16 : Fortune (Updated)
  • 21 Jan 16 : Indiabulls (Updated)
  • 22 Jan 16 (AM) : CMT (Updated)
  • 22 Jan 16 : A-REIT (Updated)
  • 25 Jan 16 : CLT (Updated)
  • 25 Jan 16 : MLT (Updated)
  • 25 Jan 16 : Sabana (Updated)
  • 25 Jan 16 : OUE H-Trust (Updated)
  • 26 Jan 16 (AM) : AscottREIT (Updated)
  • 26 Jan 16 (AM) : VIT (Updated)
  • 26 Jan 16 : MIT (Updated)
  • 26 Jan 16 : PLife (Updated)
  • 26 Jan 16 : YTL Starhill (Updated)
  • 26 Jan 16 : Suntec (Updated)
  • 27 Jan 16 (AM) : OUE C-REIT (Updated)
  • 27 Jan 16 : MCT (Updated)
  • 28 Jan 16 (AM) : AIMSAMPReit (Updated)
  • 28 Jan 16 : CDL H-Trust (Updated)
  • 28 Jan 16 : FHT (Updated)
  • 28 Jan 16 : A-HTrust (Updated)
  • 29 Jan 16 : MGCT (Updated)
  • 2 Feb 16 : HPH-Trust
  • 3 Feb 16 : RHT
  • 4 Feb 16 (AM) : CRCT
  • 10 Feb 16 : Accordia
  • 11 Feb 16 (AM) : CRT
  • 12 Feb 16 (AM) : Saizen
  • 23 Feb 16 (AM) : APTT

 

 

REITs : Average Yield = 7.532%

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Lippo Malls Tr

Q3 – Sep15

0.770

$0.310

9.935%

$0.373

35.00%

Retail (Indonesia) – 19

Cache Log Trust

Q4 – Dec15

2.074

$0.870

9.536%

$0.880

39.80%

Industrial (19) : Singapore (89%) + Shanghai (1%) + Australia (10%) + China (1%) by Gross Rental Income

FHT

Q1 – Dec15

1.720

$0.735

9.361%

$0.860

38.80%

Hotel (60.7%) + Serviced Apt (39.3%) : Australia (32%) + Singapore (22%) + UK (21%) + Japan (16%) + Malaysia (9%) by NPI

OUE Htrust

Q4 – Dec15

1.700

$0.730

9.315%

$0.900

42.00%

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

Viva Ind Tr

Q4 – Dec15

1.634

$0.715

9.067%

$0.813

38.60%

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

Sabana REIT

Q4 – Dec15

1.500

$0.665

8.947%

$0.880

41.70%

Industrial (23)

SoilbuildBizREIT

Q4 – Dec15

1.614

$0.725

8.905%

$0.800

36.00%

Business Park 34% + Industrial 66% by NPI

Mapletree GCC Tr

Q3 – Dec15

1.854

$0.840

8.829%

$1.167

41.40%

Retail + Office : HK (65.9%) + China (34.1%) by NPI

Cambridge Ind Tr

Q4 – Dec15

1.139

$0.520

8.690%

$0.673

36.90%

Industrial (51)

Frasers Com Tr

Q1 – Dec15

2.510

$1.160

8.586%

$1.530

36.20%

Singapore (55%) + Australia (45%) by NPI

IREIT Global

Q3 – Sep15

1.410

$0.670

8.418%

$0.637

43.40%

Offices : Germany

AIMSAMP Cap Reit

Q3 – Dec15

2.850

$1.355

8.413%

$1.520

31.50%

Industrial (26)

Mapletree Log Tr

Q3 – Dec15

1.870

$0.940

7.957%

$1.000

39.00%

Industrial (118)

CDL Htrust

2H – Dec15

5.370

$1.305

7.709%

$1.591

36.40%

Hotels : Singapore (66%) + Australia (11%) + Maldives (10%) + NZ (7%) + Japan (4%)+ UK (2%) by NPI

Ascendas-hTrust

Q3 – Dec15

1.450

$0.760

7.632%

$0.720

38.20%

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

OUE COMMERCIAL REIT

2H – Dec15

2.380

$0.630

7.556%

$0.960

40.10%

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

Keppel Reit

Q4 – Dec15

1.680

$0.895

7.508%

$1.420

39.30%

Office : Singapore (89%) + Australia (11%) by Asset Value

Far East HTrust

Q3 – Sep15

1.200

$0.640

7.500%

$0.965

31.40%

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

CapitaR China Tr

Q3 – Sep15

2.640

$1.410

7.426%

$1.680

28.50%

Retail (China) – 10

Mapletree Ind Tr

Q3 – Dec15

2.820

$1.540

7.325%

$1.330

29.30%

Industrial (84)

Ascott Reit

2H – Dec15

4.138

$1.150

7.197%

$1.410

39.30%

Serviced Apts (89) : Key Mkt (87.7%) + R.O.W (12.3%) by Valuation

StarhillGbl Reit

Q2 – Dec15

1.320

$0.735

7.129%

$0.890

35.70%

Retail (86.1%) + Office (13.9%) ; Singapore (60.8%) + Australia (22.8%) + Malaysia (11.3%) + China (3%) + Japan (2.1%) by Revenue

First REIT

Q4 – Dec15

2.090

$1.170

7.094%

$1.039

34.00%

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

Ascendas Reit

Q3 – Dec15

3.946

$2.320

6.803%

$2.020

37.30%

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

CapitaCom Trust

2H – Dec15

4.310

$1.295

6.656%

$1.730

29.50%

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

Keppel DC REIT

2H – Dec15

3.280

$1.000

6.560%

$0.890

29.20%

Data Centres – 9

Suntec Reit

Q4 – Dec15

2.750

$1.580

6.330%

$2.127

35.80%

Retail + Office

Mapletree Com Tr

Q3 – Dec15

2.080

$1.335

6.232%

$1.240

36.30%

Retail (69%) + Office (31%) by NPI

Frasers Cpt Tr

Q1 – Dec15

2.870

$1.900

6.173%

$1.910

28.30%

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

Fortune Reit HKD

2H – Dec15

23.500

$7.830

6.003%

$12.760

30.10%

Retail (HK) – 17

ParkwayLife Reit

Q4 – Dec15

3.370

$2.260

5.965%

$1.660

35.30%

Hospitals + Nursing Homes = 47 : Singapore 64.1% + Japan 35.9% by NPI

SPHREIT

Q1 – Nov15

1.330

$0.920

5.946%

$0.940

25.70%

Retail (2)

CapitaMall Trust

Q4 – Dec15

2.880

$1.990

5.744%

$1.860

35.40%

Retail (16) + Office

BHG Retail Reit

FY15 – IPO

0.760

$0.800

5.684%

$0.826

33.50%

Retail (China) – 5

Saizen REIT

2H – Jun15

2.930

$1.070

5.477%

$1.210

35.00%

Residential (Japan) – 136

NOTES :

  • Mkt Price is as on 29-Jan-16
  • MGCT : DPU Not Paid as Semi-Annual Payout Policy
  • FHT : DPU Not Paid as Semi-Annual Payout Policy
  • CDL H-Trust : Above Yield is Computed using last 4Qs DPU : 10.06ct = 5.37ct (2H15) + 4.69ct (1H15)
  • PLife : Annualised DPU = 13.48ct ; Includes Divestment Gain = 0.38ct (4th of 4 Tranches ie Final Tranche)
  • YTL StarHill : Annualised DPU = 5.24ct
  • Suntec : Above Yield is Computed Using DPU = 10.002ct (FY15) = 2.75ct (Q415) + 2.522ct (Q315) + 2.5ct (Q215) + 2.23ct (Q115)
  • VIT : Annualised DPU = 6.483ct
  • CLT : Annualised DPU = 8.49ct ; DPU = 1.174ct (13-Nov-15 to 31-Dec-15) + 0.9ct (1-Oct-15 to 12-Nov-15) Already Paid
  • Sabana : Annualised DPU = 5.95ct
  • A-REIT : DPU Not Paid as Semi-Annual Payout Policy
  • FCOT : Annualised DPU = 9.96ct
  • CMT : Annualised DPU = 11.43ct
  • FCT : Above Yield is Computed using last 4Qs DPU : 11.608ct = 2.87ct (Dec15) + 2.859ct (Sep15) + 3.036ct (Jun15) + 2.963ct (Mar15)
  • FirstREIT : Annualised DPU = 8.3ct
  • SPHREIT : Above Yield is Computed using last 4Qs DPU = 1.33ct (Nov15) + 1.39ct (Aug15) + 1.35ct (May15) + 1.40ct (Feb15) =5.47ct
  • 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
  • IREIT : No DPU Paid as Semi-Annual Payout Policy ; DPU Hedged @ €1 : S$1.54
  • Saizen : DPU Not Paid as Semi-Annual Payout Policy
  • CRCT : : Annualised DPU = 10.47ct
  • Cambridge : Annualised DPU = 4.777ct
  • Saizen : DPU Hedged @ Y85.6(Jun-15) & Y87 for 1H16 (Mar-16)
  • IREIT Global : Rights Circular ; 45-for-100 Rights Issue @ $0.468 (TERP = $0.7004 @ $0.805) ; Proforma FY14 DPU = €1.53cts (Same as Actual) ; NAV = €0.48 -> €0.41 ; Gearing 31.8% -> 43.7%
  • Keppel DC REIT : IPO Prospectus ; DPU : FY15 = 6.36ct ; FY16 = 6.65ct ; Gearing = 27.8% ; NAV = $0.87 ; Listing on 11-Dec-14 2pm @ $0.88
  • IREIT Global : IPO Prospectus ; DPU : FY14 (1-Jul-14 to 31-Dec-14) = 3.33ct ; FY15 = 7.01ct ; FY16 = 7.01ct ; Gearing = 33.2% ; NAV = $0.78 ; Listing on 13-Aug-14 2pm @ $0.88
  • FHT : IPO Prospectus ; DPU : FY14 (1-Apr-14 to 30-Sep-14) = 3.04ct / 2.86ct if Exclude Top Up ; FY15 = 6.16ct (5.72ct if Exclude) ; Gearing = 41.7% ; NAV = $0.83 ; Listing on 14-Jul-14 2pm @ $0.88
  • OUE C-REIT : IPO Prospectus ; DPU : FY14 = 5.44ct / 4.45ct if Exclude Income Support ; FY15 = 5.51ct (4.6ct if Exclude) ; Gearing = 42.3% ; NAV = $1.043 ; Listing on 27-Jan-14 2pm @ $0.88
  • Viva Industrial Trust : IPO Prospectus ; DPU : FY13 = 3.42ct (1-Jul-13 to 31-Dec-13) / 2.23ct if Exclude Income Support ; FY14 = 6.87ct (4.79ct if Exclude) ; FY15 = 7.03ct (5.19ct if Exclude) ; Gearing = 40.2% ; NAV = $0.74 ; Listing on 4-Nov-13 2pm @ $0.78
  • 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

Q3 – Sep15

0

$0.134

0.000%

$0.430

Shipping Trust

RickmersMaritime

Q3 – Sep15

0

$0.054

0.000%

$0.570

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4237 : US$1 fm Yahoo Finance)
  • Rickmers
    : DPU Suspended fm Q315
  • FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13 ; Restriction on DPU Payout Continues after 30-Jun-13

     
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

Kep Infra Tr

Q3 – Dec15

0.93

$0.460

8.087%

$0.353

Infrastructure

Ascendas-iTrust

Q3 – Dec15

1.36

$0.800

6.800%

$0.640

India – Industrial Park

Indiabulls Trust

1H – Sep15

0.0638

$0.200

0.664%

$1.703

India – Office

HPH Trust USD

1H – Jun15

15.7

$0.475

10.267%

HK$4.84

Ports – HK + China

Religare Htrust

1H – Sep15

3.9

$0.940

8.298%

$0.946

India – Healthcare

Croesus Rtrust

Q1 – Sep15

2.08

$0.810

10.185%

Y80.54

Japan – Retail (7)

Asian Pay TV Tr

Q3 – Sep15

2

$0.620

13.306%

$0.870

Taiwan PayTV

Accordia Golf Tr

1H – Sep15

2.32

$0.515

9.010%

$0.890

Japan Golf Courses – 89

NOTES :

  • Indiabulls : DPU Not Paid as Semi-Annual Payout Policy
  • a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
  • CroesusRT : Exchange Rate Y100 = S$1.1750 ; Annualised DPU = 8.25ct ; DPU Not Paid as Semi-Annual Payout Policy
  • APTT : Above Yield uses DPU = 8.25ct as FY15 Guidance = 8.25ct (Q1,Q2,Q3 = 2ct + Q4 =2.25ct)
  • HPH Trust : DPU Not Paid for Q3 as Semi-Annual Payout Policy ; DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7919 : 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)
  • Indiabulls : 5-for-1 Shares Consolidation on 25-Aug-15
  • KIT : Previously Cityspring + Offer of Units-in-Specie for Previous KIT ; Started Trading on 18 May 15
  • Accordia Golf Trust : IPO Prospectus ; DPU : FY15 (1-Aug-14 to 31-Mar-15) = 6.2ct / Annualised = 6.8ct (Excl. Non-Recurring) – Used in Above Yield Computation or 8.8ct (Incl Non-Recurring) ; Gearing & NAV Computed Using IPO Prospectus Figures ; Listing on 1-Aug-14 2pm @ $0.97
  • Forterra : Delisted on 13-Feb-15 9AM
  • PCRT : Delisted on 5-Feb-15 9AM
  • APTT : Prospectus ; IPO @ $0.97 ; FY13 DPU = 7.29ct Yield = 7.51% ; FY14 DPU = 8.25ct Yield = 8.51% ; List on 29-May-13 2pm
  • Croesus : Prospectus ; IPO @ $0.93 ; FY14 DPU = 7.39ct Yield = 7.946% ; FY15 DPU = 7.49ct Yield = 8.054% ; Gearing = 43.7% ; List on 10-May-13 2pm
  • Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
  • Indiabulls : Maiden DPU on 1H (sep12) Declared since Listing on 11-Jun-08
January 29, 2016 Yield Comments Off on January 2016