March 2014
REITs : Average Yield = 6.895%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Viva Ind Tr |
Q4 – Dec13 |
1.080 |
$0.770 |
8.827% |
$0.750 |
38.80% |
Biz Park (77.6%) + Hotel (18.6%) + Logistics (3.8%) |
|
AscendasHT |
Q3 – Dec13 |
1.610 |
$0.735 |
8.762% |
$0.730 |
35.80% |
Hotels : Australia (53%) + Singapore (23%) + Japan (16%) + China (8%) |
|
Sabana REIT |
Q4 – Dec13 |
2.190 |
$1.030 |
8.437% |
$1.070 |
36.90% |
Industrial (22) |
|
AIMSAMPI Reit |
Q3 – Dec13 |
2.770 |
$1.340 |
8.269% |
$1.518 |
26.50% |
Industrial (25) |
|
LippoMalls |
Q4 – Dec13 |
0.560 |
$0.400 |
8.125% |
$0.412 |
34.30% |
Retail (Indonesia) |
|
OUE HT |
Q4 – Dec13 |
1.670 |
$0.845 |
7.905% |
$0.920 |
32.00% |
Hotel (69%) + Retail (31%) |
|
SoilbuildBizREIT |
Q4 – Dec13 |
1.510 |
$0.780 |
7.679% |
$0.800 |
29.30% |
Business Park (2) + Industrial (5) |
|
CACHE |
Q4 – Dec13 |
2.137 |
$1.135 |
7.470% |
$0.980 |
29.10% |
Industrial : Singapore (12) + Shanghai (1) |
|
MapletreeGCC |
Q3 – Dec13 |
1.518 |
$0.815 |
7.387% |
$0.943 |
40.50% |
Retail + Office (China + HK) |
|
MapletreeInd |
Q3 – Dec13 |
2.510 |
$1.365 |
7.355% |
$1.110 |
36.30% |
Industrial (83) |
|
Saizen REIT |
1H – Dec13 |
3.250 |
$0.890 |
7.303% |
$1.170 |
38.00% |
Residential (Japan) – 139 |
|
MapletreeLog |
Q3 – Dec13 |
1.840 |
$1.045 |
7.043% |
$0.910 |
33.90% |
Industrial (111) |
|
AscottREIT |
2H – Dec13 |
3.698 |
$1.195 |
7.028% |
$1.350 |
34.00% |
Serviced Apts : AsiaPacific (61.5%) + Europe (38.5%) |
|
First REIT |
Q4 – Dec13 |
1.970 |
$1.075 |
6.995% |
$0.966 |
32.30% |
Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3) |
|
Far East HTrust |
Q4 – Dec13 |
1.420 |
$0.820 |
6.927% |
$0.983 |
30.90% |
Hotels (67.1%) + Serviced Apts (14.8%) + Commercial (18.1%) by Revenue |
|
Cambridge |
Q4 – Dec13 |
1.251 |
$0.720 |
6.893% |
$0.695 |
28.70% |
Industrial (47) |
|
Kep REIT |
Q4 – Dec13 |
1.970 |
$1.140 |
6.860% |
$1.380 |
42.10% |
Offices : Singapore (5) + Australia (4) |
|
OUE COMMERCIAL REIT |
FY14 – IPO |
5.440 |
$0.795 |
6.843% |
$1.043 |
42.30% |
Retail + Office |
|
CDL Htrust |
2H – Dec13 |
5.560 |
$1.655 |
6.719% |
$1.630 |
29.70% |
Hotels : Singapore (77.1%) + Australia (10.5%) + NZ (4.5%) + Maldives (7.9%) |
|
Frasers Comm |
Q1 – Dec13 |
2.050 |
$1.255 |
6.478% |
$1.540 |
37.90% |
Office + Retail (5) |
|
Ascendasreit |
Q3 – Dec13 |
3.540 |
$2.260 |
6.265% |
$1.945 |
30.10% |
Industrial (105) |
|
FrasersCT |
Q1 – Dec13 |
2.500 |
$1.780 |
6.197% |
$1.770 |
29.70% |
Retail (5) + 31.17% of Hektar (MREIT) |
|
CapitaRChina |
2H – Dec13 |
4.330 |
$1.400 |
6.186% |
$1.430 |
32.60% |
Retail (China) – 10 |
|
Starhill Gbl |
Q4 – Dec13 |
1.230 |
$0.790 |
6.177% |
$0.920 |
29.00% |
Retail (87.2%) + Office (12.8%) by Revenue |
|
SuntecReit |
Q4 – Dec13 |
2.562 |
$1.660 |
6.173% |
$2.108 |
38.00% |
Retail + Office |
|
MapletreeCom |
Q3 – Dec13 |
1.865 |
$1.220 |
6.115% |
$1.070 |
40.80% |
Retail + Office |
|
Fortune Reit HK$ |
2H – Dec13 |
18.000 |
$5.890 |
6.112% |
$10.260 |
32.70% |
Retail (HK) |
|
CapitaMall |
Q4 – Dec13 |
2.720 |
$1.890 |
5.709% |
$1.710 |
35.30% |
Retail (16) + Office |
|
CapitaComm |
2H – Dec13 |
4.130 |
$1.485 |
5.562% |
$1.670 |
29.30% |
Office (65%) + Retail (21%) + Hotel (14%) |
|
SPHREIT |
Q1 – Nov13 |
1.860 |
$0.980 |
5.329% |
$0.900 |
26.70% |
Retail (2) |
|
PLife REIT |
Q4 – Dec13 |
2.820 |
$2.440 |
4.623% |
$1.600 |
33.00% |
Hospitals + Nursing Homes = 44 |
NOTES :
- Mkt Price is as on 31-Mar-14
- VIT : Annualised DPU = 6.707ct for the Period 4-Nov-13 to 31-Dec-13
- LMIR : Yield Computed using FY13 DPU = 3.25ct ; Q4 DPU = 0.56ct => Yield = 5.53% @ $0.405
- A-HTrust : No DPU Payout as Semi-Annual Policy
- 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
- PLife : Annualised DPU = 11.28ct
- StarHill Global : Annualised DPU = 4.88ct
- MGCCT : Annualised DPU = 6.02ct
- Suntec : Includes Capital = 0.175ct
- SB REIT : Annualised DPU = 5.99ct
- FCOT : Annualised DPU = 8.13ct
- Sabana : Annualised DPU = 8.69ct
- CMT : Annualised DPU = 10.79ct
- CLT : Annualised DPU = 8.478ct
- FCT : DPU excludes Retained Cash of 0.25 cents per unit ; Above Yield is Computed using last 4Qs DPU = 11.03ct ie 2.5ct (Dec13) + 2.98ct (Sep13) + 2.85ct (Jun13) + 2.7ct (Mar13)
- FirstREIT : Annualised DPU = 7.52ct
- Cambridge : Annualised DPU = 4.963ct
- SPH REIT : 0.56ct (24-Jul to 31-Aug) + 1.3ct (1-Sep to 30-Nov)
- Saizen : 5-to-1 Unit Consolidation on 5-Nov-13
- OUE H-Trust : DPU = 1.24ct (25-Jul-13 to 30-Sep-13) Not Paid as 1st DPU Payout will be in Dec-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
- 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
- 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
- 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
- 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
- FE-HTrust : IPO Prospectus ; DPU : FY12 = 2.32ct (Forecast Period 1-Aug-12 to 31-Dec-12 ; Entitlement only from Listing Date) / FY13 = 5.83ct ; Yield : FY12 = 5.99% / FY13 = 6.27% ; Gearing = 30.5% ; NAV = $0.93 ; Listing on 27-Aug-12 2pm
- A-HTrust : Listing on 27-Jul-12 2pm ; FY13 DPU = 4.61ct (27 Jul 12 to 31 Mar 13) incl. Waiver of 0.61ct from Sponsor entitlement ; FY14 DPU = 7.07ct ; Gearing = 37.6% Post-IPO Acquisition of Ibis Beijing SanYuan; IPO Prospectus
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q4 – Dec13 |
0 |
$0.113 |
0.000% |
$0.410 |
Shipping Trust |
|
Rickmers |
Q4 – Dec13 |
0.6 |
$0.285 |
10.604% |
$0.620 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2592:US$1 fm Yahoo Finance)
- Rickmers : 16% Payout (of Cash flow available for distribution before payment to debt capital providers)
- 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 |
Q3 – Dec13 |
0.82 |
$0.470 |
6.979% |
$0.249 |
Infrastructure – Water + Gas + Power |
|
K-Green |
2H – Dec13 |
7.82 |
$1.040 |
7.519% |
$0.950 |
Energy (Incineration) + Water (NEWater) |
|
AscendasIndT |
Q3 – Dec13 |
1.1 |
$0.770 |
5.714% |
$0.580 |
India – Industrial Park |
|
Indiabulls |
1H – Sep13 |
0.0154 |
$0.100 |
0.308% |
$0.347 |
India – Office |
|
HPH Trust US$ |
2H – Dec13 |
22.3 |
$0.650 |
8.130% |
HK$7.26 |
Ports – HK + China |
|
ForterraTr |
2H – Dec13 |
— |
$1.800 |
0.000% |
$4.680 |
China – Retail + Office + Industrial |
|
PerennialCRT |
2H – Dec13 |
1.9 |
$0.525 |
7.238% |
$0.770 |
China Retail |
|
Religare |
Q3 – Dec13 |
2.14 |
$0.850 |
10.071% |
$0.804 |
India – Healthcare |
|
Croesus RTr |
1H – Dec13 |
5.24 |
$0.885 |
9.164% |
Y74.09 |
Japan – Retail |
|
Asian Pay TV Tr |
2H – Dec13 |
4.13 |
$0.740 |
11.162% |
$0.920 |
Taiwan PayTV |
NOTES :
- CroesusRT : Annualised DPU = 8.11ct ; Above DPU is for the Period 10-May-13 to 31-Dec-13 ; Exchange Rate Y100 = S$1.2199
- Indiabulls : No DPU Payout as Semi-Annual Policy
- Religare : No DPU Payout as Semi-Annual Policy
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7581:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun13) = HK18.7ct + 2H (Dec13) = HK22.3ct
- a-iTrust : No DPU Payout as Semi-Annual Payout Policy ; Above DPU is based on 90% Payout
- CRT : DPU = 3.26ct (10-May-13 to 30-Sep-13) Not Paid as Semi-Annual Payout Policy
- APTT : 1st DPU Payout for Dec. Above Yield uses FY14 (IPO Projection) DPU = 8.25ct ; DPU Payout = 4.8ct ; 2H DPU Payout = 4.13ct as per IPO Prospectus of $128.3Mil ie 8.93ct
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- K-Green : 1H13 DPU Payout = 3.13ct ; 2H12 DPU Payout = 4.69ct ; Above Table Uses 2H12 + 1H13 DPU = 7.82ct to Calculate Yield
- 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
- CitySpring : Guidance for FY14 DPU = 3.28ct ie 0.82ct / Q
- 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
Performance – February 2014
STI -1.79% : 3110.78 (Feb-14) vs 3167.43 (2013)
Rank – Capital Gains
|
REIT |
Feb-14 |
Dec-13 |
Gain |
|
SuntecReit |
$ 1.665 |
$ 1.540 |
8.1% |
|
CapitaRChina |
$ 1.380 |
$ 1.330 |
3.8% |
|
Cambridge |
$ 0.715 |
$ 0.690 |
3.6% |
|
A-HTrust |
$ 0.735 |
$ 0.720 |
2.1% |
|
MCT |
$ 1.210 |
$ 1.190 |
1.7% |
|
CLT |
$ 1.130 |
$ 1.115 |
1.3% |
|
VIT |
$ 0.785 |
$ 0.775 |
1.3% |
|
OUE H-Trust |
$ 0.885 |
$ 0.875 |
1.1% |
|
MIT |
$ 1.350 |
$ 1.335 |
1.1% |
|
CapitaComm |
$ 1.465 |
$ 1.450 |
1.0% |
|
MGCT |
$ 0.840 |
$ 0.840 |
0.0% |
|
CapitaMall |
$ 1.900 |
$ 1.905 |
-0.3% |
|
FCOT |
$ 1.265 |
$ 1.270 |
-0.4% |
|
SPH REIT |
$ 0.975 |
$ 0.980 |
-0.5% |
|
FrasersCT |
$ 1.750 |
$ 1.760 |
-0.6% |
|
CDL Htrust |
$ 1.630 |
$ 1.640 |
-0.6% |
|
OUE C-REIT |
$ 0.795 |
$ 0.800 |
-0.6% |
|
StarHill |
$ 0.780 |
$ 0.785 |
-0.6% |
|
K-REIT |
$ 1.175 |
$ 1.185 |
-0.8% |
|
SB REIT |
$ 0.760 |
$ 0.770 |
-1.3% |
|
First REIT |
$ 1.045 |
$ 1.060 |
-1.4% |
|
Ascendasreit |
$ 2.160 |
$ 2.200 |
-1.8% |
|
MapletreeLog |
$ 1.035 |
$ 1.055 |
-1.9% |
|
PLife REIT |
$ 2.290 |
$ 2.350 |
-2.6% |
|
Fortune Reit HK$ |
$ 6.020 |
$ 6.240 |
-3.5% |
|
AscottREIT |
$ 1.155 |
$ 1.205 |
-4.1% |
|
LippoMapleT |
$ 0.395 |
$ 0.415 |
-4.8% |
|
SaizenREIT |
$ 0.880 |
$ 0.925 |
-4.9% |
|
Sabana REIT |
$ 1.025 |
$ 1.080 |
-5.1% |
|
AIMSAMPIReit |
$ 1.335 |
$ 1.430 |
-6.6% |
|
FE-HTrust |
$ 0.775 |
$ 0.840 |
-7.7% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- Feb-14 : End Feb-14 Mkt Price
- Dec-13 : End Dec-13 Mkt Price
- Gain : Capital Gains = (Feb-14 Mkt Price – Dec-13 Mkt Price) / (Dec-13 Mkt Price)
- OUE C-REIT : Listed on 25-Jan-14 2pm @ $0.88
February 2014
Results Announcement
- 6 Feb 14 : A-HTrust (Updated)
- 7 Feb 14 : PCRT (Updated)
- 10 Feb 14 : CitySpring (Updated)
- 11 Feb 14 : HPH Trust (Updated)
- 11 Feb 14 : Saizen (Updated)
- 12 Feb 14 (AM) : FE H-Trust (Updated)
- 12 Feb 14 : Religare (Updated)
- 13 Feb 14 : LMIR (Updated)
- 14 Feb 14 (AM) : IndiaBulls (Updated)
- 14 Feb 14 (AM) : CRT (Updated)
- 24 Feb 14 : Rickmers (Updated)
- 24 Feb 14 : APTT (Updated)
- 25 Feb 14 (AM) : VIT (Updated)
- 25 Feb 14 : OUE H-Trust (Updated)
- 28 Feb 14 : Forterra (Updated)
- 28 Feb 14 : FSL (Updated)
REITs : Average Yield = 6.943%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
AscendasHT |
Q3 – Dec13 |
1.610 |
$0.735 |
8.762% |
$0.730 |
35.80% |
Hotels : Australia (53%) + Singapore (23%) + Japan (16%) + China (8%) |
|
Viva Ind Tr |
Q4 – Dec13 |
1.080 |
$0.785 |
8.659% |
$0.750 |
38.80% |
Biz Park (77.6%) + Hotel (18.6%) + Logistics (3.8%) |
|
Sabana REIT |
Q4 – Dec13 |
2.190 |
$1.025 |
8.478% |
$1.070 |
36.90% |
Industrial (22) |
|
AIMSAMPI Reit |
Q3 – Dec13 |
2.770 |
$1.335 |
8.300% |
$1.518 |
26.50% |
Industrial (25) |
|
LippoMalls |
Q4 – Dec13 |
0.560 |
$0.395 |
8.228% |
$0.412 |
34.30% |
Retail (Indonesia) |
|
SoilbuildBizREIT |
Q4 – Dec13 |
1.510 |
$0.760 |
7.882% |
$0.800 |
29.30% |
Business Park (2) + Industrial (5) |
|
OUE HT |
Q4 – Dec13 |
1.670 |
$0.885 |
7.548% |
$0.920 |
32.00% |
Hotel (69%) + Retail (31%) |
|
CACHE |
Q4 – Dec13 |
2.137 |
$1.130 |
7.503% |
$0.980 |
29.10% |
Industrial : Singapore (12) + Shanghai (1) |
|
MapletreeInd |
Q3 – Dec13 |
2.510 |
$1.350 |
7.437% |
$1.110 |
36.30% |
Industrial (83) |
|
Saizen REIT |
1H – Dec13 |
3.250 |
$0.880 |
7.386% |
$1.170 |
38.00% |
Residential (Japan) – 139 |
|
Far East HTrust |
Q4 – Dec13 |
1.420 |
$0.775 |
7.329% |
$0.983 |
30.90% |
Hotels (67.1%) + Serviced Apts (14.8%) + Commercial (18.1%) by Revenue |
|
AscottREIT |
2H – Dec13 |
3.698 |
$1.155 |
7.271% |
$1.350 |
34.00% |
Serviced Apts : AsiaPacific (61.5%) + Europe (38.5%) |
|
First REIT |
Q4 – Dec13 |
1.970 |
$1.045 |
7.196% |
$0.966 |
32.30% |
Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3) |
|
MapletreeGCC |
Q3 – Dec13 |
1.518 |
$0.840 |
7.167% |
$0.943 |
40.50% |
Retail + Office (China + HK) |
|
MapletreeLog |
Q3 – Dec13 |
1.840 |
$1.035 |
7.111% |
$0.910 |
33.90% |
Industrial (111) |
|
Cambridge |
Q4 – Dec13 |
1.251 |
$0.715 |
6.941% |
$0.695 |
28.70% |
Industrial (47) |
|
OUE COMMERCIAL REIT |
FY14 – IPO |
5.440 |
$0.795 |
6.843% |
$1.043 |
42.30% |
Retail + Office |
|
CDL Htrust |
2H – Dec13 |
5.560 |
$1.630 |
6.822% |
$1.630 |
29.70% |
Hotels : Singapore (77.1%) + Australia (10.5%) + NZ (4.5%) + Maldives (7.9%) |
|
Kep REIT |
Q4 – Dec13 |
1.970 |
$1.175 |
6.655% |
$1.380 |
42.10% |
Offices : Singapore (5) + Australia (4) |
|
Ascendasreit |
Q3 – Dec13 |
3.540 |
$2.160 |
6.556% |
$1.945 |
30.10% |
Industrial (105) |
|
Frasers Comm |
Q1 – Dec13 |
2.050 |
$1.265 |
6.427% |
$1.540 |
37.90% |
Office + Retail (5) |
|
FrasersCT |
Q1 – Dec13 |
2.500 |
$1.750 |
6.303% |
$1.770 |
29.70% |
Retail (5) + 31.17% of Hektar (MREIT) |
|
CapitaRChina |
2H – Dec13 |
4.330 |
$1.380 |
6.275% |
$1.430 |
32.60% |
Retail (China) – 10 |
|
Starhill Gbl |
Q4 – Dec13 |
1.230 |
$0.780 |
6.256% |
$0.920 |
29.00% |
Retail (87.2%) + Office (12.8%) |
|
MapletreeCom |
Q3 – Dec13 |
1.865 |
$1.210 |
6.165% |
$1.070 |
40.80% |
Retail + Office |
|
SuntecReit |
Q4 – Dec13 |
2.562 |
$1.665 |
6.155% |
$2.108 |
38.00% |
Retail + Office |
|
Fortune Reit HK$ |
2H – Dec13 |
18.000 |
$6.020 |
5.980% |
$10.260 |
32.70% |
Retail (HK) |
|
CapitaMall |
Q4 – Dec13 |
2.720 |
$1.900 |
5.679% |
$1.710 |
35.30% |
Retail (16) + Office |
|
CapitaComm |
2H – Dec13 |
4.130 |
$1.465 |
5.638% |
$1.670 |
29.30% |
Office (65%) + Retail (21%) + Hotel (14%) |
|
SPHREIT |
Q1 – Nov13 |
1.860 |
$0.975 |
5.356% |
$0.900 |
26.70% |
Retail (2) |
|
PLife REIT |
Q4 – Dec13 |
2.820 |
$2.290 |
4.926% |
$1.600 |
33.00% |
Hospitals + Nursing Homes = 44 |
NOTES :
- Mkt Price is as on 28-Feb-14
- VIT : Annualised DPU = 6.707ct for the Period 4-Nov-13 to 31-Dec-13
- LMIR : Yield Computed using FY13 DPU = 3.25ct ; Q4 DPU = 0.56ct => Yield = 5.53% @ $0.405
- A-HTrust : No DPU Payout as Semi-Annual Policy
- 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
- PLife : Annualised DPU = 11.28ct
- StarHill Global : Annualised DPU = 4.88ct
- MGCCT : Annualised DPU = 6.02ct
- Suntec : Includes Capital = 0.175ct
- SB REIT : Annualised DPU = 5.99ct
- FCOT : Annualised DPU = 8.13ct
- Sabana : Annualised DPU = 8.69ct
- CMT : Annualised DPU = 10.79ct
- CLT : Annualised DPU = 8.478ct
- FCT : DPU excludes Retained Cash of 0.25 cents per unit ; Above Yield is Computed using last 4Qs DPU = 11.03ct ie 2.5ct (Dec13) + 2.98ct (Sep13) + 2.85ct (Jun13) + 2.7ct (Mar13)
- FirstREIT : Annualised DPU = 7.52ct
- Cambridge : Annualised DPU = 4.963ct
- SPH REIT : 0.56ct (24-Jul to 31-Aug) + 1.3ct (1-Sep to 30-Nov)
- Saizen : 5-to-1 Unit Consolidation on 5-Nov-13
- OUE H-Trust : DPU = 1.24ct (25-Jul-13 to 30-Sep-13) Not Paid as 1st DPU Payout will be in Dec-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
- 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
- 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
- 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
- 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
- FE-HTrust : IPO Prospectus ; DPU : FY12 = 2.32ct (Forecast Period 1-Aug-12 to 31-Dec-12 ; Entitlement only from Listing Date) / FY13 = 5.83ct ; Yield : FY12 = 5.99% / FY13 = 6.27% ; Gearing = 30.5% ; NAV = $0.93 ; Listing on 27-Aug-12 2pm
- A-HTrust : Listing on 27-Jul-12 2pm ; FY13 DPU = 4.61ct (27 Jul 12 to 31 Mar 13) incl. Waiver of 0.61ct from Sponsor entitlement ; FY14 DPU = 7.07ct ; Gearing = 37.6% Post-IPO Acquisition of Ibis Beijing SanYuan; IPO Prospectus
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q4 – Dec13 |
0 |
$0.083 |
0.000% |
$0.410 |
Shipping Trust |
|
Rickmers |
Q4 – Dec13 |
0.6 |
$0.290 |
10.490% |
$0.620 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2676:US$1 fm Yahoo Finance)
- Rickmers : 16% Payout (of Cash flow available for distribution before payment to debt capital providers)
- 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 |
Q3 – Dec13 |
0.82 |
$0.460 |
7.130% |
$0.249 |
Infrastructure – Water + Gas + Power |
|
K-Green |
2H – Dec13 |
7.82 |
$1.005 |
7.781% |
$0.950 |
Energy (Incineration) + Water (NEWater) |
|
AscendasIndT |
Q3 – Dec13 |
1.1 |
$0.715 |
6.154% |
$0.580 |
India – Industrial Park |
|
Indiabulls |
1H – Sep13 |
0.0154 |
$0.115 |
0.268% |
$0.347 |
India – Office |
|
HPH Trust US$ |
2H – Dec13 |
22.3 |
$0.625 |
8.453% |
HK$7.26 |
Ports – HK + China |
|
ForterraTr |
2H – Dec13 |
— |
$1.820 |
0.000% |
$4.680 |
China – Retail + Office + Industrial |
|
PerennialCRT |
2H – Dec13 |
1.9 |
$0.515 |
7.379% |
$0.770 |
China Retail |
|
Religare |
Q3 – Dec13 |
2.14 |
$0.805 |
10.634% |
$0.804 |
India – Healthcare |
|
Croesus RTr |
1H – Dec13 |
5.24 |
$0.890 |
9.112% |
Y74.09 |
Japan – Retail |
|
Asian Pay TV Tr |
2H – Dec13 |
4.13 |
$0.805 |
10.261% |
$0.920 |
Taiwan PayTV |
NOTES :
- CroesusRT : Annualised DPU = 8.11ct ; Above DPU is for the Period 10-May-13 to 31-Dec-13 ; Exchange Rate Y100 = S$1.2453
- Indiabulls : No DPU Payout as Semi-Annual Policy
- Religare : No DPU Payout as Semi-Annual Policy
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7605:US$1 fm Yahoo Finance) ; Yield Computed Using 1H (Jun13) = HK18.7ct + 2H (Dec13) = HK22.3ct
- a-iTrust : No DPU Payout as Semi-Annual Payout Policy ; Above DPU is based on 90% Payout
- CRT : DPU = 3.26ct (10-May-13 to 30-Sep-13) Not Paid as Semi-Annual Payout Policy
- APTT : 1st DPU Payout for Dec. Above Yield uses FY14 (IPO Projection) DPU = 8.25ct ; DPU Payout = 4.8ct ; 2H DPU Payout = 4.13ct as per IPO Prospectus of $128.3Mil ie 8.93ct
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- K-Green : 1H13 DPU Payout = 3.13ct ; 2H12 DPU Payout = 4.69ct ; Above Table Uses 2H12 + 1H13 DPU = 7.82ct to Calculate Yield
- 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
- CitySpring : Guidance for FY14 DPU = 3.28ct ie 0.82ct / Q
- 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
Performance – January 2014
STI -4.43% : 3027.22 (Jan-14) vs 3167.43 (2013)
Rank – Capital Gains
|
REIT |
Jan-14 |
Dec-13 |
Gain |
|
SuntecReit |
$ 1.610 |
$ 1.540 |
4.5% |
|
AIMSAMPIReit |
$ 1.445 |
$ 1.430 |
1.0% |
|
A-HTrust |
$ 0.725 |
$ 0.720 |
0.7% |
|
VIT |
$ 0.775 |
$ 0.775 |
0.0% |
|
OUE H-Trust |
$ 0.875 |
$ 0.875 |
0.0% |
|
Cambridge |
$ 0.690 |
$ 0.690 |
0.0% |
|
SPH REIT |
$ 0.980 |
$ 0.980 |
0.0% |
|
OUE C-REIT |
$ 0.795 |
$ 0.800 |
-0.6% |
|
CapitaRChina |
$ 1.320 |
$ 1.330 |
-0.8% |
|
LippoMapleT |
$ 0.410 |
$ 0.415 |
-1.2% |
|
FCOT |
$ 1.250 |
$ 1.270 |
-1.6% |
|
SaizenREIT |
$ 0.910 |
$ 0.925 |
-1.6% |
|
AscottREIT |
$ 1.185 |
$ 1.205 |
-1.7% |
|
CLT |
$ 1.095 |
$ 1.115 |
-1.8% |
|
CapitaMall |
$ 1.870 |
$ 1.905 |
-1.8% |
|
Sabana REIT |
$ 1.060 |
$ 1.080 |
-1.9% |
|
MIT |
$ 1.310 |
$ 1.335 |
-1.9% |
|
First REIT |
$ 1.040 |
$ 1.060 |
-1.9% |
|
CapitaComm |
$ 1.420 |
$ 1.450 |
-2.1% |
|
MCT |
$ 1.165 |
$ 1.190 |
-2.1% |
|
CDL Htrust |
$ 1.605 |
$ 1.640 |
-2.1% |
|
StarHill |
$ 0.765 |
$ 0.785 |
-2.5% |
|
SB REIT |
$ 0.750 |
$ 0.770 |
-2.6% |
|
MGCT |
$ 0.815 |
$ 0.840 |
-3.0% |
|
Ascendasreit |
$ 2.130 |
$ 2.200 |
-3.2% |
|
FrasersCT |
$ 1.700 |
$ 1.760 |
-3.4% |
|
PLife REIT |
$ 2.260 |
$ 2.350 |
-3.8% |
|
Fortune Reit HK$ |
$ 5.990 |
$ 6.240 |
-4.0% |
|
MapletreeLog |
$ 1.005 |
$ 1.055 |
-4.7% |
|
K-REIT |
$ 1.125 |
$ 1.185 |
-5.1% |
|
FE-HTrust |
$ 0.785 |
$ 0.840 |
-6.5% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- Jan-14 : End Jan-14 Mkt Price
- Dec-13 : End Dec-13 Mkt Price
- Gain : Capital Gains = (Jan-14 Mkt Price – Dec-13 Mkt Price) / (Dec-13 Mkt Price)
- OUE C-REIT : Listed on 25-Jan-14 2pm @ $0.88
January 2014
Results Announcement
- 9 Jan 14 : SPH REIT (Updated)
- 17 Jan 14 (AM) : Cambridge (Updated)
- 17 Jan 14 : A-REIT (Updated)
- 17 Jan 14 : FirstREIT (Updated)
- 20 Jan 14 : MLT (Updated)
- 20 Jan 14 : KGT (Updated)
- 20 Jan 14 : KepREIT (Updated)
- 21 Jan 14 : CLT (Updated)
- 21 Jan 14 : MIT (Updated)
- 21 Jan 14 : ART (Updated)
- 21 Jan 14 : FCT (Updated)
- 22 Jan 14 (AM) : CMT (Updated)
- 22 Jan 14 : Sabana (Updated)
- 22 Jan 14 : MCT (Updated)
- 22 Jan 14 : FCOT (Updated)
- 23 Jan 14 (AM) : CCT (Updated)
- 23 Jan 14 (AM) : SB REIT (Updated)
- 23 Jan 14 : MapleTree GCC (Updated)
- 23 Jan 14 : Suntec (Updated)
- 23 Jan 14 : a-iTrust (Updated)
- 24 Jan 14 : StarHill (Updated)
- 24 Jan 14 : PLife (Updated)
- 24 Jan 14 : Fortune (Updated)
- 27 Jan 14 (2PM) : OUE C-REIT (IPO Listing)
- 28 Jan 14 : CDL H-Trust (Updated)
- 29 Jan 14 (AM) : CRCT (Updated)
- 29 Jan 14 (AM) : AMPSAMPReit (Updated)
- 7 Feb 14 : PCRT
- 11 Feb 14 : HPH Trust
- 12 Feb 14 (AM) : FE H-Trust
- 12 Feb 14 (AM) : Saizen
-
13 Feb 14 : AH-Trust
- 14 Feb 14 (AM) : CRT
- 14 Feb 14 (AM) : CRT
REITs : Average Yield = 6.963%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Viva Ind Tr |
FY13 – IPO |
3.423 |
$0.775 |
8.762% |
$0.740 |
40.90% |
Biz Park (77.6%) + Hotel (18.6%) + Logistics (3.8%) |
|
LippoMalls |
Q3 – Sep13 |
0.870 |
$0.410 |
8.488% |
$0.453 |
28.20% |
Retail (Indonesia) |
|
Sabana REIT |
Q4 – Dec13 |
2.190 |
$1.060 |
8.198% |
$1.070 |
36.90% |
Industrial (22) |
|
SoilbuildBizREIT |
Q4 – Dec13 |
1.510 |
$0.750 |
7.987% |
$0.800 |
29.30% |
Business Park (2) + Industrial (5) |
|
AscendasHT |
Q2 – Sep13 |
1.410 |
$0.725 |
7.779% |
$0.760 |
35.80% |
Hotels : Australia (61%) + Singapore (16.5%) + Japan (13.6%) + China (8.9%) |
|
CACHE |
Q4 – Dec13 |
2.137 |
$1.095 |
7.742% |
$0.980 |
29.10% |
Industrial : Singapore (12) + Shanghai (1) |
|
AIMSAMPI Reit |
Q3 – Dec13 |
2.770 |
$1.445 |
7.668% |
$1.518 |
26.50% |
Industrial (25) |
|
MapletreeInd |
Q3 – Dec13 |
2.510 |
$1.310 |
7.664% |
$1.110 |
36.30% |
Industrial (83) |
|
MapletreeGCC |
Q3 – Dec13 |
1.518 |
$0.815 |
7.387% |
$0.943 |
40.50% |
Retail + Office (China + HK) |
|
MapletreeLog |
Q3 – Dec13 |
1.840 |
$1.005 |
7.323% |
$0.910 |
33.90% |
Industrial (111) |
|
OUE HT |
FY13 – IPO |
4.770 |
$0.875 |
7.236% |
$0.903 |
33.20% |
Hotel (69%) + Retail (31%) |
|
First REIT |
Q4 – Dec13 |
1.970 |
$1.040 |
7.231% |
$0.966 |
32.30% |
Hospitals (10) + Hotel (Indonesia – 1) + Nursing Home (Singapore – 3) |
|
Cambridge |
Q4 – Dec13 |
1.251 |
$0.690 |
7.193% |
$0.695 |
28.70% |
Industrial (47) |
|
Far East HTrust |
Q3 – Sep13 |
1.410 |
$0.785 |
7.185% |
$0.953 |
31.60% |
Hotels (69.3%) + Serviced Apts (14.7%) + Commercial (16%) by Revenue |
|
AscottREIT |
2H – Dec13 |
3.698 |
$1.185 |
7.087% |
$1.350 |
34.00% |
Serviced Apts : AsiaPacific (61.5%) + Europe (38.5%) |
|
Kep REIT |
Q4 – Dec13 |
1.970 |
$1.125 |
6.951% |
$1.380 |
42.10% |
Offices : Singapore (5) + Australia (4) |
|
CDL Htrust |
2H – Dec13 |
5.560 |
$1.605 |
6.928% |
$1.630 |
29.70% |
Hotels : Singapore (77.1%) + Australia (10.5%) + NZ (4.5%) + Maldives (7.9%) |
|
Saizen REIT |
2H – Jun13 |
3.150 |
$0.910 |
6.923% |
$1.220 |
38.00% |
Residential (Japan) – 139 |
|
OUE COMMERCIAL REIT |
FY14 – IPO |
5.440 |
$0.795 |
6.843% |
$1.043 |
42.30% |
Retail + Office |
|
Ascendasreit |
Q3 – Dec13 |
3.540 |
$2.130 |
6.648% |
$1.945 |
30.10% |
Industrial (105) |
|
CapitaRChina |
2H – Dec13 |
4.330 |
$1.320 |
6.561% |
$1.430 |
32.60% |
Retail (China) – 10 |
|
Frasers Comm |
Q1 – Dec13 |
2.050 |
$1.250 |
6.504% |
$1.540 |
37.90% |
Office + Retail (5) |
|
FrasersCT |
Q1 – Dec13 |
2.500 |
$1.700 |
6.488% |
$1.770 |
29.70% |
Retail (5) + 31.17% of Hektar (MREIT) |
|
MapletreeCom |
Q3 – Dec13 |
1.865 |
$1.165 |
6.403% |
$1.070 |
40.80% |
Retail + Office |
|
Starhill Gbl |
Q4 – Dec13 |
1.230 |
$0.765 |
6.379% |
$0.920 |
29.00% |
Retail (87.2%) + Office (12.8%) |
|
SuntecReit |
Q4 – Dec13 |
2.562 |
$1.610 |
6.365% |
$2.108 |
38.00% |
Retail + Office |
|
Fortune Reit HK$ |
2H – Dec13 |
18.000 |
$5.990 |
6.010% |
$10.260 |
32.70% |
Retail (HK) |
|
CapitaComm |
2H – Dec13 |
4.130 |
$1.420 |
5.817% |
$1.670 |
29.30% |
Office (65%) + Retail (21%) + Hotel (14%) |
|
CapitaMall |
Q4 – Dec13 |
2.720 |
$1.870 |
5.770% |
$1.710 |
35.30% |
Retail (16) + Office |
|
SPHREIT |
Q1 – Nov13 |
1.860 |
$0.980 |
5.329% |
$0.900 |
26.70% |
Retail (2) |
|
PLife REIT |
Q4 – Dec13 |
2.820 |
$2.260 |
4.991% |
$1.600 |
33.00% |
Hospitals + Nursing Homes = 44 |
NOTES :
- Mkt Price is as on 30-Jan-14
- 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
- PLife : Annualised DPU = 11.28ct
- StarHill Global : Annualised DPU = 4.88ct
- MGCCT : Annualised DPU = 6.02ct
- Suntec : Includes Capital = 0.175ct
- SB REIT : Annualised DPU = 5.99ct
- FCOT : Annualised DPU = 8.13ct
- Sabana : Annualised DPU = 8.69ct
- CMT : Annualised DPU = 10.79ct
- CLT : Annualised DPU = 8.478ct
- FCT : DPU excludes Retained Cash of 0.25 cents per unit ; Above Yield is Computed using last 4Qs DPU = 11.03ct ie 2.5ct (Dec13) + 2.98ct (Sep13) + 2.85ct (Jun13) + 2.7ct (Mar13)
- FirstREIT : Annualised DPU = 7.52ct
- Cambridge : Annualised DPU = 4.963ct
- SPH REIT : 0.56ct (24-Jul to 31-Aug) + 1.3ct (1-Sep to 30-Nov)
- A-HTrust : DPU Payout 1.6692ct = 0.26ct (10-Jun-13 to 30-Jun-13) + 1.41ct (1-Jul-13 to 30-Sep-13)
- FE-HTrust : DPU = 0.94ct (1-Aug-13 to 31-Sep-13) + Advanced DPU 0.47ct (1-Jul-13 to 31-Jul-13)
- Saizen : No DPU Paid as Semi-Annual Policy
- Saizen : 5-to-1 Unit Consolidation on 5-Nov-13 ; Above Table Uses DPU = 0.63ct x 5
- OUE H-Trust : DPU = 1.24ct (25-Jul-13 to 30-Sep-13) Not Paid as 1st DPU Payout will be in Dec-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
- 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
- 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
- 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
- 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
- FE-HTrust : IPO Prospectus ; DPU : FY12 = 2.32ct (Forecast Period 1-Aug-12 to 31-Dec-12 ; Entitlement only from Listing Date) / FY13 = 5.83ct ; Yield : FY12 = 5.99% / FY13 = 6.27% ; Gearing = 30.5% ; NAV = $0.93 ; Listing on 27-Aug-12 2pm
- A-HTrust : Listing on 27-Jul-12 2pm ; FY13 DPU = 4.61ct (27 Jul 12 to 31 Mar 13) incl. Waiver of 0.61ct from Sponsor entitlement ; FY14 DPU = 7.07ct ; Gearing = 37.6% Post-IPO Acquisition of Ibis Beijing SanYuan; IPO Prospectus
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q3 – Sep13 |
0 |
$0.083 |
0.000% |
$0.470 |
Shipping Trust |
|
Rickmers |
Q3 – Sep13 |
0.6 |
$0.285 |
10.748% |
$0.630 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2763:US$1 fm Yahoo Finance)
- Rickmers : 16% Payout (of Cash flow available for distribution before payment to debt capital providers)
- 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 |
Q2 – Sep13 |
0.82 |
$0.470 |
6.979% |
$0.248 |
Infrastructure – Water + Gas + Power |
|
K-Green |
2H – Dec13 |
7.82 |
$1.005 |
7.781% |
$0.950 |
Energy (Incineration) + Water (NEWater) |
|
AscendasIndT |
Q3 – Dec13 |
1.1 |
$0.685 |
6.423% |
$0.580 |
India – Industrial Park |
|
Indiabulls |
1H – Sep13 |
0.0154 |
$0.138 |
0.223% |
$0.339 |
India – Office |
|
HPH Trust US$ |
1H – Jun13 |
18.7 |
$0.665 |
7.242% |
HK$7.41 |
Ports – HK + China |
|
ForterraTr |
1H – Jun13 |
— |
$2.060 |
0.000% |
$4.530 |
China – Retail + Office + Industrial |
|
PerennialCRT |
Q3 – Sep13 |
0.95 |
$0.540 |
6.981% |
$0.730 |
China Retail |
|
Religare |
1H – Sep13 |
4.05 |
$0.760 |
10.658% |
$0.795 |
India – Healthcare |
|
Croesus RTr |
FY14 – IPO |
7.39 |
$0.875 |
8.446% |
$0.906 |
Japan – Retail |
|
Asian Pay TV Tr |
FY13 – IPO |
7.29 |
$0.765 |
10.784% |
$0.934 |
Taiwan PayTV |
NOTES :
- a-iTrust : No DPU Payout as Semi-Annual Payout Policy ; Above DPU is based on 90% Payout
- CRT : DPU = 3.26ct (10-May-13 to 30-Sep-13) Not Paid as Semi-Annual Payout Policy
- APTT : 1st DPU Payout for Dec. Above Yield uses FY14 (IPO Projection) DPU = 8.25ct ; DPU Payout = 4.8ct ; 2H DPU Payout = 4.13ct as per IPO Prospectus of $128.3Mil ie 8.93ct
- Religare : DPU = 1.99ct (Q1) + 2.06ct (Q2) ; 1H DPU = 2.922ct if No Sponsor Waiver
- PCRT : Annualised DPU = 3.77ct ; DPU Not Paid as Semi-Annual Policy ; Includes $10.9Mil from Earn-Out Deed
- HPH Trust : DPU in HK$ ; Mkt Price in US$ ; Yield Computed Using Latest Exchange Rate HK$7.7655:US$1 fm Yahoo Finance)
- K-Green : 1H13 DPU Payout = 3.13ct ; 2H12 DPU Payout = 4.69ct ; Above Table Uses 2H12 + 1H13 DPU = 7.82ct to Calculate Yield
- 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
- Religare : DPU = 3.55ct (19-Oct-13 to 31-Mar-13) or 2.554ct (if no Sponsor Waiver)
- 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
- CitySpring : Guidance for FY14 DPU = 3.28ct ie 0.82ct / Q
- 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