Gearing – May13
|
REIT |
Assets |
Debts |
Gearing |
Shares |
Major Shareholders |
|
A-HTrust |
S$1112M |
S$393M |
35.3% |
807,070,324 |
Ascendas 28.74% ; Aberdeen 10.0397% ; Accor 5.75% |
|
A-REIT |
S$6959M |
S$1971M |
28.3% |
2,400,309,363 |
Ascendas 16.99% ; Matthews 5.04% |
|
AIMSAMPIReit |
S$1056M |
S$359M |
34.0% |
450,890,000 |
AMP 14.48% ; Dragon Pacific 11.86% ; APG 9.32% ; USS 6.998% ; George Wang 7.17% |
|
AscottREIT |
S$2990M |
S$1051M |
36.0% |
1,259,798,000 |
Temasek 44.85% |
|
Cambridge |
S$1273M |
S$441M |
35.3% |
1,223,925,784 |
Franklin 7.90% ; Templeton 7.04% ; Chan Wai Kheong 7.01% ; MacKenzie 6.03% ; Capital Grp 5.9153% |
|
CapitaRChina |
S$1608M |
S$411M |
25.4% |
750,106,047 |
Capitaland 36.89% (CMT 20%) ; Capital Grp 7.9825% ; AIA 6.4833% ; Matthews 7.93% ; PGGM 5.946% |
|
CCT |
S$6954M |
S$2114M |
30.4% |
2,850,050,948 |
Temasek 32.03% ; Capital Group 5.9067% ; CBRE 5.93% |
|
CDL HTrust |
S$2210M |
S$626M |
28.3% |
971,251,883 |
Hong Leong 35.697% |
|
CLT |
S$1071M |
S$313M |
29.2% |
774,277,688 |
CWT 9.12% ; Capital Grp 5.8666% ; Newton Investment 7.12% |
|
CMT |
S$9599M |
S$3291M |
35.2% |
3,457,076,253 |
CMA 28.50% ; NTUC 5.72% |
|
FE-HTrust |
S$2208M |
S$647M |
29.3% |
1,608,768,939 |
Far East 56% ; APG 5% |
|
First REIT |
S$834M |
S$213M |
27.1% |
667,269,637 |
Lippo 23.04% |
|
Fortune |
HK$20648M |
HK$4722M |
23.1% |
1,702,420,481 |
Cheung Kong 30.95% ; Schroder 13.09% ; Temasek 6.02% |
|
FrasersCT |
S$1933M |
S$589M |
30.5% |
824,078,229 |
TCC 41.01% ; AIA 6.0126% ; Capital Group 6.0395% |
|
FrasersComm |
S$1860M |
S$590M |
31.7% |
656,588,131 |
TCC 27.58% |
|
K-REIT |
S$6254M |
S$2878M |
42.9% |
2,676,504,351 |
Temasek 76.55% |
|
LMIR |
S$1946M |
S$473M |
24.3% |
2,199,880,488 |
Lippo 29.5% ; Stitching 9.95% ; CPI-Capital 8.5% ; ABN AMRO 6.51% ; Sumitomo 5.03% |
|
MCT |
S$3886M |
S$1586M |
40.9% |
2,067,734,000 |
Temasek 42.66% ; AIA 7.63% |
|
MIT |
S$2968M |
S$1035M |
34.8% |
1,641,481,571 |
Temasek 31.63% ; Schroder 8% ; Capital Grp 6.23% ; AIG 5.40% |
|
MLT |
S$4237M |
S$1434M |
34.1% |
2,432,009,994 |
Temasek 40.99% ; Capital Grp 7.14% ; BOA 6.445% ; Mellon Corp 6.30% |
|
PLife |
S$1444M |
S$457M |
31.6% |
605,002,000 |
Parkway Pantai 35.77% ; TPG Capital 14% ; Newton (Bank of New York) 10.71% ; Sunil 6.03% |
|
Sabana |
S$1153M |
S$433M |
37.7% |
642,425,910 |
Kua Family 9.2157% |
|
Saizen |
JPY46,310M |
JPY18,100M |
39.0% |
1,418,763,795 |
V-Nee Yeh (ASM, HCL) 11.913% |
|
Starhill Gbl |
S$2858M |
S$872M |
30.5% |
1,943,023,078 |
YTL 29.09% ; AIA 10.0105% |
|
Suntec |
S$7878M |
S$2890M |
36.1% |
2,256,433,177 |
Asean Inv 5.4439% ; Cheng YT 5.81% |
Notes :
- This table will be updated mainly during Quarterly Reporting Season + Fund Raising Exercises
- The Major Shareholders data may not be up-to-date. Pls chk SGX Annc to verify
Performance – Apr 2013
STI +6.35% : 3368.18 (Apr-13) vs 3167.08 (2012)
Rank – Capital Gains
|
REIT |
Apr-13 |
Dec-12 |
Gain |
|
First REIT |
$1.435 |
$1.060 |
35.4% |
|
Cambridge |
$0.855 |
$0.675 |
26.7% |
|
PLife REIT |
$2.670 |
$2.150 |
24.2% |
|
StarHill |
$0.965 |
$0.785 |
22.9% |
|
AIMSAMPIReit |
$1.820 |
$1.495 |
21.7% |
|
MCT |
$1.465 |
$1.215 |
20.6% |
|
MGCT |
$1.115 |
$0.930 |
19.9% |
|
Sabana REIT |
$1.365 |
$1.140 |
19.7% |
|
FCOT |
$ 1.56 |
$ 1.32 |
18.2% |
|
K-REIT |
$1.510 |
$1.295 |
16.6% |
|
SuntecReit |
$1.945 |
$1.675 |
16.1% |
|
Ascendasreit |
$2.750 |
$2.370 |
16.0% |
|
MIT |
$1.570 |
$1.360 |
15.4% |
|
MapletreeLog |
$1.310 |
$1.145 |
14.4% |
|
CLT |
$1.415 |
$1.240 |
14.1% |
|
Fortune Reit HK$ |
$7.200 |
$6.370 |
13.0% |
|
FrasersCT |
$2.250 |
$2.000 |
12.5% |
|
FE-Htrust |
$1.130 |
$1.005 |
12.4% |
|
SaizenREIT |
$0.200 |
$0.181 |
10.5% |
|
CapitaMall |
$2.320 |
$2.130 |
8.9% |
|
A-Htrust |
$1.020 |
$0.940 |
8.5% |
|
LippoMapleT |
$0.525 |
$0.490 |
7.1% |
|
CDL Htrust |
$2.000 |
$1.880 |
6.4% |
|
AscottREIT |
$1.405 |
$1.360 |
3.3% |
|
CapitaRChina |
$1.685 |
$1.645 |
2.4% |
|
CapitaComm |
$1.710 |
$1.685 |
1.5% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- Apr-13 : End Apr-13 Mkt Price
- Dec-12 : End Dec-12 Mkt Price
- Gain : Capital Gains = (Apr-13 Mkt Price – Dec-12 Mkt Price) / (Dec-12 Mkt Price)
MGCT : Listed on 7-Mar-13 2pm @ $0.93
Gearing – Apr13
|
REIT |
Assets |
Debts |
Gearing |
Shares |
Major Shareholders |
|
A-HTrust |
S$1112M |
S$393M |
35.3% |
807,070,324 |
Ascendas 28.74% ; Aberdeen 10.0397% ; Accor 5.75% |
|
A-REIT |
S$6959M |
S$1971M |
28.3% |
2,400,309,363 |
Ascendas 16.99% ; Matthews 5.04% |
|
AIMSAMPIReit |
S$1056M |
S$359M |
34.0% |
450,890,000 |
AMP 14.48% ; Dragon Pacific 11.86% ; APG 9.32% ; USS 6.998% ; George Wang 7.17% |
|
AscottREIT |
S$2990M |
S$1051M |
36.0% |
1,259,798,000 |
Temasek 44.85% |
|
Cambridge |
S$1273M |
S$441M |
35.3% |
1,223,925,784 |
Franklin 7.90% ; Templeton 7.04% ; Chan Wai Kheong 7.01% ; MacKenzie 6.03% ; Capital Grp 5.9153% |
|
CapitaRChina |
S$1608M |
S$411M |
25.4% |
750,106,047 |
Capitaland 36.89% (CMT 20%) ; Capital Grp 7.9825% ; AIA 6.4833% ; Matthews 7.93% ; PGGM 5.946% |
|
CCT |
S$6954M |
S$2114M |
30.4% |
2,850,050,948 |
Temasek 32.03% ; Capital Group 5.9067% ; CBRE 5.93% |
|
CDL HTrust |
S$2210M |
S$626M |
28.3% |
971,251,883 |
Hong Leong 35.697% |
|
CLT |
S$1071M |
S$313M |
29.2% |
774,277,688 |
CWT 9.12% ; Capital Grp 5.8666% ; Newton Investment 7.12% |
|
CMT |
S$9599M |
S$3291M |
35.2% |
3,457,076,253 |
CMA 28.50% ; NTUC 5.72% |
|
FE-HTrust |
S$2215M |
S$647M |
29.2% |
1,606,943,895 |
Far East 56% ; APG 5% |
|
First REIT |
S$834M |
S$213M |
27.1% |
667,269,637 |
Lippo 23.04% |
|
Fortune |
HK$20841M |
HK$4819M |
23.4% |
1,700,225,414 |
Cheung Kong 30.95% ; Schroder 9.785% ; Temasek 6.02% |
|
FrasersCT |
S$1933M |
S$589M |
30.5% |
824,078,229 |
TCC 41.01% ; AIA 6.0126% ; Capital Group 6.0395% |
|
FrasersComm |
S$1860M |
S$590M |
31.7% |
656,588,131 |
TCC 27.58% |
|
K-REIT |
S$6254M |
S$2878M |
42.9% |
2,676,504,351 |
Temasek 76.55% |
|
LMIR |
S$1753M |
S$398M |
22.7% |
2,186,290,976 |
Lippo 29.5% ; Stitching 9.95% ; CPI-Capital 8.5% ; ABN AMRO 6.51% ; Sumitomo 5.03% |
|
MCT |
S$3886M |
S$1586M |
40.9% |
2,067,734,000 |
Temasek 42.66% ; AIA 7.63% |
|
MIT |
S$2968M |
S$1035M |
34.8% |
1,641,481,571 |
Temasek 31.63% ; Schroder 8% ; Capital Grp 6.23% ; AIG 5.40% |
|
MLT |
S$4237M |
S$1434M |
34.1% |
2,432,009,994 |
Temasek 40.99% ; Capital Grp 7.14% ; BOA 6.445% ; Mellon Corp 6.30% |
|
PLife |
S$1470M |
S$484M |
32.9% |
605,002,000 |
Parkway Pantai 35.77% ; TPG Capital 14% ; Newton (Bank of New York) 10.2% ; Sunil 6.03% |
|
Sabana |
S$1153M |
S$433M |
37.7% |
642,425,910 |
Kua Family 9.2157% |
|
Saizen |
JPY42,591M |
JPY13,742M |
32.0% |
1,418,763,795 |
V-Nee Yeh (ASM, HCL) 16.994% |
|
Starhill Gbl |
S$2858M |
S$872M |
30.5% |
1,943,023,078 |
YTL 29.09% ; AIA 10.0105% |
|
Suntec |
S$7878M |
S$2890M |
36.1% |
2,256,433,177 |
Asean Inv 5.4439% ; Cheng YT 5.81% |
Notes :
- This table will be updated mainly during Quarterly Reporting Season + Fund Raising Exercises
- The Major Shareholders data may not be up-to-date. Pls chk SGX Annc to verify
Performance – Mar 2013
STI +4.45% : 3308.10 (Mar-13) vs 3167.08 (2012)
Rank – Capital Gains
|
REIT |
Mar-13 |
Dec-12 |
Gain |
|
First REIT |
$1.250 |
$1.060 |
17.9% |
|
PLife REIT |
$2.530 |
$2.150 |
17.7% |
|
Cambridge |
$0.790 |
$0.675 |
17.0% |
|
FE-Htrust |
$1.175 |
$1.005 |
16.9% |
|
StarHill |
$0.890 |
$0.785 |
13.4% |
|
MGCT |
$1.040 |
$0.930 |
11.8% |
|
Sabana REIT |
$1.265 |
$1.140 |
11.0% |
|
MCT |
$1.345 |
$1.215 |
10.7% |
|
Ascendasreit |
$2.600 |
$2.370 |
9.7% |
|
A-Htrust |
$1.030 |
$0.940 |
9.6% |
|
CDL Htrust |
$2.050 |
$1.880 |
9.0% |
|
Fortune Reit HK$ |
$6.860 |
$6.370 |
7.7% |
|
SuntecReit |
$1.800 |
$1.675 |
7.5% |
|
FrasersCT |
$2.140 |
$2.000 |
7.0% |
|
FCOT |
$1.410 |
$1.320 |
6.8% |
|
CapitaRChina |
$1.750 |
$1.645 |
6.4% |
|
MapletreeLog |
$1.215 |
$1.145 |
6.1% |
|
AIMSAMPIReit |
$1.575 |
$1.495 |
5.4% |
|
CLT |
$1.305 |
$1.240 |
5.2% |
|
LippoMapleT |
$0.515 |
$0.490 |
5.1% |
|
K-REIT |
$1.360 |
$1.295 |
5.0% |
|
SaizenREIT |
$0.190 |
$0.181 |
5.0% |
|
MIT |
$1.405 |
$1.360 |
3.3% |
|
AscottREIT |
$1.380 |
$1.360 |
1.5% |
|
CapitaMall |
$ 2.09 |
$ 2.13 |
-1.9% |
|
CapitaComm |
$1.585 |
$1.685 |
-5.9% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- Mar-13 : End Mar-13 Mkt Price
- Dec-12 : End Dec-12 Mkt Price
- Gain : Capital Gains = (Mar-13 Mkt Price – Dec-12 Mkt Price) / (Dec-12 Mkt Price)
- MGCT : Listed on 7-Mar-13 2pm @ $0.93
March 2013
REITs : Average Yield = 5.598%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Sabana REIT |
Q4 – Dec12 |
2.410 |
$1.265 |
7.581% |
$1.070 |
37.60% |
Industrial |
|
SaizenREIT |
1H – Dec12 |
0.660 |
$0.190 |
6.947% |
$0.270 |
32.00% |
Residential (Japan) |
|
AscendasHT |
Q3 – Dec12 |
1.770 |
$1.030 |
6.874% |
$0.780 |
35.80% |
Hotels : Australia (71%) + Japan (25%) + China (4%) |
|
MapletreeInd |
Q3 – Dec12 |
2.320 |
$1.405 |
6.605% |
$1.020 |
37.10% |
Industrial |
|
CACHE |
Q4 – Dec12 |
2.154 |
$1.305 |
6.566% |
$0.930 |
31.70% |
Industrial |
|
AIMSAMPI Reit |
Q3 – Dec12 |
2.580 |
$1.575 |
6.552% |
$1.469 |
33.60% |
Industrial |
|
AscottREIT |
2H – Dec12 |
4.238 |
$1.380 |
6.344% |
$1.350 |
40.10% |
Serviced Apts (Regional) |
|
Cambridge |
Q4 – Dec12 |
1.229 |
$0.790 |
6.189% |
$0.647 |
38.60% |
Industrial |
|
Kep REIT |
Q4 – Dec12 |
1.970 |
$1.360 |
5.794% |
$1.300 |
42.90% |
Office |
|
LippoMalls |
Q4 – Dec12 |
0.740 |
$0.515 |
5.748% |
$0.562 |
24.50% |
Retail (Indonesia) |
|
MapletreeLog |
Q3 – Dec12 |
1.720 |
$1.215 |
5.663% |
$0.880 |
35.90% |
Industrial |
|
Ascendasreit |
Q3 – Dec12 |
3.620 |
$2.600 |
5.569% |
$1.880 |
32.80% |
Industrial |
|
CDL Htrust |
2H – Dec12 |
5.620 |
$2.050 |
5.483% |
$1.610 |
24.90% |
Hotels : Singapore (82.5%) + Australia (13%) + NZ (4.5%) |
|
CapitaRChina |
2H – Dec12 |
4.720 |
$1.750 |
5.394% |
$1.290 |
28.00% |
Retail (China) |
|
First REIT |
Q4 – Dec12 |
1.720 |
$1.250 |
5.264% |
$0.827 |
27.10% |
Hospitals + Hotel (Indonesia) |
|
SuntecReit |
Q4 – Dec12 |
2.326 |
$1.800 |
5.169% |
$2.044 |
36.70% |
Retail + Office |
|
Far East HTrust |
Q4 – Dec12 |
2.090 |
$1.175 |
5.153% |
$0.970 |
29.20% |
Hotels + Serviced Apts |
|
CapitaComm |
2H – Dec12 |
4.080 |
$1.585 |
5.148% |
$1.620 |
30.10% |
Office (63%) + Retail (22%) + Hotel (15%) |
|
Starhill Gbl |
Q4 – Dec12 |
1.130 |
$0.890 |
5.056% |
$0.960 |
30.30% |
Retail + Office |
|
MapletreeGCC |
FY14 – IPO |
5.240 |
$1.040 |
5.038% |
$0.910 |
43.00% |
Retail + Office (China + HK) |
|
MapletreeCom |
Q3 – Dec12 |
1.667 |
$1.345 |
4.914% |
$1.055 |
35.30% |
Retail + Office |
|
Fortune Reit HK$ |
2H – Dec12 |
16.530 |
$6.860 |
4.819% |
$8.810 |
23.40% |
Retail (HK) |
|
CapitaMall |
Q4 – Dec12 |
2.360 |
$2.090 |
4.493% |
$1.640 |
36.70% |
Retail + Office |
|
FrasersCT |
Q1 – Dec12 |
2.400 |
$2.140 |
4.486% |
$1.530 |
30.10% |
Retail |
|
Frasers Comm |
Q1 – Dec12 |
1.583 |
$1.410 |
4.454% |
$1.500 |
29.20% |
Office + Retail |
|
PLife REIT |
Q4 -Dec12 |
2.690 |
$2.530 |
4.253% |
$1.550 |
32.90% |
Hospitals |
NOTES :
- Mkt Price is as on 28-Mar-13
- 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 : DPU = 2.09ct (27-Aug-12 to 31-Dec-12)
- CRCT : DPU = 1.5ct (2-Nov-12 to 31-Dec-12) + 3.22ct (1-Jul-12 to 1-Nov-12) Already Paid
- AIMSAMPReit : The DPU of 2.58 cents includes an amount of 0.05 cents resulting from a tax adjustment in relation to FY2008 and FY2009 upon finalisation of the Trust’s Years of Assessment 2009 and 2010 with IRAS
- StarHill Global : Annualised DPU = 4.5ct
- A-HTrust : DPU = 1.55ct (if no sponsor waiver) ; DPU Not Paid as Semi-Annual Policy
- FCOT : Annualised DPU = 6.28ct
- PLife : Annualised DPU = 10.76ct
- FirstREIT : Q4 DPU = 0.7ct (26-Nov-12 to 31-Dec-12) + 1.02ct (1-Oct-12 to 25-Nov-12) Already Paid ; Annualised DPU = 6.58ct
- ART : Yield Computed Using 1H DPU = 4.517ct + 2H DPU = 4.238ct
- CLT : Annualised DPU = 8.569ct
- CMT : Annualised DPU Payout = 9.39ct ; DPU = 0.81ct (30-Nov-12 to 31-Dec-12) + Advanced DPU Paid = 1.55ct (1-Oct-12 to 29-Nov-12)
- Cambridge : Annualised DPU = 4.889ct
- Sabana : Annualised DPU = 9.59ct
- CCT : Annualised DPU = 8.12ct
- 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
- FCT : A total of $2.3 million has been retained in 1H12 (1Q12: $1.6 million + 2Q12: $0.7 million) + 3Q12 : $1.172 million
- A-REIT : Private Placement (3 May 12) – 150Mil @ $1.99 ; Listing on 14 May 12 2pm
- MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q4 – Dec12 |
0 |
$0.125 |
0.000% |
$0.480 |
Shipping Trust |
|
Rickmers |
Q4 – Dec12 |
0.6 |
$0.345 |
8.640% |
$1.000 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2420:US$1 fm Yahoo Finance)
- Rickmers : 10% Payout (of Cash flow available for distribution before payment to debt capital providers)
- FSL : 30-Jun-12 : Suspends Div Payout till 30-Jun-13
Other Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
CitySpring |
Q3 – Dec12 |
0.82 |
$0.465 |
7.054% |
$0.222 |
Infrastructure – Water + Gas + Power |
|
K-Green |
2H – Dec12 |
7.82 |
$1.105 |
7.077% |
$1.010 |
Energy (Incineration) + Water (NEWater) |
|
AscendasIndT |
1H – Sep12 |
2.5 |
$0.825 |
5.821% |
$0.610 |
India – Industrial Park |
|
Indiabulls |
1H – Sep12 |
0.0184 |
$0.109 |
0.338% |
$0.409 |
India – Office |
|
HPH Trust US$ |
FY12 – IPO |
6.59 |
$0.850 |
7.753% |
HK$7.58 |
Ports – HK + China |
|
ForterraTr |
2H – Dec12 |
— |
$1.600 |
0.000% |
$4.200 |
China – Retail + Office + Industrial |
|
PerennialCRT |
2H – Dec12 |
1.96 |
$0.590 |
6.644% |
$0.700 |
China Retail |
|
Religare |
FY13 – IPO |
4 |
$0.905 |
8.840% |
$0.860 |
India – Healthcare |
NOTES :
- Forterra (TCT) : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
- Religare : DPU = 1.66ct (1-Oct-13 to 31-Dec-13) or 1.19ct (no Sponsor Waiver) ; No DPU Payout as Semi-Annual Payout Policy
- Religare : Prospectus ; IPO @ $0.90 ; FY13 DPU = 4ct (1-Oct-12 to 31-Mar-13) Yield = 8.9% (Sponsor Waiver to DPU) / 6.42% (if no waiver) ; FY14 DPU = 8.17ct Yield = 9.1% (waiver) / 6.54% (no waiver) ; Gearing = 6.7%
- a-iTrust : Q3 DPU = 1.34ct (90% Payout) ; Not Paid Out as Semi-Annual Policy
- a-iTrust : 1-Apr-12 to 8-Oct-12 ; 1H DPU = 2.4ct (90% Payout)
- HPH-Trust : No DPU Payout as Semi-Annual Payout Policy
- Indiabulls : Maiden DPU Declared since Listing on 11-Jun-08
- HPH Trust : 1H12 DPU Payout = HK24.05ct ; Above Table Uses IPO Forecast to Compute Yield (Both DPU & Mkt Price in US$)
- K-Green : 1H12 DPU Payout = 3.13ct ; 2H11 DPU Payout = 4.69ct ; Above Table Uses 2H11 + 1H12 DPU = 7.82ct to Calculate Yield
- CitySpring : Guidance for FY13 DPU = 3.28ct ie 0.82ct / Q