Performance – Feb 2013
STI +3.25% : 3269.95 (Feb-13) vs 3167.08 (2012)
Rank – Capital Gains
|
REIT |
Feb-13 |
Dec-12 |
Gain |
|
PLife REIT |
$2.420 |
$2.150 |
12.6% |
|
StarHill |
$0.875 |
$0.785 |
11.5% |
|
MCT |
$1.345 |
$1.215 |
10.7% |
|
Cambridge |
$0.745 |
$0.675 |
10.4% |
|
CDL Htrust |
$2.070 |
$1.880 |
10.1% |
|
FE-Htrust |
$1.100 |
$1.005 |
9.5% |
|
Sabana REIT |
$1.245 |
$1.140 |
9.2% |
|
CapitaRChina |
$1.790 |
$1.645 |
8.8% |
|
Ascendasreit |
$2.570 |
$2.370 |
8.4% |
|
SuntecReit |
$1.795 |
$1.675 |
7.2% |
|
CLT |
$1.325 |
$1.240 |
6.9% |
|
First REIT |
$1.130 |
$1.060 |
6.6% |
|
MapletreeLog |
$1.220 |
$1.145 |
6.6% |
|
A-Htrust |
$1.000 |
$0.940 |
6.4% |
|
LippoMapleT |
$0.520 |
$0.490 |
6.1% |
|
AIMSAMPIReit |
$1.580 |
$1.495 |
5.7% |
|
Fortune Reit HK$ |
$6.720 |
$6.370 |
5.5% |
|
SaizenREIT |
$0.188 |
$0.181 |
3.9% |
|
K-REIT |
$1.340 |
$1.295 |
3.5% |
|
MIT |
$1.400 |
$1.360 |
2.9% |
|
FrasersCT |
$2.050 |
$2.000 |
2.5% |
|
CapitaMall |
$2.150 |
$2.130 |
0.9% |
|
FCOT |
$1.320 |
$1.320 |
0.0% |
|
AscottREIT |
$1.345 |
$1.360 |
-1.1% |
|
CapitaComm |
$1.660 |
$1.685 |
-1.5% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- Feb-13 : End Feb-13 Mkt Price
- Dec-12 : End Dec-12 Mkt Price
- Gain : Capital Gains = (Feb-13 Mkt Price – Dec-12 Mkt Price) / (Dec-12 Mkt Price)
February 2013
Results Announcement
- 1 Feb 13 : CRCT (Tables Updated)
- 1 Feb 13 : HPH-Trust (Table Updated)
- 6 Feb 13 : FE-Htrust (Tables Updated)
- 7 Feb 13 : Saizen (Tables Updated)
- 7 Feb 13 : LMIR (Tables Updated)
- 8 Feb 13 : CitySpring (Table Updated)
- 13 Feb 13 : Religare (Table Updated)
- 14 Feb 13 (AM) : PCRT (Table Updated)
- 14 Feb 13 : Indiabulls (Table Updated)
- 26 Feb 13 : Rickmers (Table Updated)
-
27 Feb 13 (AM) : TCT (Table Updated)
REITs : Average Yield = 5.708%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Sabana REIT |
Q4 – Dec12 |
2.410 |
$1.245 |
7.703% |
$1.070 |
37.60% |
Industrial |
|
AscendasHT |
Q3 – Dec12 |
1.770 |
$1.000 |
7.080% |
$0.780 |
35.80% |
Hotels : Australia (71%) + Japan (25%) + China (4%) |
|
SaizenREIT |
1H – Dec12 |
0.660 |
$0.188 |
7.021% |
$0.270 |
32.00% |
Residential (Japan) |
|
MapletreeInd |
Q3 – Dec12 |
2.320 |
$1.400 |
6.629% |
$1.020 |
37.10% |
Industrial |
|
Cambridge |
Q4 – Dec12 |
1.229 |
$0.745 |
6.562% |
$0.647 |
38.60% |
Industrial |
|
AIMSAMPI Reit |
Q3 – Dec12 |
2.580 |
$1.580 |
6.532% |
$1.469 |
33.60% |
Industrial |
|
AscottREIT |
2H – Dec12 |
4.238 |
$1.345 |
6.509% |
$1.350 |
40.10% |
Serviced Apts (Regional) |
|
CACHE |
Q4 – Dec12 |
2.154 |
$1.325 |
6.467% |
$0.930 |
31.70% |
Industrial |
|
Kep REIT |
Q4 – Dec12 |
1.970 |
$1.340 |
5.881% |
$1.300 |
42.90% |
Office |
|
First REIT |
Q4 – Dec12 |
1.720 |
$1.130 |
5.823% |
$0.827 |
27.10% |
Hospitals + Hotel (Indonesia) |
|
LippoMalls |
Q4 – Dec12 |
0.740 |
$0.520 |
5.692% |
$0.562 |
24.50% |
Retail (Indonesia) |
|
MapletreeLog |
Q3 – Dec12 |
1.720 |
$1.220 |
5.639% |
$0.880 |
35.90% |
Industrial |
|
Ascendasreit |
Q3 – Dec12 |
3.620 |
$2.570 |
5.634% |
$1.880 |
32.80% |
Industrial |
|
Far East HTrust |
Q4 – Dec12 |
2.090 |
$1.100 |
5.504% |
$0.970 |
29.20% |
Hotels + Serviced Apts |
|
CDL Htrust |
2H – Dec12 |
5.620 |
$2.070 |
5.430% |
$1.610 |
24.90% |
Hotels : Singapore (82.5%) + Australia (13%) + NZ (4.5%) |
|
CapitaRChina |
2H – Dec12 |
4.720 |
$1.790 |
5.274% |
$1.290 |
28.00% |
Retail (China) |
|
SuntecReit |
Q4 – Dec12 |
2.326 |
$1.795 |
5.183% |
$2.044 |
36.70% |
Retail + Office |
|
Starhill Gbl |
Q4 – Dec12 |
1.130 |
$0.875 |
5.143% |
$0.960 |
30.30% |
Retail + Office |
|
Fortune Reit HK$ |
2H – Dec12 |
16.530 |
$6.720 |
4.920% |
$8.810 |
23.40% |
Retail (HK) |
|
CapitaComm |
2H – Dec12 |
4.080 |
$1.660 |
4.916% |
$1.620 |
30.10% |
Office (63%) + Retail (22%) + Hotel (15%) |
|
MapletreeCom |
Q3 – Dec12 |
1.667 |
$1.345 |
4.914% |
$1.055 |
35.30% |
Retail + Office |
|
Frasers Comm |
Q1 – Dec12 |
1.583 |
$1.320 |
4.758% |
$1.500 |
29.20% |
Office + Retail |
|
FrasersCT |
Q1 – Dec12 |
2.400 |
$2.050 |
4.683% |
$1.530 |
30.10% |
Retail |
|
PLife REIT |
Q4 -Dec12 |
2.690 |
$2.420 |
4.446% |
$1.550 |
32.90% |
Hospitals |
|
CapitaMall |
Q4 – Dec12 |
2.360 |
$2.150 |
4.367% |
$1.640 |
36.70% |
Retail + Office |
NOTES :
- Mkt Price is as on 28-Feb-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 |
$0.133 |
0.000% |
$0.480 |
Shipping Trust |
|
Rickmers |
Q4 – Dec12 |
0.6 |
$0.370 |
8.017% |
$1.000 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2359: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 |
$0.460 |
7.130% |
$0.222 |
Infrastructure – Water + Gas + Power |
|
K-Green |
2H – Dec12 |
7.82 |
$1.095 |
7.142% |
$1.010 |
Energy (Incineration) + Water (NEWater) |
|
AscendasIndT |
1H – Sep12 |
2.5 |
$0.835 |
5.752% |
$0.610 |
India – Industrial Park |
|
Indiabulls |
1H – Sep12 |
0.0184 |
$0.124 |
0.297% |
$0.409 |
India – Office |
|
HPH Trust US$ |
FY12 – IPO |
6.59 |
$0.810 |
8.136% |
HK$7.58 |
Ports – HK + China |
|
ForterraTr |
2H – Dec12 |
— |
$1.660 |
0.000% |
$4.200 |
China – Retail + Office + Industrial |
|
PerennialCRT |
2H – Dec12 |
1.96 |
$0.600 |
6.533% |
$0.700 |
China Retail |
|
Religare |
FY13 – IPO |
4 |
$0.870 |
9.195% |
$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
Gearing – Feb13
|
REIT |
Assets |
Debts |
Gearing |
Shares |
Major Shareholders |
|
A-HTrust |
S$1080M |
S$386M |
35.8% |
804,321,832 |
Ascendas 28.74% ; Accor 5.75% |
|
A-REIT |
S$6686M |
S$2192M |
32.8% |
2,239,184,937 |
Ascendas 19.01% ; Matthews 5.04% |
|
AIMSAMPIReit |
S$1049M |
S$352M |
33.6% |
449,399,000 |
AMP 14.48% ; Dragon Pacific 11.86% ; APG 9.32% ; USS 7.05% ; George Wang 7.17% |
|
AscottREIT |
S$3003M |
S$1171M |
40.1% |
1,142,819,000 |
Temasek 49.02% |
|
Cambridge |
S$1305M |
S$504M |
38.6% |
1,216,015,451 |
Franklin 7.90% ; Templeton 7.04% ; Chan Wai Kheong 7.01% ; MacKenzie 6.03% ; Capital Grp 5.9153% |
|
CapitaRChina |
S$1649M |
S$465M |
28.0% |
749,504,576 |
Capitaland 36.89% (CMT 20%) ; Capital Grp 7.9825% ; AIA 6.4833% ; Matthews 7.93% ; PGGM 5.946% |
|
CCT |
S$7003M |
S$2106M |
30.1% |
2,842,956,284 |
Temasek 32.03% ; Capital Group 5.9067% ; CBRE 5.092% |
|
CDL HTrust |
S$2134M |
S$532M |
24.9% |
970,042,434 |
Hong Leong 35.697% ; Aberdeen 6.0478% |
|
CLT |
S$987M |
S$313M |
31.7% |
703,353,638 |
CWT 11.79% ; Capital Grp 5.8666% ; Newton Investment 7.12% |
|
CMT |
S$9889M |
S$3567M |
36.7% |
3456,420,674 |
CMA 28.50% ; NTUC 5.98% |
|
FE-HTrust |
S$2215M |
S$647M |
29.2% |
1,606,943,895 |
Far East 56% ; APG 5% |
|
First REIT |
S$829M |
S$216M |
27.1% |
666,152,932 |
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$1916M |
S$577M |
30.1% |
823,809,119 |
F&N 40.7% ; AIA 6.0126% ; Capital Group 6.0395% |
|
FrasersComm |
S$2018M |
S$589M |
29.2% |
654,906,471 |
F&N 27.11% |
|
K-REIT |
S$6139M |
S$2801M |
42.9% |
2,631,180,238 |
Temasek 76.55% |
|
LMIR |
S$1931M |
S$473M |
24.5% |
2,196,962,636 |
Lippo 29.5% ; Stitching 9.95% ; CPI-Capital 8.5% ; ABN AMRO 6.51% ; Sumitomo 5.03% |
|
MCT |
S$3199M |
S$1126M |
35.3% |
1,871,060,000 |
Temasek 42.66% ; AIA 7.63% |
|
MIT |
S$2818M |
S$1049M |
37.1% |
1,630,039,593 |
Temasek 31.63% ; Capital Grp 6.23% ; AIG 5.40% |
|
MLT |
S$4279M |
S$15179M |
35.9% |
2,427,472,527 |
Temasek 40.99% ; Capital Grp 7.14% ; BOA 6.445% ; Mellon Corp 6.36% |
|
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$1157M |
S$433M |
37.6% |
641,522,917 |
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$2820M |
S$854M |
30.3% |
1,943,023,078 |
YTL 29.09% ; AIA 10.0105% |
|
Suntec |
S$7756M |
S$2850M |
36.7% |
2,252,354,234 |
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 – Jan 2013
STI +3.58% : 3280.39 (Jan-13) vs 3167.08 (2012)
Rank – Capital Gains
|
REIT |
Jan-13 |
Dec-12 |
Gain |
|
MCT |
$1.335 |
$1.215 |
9.9% |
|
Fortune Reit HK$ |
$6.910 |
$6.370 |
8.5% |
|
PLife REIT |
$2.330 |
$2.150 |
8.4% |
|
StarHill |
$0.845 |
$0.785 |
7.6% |
|
CDL Htrust |
$2.020 |
$1.880 |
7.4% |
|
SaizenREIT |
$0.194 |
$0.181 |
7.2% |
|
LippoMapleT |
$0.525 |
$0.490 |
7.1% |
|
Ascendasreit |
$2.530 |
$2.370 |
6.8% |
|
CapitaRChina |
$1.755 |
$1.645 |
6.7% |
|
AIMSAMPIReit |
$1.585 |
$1.495 |
6.0% |
|
K-REIT |
$1.370 |
$1.295 |
5.8% |
|
Cambridge |
$0.710 |
$0.675 |
5.2% |
|
A-Htrust |
$0.980 |
$0.940 |
4.3% |
|
FE-Htrust |
$1.045 |
$1.005 |
4.0% |
|
Sabana REIT |
$1.175 |
$1.140 |
3.1% |
|
MapletreeLog |
$1.170 |
$1.145 |
2.2% |
|
AscottREIT |
$1.385 |
$1.360 |
1.8% |
|
CLT |
$1.260 |
$1.240 |
1.6% |
|
SuntecReit |
$1.695 |
$1.675 |
1.2% |
|
FCOT |
$1.335 |
$1.320 |
1.1% |
|
First REIT |
$1.070 |
$1.060 |
0.9% |
|
MIT |
$1.370 |
$1.360 |
0.7% |
|
CapitaMall |
$2.120 |
$2.130 |
-0.5% |
|
CapitaComm |
$1.665 |
$1.685 |
-1.2% |
|
FrasersCT |
$1.940 |
$2.000 |
-3.0% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- Jan-13 : End Jan-13 Mkt Price
- Dec-12 : End Dec-12 Mkt Price
- Gain : Capital Gains = (Jan-13 Mkt Price – Dec-12 Mkt Price) / (Dec-12 Mkt Price)