January 2013
Results Announcement
- 15 Jan 13 (AM) : A-REIT (Tables Updated)
- 17 Jan 13 : Sabana (Tables Updated)
- 17 Jan 13 : MLT (Tables Updated)
- 18 Jan 13 (AM) : Cambridge (Tables Updated)
- 18 Jan 13 (AM) : CMT (Tables Updated)
- 21 Jan 13 : KGT (Table Updated)
- 21 Jan 13 : FSL (Table Updated)
- 21 Jan 13 : CLT (Tables Updated)
- 21 Jan 13 : Kep REIT (Tables Updated)
- 22 Jan 13 : a-iTrust (Table Updated)
- 22 Jan 13 : FCT (Tables Updated)
- 22 Jan 13 : Suntec (Tables Updated)
- 22 Jan 13 : MIT (Tables Updated)
- 23 Jan 13 (AM) : CCT (Tables Updated)
- 23 Jan 13 : ART (Tables Updated)
- 23 Jan 13 : FirstREIT (Tables Updated)
- 24 Jan 13 : Fortune (Tables Updated)
- 24 Jan 13 : MCT (Tables Updated)
- 25 Jan 13 : PLife (Tables Updated)
- 25 Jan 13 : FCOT (Tables Updated)
- 28 Jan 13 : A-HTrust (Tables Updated)
- 29 Jan 13 : StarHill (Tables Updated)
- 29 Jan 13 : CDL H-Trust (Tables Updated)
- 31 Jan 13 (AM) : AIMSAMPReit (Tables Updated)
- 1 Feb 13 : CRCT
- 6 Feb 13 : FE-Htrust
- 7 Feb 13 : LMIR
- 8 Feb 13 (AM) : Saizen
- 8 Feb 13 : CitySpring
- 14 Feb 13 (AM) : PCRT
-
27 Feb 13 (AM) : TCT
REITs : Average Yield = 5.791%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Sabana REIT |
Q4 – Dec12 |
2.410 |
$1.175 |
8.162% |
$1.070 |
37.60% |
Industrial |
|
AscendasHT |
Q3 – Dec12 |
1.770 |
$0.980 |
7.224% |
$0.780 |
35.80% |
Hotels : Australia (71%) + Japan (25%) + China (4%) |
|
Cambridge |
Q4 – Dec12 |
1.229 |
$0.710 |
6.886% |
$0.647 |
38.60% |
Industrial |
|
CACHE |
Q4 – Dec12 |
2.154 |
$1.260 |
6.801% |
$0.930 |
31.70% |
Industrial |
|
MapletreeInd |
Q3 – Dec12 |
2.320 |
$1.370 |
6.774% |
$1.020 |
37.10% |
Industrial |
|
AIMSAMPI Reit |
Q3 – Dec12 |
2.580 |
$1.585 |
6.511% |
$1.469 |
33.60% |
Industrial |
|
SaizenREIT |
2H – Jun12 |
0.630 |
$0.194 |
6.495% |
$0.300 |
31.40% |
Residential (Japan) |
|
AscottREIT |
2H – Dec12 |
4.238 |
$1.385 |
6.321% |
$1.350 |
40.10% |
Serviced Apts (Regional) |
|
First REIT |
Q4 – Dec12 |
1.720 |
$1.070 |
6.150% |
$0.827 |
27.10% |
Hospitals + Hotel (Indonesia) |
|
MapletreeLog |
Q3 – Dec12 |
1.720 |
$1.170 |
5.880% |
$0.880 |
35.90% |
Industrial |
|
Kep REIT |
Q4 – Dec12 |
1.970 |
$1.370 |
5.752% |
$1.300 |
42.90% |
Office |
|
Ascendasreit |
Q3 – Dec12 |
3.620 |
$2.530 |
5.723% |
$1.880 |
32.80% |
Industrial |
|
CDL Htrust |
2H – Dec12 |
5.620 |
$2.020 |
5.564% |
$1.610 |
24.90% |
Hotels : Singapore (82.5%) + Australia (13%) + NZ (4.5%) |
|
LippoMalls |
Q3 – Sep12 |
0.730 |
$0.525 |
5.562% |
$0.528 |
22.70% |
Retail (Indonesia) |
|
SuntecReit |
Q4 – Dec12 |
2.326 |
$1.695 |
5.489% |
$2.044 |
36.70% |
Retail + Office |
|
CapitaRChina |
Q3 – Sep12 |
2.420 |
$1.755 |
5.487% |
$1.250 |
30.40% |
Retail (China) |
|
Far East HTrust |
FY12 – IPO |
2.320 |
$1.045 |
5.331% |
$0.930 |
30.50% |
Hotels + Serviced Apts |
|
Starhill Gbl |
Q4 – Dec12 |
1.130 |
$0.845 |
5.325% |
$0.960 |
30.30% |
Retail + Office |
|
MapletreeCom |
Q3 – Dec12 |
1.667 |
$1.335 |
4.951% |
$1.055 |
35.30% |
Retail + Office |
|
FrasersCT |
Q1 – Dec12 |
2.400 |
$1.940 |
4.948% |
$1.530 |
30.10% |
Retail |
|
CapitaComm |
2H – Dec12 |
4.080 |
$1.665 |
4.901% |
$1.620 |
30.10% |
Office (63%) + Retail (22%) + Hotel (15%) |
|
Fortune Reit HK$ |
2H – Dec12 |
16.530 |
$6.910 |
4.784% |
$8.810 |
23.40% |
Retail (HK) |
|
Frasers Comm |
Q1 – Dec12 |
1.583 |
$1.335 |
4.704% |
$1.500 |
29.20% |
Office + Retail |
|
PLife REIT |
Q4 -Dec12 |
2.690 |
$2.330 |
4.618% |
$1.550 |
32.90% |
Hospitals |
|
CapitaMall |
Q4 – Dec12 |
2.360 |
$2.120 |
4.429% |
$1.640 |
36.70% |
Retail + Office |
NOTES :
- Mkt Price is as on 31-Jan-13
- 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
- Saizen : No DPU Payout as Semi-Annual Payout Policy
- Fortune :No DPU Payout as Semi-Annual DPU Payout Policy
- CCT : Annualised DPU = 8.12ct
- CRCT : Annualised DPU Payout = 9.63ct ; DPU Not Paid as Semi-Annual Payout Policy
- 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
- K-REIT : Proposed 17-for-20 Rights Issue @ $0.85 (17-Oct-11)
- LMIR : Proposed Rights 1-for-1 @ $0.31 ; SGX Annc (3-Oct-11) ; 1H11 Proforma – DPU 1.63ct ; NAV $0.5753 ; TERP $0.458 (Mkt $0.605)
- AIMSAMPI Reit : 5-to-1 Stocks Consolidation on 29-Sep-11
- MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm
- FCOT : 5-to-1 Stocks Consolidation on 8-Feb-11 ; Circular (30-Dec-10) : Proforma FY10 (Sep) – DPU 5.55ct ; NAV $1.38 ; Issued Shares 620,857,225
- FirstREIT : Proposed Rights 5-for-4 @ $0.50 ; SGX Annc (10-Nov-10) ; FY11 Forecast – DPU 6.4ct ; NAV $0.76 ; Gearing 17.25% ; TERP $0.70 (Mkt $0.95)
- Sabana : Forecast DPU FY11 = 8.63ct ; FY12 = 8.67ct ; Listed on 26 Nov 10 2pm @ $1.05
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q4 – Dec12 |
0 |
$0.138 |
0.000% |
$0.480 |
Shipping Trust |
|
Rickmers |
Q3 – Sep12 |
0.6 |
$0.370 |
8.030% |
$0.990 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2379: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 |
Q2 – Sep12 |
0.82 |
$0.455 |
7.209% |
$0.210 |
Infrastructure – Water + Gas + Power |
|
K-Green |
2H – Dec12 |
7.82 |
$1.045 |
7.483% |
$1.010 |
Energy (Incineration) + Water (NEWater) |
|
AscendasIndT |
1H – Sep12 |
2.5 |
$0.820 |
5.857% |
$0.610 |
India – Industrial Park |
|
Indiabulls |
1H – Sep12 |
0.0184 |
$0.126 |
0.292% |
$0.426 |
India – Office |
|
HPH Trust US$ |
FY12 – IPO |
6.59 |
$0.820 |
8.037% |
HK$7.58 |
Ports – HK + China |
|
TCT |
Q3 – Sep12 |
— |
$1.650 |
0.000% |
$4.090 |
China – Retail + Office + Industrial |
|
PerennialCRT |
Q3 – Sep12 |
0.97 |
$0.620 |
6.226% |
$0.650 |
China Retail |
|
Religare |
FY13 – IPO |
4 |
$0.905 |
8.840% |
$0.870 |
India – Healthcare |
NOTES :
- 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
- PCRT : Annualised DPU = 3.86ct ; DPU Includes $21.217Mil Additional Income (To Be Drawn from Earn-Out Fund) ; No DPU Payout as Semi-Annual Payout Policy
- a-iTrust : 1-Apr-12 to 8-Oct-12 ; 1H DPU = 2.4ct (90% Payout)
- HPH-Trust : No DPU Payout as Semi-Annual Payout Policy
- Indiabulls : Maiden DPU Declared since Listing on 11-Jun-08
- TCT : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
- HPH Trust : 1H12 DPU Payout = HK24.05ct ; Above Table Uses IPO Forecast to Compute Yield (Both DPU & Mkt Price in US$)
- 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
- CitySpring : Proposed 11-for-20 Rights Issue @ $0.39. TERP = $0.4835 @ $0.535 (Mkt Price) ; Annualised Yield (Profroma 2FY11) = 6.8% @ TERP (Before Rights = 8.4% @ $0.535)
- PCRT : IPO DPU Forecast – FY11 = 2.35ct ; FY12 = 3.86ct ; Semi-Annual Dividend Payout with 1st Payout for Dec-11 ; Listing on 9-Jun-11 2pm
- HPH Trust : IPO DPU Forecast – FY11 = US5.9ct (HK45.88ct) ; FY12 = US6.59ct (HK51.24ct)
- Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
Gearing – Jan13
|
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$1564M |
S$479M |
30.4% |
691,309,649 |
Capitaland 41.04% (CMT 20%) ; Capital Grp 8.4997% ; Matthews 7.13% ; 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$2145M |
S$647M |
30.5% |
1,603,888,000 |
Far East 56% |
|
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$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$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 |
JPY41,477M |
JPY12,989M |
31.4% |
1,423,703,795 |
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 – December 2012
STI +19.68% : 3167.08 (Dec-12) vs 2646.35 (2011)
Rank – Capital Gains
|
REIT |
Dec-12 |
Dec-11 |
Gain |
|
FCOT |
$1.320 |
$0.740 |
78.4% |
|
Fortune Reit HK$ |
$6.370 |
$3.760 |
69.4% |
|
CapitaComm |
$1.685 |
$1.055 |
59.7% |
|
AIMSAMPIReit |
$1.495 |
$0.945 |
58.2% |
|
K-REIT |
$1.295 |
$0.830 |
56.0% |
|
SuntecReit |
$1.675 |
$1.075 |
55.8% |
|
CapitaRChina |
$1.645 |
$1.150 |
43.0% |
|
MCT |
$1.215 |
$0.850 |
42.9% |
|
Cambridge |
$0.675 |
$0.475 |
42.1% |
|
LippoMapleT |
$0.490 |
$0.350 |
40.0% |
|
First REIT |
$1.060 |
$0.760 |
39.5% |
|
StarHill |
$0.785 |
$0.565 |
38.9% |
|
FrasersCT |
$2.000 |
$1.440 |
38.9% |
|
AscottREIT |
$1.360 |
$0.990 |
37.4% |
|
MapletreeLog |
$1.145 |
$0.845 |
35.5% |
|
CLT |
$1.240 |
$0.950 |
30.5% |
|
Sabana REIT |
$1.140 |
$0.875 |
30.3% |
|
Ascendasreit |
$2.370 |
$1.830 |
29.5% |
|
SaizenREIT |
$0.181 |
$0.140 |
29.3% |
|
MIT |
$1.360 |
$1.075 |
26.5% |
|
CapitaMall |
$2.130 |
$1.700 |
25.3% |
|
CDL Htrust |
$1.880 |
$1.545 |
21.7% |
|
PLife REIT |
$2.150 |
$1.790 |
20.1% |
|
FE-Htrust |
$1.005 |
$0.930 |
8.1% |
|
A-Htrust |
$0.940 |
$0.880 |
6.8% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- FE-Trust : Listed on 27 Aug 12 2PM @ $0.88
- HTrust : Listed on 27 Jul 12 2PM @ $0.88
- Dec-11 : End Dec-11 Mkt Price
- Dec-12 : End Dec-12 Mkt Price
- Gain : Capital Gains = (NDecov-12 Mkt Price – Dec-11 Mkt Price) / (Dec-11 Mkt Price)
December 2012
REITs : Average Yield = 6.027%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
Sabana REIT |
Q3 – Sep12 |
2.340 |
$1.140 |
8.167% |
$1.030 |
38.30% |
Industrial |
|
AscendasHT |
Q2 – Sep12 |
1.260 |
$0.940 |
7.527% |
$0.800 |
31.70% |
Hotels : Australia (71%) + Japan (25%) + China (4%) |
|
Cambridge |
Q3 – Sep12 |
1.204 |
$0.675 |
7.096% |
$0.612 |
36.60% |
Industrial |
|
SaizenREIT |
2H – Jun12 |
0.630 |
$0.181 |
6.961% |
$0.300 |
31.40% |
Residential (Japan) |
|
CACHE |
Q3 – Sep12 |
2.144 |
$1.240 |
6.878% |
$0.900 |
32.60% |
Industrial |
|
First REIT |
Q3 – Sep12 |
1.680 |
$1.060 |
6.764% |
$0.791 |
15.90% |
Hospitals + Hotel (Indonesia) |
|
MapletreeInd |
Q2 – Sep12 |
2.290 |
$1.360 |
6.735% |
$1.020 |
37.20% |
Industrial |
|
AIMSAMPI Reit |
Q2 – Sep12 |
2.500 |
$1.495 |
6.689% |
$1.443 |
31.50% |
Industrial |
|
AscottREIT |
Q3 – Sep12 |
2.240 |
$1.360 |
6.588% |
$1.370 |
40.60% |
Serviced Apts (Regional) |
|
Kep REIT |
Q3 – Sep12 |
1.960 |
$1.295 |
6.023% |
$1.230 |
44.10% |
Office |
|
MapletreeLog |
Q2 – Sep12 |
1.710 |
$1.145 |
5.974% |
$0.880 |
37.00% |
Industrial |
|
LippoMalls |
Q3 – Sep12 |
0.730 |
$0.490 |
5.959% |
$0.528 |
22.70% |
Retail (Indonesia) |
|
Ascendasreit |
Q2 – Sep12 |
3.530 |
$2.370 |
5.958% |
$1.845 |
32.50% |
Industrial |
|
CapitaRChina |
Q3 – Sep12 |
2.420 |
$1.645 |
5.854% |
$1.250 |
30.40% |
Retail (China) |
|
CDL Htrust |
Q3 – Sep12 |
2.720 |
$1.880 |
5.755% |
$1.570 |
25.50% |
Hotels : Singapore (82.5%) + Australia (13%) + NZ (4.5%) |
|
Starhill Gbl |
Q3 – Sep12 |
1.110 |
$0.785 |
5.631% |
$0.940 |
31.20% |
Retail + Office |
|
SuntecReit |
Q3 – Sep12 |
2.350 |
$1.675 |
5.581% |
$1.946 |
37.80% |
Retail + Office |
|
Far East HTrust |
FY12 – IPO |
2.320 |
$1.005 |
5.543% |
$0.930 |
30.50% |
Hotels + Serviced Apts |
|
FrasersCT |
Q4 – Sep12 |
2.710 |
$2.000 |
5.420% |
$1.530 |
30.10% |
Retail |
|
Frasers Comm |
2H – Sep12 |
3.448 |
$1.320 |
5.224% |
$1.500 |
36.80% |
Office + Retail |
|
Fortune Reit HK$ |
Q3 – Sep12 |
8.160 |
$6.370 |
5.124% |
$8.320 |
24.60% |
Retail (HK) |
|
MapletreeCom |
Q2 – Sep12 |
1.546 |
$1.215 |
5.090% |
$0.952 |
37.70% |
Retail + Office |
|
CapitaComm |
Q3 – Sep12 |
2.040 |
$1.685 |
4.819% |
$1.580 |
30.90% |
Office (63%) + Retail (22%) + Hotel (15%) |
|
PLife REIT |
Q3 – Sep12 |
2.580 |
$2.150 |
4.800% |
$1.460 |
36.40% |
Hospitals |
|
CapitaMall |
Q3 – Sep12 |
2.420 |
$2.130 |
4.521% |
$1.620 |
37.60% |
Retail + Office |
NOTES :
- Mkt Price is as on 31-Dec-12
- Saizen : No DPU Payout as Semi-Annual Payout Policy
- PLife : Annualised DPU = 10.32ct
- A-HTrust : DPU = 1.09ct (if no sponsor waiver)
- Cambridge : Annualised DPU = 4.790ct
- Fortune :No DPU Payout as Semi-Annual DPU Payout Policy
- CDL H-Trust : Annualised DPU = 10.82ct ; No DPU Payout as Semi-Annual DPU Payout Policy
- StarHill Global : Annualised DPU = 4.42ct
- CCT : Annualised DPU = 8.12ct
- FCOT : Quarterly DPU Payout from Dec Quarter
- Suntec : Annualised DPU = 9.349ct
- FirstREIT : Annualised DPU = 7.17ct
- CLT : Annualised DPU = 8.529ct
- ART : DPU Not Paid as Semi-Annual Payout Policy
- CRCT : Annualised DPU Payout = 9.63ct ; DPU Not Paid as Semi-Annual Payout Policy
- CMT : Annualised DPU Payout = 9.63ct
- Sabana : Annualised DPU = 9.31ct
- K-REIT : Annualised DPU Payout = 7.80ct ; Quarterly DPU Payout Policy from Q312
- 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
- K-REIT : Proposed 17-for-20 Rights Issue @ $0.85 (17-Oct-11)
- LMIR : Proposed Rights 1-for-1 @ $0.31 ; SGX Annc (3-Oct-11) ; 1H11 Proforma – DPU 1.63ct ; NAV $0.5753 ; TERP $0.458 (Mkt $0.605)
- AIMSAMPI Reit : 5-to-1 Stocks Consolidation on 29-Sep-11
- MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm
- FCOT : 5-to-1 Stocks Consolidation on 8-Feb-11 ; Circular (30-Dec-10) : Proforma FY10 (Sep) – DPU 5.55ct ; NAV $1.38 ; Issued Shares 620,857,225
- FirstREIT : Proposed Rights 5-for-4 @ $0.50 ; SGX Annc (10-Nov-10) ; FY11 Forecast – DPU 6.4ct ; NAV $0.76 ; Gearing 17.25% ; TERP $0.70 (Mkt $0.95)
- Sabana : Forecast DPU FY11 = 8.63ct ; FY12 = 8.67ct ; Listed on 26 Nov 10 2pm @ $1.05
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
FSL Trust |
Q3 – Sep12 |
0 |
$0.127 |
0.000% |
$0.490 |
Shipping Trust |
|
Rickmers |
Q3 – Sep12 |
0.6 |
$0.350 |
8.376% |
$0.990 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2215: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 |
Q2 – Sep12 |
0.82 |
$0.440 |
7.455% |
$0.210 |
Infrastructure – Water + Gas + Power |
|
K-Green |
1H12 – Jun |
7.82 |
$1.030 |
7.592% |
$1.050 |
Energy (Incineration) + Water (NEWater) |
|
AscendasIndT |
1H – Sep12 |
2.5 |
$0.750 |
6.404% |
$0.640 |
India – Industrial Park |
|
Indiabulls |
1H – Sep12 |
0.0184 |
$0.109 |
0.338% |
$0.426 |
India – Office |
|
HPH Trust US$ |
FY12 – IPO |
6.59 |
$0.790 |
8.342% |
HK$7.58 |
Ports – HK + China |
|
TCT |
Q3 – Sep12 |
— |
$1.470 |
0.000% |
$4.090 |
China – Retail + Office + Industrial |
|
PerennialCRT |
Q3 – Sep12 |
0.97 |
$0.565 |
6.832% |
$0.650 |
China Retail |
|
Religare |
FY13 – IPO |
4 |
$0.885 |
9.040% |
$0.870 |
India – Healthcare |
NOTES :
- 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%
- PCRT : Annualised DPU = 3.86ct ; DPU Includes $21.217Mil Additional Income (To Be Drawn from Earn-Out Fund) ; No DPU Payout as Semi-Annual Payout Policy
- a-iTrust : 1-Apr-12 to 8-Oct-12 ; 1H DPU = 2.4ct (90% Payout)
- HPH-Trust : No DPU Payout as Semi-Annual Payout Policy
- Indiabulls : Maiden DPU Declared since Listing on 11-Jun-08
- TCT : No DPU Declared since 2H11 ; Last DPU = 5ct on 1H11
- HPH Trust : 1H12 DPU Payout = HK24.05ct ; Above Table Uses IPO Forecast to Compute Yield (Both DPU & Mkt Price in US$)
- 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
- CitySpring : Proposed 11-for-20 Rights Issue @ $0.39. TERP = $0.4835 @ $0.535 (Mkt Price) ; Annualised Yield (Profroma 2FY11) = 6.8% @ TERP (Before Rights = 8.4% @ $0.535)
- PCRT : IPO DPU Forecast – FY11 = 2.35ct ; FY12 = 3.86ct ; Semi-Annual Dividend Payout with 1st Payout for Dec-11 ; Listing on 9-Jun-11 2pm
- HPH Trust : IPO DPU Forecast – FY11 = US5.9ct (HK45.88ct) ; FY12 = US6.59ct (HK51.24ct)
- Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
Month End Prices – 2012
|
REIT |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
|
A-HTrust |
S$0.875 |
S$0.890 |
S$0.910 |
S$0.910 |
S$0.910 |
S$0.940 |
|
A-REIT |
S$2.270 |
S$2.360 |
S$2.410 |
S$2.360 |
S$2.400 |
S$2.370 |
|
AIMSAMPIReit |
S$1.285 |
S$1.305 |
S$1.410 |
S$1.490 |
S$1.425 |
S$1.495 |
|
AscottREIT |
S$1.225 |
S$1.250 |
S$1.255 |
S$1.275 |
S$1.320 |
S$1.360 |
|
Cambridge |
S$0.600 |
S$0.620 |
S$0.640 |
S$0.665 |
S$0.650 |
S$0.675 |
|
CapitaRChina |
S$1.435 |
S$1.480 |
S$1.465 |
S$1.560 |
S$1.540 |
S$1.645 |
|
CCT |
S$1.340 |
S$1.420 |
S$1.495 |
S$1.570 |
S$1.620 |
S$1.685 |
|
CDL HTrust |
S$2.050 |
S$2.030 |
S$2.030 |
S$1.935 |
S$1.925 |
S$1.880 |
|
CLT |
S$1.105 |
S$1.125 |
S$1.250 |
S$1.230 |
S$1.190 |
S$1.240 |
|
CMT |
S$1.960 |
S$1.980 |
S$2.020 |
S$2.110 |
S$2.070 |
S$2.130 |
|
FE-HTrust |
– |
S$0.985 |
S$1.035 |
S$0.985 |
S$0.985 |
S$1.005 |
|
First REIT |
S$0.950 |
S$1.000 |
S$1.050 |
S$1.045 |
S$1.015 |
S$1.060 |
|
Fortune |
HK$5.540 |
HK$5.630 |
HK$5.910 |
HK$6.120 |
HK$6.690 |
HK$6.370 |
|
FrasersComm |
S$1.090 |
S$1.120 |
S$1.175 |
S$1.245 |
S$1.255 |
S$1.320 |
|
FrasersCT |
S$1.800 |
S$1.785 |
S$1.810 |
S$1.955 |
S$1.985 |
S$2.000 |
|
K-REIT |
S$1.110 |
S$1.120 |
S$1.185 |
S$1.190 |
S$1.230 |
S$1.295 |
|
LMIR |
S$0.415 |
S$0.435 |
S$0.455 |
S$0.485 |
S$0.470 |
S$0.490 |
|
MCT |
S$1.070 |
S$1.100 |
S$1.170 |
S$1.210 |
S$1.195 |
S$1.215 |
|
MIT |
S$1.300 |
S$1.360 |
S$1.410 |
S$1.400 |
S$1.375 |
S$1.360 |
|
MLT |
S$1.015 |
S$1.110 |
S$1.125 |
S$1.110 |
S$1.110 |
S$1.145 |
|
PLife |
S$1.960 |
S$1.920 |
S$1.985 |
S$2.040 |
S$2.140 |
S$2.150 |
|
Sabana |
S$1.010 |
S$1.045 |
S$1.145 |
S$1.110 |
S$1.110 |
S$1.140 |
|
Saizen |
S$0.154 |
S$0.158 |
S$0.164 |
S$0.173 |
S$0.173 |
S$0.181 |
|
StarHill Gbl |
S$0.710 |
S$0.735 |
S$0.765 |
S$0.785 |
S$0.755 |
S$0.785 |
|
Suntec |
S$1.445 |
S$1.445 |
S$1.485 |
S$1.605 |
S$1.620 |
S$1.675 |
|
REIT |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
|
A-HTrust |
– |
– |
– |
– |
– |
– |
|
A-REIT |
S$1.865 |
S$2.060 |
S$2.020 |
S$2.080 |
S$2.050 |
S$2.150 |
|
AIMSAMPIReit |
S$1.015 |
S$1.070 |
S$1.125 |
S$1.210 |
S$1.140 |
S$1.200 |
|
AscottREIT |
S$0.990 |
S$1.065 |
S$1.065 |
S$1.120 |
S$1.050 |
S$1.085 |
|
Cambridge |
S$0.510 |
S$0.520 |
S$0.535 |
S$0.540 |
S$0.540 |
S$0.570 |
|
CapitaRChina |
S$1.230 |
S$1.255 |
S$1.235 |
S$1.295 |
S$1.250 |
S$1.310 |
|
CCT |
S$1.075 |
S$1.185 |
S$1.220 |
S$1.290 |
S$1.230 |
S$1.265 |
|
CDL HTrust |
S$1.775 |
S$1.715 |
S$1.735 |
S$1.890 |
S$1.835 |
S$1.950 |
|
CLT |
S$0.985 |
S$1.000 |
S$1.000 |
S$1.035 |
S$1.035 |
S$1.050 |
|
CMT |
S$1.710 |
S$1.800 |
S$1.805 |
S$1.800 |
S$1.815 |
S$1.910 |
|
FE-HTrust |
– |
– |
– |
– |
– |
– |
|
First REIT |
S$0.780 |
S$0.810 |
S$0.860 |
S$0.895 |
S$0.880 |
S$0.915 |
|
Fortune |
HK$3.950 |
HK$3.940 |
HK$3.860 |
HK$4.190 |
HK$4.360 |
HK$4.560 |
|
FrasersComm |
S$0.770 |
S$0.835 |
S$0.840 |
S$0.920 |
S$0.950 |
S$1.000 |
|
FrasersCT |
S$1.435 |
S$1.510 |
S$1.520 |
S$1.595 |
S$1.625 |
S$1.665 |
|
K-REIT |
S$0.880 |
S$0.925 |
S$0.965 |
S$1.000 |
S$0.980 |
S$1.065 |
|
LMIR |
S$0.380 |
S$0.395 |
S$0.405 |
S$0.410 |
S$0.370 |
S$0.400 |
|
MCT |
S$0.865 |
S$0.870 |
S$0.875 |
S$0.910 |
S$0.920 |
S$0.980 |
|
MIT |
S$1.120 |
S$1.180 |
S$1.100 |
S$1.130 |
S$1.150 |
S$1.210 |
|
MLT |
S$0.870 |
S$0.900 |
S$0.945 |
S$0.980 |
S$0.975 |
S$0.980 |
|
PLife |
S$1.775 |
S$1.790 |
S$1.795 |
S$1.850 |
S$1.810 |
S$1.880 |
|
Sabana |
S$0.880 |
S$0.925 |
S$0.955 |
S$0.960 |
S$0.950 |
S$0.975 |
|
Saizen |
S$0.141 |
S$0.142 |
S$0.143 |
S$0.143 |
S$0.139 |
S$0.145 |
|
StarHill Gbl |
S$0.605 |
S$0.610 |
S$0.640 |
S$0.655 |
S$0.625 |
S$0.665 |
|
Suntec |
S$1.125 |
S$1.230 |
S$1.250 |
S$1.310 |
S$1.285 |
S$1.350 |
NOTE
- HTrust was Listed on 27 Jul 12 2PM @ $0.88
- FE-HTrust was Listed on 27 Aug 12 2PM @ $0.93