June 2009
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
Saizen |
FY08 – IPO |
5.30 |
S$0.13 |
40.769% |
S$0.85 |
Residential (Japan) |
|
MI-REIT |
Q4 : Mar-09 |
1.875 |
S$0.33 |
22.727% |
S$1.09 |
Industrial |
|
CCT |
Q1 : Mar-09 |
3.24 |
S$0.82 |
16.024% |
S$2.91 |
Office |
|
LMIR |
Q1 : Mar-09 |
1.36 |
S$0.355 |
15.324% |
S$0.7273 |
Malls – Indonesia |
|
Cambridge |
Q1 : Mar-09 |
1.291 |
S$0.35 |
14.960% |
S$0.73 |
Industrial |
|
Suntec |
Q2 : Mar-09 |
2.918 |
S$0.86 |
13.760% |
S$1.972 |
Malls + Office |
|
FrasersComm |
Q1 : Mar-09 |
0.72 |
S$0.24 |
12.167% |
S$0.79 |
Malls + Office (S’pore and Aust) |
|
First REIT |
Q1 : Mar-09 |
1.88 |
S$0.63 |
12.095% |
S$0.9297 |
Hospitals + Hotel (Indonesia) |
|
Starhill Gbl |
Q1 : Mar-09 |
1.87 |
S$0.635 |
11.937% |
S$1.41 |
Malls + Office |
|
Fortune |
Q1 : Mar-09 |
10.06 |
HK$3.74 |
10.759% |
HK$7.47 |
Malls (HK) |
|
MapleTree |
Q1 : Mar-09 |
1.47 |
S$0.555 |
10.595% |
S$0.88 |
Industrial |
|
AscottREIT |
Q1 : Mar-09 |
1.77 |
S$0.68 |
10.559% |
S$1.51 |
Serviced Apts (Regional) |
|
K-REIT |
Q1 : Mar-09 |
2.38 |
S$0.975 |
9.897% |
S$2.20 |
Office |
|
CDL HTrust |
Q1 : Mar-09 |
1.97 |
S$0.83 |
9.627% |
S$1.39 |
Hotels |
|
FrasersCT |
Q2 : Mar-09 |
1.86 |
S$0.865 |
8.601% |
S$1.23 |
Malls |
|
PLife |
Q1 : Mar-09 |
1.89 |
S$0.925 |
8.173% |
S$1.32 |
Hospitals |
|
A-REIT |
Q4 : Mar-09 |
3.23 |
S$1.59 |
8.126% |
S$1.58 |
Industrial |
|
CapitaRChina |
Q1 : Mar-09 |
2.14 |
S$1.07 |
8.112% |
S$1.22 |
Malls (China) |
|
CMT |
Q1 : Mar-09 |
1.97 |
S$1.40 |
5.707% |
S$1.65 |
Malls + Office |
NOTES :
- Mkt Price is as on 30-Jun-09
- FCOT : Proposed 3-for-1 Rights @ $0.095
- StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 24-Jul-09)
- CCT : 1-for-1 Rights @ $0.59 (xr 3-Jun-09)
- Saizen : 11-for-10 Rights @ $0.09 with Attached Warrants (xr 4-May-09)
- CMT : 9-for-10 Rights @ $0.82 (xr 4-Mar-09)
- Saizen : No Payout since 1H09 (Dec-08) ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
- PLife : Annualised DPU = 7.56ct
- Fortune : DPU Not Paid Out as Semi-Annual Div Payout Policy
- CDLHTrust : Annualised DPU = 7.99ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
- FrasersComm : Annualised DPU = 2.92ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
- CCT : Annualised DPU = 13.14ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
- Suntec : Annualised DPU = 11.834ct
- StarHill Gbl : Annualised DPU = 7.58ct
- Cambridge : Annualised DPU = 5.236ct
- LMIR : Annualised DPU = 5.44ct
- FrasersCT : 95% Payout
- FirstREIT – Annualised DPU 7.62ct
- ART – Annualised DPU = 7.18ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
- KREIT : Annualised DPU = 9.65ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
- CRCT : Annualised DPU = 8.68ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
- AREIT : DPU = 2.5ct (21-Jan-09 to 31-Mar-09) + 0.73ct (1-Jan-09 to 20-Jan-09) Already Paid ; Performance Fees in Cash (Not in New Units) Else DPU = 3.8ct ; Preferential Offer 1-for-15 @ $1.16 + Private Placement (258M New Units) Right for DPU from 21-Jan-09 – Listed on 13-Feb-09
- CMT : Annualised DPU = 7.99ct ; NAV and DPU are Post-Rights Issue (9-for-10 @ $0.82) Right for Q1 DPU – Listed on 3-Apr-09
- CCT : FY09 DPU (Projected) = 12.34ct – SGX Annc 9-Jun-08 (Pg 23)
- LMIR : IPO Forecast – FY07 (Dec07) : 2.74ct (Annualised for 1-Jul-07 to 31-Dec-07) ; FY08 : 5.84ct ; FY09 : 6.27ct
- Saizen : IPO Forecast – FY09 (Jun09) : 5.65ct ; FY08 (Jun08) : 4.67ct (Incl. Bonus Div) / Annualised Yield 5.3% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
- PLife : IPO Forecast – 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
PacShipTr US$ |
Q1 : Mar-09 |
0.98 |
US$0.235 |
16.681% |
$0.38 |
Shipping Trust |
|
FSL Trust |
Q1 : Mar-09 |
2.45 |
S$0.61 |
23.244% |
$0.73 |
Shipping Trust |
|
Rickmers |
Q1 : Mar-09 |
2.14 |
S$0.525 |
23.590% |
$0.84 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4468:US$1 fm Yahoo Finance)
- Rickmers : 46% Payout
- PST : 90% Payout
- FSL : Annualised DPU 9.8ct (73% Payout)
- FSL : SGX Annc (21-Apr-09) Quarterly DPU Forecast – Q209 US2.45ct (75% Payout)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
CitySpring |
Q4 : Mar-09 |
1.75 |
$0.655 |
10.687% |
$0.28* |
Infrastructure – Water, Gas |
|
AscendasIndT |
2H : Mar-09 |
4.07 |
$0.69 |
11.797% |
$0.89 |
India – Industrial Park |
|
HWT |
Q1 : Mar-09 |
1.15 |
$0.53 |
8.679% |
$0.841 |
China – Water Plant |
|
Indiabulls |
FY09 : Mar-09 |
— |
$0.265 |
— |
$0.7377 |
India – Office |
NOTES :
- Indiabulls : No DPU Declared
- CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.58
- CitySpring : DPU Forecast – FY10 (Mar) = 7ct
- HWT : DPU – Without Sponsor Waiver ; DPU Not Paid Out as Semi-Annual Div Payout Policy
- HWT : DPU Forecast – 1H09 = 2.56ct ; 2H09 = 2.86ct
- Indiabulls : Listing on 11-Jun-08 2PM
- Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)
Gearing – June 2009
New Data (Major Shareholders) for the Month
- 18 Jun 09 : MI-REIT – MacCook from 16.11% to 15.85% (15-Jun-09)
- 15 Jun 09 : Saizen – CCL from 6.013% to 5.537% (5-Jun-09)
- 11 Jun 09 : FCOT – Farallon from 7.2504% to 6.2200% (8-Jun-09)
- 11 Jun 09 : Suntec – ASEAN Inv from 5.4461% to 5.6801% (9-Jun-09)
- 8 Jun 09 : FCOT – Farallon from 8.0501% to 7.2504% (4-Jun-09)
- 6 Jun 09 : Saizen – V-Nee Yeh from from 13.257% to 20.201% (3-Jun-09)
- 5 Jun 09 : FCOT – Farallon from 9.1626% to 8.0501% (2-Jun-09)
- 1 Jun 09 : MI-REIT – MacCook from from 14.61% to 16.11% (26-May-09)
|
REIT |
Assets |
Debts |
Gearing |
Shares |
Major Shareholders |
|---|---|---|---|---|---|
|
A-REIT |
S$4548M |
S$1590M |
35.5% |
1,683,473,034 |
Ascendas 22.71% ; Capital Grp 5.82% ; FMR 5.54% |
|
AscottREIT |
S$1734M |
S$648M |
38.7% |
613,597,000 |
Temasek 48.0% |
|
Cambridge |
S$979M |
S$390M |
39.9% |
796,405,934 |
Yap Chin Kon – 6.341% ; CWT 8.746% ; Capital Grp 5.9153% ; Schroder 5.99% ; Hunter Hall Inv 5.20% |
|
CapitaRChina |
S$1334M |
S$420M |
33.1% |
621,549,606 |
Capitaland 40.04% (CMT 20%) ; Capital Grp 9.8582% ; Stichting 7.75% |
|
CCT |
S$6865M |
S$2633M |
38.3% |
1,400,410,007 |
Temasek 31.97% ; Stitching 9.6% ; Cohen 5.036% |
|
CDL HTrust |
S$1506M |
S$297M |
19.7% |
833,653,145 |
Hong Leong 40.06% |
|
CMT |
S$7494M |
S$3154M |
43.1% |
3,174,041,467 |
Temasek 29.65% ; NTUC 5.98% ; Capital Grp 5.5533% |
|
First REIT |
S$339M |
S$50.8M |
15.6% |
274,694,790 |
Lippo 20.3% ; RZB 9.2% ; CIM 5.9% |
|
Fortune |
HK$8830M |
HK$2349M |
26.6% |
823,118,206 |
Cheung Kong 32.35% ; Stitching 14.9% ; Temasek 6.93% ; Schroder 6.002% |
|
FrasersCT |
S$1147M |
S$340M |
29.7% |
624,552,061 |
F&N 51% ; Stitching 6.04% ; AIA 6.0126% |
|
FrasersComm |
S$1621M |
S$946M |
58.3% |
750,663,293 |
F&N 22.21% ; Farallon 6.22% |
|
K-REIT |
S$2073M |
S$578M |
27.6% |
657,543,286 |
Temasek 75.16% |
|
LMIR |
S$1008M |
S$125M |
12.3% |
1,071,229,413 |
Lippo 27.1% ; MapleTree 12.0% ; Penta Investments 15.01% ; CPI-Capital 8.5% ; ABN AMRO 6.51% ; Sumitomo 5.03% |
|
MacCookIReit |
S$544M |
S$224M |
41.2% |
266,385,094 |
MacCook 15.85% ; UBS 5.76% ; Lion 6.98% ; USS 8.95% |
|
MapleTree |
S$3115M |
S$1211M |
38.3% |
1,939,315,301 |
Temasek 47.45% ; Capital Grp 7.14% ; BOA 7.05% ; Alliance Global Prop 5.01% |
|
PLife |
S$1074M |
S$248M |
23.0% |
603,130,000 |
Newbridge 44.9% (Parkway + TPG Capital) ; Sunil 6.03% |
|
Saizen |
JPY49,075M |
JPY22,733M |
36.5% |
451,986,693 |
V-Nee Yeh (ASM, HCL) 20.201% ; Cube Capital 5.537% |
|
Starhill Gbl |
S$2155M |
S$670M |
31.1% |
963,776,706 |
YTL 26.03% ; Morgan Stanley 5.748% ; AIA 11.11% |
|
Suntec |
S$5419M |
S$1877M |
34.4% |
1,726,123,158 |
Asean Inv 5.6801% ; Perennial 5.61% ; Shaw 5.81% ; Cheng YT 5.81% |
Notes :
- This table will be updated only as and when new data are available
- The Major Shareholders data may not be uptodate. Pls chk SGX Annc to verify
- CMT – Gearing = 29.2% post-rights (9-for-10) Assuming Proceeds fm Rights Issue Are Used to Pay Down Debts When they are Due