December 2008
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
Saizen |
FY08 – IPO |
5.30 |
S$0.13 |
40.769% |
S$1.05 |
Residential (Japan) |
|
MI-REIT |
Q2 : Sep-08 |
2.35 |
S$0.255 |
36.863% |
S$1.30 |
Industrial |
|
Cambridge |
Q3 : Sep-08 |
1.49 |
S$0.275 |
21.556% |
S$0.76 |
Industrial |
|
LMIR |
Q3 : Sep-08 |
1.6 |
S$0.31 |
20.484% |
S$0.9598 |
Malls – Indonesia |
|
FrasersComm |
Q3 : Sep-08 |
1.11 |
S$0.235 |
18.809% |
S$1.20 |
Malls + Office (S’pore and Aust) |
|
First REIT |
Q3 : Sep-08 |
1.92 |
S$0.405 |
18.765% |
S$0.9214 |
Hospitals + Hotel (Indonesia) |
|
AscottREIT |
Q3 : Sep-08 |
2.61 |
S$0.58 |
18.000% |
S$1.58 |
Serviced Apts (Regional) |
|
Fortune |
Q3 : Sep-08 |
8.65 |
HK$1.99 |
17.387% |
HK$8.90 |
Malls (HK) |
|
Suntec |
Q4: Sep-08 |
2.854 |
S$0.71 |
15.990% |
S$2.232 |
Malls + Office |
|
CDL HTrust |
Q3 : Sep-08 |
2.93 |
S$0.73 |
15.973% |
S$1.56 |
Hotels |
|
MapleTree |
Q3 : Sep-08 |
1.84 |
S$0.35 |
15.904% |
S$0.84 |
Industrial |
|
CCT |
Q3 : Sep-08 |
3.10 |
S$0.895 |
13.777% |
S$3.11 |
Office |
|
MP REIT |
Q3 : Sep-08 |
1.78 |
S$0.52 |
13.615% |
S$1.59 |
Malls + Office |
|
CapitaRChina |
Q3 : Sep-08 |
2.01 |
S$0.60 |
13.350% |
S$1.16 |
Malls (China) |
|
K-REIT |
Q3 : Sep-08 |
2.34 |
S$0.70 |
13.257% |
S$2.19 |
Office |
|
FrasersCT |
Q4 : Sep-08 |
2.05 |
S$0.63 |
13.016% |
S$1.24 |
Malls |
|
A-REIT |
Q2 : Sep-08 |
4.01 |
S$1.37 |
11.708% |
S$1.81 |
Industrial |
|
CMT |
Q3 : Sep-08 |
3.64 |
S$1.59 |
9.107% |
S$2.39 |
Malls + Office |
|
PLife |
Q3 : Sep-08 |
1.71 |
S$0.76 |
9.013% |
S$1.34 |
Hospitals |
NOTES :
- Mkt Price is as on 31-Dec-08
- Fortune : DPU Not Paid as Semi-Annual Payout Policy
- PLife : Annualised DPU = 6.85ct
- FrasersComm : Annualised DPU = 4.42ct ; DPU Not Paid as Semi-Annual Payout Policy
- Suntec : Annualised DPU = 11.353ct
- Cambridge : Annualised DPU = 5.928ct
- CDL HTrust : Annualised DPU = 11.66ct ; DPU Not Paid as Semi-Annual Payout Policy
- MP REIT : Annualised DPU = 7.08ct
- CRCT : Annualised DPU 8.01ct ; DPU Not Paid as Semi-Annual Payout Policy
- LMIR : Annualised DPU = 6.35ct
- FrasersCT : DPU = 1.59ct + 0.46ct (Income retained from previous quarters)
- CCT : Annualised DPU = 12.33ct ; DPU Not Paid as Semi-Annual Payout Policy
- AscottREIT : DPU Not Paid as Semi-Annual Payout Policy
- MapleTree : Uses MLT-A DPU 0.61ct (Issued on 22-Aug-08) to Compute Annualised Yield in Above Table
- First REIT : Annualised DPU = 7.60ct
- CMT : Annualised DPU = 14.48ct
- KREIT : Annualised DPU = 9.28ct ; DPU Not Paid as Semi-Annual Payout Policy
- Saizen : Actual Payout 4.67ct as per IPO Forecast ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
- KREIT : FY08 DPU Forecast 7.53ct (8-for-5 Rights @ $1.39)
- 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% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
- PLife : IPO Forecast – 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
PacShipTr US$ |
Q3 : Sep-08 |
1.0953 |
US$0.145 |
30.215% |
$0.40 |
Shipping Trust |
|
FSL Trust |
Q3 : Sep-08 |
3.05 |
S$0.49 |
35.803% |
$0.77 |
Shipping Trust |
|
Rickmers |
Q3 : Sep-08 |
2.25 |
S$0.39 |
33.185% |
$0.96 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4380:US$1 fm Yahoo Finance)
- FSL : Annualised DPU 12.2ct
- FSL : SGX Annc (12-May-08) Quarterly DPU Forecast – Q208 US2.77ct ; Q308 US3.05ct
- Rickmers : SGX Annc (5-May-08) Quarterly DPU Forecast (Pg 7) – US 2.25ct (Q308)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
CitySpring |
Q2 : Sep-08 |
1.75 |
$0.50 |
14.000% |
$0.52 |
Infrastructure – Water, Gas |
|
AscendasIndT |
1H : Sep-08 |
3.47 |
$0.455 |
15.253% |
$0.99 |
India – Industrial Park |
|
HWT |
Q3 : Sep-08 |
1.3 |
$0.355 |
14.648% |
$0.78 |
China – Water Plant |
|
Indiabulls |
FY09 – IPO |
5.12 |
$0.26 |
19.692% |
$1.185 |
India – Office |
NOTES :
- HWT : DPU = 0.91ct if No Sponsor waiver ; DPU Not Paid Out as Semi-Annual Payout Policy
- 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)
- HWT : IPO Forecast – 2.09ct (1H08) ; 4.88ct (FY08) / SGX Annc – Pg 12 (Distribution Statement)
- HWT : Listing on 3-Dec-07 2PM
- HWT : IPO Forecast – 4.46ct (FY08) – Sponsor (25% s/h) undertaken to waive entitlement to distributions, else DPU 3.34ct (Yield 4.282% @ $0.78) ; 5.06ct (FY09) – Yield 6.744% @ $0.78
Gearing – December 2008
New Data (Major Shareholders) for the Month
- 23-Dec-08 : LMIR – Penta From 12.99% to 13.07% (22-Dec-08)
- 19-Dec-08 : Saizen – JYHP II from 5.735% to 2.867% (17-Dec-08)
- 17-Dec-08 : Saizen – JPMorgan From 7.98% to 6.86% (16-Dec-08)
- 16-Dec-08 : MI-REIT – UBS from 6.04% to 5.76% (11-Dec-08)
- 10-Dec-08 : CMT – Capital Group from 7.0226% to 6.8822% (3-Dec-08)
|
REIT |
Assets |
Debts |
Gearing |
Shares |
Major Shareholders |
|---|---|---|---|---|---|
|
A-REIT |
S$4572M |
S$1866M |
41.4% |
1,329,618,440 |
Ascendas 26.77% ; Capital Grp 5.82% |
|
AscottREIT |
S$1707M |
S$567M |
34.9% |
608,411,063 |
Temasek 47.17% |
|
Cambridge |
S$983M |
S$369M |
37.6% |
796,405,934 |
Yap Chin Kon – 6.341% ; CWT 8.746% ; Capital Grp 5.9153% ; Schroder 6.054% ; Hunter Hall Inv 5.20% |
|
CapitaRChina |
S$1227M |
S$344M |
31.0% |
619,045,885 |
Capitaland 40.04% (CMT 20%) ; Capital Grp 12.9051% ; Stichting 7.75% |
|
CCT |
S$7013M |
S$2544M |
36.3% |
1,393,357,852 |
Temasek 31.97% ; Stitching 10.67% ; Cohen 5.036% |
|
CDL HTrust |
S$1637M |
S$297M |
19.3% |
828,108,487 |
Hong Leong 39.60% ; Istithmar Hotels 9.7% |
|
CMT |
S$7378M |
S$2500M |
43.3% |
1,666,310,130 |
Temasek 29.65% ; NTUC 6.84% ; Capital Group 6.8822% |
|
First REIT |
S$341M |
S$50.8M |
15.6% |
273,671,344 |
Lippo 20.3% ; RZB 9.2% ; CIM 5.9% |
|
Fortune |
HK$9968M |
HK$2342M |
23.6% |
817,743,259 |
Cheung Kong 32.35% ; Stitching 14.9% ; Temasek 6.93% ; Schroder 6.002% |
|
FrasersCT |
S$1127M |
S$317.5M |
28.1% |
621,376,519 |
F&N 51% ; Stitching 6.04% ; AIA 6.0126% |
|
FrasersComm |
S$1858M |
S$903M |
44.4% |
725,279,945 |
F&N 19.5% ; Capital Grp 10.117% ; Farallon 9.86% |
|
K-REIT |
S$2069M |
S$577M |
27.6% |
649,452,305 |
Temasek 75.16% |
|
LMIR |
S$1322M |
S$125M |
9.5% |
1,065,959,234 |
Lippo 27.1% ; MapleTree 12.0% ; Penta Investments 13.07% ; CPI-Capital 8.5% ; ABN AMRO 6.51% |
|
MacCookIReit |
S$568M |
S$222M |
39.6% |
261,339,834 |
MacCook 15.21% ; UBS 5.76% ; Lion 6.98% ; USS 8.95% |
|
MapleTree |
S$2797M |
S$1023M |
36.9% |
1,939,315,301 |
Temasek 47.45% ; Capital Grp 7.14% ; BOA 7.05% ; Alliance Global Prop 5.01% |
|
MP REIT |
S$2293M |
S$663M |
28.9% |
957,083,544 |
YTL 26.03% ; Morgan Stanley 12.929% ; AIA 11.11% |
|
PLife |
S$1035M |
S$203M |
19.6% |
602,347,000 |
Newbridge 44.9% (Parkway + TPG Capital) ; Sunil 6.03% |
|
Saizen |
JPY57,459M |
JPY24,787M |
36.5% |
450,817,000 |
Central Top 7.776% ; JHYP 23.511% ; JPMorgan 6.86% |
|
Suntec |
S$5833M |
S$1860M |
31.9% |
1,709,199,474 |
Perennial 6.27% ; Shaw 5.81% ; Cheng YT 5.81% |
Notes :
- MapleTree : Not Adjusted for 3-for-4 Rights @ $0.73. New Shares Expected to be Issue on 22-Aug-08 and Starts Trading on 25-Aug-08 ; Proforma Figures – Debts $1062M / Gearing 36.8%
- 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
