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sreitinvestor
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20-Jul-2010 09:09
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Second quarter 2010 results for K-Reit:
Key Points * The DPU for the quarter (2Q 2010) was 1.64 cents. * Total DPU for 1H 2010 was 2.97 cents. * Distributable income rose by 20.0% year‐on‐year to $39.8 million due mainly to higher net property income (“NPI”) and lower interest expense. * NPI increased 39.5% year‐on‐year to $32.3 million due mainly to contribution from the 50% interest in 275 George Street and the additional 29% interest in Prudential Tower. * Distribution Per Unit (“DPU”) for January to June 2010 amounted to 2.97 cents. * 97.9% portfolio committed occupancy as at 30 June 2010 was higher than Singapore Core CBD occupancy of 93.3%. * Aggregate leverage level as at 30 June 2010 post debt repayment of $230 million was 15.2%. * The Transfer Books and Register of Unitholders will be closed at 5.00 pm on 28 July 2010 for the purpose of determining unitholders’ entitlements to distribution. * The distribution that will be paid on 26 Aug 2010. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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sreitinvestor
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19-Jul-2010 09:18
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The standard definition from SGX is: What is a stapled security? A stapled security is an arrangement under which different securities are quoted jointly, for example, shares issued by a company and units issued by a trust. The main feature of stapled securities is that the securities cannot be traded separately as the stapled securities are treated as one security and the combined entity will be traded under one trading name. The trust component of the stapled entity is managed by a responsible entity. The responsible entity is the legal owner of the assets of the trust and is the decision making body of the trust, i.e. the responsible entity performs both the ‘’trustee" and "manager" roles for the trust. There is no difference in the way you trade stapled securities from the way you trade ordinary stocks and shares. http://www.sgx.com/wps/portal/marketplace/mp-en/products/securities_products/stapled_securities For CDL H-Trust, it is actually a stapled group comprising CDL Hospitality Real Estate Investment Trust (H-Reit) and CDL Hospitality Business Trust (HBT). H-Reit is the Reit part of the CDL H-Trust. The Reit leases the hotels to hotel operators. In case a leasee cannot be found for its hotel, HBT will come in as the hotel operator. If i am not wrong, so far there hasn't been a need for HBT to be operational.
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sreitinvestor
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19-Jul-2010 09:10
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Second quarter 2010 results for A-Reit:
Key Points * DPU for the quarter is 3.37 cents. This is computed on the basis that none of the S$300 million convertible collateral loan due February 2017 is converted into A-REIT Units on or before the book closure date. * Net Property Income increased by 8.2% year-on-year to S$87.3 million. * Distributable income of S$63.1 million is 3.5% higher year-on-year. * Continue to achieve positive rental reversion on lease renewals in the sub sectors of Business & Science Parks and Hi-Tech Industrial. * Occupancy rate for the portfolio has remained stable at 95.6%. * As at 30 June 2010, A-REIT has a portfolio of 92 properties and a total asset value of about S$4.9b housing a tenant base of about 930 international and local companies. * The Trust has an average term of debt maturity of 3.5 years and a well balanced debt maturity profile such that only about 39.7% of its total debts outstanding are due for refinancing over the next three years until 2013. * As at 30 June 2010, A-REIT’s aggregate leverage was 34.1%. * The weighted average cost of funding is 3.93%. All of A-REIT’s floating interest rate exposure is fixed for the next 2.9 years. * The Transfer Books and Register of Unitholders will be closed at 5.00 pm on 26 July 2010 for the purpose of determining unitholders’ entitlements to distribution. * The distribution that will be paid on 26 Aug 2010. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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sreitinvestor
Member |
19-Jul-2010 09:07
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Second quarter 2010 results for Cambridge
Key Points * Almost full occupancy rate of 99.97% in 2Q2010, as compared with Singapore’s industrial average of 92.3%. * Total distributable income attributable to Unitholders in 2Q2010 was S$10.8 million, which translated to a distribution per unit (“DPU”) of 1.238 cents. * Completion of the divestments of 27 Pandan Crescent, 37 Tampines Street 92 and 17 strata units at 48 Toh Guan Road East with total gross sale proceeds of S$31.3 million, exceeding book value by S$1.1 million. * Distribution Reinvestment Plan (“DRP”) was implemented to strengthen the balance sheet. The 1Q2010 DRP received a take-up rate of approximately 14%, an increase from 10% in 4Q2009. * The Transfer Books and Register of Unitholders will be closed at 5.00 pm on 23 July 2010 for the purpose of determining unitholders’ entitlements to distribution. * The distribution that will be paid on 8 September 2010. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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battouchai
Member |
23-Jun-2010 09:24
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g am all.. can anyone explain what is this "stapled Securities" as annc in teh CDL Trust? thanks in advance | ||
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sreitinvestor
Member |
22-Jun-2010 23:15
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CDL HOSPITALITY TRUSTS ANNOUNCES PRIVATE PLACEMENT OF S$150 MILLION * Private placement of new stapled securities in CDLHT at an issue price of between S$1.71 and S$1.77 per new stapled security to raise a minimum gross proceeds of S$150.0 million. * the Manager intends to use approximately S$116.3 million of the net proceeds from the private placement to repay the Singapore dollar portion of the one-year bridging facility that was used to finance the recent acquisition of Australian properties comprising Novotel Brisbane, Mercure Brisbane, Ibis Brisbane, Mercure Perth and Ibis Perth in 1Q 2010. * The balance of the proceeds will be used to reduce debt levels arising from the partial utilisation of a S$80.0 million committed revolving credit facility from DBS Bank Limited, payment of transaction expenses in connection with the private placement of new stapled securities and general corporate or working capital purposes. * the gearing level is expected to be reduced from 30.9% to 22.6% following the private placement. * There will be an advanced distribution which is approximately 4.8 cents per unit. The actual quantum of the DPU will be announced on a later date after the management accounts of H-REIT for the relevant period have been finalised. * Based on the minimum amount of New Stapled Securities to be issued pursuant to the Private Placement, the number of units in CDL H-Trust in issue will increase by 84,750,000, which is an increase of 10.1% of the total number of units in issue as at 22 June 2010. * There will be an advance distribution for existing share holders of approximately 4.8 cents per unit. The actual amount will be announced on a later date after the management accounts of the relevant period have been finalised. The book closure date for the advance distribution is on 30 Jun 2010, and the payment of the advance distribution is on 27 Aug 2010. http://sreitinvestor.blogspot.com |
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sreitinvestor
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15-May-2010 22:54
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Thanks for the encouragement. Yes it does take me some time, but the information is mainly from my research on REITs. I just thought of sharing the info a blog.
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sreitinvestor
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15-May-2010 16:42
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Comparison of Q1 2010 DPU and the previous quarter:
Excluded those that do not have meaningful comparison due to rights issue. http://sreitinvestor.blogspot.com/p/dpu.html |
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sreitinvestor
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15-May-2010 16:33
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Comparison of Q1 2010 DPU and the previous quarter: Code: REIT DPU cents DPU cents (Previous Q) (Current Q) AscendasReit 3.270 2.730 AscottReit 1.870 1.660 Cambridge 1.377 1.274 CapitaComm 1.880 1.930 CapitaMall 2.400 2.231 CapitaRChina 2.040 2.140 CDL H-Trust 2.670 2.320 FirstREIT 1.920 1.900 FrasersComm 0.240 0.320 FrasersCT 1.910 2.060 LippoMapleTrust 1.160 1.200 MapleTreeLog 1.590 1.500 PLife 2.050 2.070 Starhill Gbl 0.970 0.950 Suntec 2.886 2.513 Excluded those that do not have meaningful comparison due to rights issue. http://sreitinvestor.blogspot.com/p/dpu.html | ||
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left_bug
Senior |
13-May-2010 11:10
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Been to your blog and read your posts on the basics. Very informative and helpful, thanks. You really spend a lot of time on your blog. Keep up the good work. | ||
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sreitinvestor
Member |
13-May-2010 00:16
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First quarter 2010 results for AIMS AMP CAP INDUSTRIAL REIT:
Key Points * DPU of 0.5376 cents for 1Q 2010. * Distribution to Unitholders of S$7.9 million for the quarter. * Gross revenue was up 19.4% period-on-period to S$15.6 million in 4QFY2010, reflecting the full quarterly rental income contribution from 1A IBP which was acquired in 3QFY2010 and 80 days rental income contribution from the four AMP Capital properties which were acquired in 4QFY2010. * Net property income was up 28.2% period-on-period to S$11.9 million in 4QFY10 and up 8.9% year-on-year to S$40.1 million in FY2010. * The amount available for distribution was up by 57.9% period-on-period to S$7.9 million in 4QFY2010 and was slightly down by 4.6% year-on-year to S$22.3 million for FY2010. * Portfolio occupancy is 96.0%, which compares favourably with the Singapore industrial average of 91.2%. * Aggregate leverage of 28.9% as at 31 March 2010. * A robust net asset value (NAV) of 31 cents per unit as at 31 March 2010. * Property portfolio of 26 properties with an independently assessed total value of S$635.25 million. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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sreitinvestor
Member |
13-May-2010 00:08
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First quarter 2010 results for Saizen Reit:
Key Points * Property operations in the third quarter ended 31 March 2010, which has been the busy leasing season, remained stable with overall occupancy rate remaining healthy at 93.4% at the end of March 2010. * Financial position continued to strengthen with repayment of loans and establishment of new banking relationships. * Repaid all but one commercial mortgage-backed securities (CMBS) loan. * Have turned the corner and have begun cash accumulation in May 2010 for distribution for the financial year ending 30 June 2010. Unitholders can expect to receive it in September 2010. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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sreitinvestor
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06-May-2010 22:57
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First quarter 2010 results for Parkway Life Reit:
Key Points * DPU increases 9.7% to 2.07 cents for 1Q 2010. * Gross revenue increases 14.1% to S$18.6 million. * Net property income increases 13.4% to S$17.2 million. * Higher revenue was due primarily to additional revenue contribution amounting to S$1.8 million from the eight nursing homes acquired in Japan in 4Q 2009, as well as higher rent from the existing properties. * As at 31 March 2010, PLife REIT’s gearing was 28.2%. * Well-positioned for growth on improving economy and growing regional healthcare demand. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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sreitinvestor
Member |
06-May-2010 22:55
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First quarter 2010 results for Lippo-Mapletree Indonesia Retail Trust:
Key Points * DPU of 1.20 cents for 1Q 2010. * Distributable Income of S$12.9 million for the three months ended 31 March 2010 (1Q 2010) is 11.5% below 1Q 2009. * Revenue was 15.7% higher year on year due to the effect of foreign exchange rates used for translating revenues denominated in Indonesian Rupiah into Singapore Dollars. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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sreitinvestor
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06-May-2010 22:54
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First quarter 2010 results for Fortune Reit:
Key Points * DPU of 6.38 HK cents for the quarter. * Total Revenue for 1Q 2010 was HK$209.1 million, 24.3% higher compared to the same quarter last year. * Net Profit of the Property Companies was HK$100.1 million, representing a 19.5% increase compared to the same period last year. * Income Available for Distribution for the Reporting Period was HK$106.2 million, 28.2% higher than the corresponding period last year. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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sreitinvestor
Member |
01-May-2010 06:42
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First quarter 2010 results for CDL H-Trust:
Key Points * Gross revenue increased 18.1% to S$26.6 million * Income available for distribution per Stapled Security rose 18.3% to 2.58 cents. * Strong RevPAR growth of 15.8% to S$174 for Singapore Hotels. * Continuation of robust growth in hospitality demand on the back of strong tourism drivers boosted by the phased opening of the Integrated Resorts. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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sreitinvestor
Member |
01-May-2010 06:38
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First quarter 2010 results for Ascott Reit:
Key Points * DPU of 1.66 cents for the quarter. * Unitholders' distribution is S$10.3 million. * The Reit achieved revenue of S$43.5 million and gross profit of S$20.1 million for the period January to 31 March 2010, which are respectively 3 percent and 1 percent higher than the same period last year. * Increase in revenue is mainly led by better performance in Philippines, Singapore and China, with revenue per available unit (RevPAU) growth of 8 percent, 7 percent and 1 percent respectively in 1Q 2010 compared to 1Q 2009. * The Reit has accelerated asset enhancement initiatives to enhance the long term returns of selected properties in Singapore, China and Vietnam. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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sreitinvestor
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27-Apr-2010 23:40
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First quarter 2010 results for SUNTEC Reit:
Key Points * Suntec REIT achieved Distribution Income of S$45.37m for 1Q FY10. * DPU of 2.513 cents for the quarter. * For 1Q FY10, Suntec REIT achieved gross revenue of S$62.5 million, and net property income of S$47.8 million. * The income available for distribution of S$45.4 million was 2.1% lower year-on-year. * Gross office revenue achieved for the quarter was S$29.3 million, comprising Suntec City office revenue of S$27.1 million and Park Mall office revenue of S$2.2 million. * As at 31 March 2010, the committed occupancy for the overall office portfolio strengthened further to 96.9%. * Gross retail revenue achieved for the quarter was S$33.1 million, comprising Suntec City retail revenue of S$26.8 million and revenue from Park Mall and Chijmes of S$6.3 million. * As at 31 March 2010, the committed occupancy for the retail portfolio stood at 97.2%. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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sreitinvestor
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26-Apr-2010 23:15
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First quarter 2010 results for Starhill Global: Key Points * 1Q 2010 income to be distributed was S$18.4 million, 2.0% higher than that of S$18.0 million in 1Q 2009. * DPU for the period 1 January to 31 March 2010 is 0.95 cents. * Gross revenue in 1Q 2010 was S$37.6 million, 9.6% higher than that achieved in 1Q 2009. * Net property income was higher at S$29.1 million, an increase of 7.7% over 1Q 2009, mainly attributed to contribution from the newly acquired David Jones Building in Australia, partially offset by weaker performance from the Japan properties. * Outstanding debt was S$702.3 million as of 31 March 2010, of which S$570.0 million or 81.2% matures in September 2010. * As of 1Q 2010, gearing is at 29.3% and its interest cover ratio stands at a 4.6 times. * Moody’s and Standard & Poor’s have accorded Starhill Global REIT corporate family ratings of Baa2 and BBB respectively. * Committed occupancy for the quarter: o Singapore retail space was 99.3%. o 100% occupancy for the Chinese property. o 100% occupancy for the Australian property. o Overall occupancy for the seven Japanese properties was 88.6%. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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sreitinvestor
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24-Apr-2010 16:23
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First quarter 2010 results for Frasers Centrepoint Trust:
Key Points * FCT's 2Q10 DPU rose 11% y-on-y to 2.06 cents. * Record 2Q10 income available for distribution of $15.9 million, which represents an increase of 31% from the same period last year. * Achieved record quarterly gross revenue and net property income of $28.3 million and $20.4 million respectively this quarter. * Successfully acquired Northpoint 2 & YewTee Point on 5 February 2010, with total assets growing 26% to $1.5 billion as a result. * Gearing at a conservative 31.4% level as at 31 March 2010. * FCT maintained strong operational momentum with portfolio occupancy rising to 99% as the existing and the newly acquired malls registered full or close to full occupancy as at 31 March 2010. http://sreitinvestor.blogspot.com/p/date-of-results-release.html |
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