Showing posts with label REITs. Show all posts
Showing posts with label REITs. Show all posts

Monday, October 10, 2016

Read This before Invest in Phillip REITs ETF IPO


Many of our friends is asking How can they Subscribe the Phillip Reits ETF IPO - the full name is actually "Phillip SGX APAC ex-Japan REIT ETF"
(IPO = Initial Public Offering)

Whats the Benefit of this ETF, why not i just buy reits off the market?
- Yes, you can buy individual reits off the market, however sometimes if you want to have a diversified portfolio by have more Reits in your portfolio. This ETF consist of 30 Reits, which means by buying 1 ETF counter, you are owning 30 different reits. This means lower cost for you, instead of paying commission for purchasing 30 reits, now you just pay 1 time.

Quality REITs in Asia EX Japan
The ETF will weight and rebalance its investment basket based on the dividend payment of the REITs, ensuring only the top quality and highest dividend paying REITs are invested in, and poor performers weeded out. You can be assured of exposure to a diversified group of top 30 APAC ex-Japan REITs paying sustainable dividends.
Liquidity and Transparency
Being an ETF, the units can be traded in the exchange, which allows a higher level of liquidity compared to traditional unit trusts. The whole constituent list is also easily accessible allowing transparency.
Low Cost
As a passively managed fund, the annual management fee is only 0.50%. There are no sales charges applicable. (Brokerage charges may apply) 
Reputable Index Provider

SGX Index Edge, one of the reliable index providers in Asia manages the index. 
How often will i get Dividend
- Semi-Annually

How much is the Dividend Yield?
The fund target a gross Yield of 5.07%pa

1)      Able to use CPF or SRS to subscribe for this IPO?
Ans: NO.

2)      Are investors able to use ATMs to subcribe?
Ans: NO.

3)      Are investors able to EPS to cash trading account?
Ans: YES.

4)      Must the investors pass CAR/CKA for this ETF?
Ans: NO. This ETF is an Excluded Investment Product (EIP)

5)      What is the minimum number of shares to subscribe?
Ans: 1000 shares 

6)      Is there placement fee or commission?
Ans: NO.  Investors just pay the full amount of what he/she wants

7)      Then how I calculate the amount for the investor to transfer the funds?
Ans: 1000 x US$ 1.10 (max price) x 1.40 (indicative exchange rate) = SGD $ 1,540

8)      Can investors deduct existing USD$ from his/her KC/margin/custodian/financing accounts?

Ans: YES. 1000 x US$ 1.10 (max price) = USD$ 1,100.

Key Highlights from Fund Info Sheet
Methodology
 The Fund tracks the index which is a fundamentally weighted index that comprises the 30 highest total dividend paying Real Estate Investment Trust (REITs) in the Asia Pacific ex-Japan region
 Total dividends refer to each constituents’ trailing 12 month dividend per share (USD) multiplied by the free float number of outstanding shares
Membership
 Countries eligible for inclusion: Australia, China, Hong Kong, India, Indonesia, Malaysia, New Zealand, Philippines, Singapore , South Korea, Taiwan and Thailand.
 Constituents are subject to a minimum free-float market capitalisation of US$ 300 million & a proportion of free-float market capitalisation greater than 20%. Maximum weight of a constituent will be 10%
 The fund has a high representation of the APAC ex Japan REITs universe (> 70 %) by market capitalisation
Key Benefits
 Low cost, easy access to a diversified and liquid basket of REITs across the Asia Pacific Region
 Tracks the performance of the 30 highest total dividend-paying REITs
 Offers investors significant dividend income paid semi-annually

Phillip SGX APAC ex-Japan REIT ETF has lodged its IPO preliminary prospectus with the Monetary Authority of Singapore (“MAS”) in conjunction with its plans to list its Units on SGX-ST Mainboard. Kindly be informed that we are offering the USD tranche only during this IPO offering period.

INFORMATION ON THE IPO:

The investment objective of the Fund is to seek to provide a high level  of  income  and  moderate  long-term  capital appreciation  by  tracking,  as  closely  as  possible,  before expenses,  the  performance  of  the  SGX  APAC  Ex-Japan Dividend  Leaders  REIT  Index  (the  "Index"). 

By  tracking  the  Index which is ranked and weighted by total dividends, the Fund aims to provide  investors  with  risk-adjusted  returns  that  are  superior  to traditional  market  capitalisation-weighted  indices  as  the  30  REITs comprising the Index will be ranked and weighted according to the  highest  total  dividends  paid  in  the  preceding  12  months subject  to  size,  free-float  market  capitalisation  and  liquidity  constraints.

Where to see the Prospectus?
Here is the link to download for the REITS ETF prospectus and product highlight sheet on MAS website
https://opera.mas.gov.sg/ExtPortal/Public/CIS/ViewSchemeDetail.aspx?schemeID=f2cbe5ff13324236b80f2c6128b919ab

During the initial offer period (05 October to 13 October 2016), you can place your orders by contacting your trading representatives.
Or you can call the following numbers of our participating dealers to help you in placing your order
Tel: 68121560
Feel free to Email us for more question!

INDICATIVE TIMETABLE:

Roadshow / Bookbuilding :            6th Oct to 13th  Oct
MAS registration :                           31st Aug 2016
Public Offer :                                    6th Oct 2016
Listing  on SGX mainboard          20th Oct 2016

INDICATIVE OFFERING PRICE RANGE:  USD0.88-USD1.10 per unit

Component/ Constituent Weightings of the Index 

As at 29 September 2016, the constituent REITs of the SGX APAC Ex-Japan Dividend Leaders REIT Index are:- 

Source: SGX Index Edge

Thursday, December 10, 2015

Singapore High Yield Mid Cap Stocks through 2015


  • The FTSE ST Mid Cap Index comprises the companies below the top 70%, but within the top 90% of the Index Universe by full market capitalisation, capturing the performance of the mid-capitalised companies trading on the SGX Mainboard.
  • The five highest yielding stocks of the Index are Asian Pay Television Trust, Keppel Infrastructure Trust, OUE Hospitality Trust, CDL Hospitality Trusts and China Merchants Holdings (Pacific). Together, these five stocks currently maintain a 12-month dividend yield of 9.0%.
  • Of the five above-mentioned stocks, three distribute dividends on a quarterly basis, and two on a semi-annual basis.
The FTSE ST Mid Cap Index comprises the companies below the top 70%, but within the top 90% of the Index Universe by full market capitalisation. The index is a free float adjusted market-capitalisation weighted index representing the performance of the mid-capitalised companies trading on the SGX Mainboard, which pass the size, free float, and liquidity screens. As of 30 Nov 2015, there were 49 constituents in the Index.

The FTSE ST Mid Cap Index has a combined market capitalisation of S$105.6 billion, and generated year-to-date and three-year total returns of negative 6.4% and 0.9% respectively. The index currently maintains a dividend yield of 4.8%, 107 bps higher compared to the MSCI Asia ex Japan Mid Cap Index at 3.1%.

The five highest-yielding stocks of the FTSE ST Mid Cap Index are Asian Pay Television Trust, Keppel Infrastructure Trust, OUE Hospitality Trust, CDL Hospitality Trusts and China Merchants Holdings (Pacific). These five stocks represent 7.2% of the Index, and maintained a 12-month dividend yield of 9.0% as of yesterday’s close.

The table below details the five highest-yielding stocks of the FTSE ST Mid Cap Index. Click on each stock to visit its profile page on SGX StockFacts.

Asian Pay Television Trust
Asian Pay Television Trust owns, operates, and maintains pay-TV and broadband businesses in Taiwan, Hong Kong, Japan, and Singapore. The company provides basic cable TV, and premium digital cable TV services; and value-added services, such as broadband Internet access and cable telephony services, as well as premium digital television programming to households and businesses. It serves approximately 1.1 million homes.

Keppel Infrastructure Trust
Keppel Infrastructure Trust is a listed business trust, and invests in a diversified portfolio of core infrastructure assets located in jurisdictions with well-developed legal frameworks that support infrastructure investment. The portfolio consists of nine infrastructure businesses located across Singapore and Australia.

OUE Hospitality Trust
OUE Hospitality Trust invests, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for hospitality and/or hospitality-related purposes, as well as real estate-related assets. Real estate used for hospitality purposes includes hotels, serviced residences, resorts and other lodging facilities, and may include commercial, entertainment, retail and leisure facilities. Properties used for hospitality-related purposes include retail and/or commercial assets. The asset portfolio consists of three hospitality properties located in Singapore.

CDL Hospitality Trusts
CDL Hospitality Trusts is stapled group comprising CDL Hospitality Real Estate Investment Trust and CDL Hospitality Business Trust, and invests in a portfolio of hospitality and/or hospitality-related income-producing real estate assets. It owns 15 hotels and 2 resorts across Singapore, Australia, New Zealand, The Maldives, Japan and the UK, which are valued at S$2.5 billion collectively.

China Merchants Holdings (Pacific)
China Merchants Holdings (Pacific) invests in, manages, and operates toll roads in the People’s Republic of China. The company operates through two segments, Toll Road Operations and Property Development. It currently operates eight toll roads totalling 567 kilometres, located in the Zhejiang province, Jiangxi Province, Guangxi Zhuang Autonomous Region and Guizhou province. The company also provides management and technical services in toll road and other infrastructure related businesses. In addition, it is involved in the development of land, and the construction and sale of residential housing.

Source: My Gateway

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Thursday, August 13, 2015

Singapore Healthcare Index Chalked Up 19.6% Total Return in First 7 Months of 2015

SGX Healthcare Index Chalked Up 19.6% Total Return in First 7 Months of 2015
  • During the month of July, the SGX Healthcare Index declined 1.5% to take its year to date total return to 19.6%. The Index is made up of 29 Healthcare plays and includes two REITs and a Business Trust.
  • On July 22, a new healthcare play, iX Biopharma, listed on the Catalist board. The stock closed 21.7% above its offer price on the first day of trading. As of Friday, the stock had moved to 9.8% below its offer price at 41.5 cents.
Singapore’s Healthcare Sector includes companies that provide hospital, clinical and ancillary services to providers of medical supplies, ranging from cleanroom attire to high-tech medical equipment and providers of pharmaceuticals, including western and traditional Chinese medicines.

Providing a benchmark for the expanding sector, the SGX Healthcare Index is an indicative index computed by Singapore Exchange (SGX), and weightings of component stocks are capped at a maximum of 10% at each semi-annual rebalance so that it is better diversified across a range of companies.

Due to the relative market capitalisations of the 29 securities, the six largest constituents currently account for approximately 60% of the index weight. These six stocks- namely,  IHH Healthcare Berhad, Raffles Medical Group, Haw Par Corporation, Parkway Life Real Estate Investment Trust, Tianjin Zhongxin Pharmaceutical Group Corporation and Biosensors International Group, were discussed in last month’s Market Update - Six Largest Stocks in SGX Healthcare Index Averaged Total Returns of 19% YTD (click here).

The objective of the Index is to capture a broad representation of the healthcare segment, and complements the healthcare stocks under the two classification standards – Global Industry Classification Standard (GICS®) and Industry Classification Benchmark (ICB). These 29 components are categorised across sub-industries including healthcare equipment, healthcare supplies, healthcare distributors, healthcare services, healthcare facilities, pharmaceuticals, office services & supplies, and healthcare REITs.

The charts below illustrates the performance of the Index on a total return basis since a base price of 1000 on 30 June 2011. The Index closed Friday at 2198.6.

Largest Index Constituents in July
The 20 largest healthcare plays are detailed in the table below. Please note that clicking on a stock name will take you to its relevant profile page on StockFacts. A total of 19 of these 20 stocks are included in the SGX Healthcare Index and make up the majority weighting of the Index.
Source: SGX StockFacts (data as of 31 July 2015). *Please note not included in SGX Healthcare Index as stock was listed in July. 

These stocks averaged a 3.7% decline over July, with the positive performances of three of the Index’s heavyweights accounting for the lesser decline of the Index at 1.5%. Other stocks that are included in the SGX Healthcare Index are Techcomp (Holdings), UG Healthcare Corporation, Singapore Medical Group, Vicplas International, AsiaMedic, Medtecs International Corporation, Suntar Eco-City, STAR Pharmaceutical, Pharmesis International and Pacific Healthcare Holdings.

iX Biopharma was listed on Catalist last month. The stock closed Friday at 41.5 cents, 9.8% below the offer price and offer details can be found here. The company focuses on the development and commercialisation of innovative therapies for pain management and male erectile dysfunction. The Company leverages its patented sublingual drug delivery technology, WaferiXTM, to develop proprietary products that incorporate FDA-approved pharmacologically active compounds. The Group currently have three drugs under development – Wafermine™, Wafernyl™ and PheoniX™.

The Group operates an integrated business model encompassing drug development, manufacturing and supply.

Source: My Gateway

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Tuesday, July 14, 2015

Singapore stock dividend: Billionaire Plays with Dividend Yields Above 3%

  • There are currently 50 actively traded stocks listed on SGX with a market capitalisation of S$1 billion or more, that maintain an average dividend yield greater than or equal to 3.0%.
  • The five best performers in terms of dividend-adjusted total returns in the year thus far were Yuexiu Property Company, Sheng Siong Group, SATS, First Real Estate Investment Trust, and Starhill Global REIT.
  • In terms of indicative yields, the five best stocks were Asian Pay Television Trust, Venture Corporation, Hutchison Port Holdings Trust, OUE Hospitality Trust, and China Merchants Holdings (Pacific).

There are currently 50 actively traded stocks listed on the Singapore Exchange (SGX) that have a market capitalisation of S$1 billion or more, and a dividend yield greater or equal to 3.0%. They averaged a 4.3% decline in terms of dividend-adjusted total return in the year thus far and a 1.1% fall over the last 12 months.

The five best-performing stocks among the 50 averaged a 21.2% dividend-adjusted total return in the year-to-date. They were Yuexiu Property Company (+31.8%) , Sheng Siong Group (+24.0%), SATS (+18.7%), First Real Estate Investment Trust (+16.2%), and Starhill Global REIT (+14.7%).

Conversely, the five least-performing stocks among the 50 were Sembcorp Industries, Sembcorp Marine, CapitaLand Commercial Trust, Jardine Cycle & Carriage, and OSIM International, which averaged a 15.5% decline.

In terms of indicative dividend yields, the five best were Asian Pay Television Trust, Venture Corporation, Hutchison Port Holdings Trust, OUE Hospitality Trust, and China Merchants Holdings (Pacific), with an average yield of 9.0%.

Three of the highest-yielding stocks – Asian Pay Television Trust, Hutchison Port Holdings Trust and China Merchants Holdings (Pacific) – have significant geographical exposure to the greater China region.

As highlighted in a previous Market Update last month, Asian Pay Television Trust, Hutchison Port Holdings, and OUE Hospitality Trust were also among five stocks that maintained the highest dividend yields (click hereto read more).

The table below details the 50 stocks and is sorted by market capitalisation. Note that clicking on a stock name will take you to its relevant page on StockFacts.

Source: My Gateway

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Monday, June 8, 2015

Singapore Dividend Yields: Singapore Maintains Highest Dividend Yields in Asia !

  • The FTSE Singapore Index – used for country comparisons - maintains a dividend yield of 3.4%, which is the highest index yield among the region’s 11 indices which average a 2.3% yield.
  • Ancillary to the Index, the FTSE Singapore Index lists 51 active stocks with dividend yields at or above 3% and market cap above S$1 billion. These 51 stocks averaged a 4.6% total return in the 2015 year through to 3 June.
FTSE Group provides an alternate Index series that enables international like-for-like comparisons of stock markets - this includes 11 Asian indices, which have performances expressed in total returns in US Dollars, while providing a monthly updates on dividend yields. These FTSE Countries Indices can be found on page 10 of the FTSE Asia Monthly Index Report – found here.

As illustrated below, at the end of May, the FTSE Singapore Index maintained a yield of 3.41%, which was the highest among the 11 indices in Asia.
Source: FTSE Group

The FTSE Singapore Index dividend yield of 3.41% is more than 1.00% higher than the 2.32% average yield of the comparative FTSE Indices for Asia.

The FTSE Singapore Index is a broader and much less known index than the Straits Times Index (STI), and a part of a global equity index series used for global comparisons. Due to the global equity index methodology, the FTSE Singapore Index does not include Jardine Matheson Holdings, Jardine Strategic Holdings and Hongkong Land. For a country’s index to be constructed and included in the FTSE Global Equity Index Series, it must have a minimum of three companies which pass all the eligibility criteria.

The FTSE Singapore is made up of both large cap and mid cap stocks. Among these stocks, most are STI stocks and some are the largest stocks of the FTSE ST Mid Cap Index. The index also does not include secondary listings. The table below details the 11 FTSE Indices relevant to Asia and the number of constituents represented in each of the indices.
Source: FTSE Group

Billion Market Cap & Dividend Yields at 3% or Higher
There are currently 51 stocks listed in Singapore that maintain a market capitalisation greater than S$1 billion with a dividend yield greater than or equal to 3.0%.

Together the 51 stocks averaged a 4.6% total return in the 2015 year through to 3 June. The highest total returns among the 51 stocks in the year thus far were generated by Sheng Siong Group, Yangzijiang Shipbuilding (Holdings), First REIT

China Merchants Holdings (Pacific) and Mapletree Greater China Commercial Trust. These five stocks averaged a 20.8% total return in the year to date, whereas the five least performing stocks of the group averaged a 9.6% decline.

Hutchison Port Holdings Trust, Asian Pay Television Trust, Lippo Malls Indonesia Retail Trust, OUE Hospitality Trust and CDL Hospitality Trusts currently maintain the highest indicative yields. According to another market update from June 2014, Asian Pay Television Trust, Hutchison Port Holdings Trust and OUE Hospitality Trust also maintained the highest indicative yields this time last year (click here to view).

The table below details the 51 stocks, sorted according to market capitalisation.
Source: SGX (Data as of 3 June 2015)
*yield based on latest distribution and annualised according to payment frequency

Source: My Gateway

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Friday, May 22, 2015

Singapore Business Trusts Averaged a Dividend Yield of 6.9%

  • Following the completion of acquisition of Keppel Infrastructure Trust by CitySpring Infrastructure Trust on Monday, this brings the total number of Business Trusts listed on SGX to 10.
  • CitySpring Infrastructure Trust (“CIT”) has been renamed “Keppel Infrastructure Trust” and the enlarged trust will adopt the existing CIT stock code of “A7RU”. In addition, the former Keppel Infrastructure Trust has been renamed “Crystal Trust” (SGX:LH4U) and will be delisted on Friday, 22nd May.
  • The 10 Trusts have a combined market capitalisation of S$13.8 billion and averaged 8.8% price gain in the year-to-date. They also maintain an average dividend yield of 6.9%, with yields ranging from 12.0% for Rickmers Maritime to 0.3% for Indiabulls Properties Investment Trust.
  • Keppel Infrastructure’s pipeline includes Keppel Merlimau Cogen, Changi Business Park, One-North, Mediapolis, and Woodlands Wafer Fab Park.
Business Trusts allow investors to have direct exposure to cashflow-generating assets, such as utilities, shipping or aircraft. The structure unitises big-ticket assets into liquid and affordable units which are traded on the Singapore Exchange (SGX), giving investors a new alternative to existing yield plays.

On Monday, CitySpring Infrastructure Management announced that CitySpring Infrastructure Trust (“CIT”) has completed the acquisition of the assets and liabilities of Keppel Infrastructure Trust (“KIT”), and the following actions have taken place effective from the date of this Announcement (click here to view):
  1. CIT has acquired all the assets and liabilities held by KIT;
  2. 1,326,319,374 Consideration CIT Units have been issued at the issue price of S$0.496 per Consideration CIT Unit as consideration for the Acquisition;
  3. CIT has been renamed “Keppel Infrastructure Trust”;
  4. Keppel Infrastructure Fund Management (“KIFM”) is appointed as the trustee-manager of the Enlarged Trust
The enlarged trust – Keppel Infrastructure Trust – will adopt the existing CIT stock code of “A7RU”. According to a recent company presentation, some of the key investment highlights of the enlarged trust include:
  1. Acquisition of core infrastructure assets with long-term stable cash flows
  2. Extend average life of distributions
  3. Benefits from Keppel’s continued sponsorship
For more information, click here. In addition, the former Keppel Infrastructure Trust has been renamed Crystal Trust (SGX:LH4U) as of Monday and will be delisted on Friday, 22nd May.

The completion of the acquisition brings the total number of Business Trusts listed on the Singapore Exchange (SGX) to 10. These 10 Trusts are categorised to five different sectors according to the Global Industrial Classification Standard (GICS®). More than half the combined market capitalisation of the Trusts are classified to the Industrials Sector, followed by Consumer Discretionary and Financials.
Source: SGX StockFacts (Data as of 19 May 2015)

Together, the 10 trusts have a combined market capitalisation of S$13.8 billion, and averaged 8.8% price gain in the year-to-date. This brings their average year-to-date and one-year return to 11.4% and 22.3% respectively. They also maintain an average yield of 6.9%, with yields ranging from 12.0% for Rickmers Maritime to 0.3% for Indiabulls Properties Investment Trust.

Details of the 10 Business Trusts are below.
Source: SGX StockFacts (Data as of 19 May 2015)

Source: My Gateway

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Friday, May 15, 2015

Singapore REITs with Japan Exposure Average 6.4% Dividend Yield

  • Of the 28 Real Estate Investment Trust (REITs) and six stapled trusts listed on SGX, eight have property exposure in Japan.
  • These eight REITs have a combined market capitalisation of S$11.9 billion and maintain an average dividend yield of 6.4%. This is more than double the yield of the Singapore Fixed Income (SFI) Index at 3.01%.
  • The five of the eight REITs that maintain the highest dividend yields are Ascendas Hospitality Trust (7.5%), Saizen Real Estate Investment Trust (6.7%), Ascott Residence Trust (6.5%), CDL Hospitality Trusts (6.5%) and Mapletree Logistics Trust (6.4%).
As noted in a recent market update (click here to view more), there are nine REITs with Mainland China Exposure listed on the Singapore Exchange (SGX), and they generated 6% total returns year-to-date. Besides Mainland China, Japan is another country that Singapore REITs have sizeable operations in.

Of the 28 Real Estate Investment Trust (REITs) and six stapled trusts listed on SGX, eight have property exposure in Japan. Four of these eight trusts derive at least 10% of their revenue from Japan, while Saizen REIT, which is domiciled in Singapore and launched by Japan Regional Assets Manager Limited, attributes all its revenue to Japan. These eight REITs are also diversified in terms of their industry – using GICS ®, one is a Healthcare REIT, three are Hotel and Resort REITs, one is an Industrial REIT, two are Residential REITs, and another a Retail REIT.

These eight REITs have a combined market capitalisation of S$11.9 billion, and maintain an average dividend yield of 6.4%, which is more than double that of the Singapore Fixed Income (SFI) Index at 3.01%. The five trusts that offer the highest dividend yields are Ascendas Hospitality Trust (7.5%), Saizen Real Estate Investment Trust( 6.7%), Ascott Residence Trust (6.5%), CDL Hospitality Trusts (6.5%) and Mapletree Logistics Trust (6.4%).

They eight REITs generated an average price gain of 0.9% in the year thus far, with dividends boosting total returns to 3.8%. The five best-performers among the eight in terms of total returns year-to-date were Starhill Global REIT (+10.1%), Saizen Real Estate Investment Trust (+4.9%), Ascendas Hospitality Trust (+4.4%), Frasers Hospitality Trust (+3.1%) and Mapletree Logistics Trust (+3.0%).

The table below details the eight REITs sorted by market capitalisation.
Source: SGX StockFacts (Data as of 13 May 2015)

Mapletree Logistics Trust
Mapletree Logistics Trust was listed in 2005 and Singapore’s first listed Asia-focused logistics REIT. On its website, Mapletree Logistics Trust, note they have logistics real estate assets in Singapore, Japan, Hong Kong SAR, South Korea, China, Malaysia and Vietnam. A presentation of the REIT’s 4Q and 2015 Financial Year 2015 (which ended 31 March) results can be found here. For the 2015 Financial Year Distributions Per Unit (DPU) rose 2% year on year to 7.50 cents. Property assets in Japan include:
  • Aichi Miyoshi Centre in Miyoshi, Aichi, Chubu
  • Atsugi Centre in Aiko, Kanagawa, Kanto
  • Ayase Centre in Ayase, Kanagawa, Kanto
  • Eniwa Centre in Eniwa, Hokkaido
  • Funabashi Centre in Funabashi, Chiba, Kanto
  • Gyoda Centre in Gyoda, Saitama, Kanto
  • Hiroshima Centre in Hiroshima, Chugoku
  • Iruma Centre in Iruma, Saitama, Kanto
  • Iwatsuki Centre in Saitama, Kanto
  • Kashiwa Centre in Kashiwa, Chiba, Kanto
  • Kyotanabe Centre in Kyotanabe, Kyoto, Kansai
  • Kyoto Centre in Nagaokakyo, Kyoto, Kansai
  • Mizuhomachi Centre in Nishitama, Tokyo, Kanto
  • Mokurenji Centre in Iruma, Saitama, Kanto
  • Moriya Centre in Moriya, Ibaraki, Kanto
Ascott Residence Trust
Ascott REIT was listed in 2006 and was the first pan-Asian serviced residence listed REIT. As noted on their website, Ascott Residence Trust has real estate assets in Australia, Belgium, China, France, Germany,  Indonesia, Japan, Malaysia, The Philippines, Singapore, Spain, United Kingdom and Vietnam. A presentation of the REIT’s first quarter of the 2015 financial year can be found here. Property assets in Japan include:
  • Citadines Karasuma-Gojo in Shimogyo-ku, Kyoto,
  • Citadines Shinjuku in Shinjuku-ku, Tokyo,
  • Somerset Azabu East in Minato-ku, Tokyo,
  • Best Western Shinjuku Astina Tokyo Hotel in Shinjuku-ku, Tokyo,
  • 19 rental housing properties are located in eight wards in Tokyo; Roppongi, Shinjuku, Bunkyo, Meguro, Setagaya, Nakano, Suginami, Nerima and Taito Ku,
  • 12 rental housing properties are located in six cities of Japan; Fukuoka, Sapporo, Sendai, Hiroshima, Saga and Kyoto.
Starhill Global REIT
Starhill Global REIT was listed in 2005, and is a Singapore-based REIT investing primarily in real estate used for retail and office purposes, both in Singapore and overseas. As noted on their website, Starhill Global REIT has real estate assets in Singapore, Malaysia, Australia, China and Japan. A recent results presentation of the REIT can be found here. Property assets in Japan include:
  • Daikanyama in Shibuya-ku, Tokyo,
  • Ebisu Fort in Shibuya-ku, Tokyo,
  • Harajyuku Secondo in Shibuya-ku, Tokyo,
  • Nakameguro Place in Meguro-ku, Tokyo,
  • Roppongi Terzo in Minato-ku, Tokyo.
CDL Hospitality Trusts
CDL Hospitality Trusts, through its subsidiaries, operates as a hotel real estate investment trust (REIT). It invests in a portfolio of hospitality and hospitality related real estate assets. The company has elected to be taxed as a REIT. As a REIT, it would not be subject to corporate income tax on 90% of its net income that is distributed to shareholders. CDL Hospitality Trusts was founded in 2006 and is based in Singapore, Singapore. As noted on their website, CDL Hospitality Trusts has real estate assets in Singapore, Australia, New Zealand, The Maldives and Japan. A recent results presentation of the REIT’s first quarter of the 2015 financial year can be found here. Property assets in Japan include:
  • Hotel MyStays Asakusabashi in Tokyo,
  • Hotel MyStays Kamata in Tokyo.
Parkway Life Real Estate Investment Trust
Parkway Life Real Estate Investment Trust invests primarily in the real estate properties and related assets in the Asia Pacific region. The company’s properties are used primarily for healthcare and/or healthcare-related purposes, including hospitals and healthcare facilities, as well as real estate and/or real estate assets used in connection with healthcare research, education, and the manufacture or storage of drugs, medicine, and other healthcare goods and devices. The company was incorporated in 2007 and is based in Singapore, Singapore. As noted on their website, Parkway Life REIT has real estate assets in Singapore, Japan and Malaysia. A recent results presentation of the REIT can be found here. Property assets in Japan include:
  • Sawayaka Sakurakan in Akita,
  • Senior Chonaikai Makuhari Kan in Chiba,
  • P-Life Matsudo in Chiba,
  • Amille Nakasyo in Okayama,
  • Sawayaka Niihamakan in Ehime,
  • Sawayaka Minatokan in Niigata,
  • Sawayaka Seaside Toba in Mie,
  • Excellent Tenpaku Garden Hills in Aichi,
  • 12 real estate properties in Osaka,
  • 10 real estate properties in Fukuoka,
  • 4 real estate properties in Hokkaido,
  • 3 real estate properties in Hyogo
  • 3 real estate properties in Kanagawa,
  • 3 real estate properties in Saitama.
Frasers Hospitality Trust
Frasers Hospitality Trust operates as a hotel and serviced residence trust. Its portfolio consists of 12 hospitality properties comprising 6 hotels and 6 serviced residences with a total of 1,928 hotel rooms and 842 serviced residence units located in Singapore, Australia, the United Kingdom, Japan, and Malaysia. The company is based in Singapore. As noted on their website, Frasers Hospitality Trust has real estate assets in Singapore, Japan, Malaysia, Australia and the United Kingdom. A recent results presentation of the REIT can be found here. The property asset in Japan is Ana Crowne Plaza in Kobe, Hyogo.

Ascendas Hospitality Trust
Ascendas Hospitality Trust is a stapled group comprising Ascendas Hospitality Real Estate Investment Trust and Ascendas Hospitality Business Trust. The trust invests, directly or indirectly, in a diversified portfolio of income-producing real estate used predominantly for hospitality purposes located across Asia, Australia and New Zealand, as well as real estate related assets in connection with the foregoing. Ascendas Hospitality Trust was launched in July 2012, and is domiciled in Singapore.
A recent result presentation of the REIT can be found here. As noted on their website, Ascendas Hospitality Trust has real estate assets in Australia, China, Japan and Singapore. Property assets in Japan include:
  • Osaka Namba Washington Hotel Plaza in Osaka,
  • Hotel Sunroute Ariake and Oakwood Apartments Ariake Tokyo in Tokyo.
Saizen Real Estate Investment Trust
Saizen Real Estate Investment Trust is a real estate investment trust launched by Japan Regional Assets Manager Limited. The fund is managed by Japan Residential Assets Manager Limited. The fund invests in residential properties of Japan. It primarily invests in real estate primarily for residential and residential-related purposes, and real estate-related assets. Saizen Real Estate Investment Trust was formed on 27 September 2007 and is domiciled in Singapore.
A recent result presentation of the REIT can be found here. As noted on their website, Saizen REIT has 136 real estate assets in 14 cities of Japan. Property assets in Japan include:
  • Matsukaze Building in Hakodate,
  • Taisei Building III in Oita,
  • Gardenia Kurashiki in  Kurashiki,
  • 35 real estate assets in Sapporo,
  • 19 real estate assets in Sendai,
  • 18 real estate assets in Hiroshima,
  • 18 real estate assets in Kitakyushu,
  • 16 real estate assets in Kumamoto,
  • 10 real estate assets in Fukuoka,
  • 4 real estate assets in Kagoshima,
  • 4 real estate assets in Tokyo,
  • 3 real estate assets in Morioka,
  • 3 real estate assets in Koriyama,
  • 3 real estate assets in Niigata.

Source: My Gateway

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Wednesday, May 13, 2015

Singapore REITs with Mainland China Exposure Generated 6% Total Returns YTD

  • There are nine Singapore-listed REITs with property exposure in Mainland China.
  • These nine REITs have a combined market capitalisation of S$19.2 billion. They generated an average 2015 year-to-date total return of 6.2%, bringing their six-month and one-year total returns to 6.7% and 12.5% respectively.
  • The five best performers in terms of total returns YTD were Mapletree Greater China Commercial Trust (+11.4%), Starhill Global REIT(+10.8%), CapitaLand Retail China Trust (+9.6%), OUE Commercial Real Estate Investment Trust (+5.5%), and Ascendas Real Estate Investment Trust (+4.6%).

There are a total of 28 Real Estate Investment Trust (REITs) and six stapled trusts listed on the Singapore Exchange (SGX). A number of these trusts invest in property assets not just in Singapore, but also in Japan, Mainland China, Indonesia, Malaysia, Australia and Europe. For a report on the Singapore REIT sector and its total returns year-to-date, please click here.

REITs with Mainland China Exposure
Mainland China is one of the countries that the highest number of Singapore REITs operate in. Of the 34 trusts, nine have exposure to Mainland China. These REITs come from a range of GICS-categorised sectors – three are from Industrial REITs, two from Retail REITs, one from Diversified REITs, one from Hotel & Resort REITs, another from Residential REITs and the final from Office REITs.

Together, these nine REITs have a total market capitalisation of S$19.2 billion. They generated an average 2015 year-to-date total return of 6.2%, bringing their six-month and one-year total returns to 6.7% and 12.5% respectively.

In terms of the total return in the year thus far, the five best performers were Mapletree Greater China Commercial Trust (+11.4%), Starhill Global REIT(+10.8%), CapitaLand Retail China Trust (+9.6%), OUE Commercial Real Estate Investment Trust (+5.5%), and Ascendas Real Estate Investment Trust (+4.6%).
The table below details the nine REITs sorted by market capitalisation.

Source: My Gateway

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Saturday, April 25, 2015

Singapore Industrial Park REITs Maintain Average 7% Dividend Yield


  • SGX lists seven GICS-categorised Industrial REITs. Including Soilbuild Business Space REIT and Viva Industrial Trust whose business parks are mostly for industrial use, there are a total of nine REITs associated with industrial parks.
  • These nine REITs have a combined market capitalisation of S$17 billion – and include a STI constituent. In the year thus far, the nine REITs generated average total returns of 6.5% and a 4.7% price gains.
  • The three largest capitalised Industrial REITs are Ascendas REIT, Mapletree Logistics Trust and Mapletree Industrial Trust. They averaged a price gain of 7.5% YTD, with dividends boosting total returns to 8.7%. Over the last 12 months, these three trusts averaged a price gain of 13.6%, with dividend-adjusted total returns rising to 20.3%. These three trusts also maintain an average 6.1% dividend yield, double that of the Singapore Fixed Income Index (SFI) at 3.0%.
With reporting season in full swing, the fourth quarter ending 31 March 2015 saw Ascendas REIT achieve a 4.5% year-over-year rise in distribution per unit (DPU) to 3.71 Singapore cents, while Mapletree Logistics Trust posted a 2.1% year-on-year decline in DPU to 1.85 Singapore cents. Mapletree Industrial Trust reported a 5.6% year-on-year rise in its DPU to 2.65 Singapore cents for its fourth quarter ended 31 March.

These three REITs invest in industrial-related properties. An industrial real estate investment trust (REIT) is one of the nine REIT types classified by the Global Industry Classification Standard (GICS®). According to GICS®, Industrial REITs comprise companies or trusts engaged in the acquisition, development, ownership, leasing, management and operation of industrial properties. This includes companies operating industrial warehouses and distribution properties.

Singapore Exchange (SGX) lists seven GICS-categorised Industrial REITs. They are Ascendas REIT, Mapletree Logistics Trust, Mapletree Industrial Trust, Cache Logistics Trust, AIMS AMP Capital Industrial REIT, Cambridge Industrial Trust and Sabana Shariah Compliance Industrial REIT. Two other REITs – Soilbuild Business Space REIT (Office REITs) and Viva Industrial Trust (Diversified REITs) – are also associated with the industrial segment, as their business parks are mostly for industrial use.

The nine REITs have a combined market capitalisation of S$16.8 billion, and generated an average and median year-to-date total return of 6.5% and 7.1% respectively. They also averaged a price gain of 4.7% in the year thus far.

Of these nine trusts, the three largest capitalised are Ascendas REIT, Mapletree Logistics Trust and Mapletree Industrial Trust. They have a combined market value of S$12.1 billion, accounting for almost three quarters of the total market capitalisation of the nine REITs.

The three also averaged a YTD price gain of 7.5%, with dividends boosting their year-to-date total returns to 8.7%. This is above the FTSE ST Real Estate Invesment Trust Index’s total return of 6.4% YTD. Ascendas REIT was also the first of the industrial REITs to be listed in Singapore and was included in the Straits Times Index (STI) earlier last year. These three trusts also averaged a dividend yield of 6.1%, double that of the Singapore Fixed Income Index (SFI) at 3.0%.

The table below details the nine REITs sorted according to market capitalisation.
Source: SGX StockFacts (Data as of 23 April 2015)
*Note: Both are included in the list as their business parks are mostly for industrial purposes

Ascendas Real Estate Investment Trust
Ascendas Real Estate Investment Trust is a real estate investment trust launched and managed by Ascendas Funds Management (S). The fund invests in the real estate markets of Singapore and China. It invests in business and science Parks properties, Hi-Specs Industrial properties/Data Centres, Light Industrial properties/Flatted Factories, Logistics & Distribution Centres, and Warehouse Retail Facilities. Ascendas Funds Management (S) was formed on October 9, 2002 and is based in Singapore, Singapore.
Ascendas Real Estate Investment Trust has a market capitalisation of S$6.2 billion and the stock trades at a price-to-earnings ratio of 14.0. It also maintains a dividend yield of 5.6%.
On 7 April 2015, Ascendas Funds Management (S), the manager of Ascendas Real Estate Investment Trust announced that the sale of 26 Senoko Way to JTC Corporation has been completed for S$24.8 million. Following this sale, A-REIT owns 104 properties in Singapore and 2 business park properties in China (clickhere to view more).

Mapletree Logistics Trust
Mapletree Logistics Trust, together with its subsidiaries, operates as a logistics real estate investment trust primarily in Singapore. It invests in a portfolio of logistics real estate and real-estate-related assets. The company’s properties include oil and chemical logistics, free trade and non free trade zone third party logistics, food and cold storage, distribution centre, and industrial warehousing. The company was founded in 2004 and is headquartered in Singapore, Singapore.
Mapletree Logistics Trust has a market capitalisation of S$3.1 billion and the stock trades at a price-to-earnings ratio of 12.8. It also maintains a dividend yield of 6.1%.
On 20 April 2015, the trust released their gross revenue for the quarter ended 31 March 2015, increase by 5.7% or S$4.5 million to S$84.7 million year-on-year. The increase was mainly attributed to contributions from six properties acquired in China, Singapore, Malaysia and Korea during the financial year, contribution from Mapletree Benoi Logistics Hub as well as higher revenue from existing assets in Singapore, Hong Kong and Malaysia (click here to view more).

Mapletree Industrial Trust                   
Mapletree Industrial Trust operates as a real estate investment trust in Singapore. The company was founded in 2008 and is based in Singapore. Mapletree Industrial Trust has a market capitalisation of S$2.8 billion and the stock trades at a price-to-earnings ratio of 7.5. It also maintains a dividend yield of 6.6%.
On 21 April 2015, the trust reported their gross revenue for the quarter ended 31 March 2014, increased by 5.6% or S$4.2 million to S$79.4 million year-on-year. This was due mainly to higher rental rates and occupancies achieved in the Hi-Tech Buildings, Business Park Buildings, and Light Industrial Buildings, as well as revenue contribution from the acquisition of 2A Changi North Street 2 and the completion of the build-to-suit project for Equinix Singapore at 26A Ayer Rajah Crescent (click here to view more).

Source: My Gateway

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