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Find out more about IPO and Rights Issue in articles from the All about REIT series:
The IPO Prospectus
Rights Issue Part 1: Terms and Definition
Rights Issue Part 2: What happens during a Rights Issue
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Commentary Commentary about news or trends affecting the REITs, or about the Market in general.

General Investment Tips, guide or thoughts about investment in general.

Wednesday, May 11, 2011

Saizen divests Studio City from the YK Shingen portfolio

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Saizen divests Studio City from the YK Shingen portfolio:
Key Points
  • YK Shingen has, on 10 May 2011, entered into a conditional sale and purchase agreement for the divestment of Studio City (“SC”) to an independent private investor (the “SC Buyer”) for a cash consideration of JPY 175,000,000 (S$2.7 million) (the “SC Sale Price”).
  • SC, located in Sapporo, was built in March 1985 and comprises 51 residential units, 1 commercial unit and 12 car parking units. It contributed about 0.6% (or approximately JPY 26.8 million) of Saizen REIT’s annual revenue in the financial year ended 30 June 2010 (“FY2010”).
  • Given the small size of SC relative to the entire portfolio of Saizen REIT, the Current Divestment is not expected to have any material impact on the financial position of Saizen REIT.
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Thursday, May 5, 2011

LippoMapleTrust Updated Target Price following Q1 2011 result release

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LippoMapleTrust Updated Target Price following Q1 2011 result release:


Brokerage Recommendation Target Price (S$) Date
OCBC BUY 0.59 29/04/11
 
Latest updates at Stock Target Price.



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Cambridge Updated Target Price following Q1 2011 result release

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Cambridge Updated Target Price following Q1 2011 result release:


Brokerage Recommendation Target Price (S$) Date
DMG BUY 0.59 29/04/11
 

Latest updates at Stock Target Price.



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CDL H-Trust Updated Target Price following Q1 2011 result release

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CDL H-Trust Updated Target Price following Q1 2011 result release:

Brokerage Recommendation Target Price (S$) Date
DMG BUY 2.46 27/04/11
CIMB NEUTRAL 2.14 27/04/11


Latest updates at Stock Target Price.



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Fortune Reit Q1 2011 Quarterly Earnings Report

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Fortune Reit Q1 2011 Quarterly Earnings Report:
Key Points
  • DPU for the reporting quarter is 6.73 HK cents. 
  • Total revenue saw a 4.6 per cent increase to HK$218.8 million, attributed mainly to the improved performance of the property portfolio.
  • Net property income rose 3.3 per cent to HK$161 million.
  • The occupancy rate across Fortune Reit’s portfolio of 14 retail malls stood at 97.8 per cent as at March 31, 2011.
  • The gearing ratio and aggregate leverage was 20.6% as at 31 March 2011.
  • NAV per unit of HK$6.18 as at 31 March 2011.
Author's Note

There will be no distribution this quarter as the Reit adopts a semi-annual distribution policy.

The DPU was 6.32 HK cents in the previous quarter.

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PLife Reit Q1 2011 Quarterly Earnings Report

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PLife Reit Q1 2011 Quarterly Earnings Report:
Key Points
  • DPU of 2.36 cents for the reporting quarter. 
  • Gross revenue increased 15.2% year-on-year to S$21.5 million.
  • Net property income increased 14.6% year-on-year to S$19.7 million.
  • DPU increased 14.4% year-on-year to 2.36 cents.
  • Well-equipped for continued growth in robust Asia healthcare sector.
  • The Books will close from 5pm on 13 May 2011 for the purpose of determining Unitholders’ entitlement to the distribution. 
  • The distribution will be paid on 8 June 2011.
  • Gearing of 34.3% as at 31 Mar 2011. 
  • NAV per unit of S$1.41 as at 31 Mar 2011.
Author's Note
The DPU for the reporting quarter is 2.36 cents and will be paid on 8 June 2011. Books closure is on 13 May 2011.

The DPU was 2.38 cents in the previous quarter.

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