3 REITs Paying Dividends This Week

Credit: Simon Cunningham

There are a few real estate investment trusts (REITs) that are slated to go ex-dividend this week. In other words, you need to own them before a specific date this week in order to receive their dividends (technically, a REIT’s dividends are called distributions). Let’s take a look at three of them.

1. Tuesday, 27 January 2015

On Tuesday, CapitaCommercial Trust (SGX: C61U), a REIT which owns commercial properties mainly in Singapore, will be going ex-dividend.  Assets under the REIT include One George Street, Capital Tower, and Six Battery Road.

CapitaCommerical Trust will be paying 4.24 Singapore cents per unit for the period from 1 July 2014 to 31 December 2014. The REIT had just released its results for 2014 last week and saw gross revenue grow by 4.4% year-on-year to S$262.6 million. Meanwhile, net property income followed suit with a 4.1% increase to S$205.2 million. As for the distribution per unit (DPU) for 2014, it rose by 3.9% year-on-year to 8.46 Singapore cents.

The REIT last traded at S$1.925 on Friday. At that price, the REIT’s units are valued at a historical price-to-book (PB) ratio of close to 1.1 and carry a distribution yield of 4.4%.

2. Tuesday, 27 January 2015

Another commercial REIT, Mapletree Commercial Trust (SGX: N2IU), is slated to go ex-dividend on Tuesday as well. It has VivoCityPSA BuildingBank of America Merrill Lynch HarbourFront and Mapletree Anson as part of its portfolio.

The trust is dishing out 2.08 Singapore cents per unit for its fiscal third quarter ended 31 December 2014. For that quarter, gross revenue climbed 6.5% year-on-year to S$72.8 million mainly due to an increase in gross revenue from our city’s largest mall, VivoCity.

Mapletree Commercial Trust’s units last exchanged hands at S$1.55 on Friday. They are trading at 1.3 times their historical book value and have a distribution yield of 4.7%.

3. Wednesday, 28 January 2015 

Ascott Residence Trust  (SGX: A68U) will be going ex-dividend on Wednesday. This trust owns serviced residences in the Asia Pacific region (including Singapore) and Europe.

The REIT is giving out 4.264 Singapore cents per unit for the first half of 2014. For the full year ended 31 December 2014, Ascott Residence Trust’s top line grew 13% year-on-year to S$357 million but DPU went in the opposite direction. It decreased by 2.4% to 8.2 Singapore cents.

Ascott Residence Trust closed at S$1.29 on Friday. It is trading at a historical PB ratio of 0.94 and has a distribution yield of 6.4%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.