3 REITs Giving Distributions This Week

Credit: Simon Cunningham

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

1. Monday, 2 February 2015

To kick-start the week, Parkway Life REIT (SGX: C2PU)  will be going ex-dividend.

Currently, the healthcare-focused REIT owns a total of 42 properties (these properties are scattered across Singapore, Malaysia, and Japan, and are mainly used for healthcare-related purposes) that are collectively worth around S$1.52 billion.

The REIT is paying 2.9 Singapore cents per unit for its fiscal fourth quarter. For that quarter, gross revenue rose by 1.5% year-on-year to $25.1 million while net property income (NPI) went up 1.3% to S$23.5 million.

Parkway Life REIT closed at S$2.43 on Friday and it is trading at a historical price-to-book (PB) ratio of close to 1.4. Its distribution yield stands at 4.7%.

2. Monday, 2 February 2015 

On the same day, Starhill Global Real Estate Invmt Trust  (SGX: P40U) is slated to go ex-dividend as well. Starhill Global’s a retail REIT and it owns shopping malls in Singapore, Malaysia, Japan, China, and Australia.

The trust is dishing out 1.29 Singapore cents per unit for its fiscal fourth quarter. Gross revenue for the quarter was flat at S$48.9 million whereas NPI went up 2% year-on-year to S$39.6 million.

The REIT’s units last exchanged hands at S$0.83 on Friday. At that price, Starhill Global’s trading at 0.9 times its historical book value and has a distribution yield of 6.1%.

3. Wednesday, 4 February 2015 

CapitaRetail China Trust  (SGX: AU8U) will be going ex-dividend on Wednesday. As its name suggests, the REIT owns retail properties in China.

CapitaRetail China Trust is giving out 4.83 Singapore cents per unit for the second half of its fiscal year ended 31 December 2014. In the trust’s fiscal fourth quarter (the quarter ended 31 December 2014), gross revenue was at S$11.4 million, a rise of 27.7% year-on-year. The high growth was mainly due to new contributions from CapitaMall Grand Canyon, which was acquired in December 2013. NPI went up 30.1% year-on-year to S$33.5 million.

CapitaRetail China Trust closed at S$1.72 on Friday. It is trading at a historical PB ratio of 1.1 and has a distribution yield of 5.7%.

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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.