3 REITs That Are Giving Distributions This Week

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

1. Tuesday, 17 February 2015

Far East Hospitality Trust  (SGX: Q5T) will be going ex-dividend on Tuesday. It owns hotels and serviced residences such as Rendezvous Hotel SingaporeOrchard Parade HotelVillage Hotel Changi, and Regency House here.

The trust is paying 1.28 Singapore cents per unit for its fiscal fourth quarter. In the quarter, the trust’s gross revenue and net property income (NPI) slipped by 9.8% and 9.2% year-on-year to S$30.3 million and S$27.7 million respectively due to weaker performance from its hotels and serviced residences.

Far East Hospitality Trust closed at S$0.83 on Friday and is trading at a historical price-to-book (PB) ratio of close to 0.9. Its distribution yield based on its distributions over the last 12 months stands at 6.2%.

2. Tuesday, 17 February 2015 

On the same day, Saizen Real Estate Investment Trust  (SGX: T8JU), is slated to go ex-dividend as well. The trust owns a total of 136 residential assets all across Japan.

It is dishing out 3.1 Singapore cents per unit for the six months ended 31 December 2014. For that half-year block of time, gross revenue declined slightly by 1.4% year-on-year to JPY 2 billion. The REIT’s NPI also declined as a result, coming down 2.1% year-on-year to JPY 1.4 billion.

Units of Saizen REIT last exchanged hands at S$0.87 on Friday. They are trading at 0.8 times their historical book value and have a trailing 12 months distribution yield of 7.1%.

3. Wednesday, 18 February 2015 

On the eve of Chinese New Year, Lippo Malls Indonesia Retail Trust  (SGX: D5IU), will be going ex-dividend. Lippo Malls, as its name may suggest, owns retail assets in Indonesia.

It is giving out 0.14 Singapore cents per unit for the period from 17 December 2014 to 31 December 2014 as part of its fiscal fourth quarter. For that quarter, Lippo Malls Indonesia Retail Trust enjoyed a 9% increase in gross rental income to S$30.1 million; consequently, its NPI had climbed by 5.7% year-on-year to S$32.9 million.

The trust closed at S$0.35 on Friday. It is trading at a historical PB ratio of 0.8 and has a trailing 12 months distribution yield of 7.9%.

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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.