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3 REITs 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 focus on three of them.

  1. Monday, 2 November 2015

Starhill Global Real Estate Invmt Trust (SGX: P40U) will be going ex-dividend at the start of the week. The REIT has stakes in Wisma Atria and Ngee Ann City. Other than Singapore, it owns prime retail assets in Australia, China, Japan and Malaysia.

The trust is paying 1.31 Singapore cents per unit for the first quarter.

For the quarter, gross revenue grew 16.8% year-on-year to S$56.8 million, while the net property income went up 10.2% to S$43.6 million. The rise in gross revenue was mostly due to the contribution from Starhill’s latest acquisition – Myer Centre Adelaide – and strong performance from Wisma Atria.

The units closed at S$0.81 on Friday. They are trading at a historical price-to-book (PB) ratio of 0.9 while its trailing distribution yield stands at 6%.

  1. Tuesday, 3 November 2015 

On Tuesday Ascendas Hospitality Trust Management (SGX: Q1P), is expected to go ex-dividend. The trust owns 11 hospitality assets located across Asia, Australia and New Zealand. In Singapore, it owns Park Hotel Clarke Quay.

It is dishing out 2.66 Singapore cents per unit for the six months ended 30 September 2015. For the second quarter, gross revenue fell 6.1% year-on-year to S$54.5 million. Meanwhile, net property income slid 2.9% to S$22.6 million.

The units exchanged hands at S$0.68 on Friday. They are trading at 0.95 times historical book value and have a trailing distribution yield of 7.5%.

  1. Friday, 6 November 2015 

On the last day of the trading week, Frasers Hospitality Trust (SGX: ACV), will be going ex-dividend. It prides itself as being the “first global hotel and serviced residence trust listed in Singapore”. Owning 13 properties around Asia, Australia, and the United Kingdom, its portfolio is valued at around S$1.96 billion.

It is giving out 1.57 Singapore cents per unit for the fourth quarter. Including the advanced distribution of 0.09 cents that has already been paid on 28 September 2015, the total distribution comes to 1.66 cents.

For the three months to 30 September 2015, gross rental income clocked in at S$30.8 million, inching up 1.5%, as compared to its initial public offering forecast. However, distributable income decreased 1.9% to S$22.5 million. The reason for the poor showing was “higher interest expenses from a higher proportion of fixed-rate debt”.

The trust closed at S$0.775 on Friday. It is trading at a historical PB ratio of 0.9 and has a distribution yield of close to 10%.

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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.