2 REITs Doling Out Distributions This Week

There are two real estate investment trusts (REITs) that will be going ex-dividend in the next few days. In other words, you need to own them before a particular date to receive their distributions. Let’s check them out.

1. Wednesday, 6 September 2017

Dasin Retail Trust (SGX: CEDU), which debuted on our stock exchange in January this year, will be going ex-dividend on Wednesday. The trust owns four retail malls located in Zhongshan City, Guangdong, China.

The mall owner is giving out 3.01 Singapore cents per unit for the first half of the year.

For the six months ended 30 June 2017, revenue and net property income exceeded initial public offering forecasts by 14% to S$21.4 million and S$17.4 million respectively.

Mr Li Wen, chief executive of the trust’s manager, mentioned:

“During the quarter, we successfully concluded the acquisition of Shiqi Metro Mall earlier than forecasted, which provided an uplift to the overall performance. As a testament to our leasing capabilities, DRT’s portfolio registered 100% occupancy as at 30 June 2017. We will continue on our proactive asset management strategy and prudent investment approach to generate inorganic and organic growth to provide stable and growing distributions for our unitholders.”

Dasin Retail Trust is now trading at S$0.86, giving a price-to-book ratio of 0.6 and an annualised distribution yield of 7%.

2. Friday, 8 September 2017

On the last day of the week, BHG Retail REIT (SGX: BMGU), will be going ex-dividend. Just like Dasin Retail Trust, the REIT also owns retail assets.

It is giving out 2.74 Singapore cents per unit for the six months ended 30 June 2017.

For the first half of the year, gross revenue declined 0.2% year-on-year to S$31.4 million but net property income rose 4% to S$21.3 million. You can read learn about the REIT’s occupancy rate and financial stability from here.

BHG Retail REIT is now trading at S$0.75, giving a price-to-book ratio of 0.9 and a trailing distribution yield of 7.1%.

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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 units in any REITs mentioned.