2 Real Estate Investment Trusts Giving 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 in order to receive their distributions. Let’s take a look at them.

1. Tuesday, 14 November 2017

EC World Real Estate Investment Trust (SGX: BWCU) became the first Chinese specialised logistics and e-commerce logistics REIT to be listed here in July 2016. The REIT, which owns six properties located in Hangzhou, China, will be going ex-dividend on Tuesday.

It is giving out 1.44 Singapore cents per unit for the third quarter.

For the three months ended 30 September 2017, gross revenue and net property income exceeded initial public offering forecasts by 5.5% and 7.7% to S$23.9 million and S$22.1 million, respectively.

Alvin Cheng, the chief executive officer and executive director of the REIT’s manager, mentioned:

“Our portfolio has continued to deliver a stable set of results for our unitholders, demonstrating the sustainability of ECW’s [EC World REIT’s] portfolio. At the same time, we continue to be prudent in managing our capital and financial risk while enhancing financial and operational flexibility.”

ECW is now trading at S$0.785. This gives a price-to-book (P/B) ratio of 0.9 and a trailing distribution yield of 7.6%.

2. Wednesday, 15 November 2017

On Wednesday, Parkway Life REIT (SGX: C2PU), will be going ex-dividend. The REIT has 49 healthcare properties in Singapore, Malaysia and Japan. In our shores, it owns Mount Elizabeth Hospital, Gleneagles Hospital and Parkway East Hospital.

Parkway Life REIT is giving out 3.37 Singapore cents per unit for the third quarter ended 30 September 2017.

For the quarter, gross revenue declined 1.4% year-on-year to S$27.7 million as the depreciation of the Japanese Yen offset higher rents received from the properties in Singapore and contributions from an asset recycling exercise. Meanwhile, net property income fell 1.2% to S$25.9 million.

Parkway Life REIT is now going at S$2.90, translating to a P/B ratio of 1.7 and a trailing distribution yield of 4.5%.

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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.