MENU

3 REITs Paying Out Distributions This Week

There are three 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 them.

1. Tuesday, 23 January 2018

On Tuesday, ESR-REIT (SGX: J91U), which was formerly known as Cambridge Industrial Trust, will be going ex-dividend. The REIT has 48 industrial properties located all over Singapore in its portfolio.

ESR-REIT is paying 0.929 Singapore cents per unit for the fourth quarter.

For the financial year ended 31 December 2017, gross revenue dipped 2.1% year-on-year to S$109.7 million while the net property income (NPI) slumped 4.7% to S$78.4 million. The fall in NPI was due to the loss of income during the transition phase of properties moving from single-tenanted to multi-tenanted, and an increase in property operating expenses.

ESR-REIT’s units are currently going at S$0.58. This translates to a price-to-book (PB) ratio of 0.98 and a trailing distribution yield of 6.6%.

2. Tuesday, 23 January 2018  

On the same day as ESR-REIT, First Real Estate Investment Trust (SGX: AW9U) is set to go ex-dividend. The REIT owns 20 healthcare assets which are located in Indonesia, Singapore and South Korea.

First REIT is dishing out 2.15 Singapore cents per unit for the fourth quarter.

For the full year ended 31 December 2017, gross revenue increased 3.7% year-on-year to around S$111 million while NPI grew 3.4% to S$109.5 million. The growth in gross revenue was largely due to contributions from newly acquired properties as well as from existing assets.

The REIT’s units are selling at S$1.40 now. This gives a PB ratio of 1.4 and a trailing distribution yield of 6.1%.

3. Friday, 26 January 2018  

On the last day of the week, Soilbuild Business Space REIT (SGX: SV3U), which owns 12 business parks and industrial assets in Singapore, will be going ex-dividend.

The REIT is giving out 1.383 Singapore cents per unit for the fourth quarter.

For the twelve months to 31 December 2017, gross revenue went up by 4.5% year-on-year to S$84.8 million while NPI grew 4% to S$73.5 million. The higher gross revenue and NPI were due to the full year contribution from Bukit Batok Connection, which was acquired in September 2016.

Soilbuild Business Space REIT is currently going at S$0.71 per unit. This translates to a PB ratio of 1.1 and has a distribution yield of close to 8%.

Meanwhile, we believe we’ve identified a dividend dynamo whose financials are strong enough to qualify its dividend as “safe” – and have profiled this stock in a research report that’s now available to download completely free of charge. Simply click here to claim your copy today!

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.


Editor's note: An error in ESR-REIT's gross revenue has been corrected. We apologise for the error.