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3 REITs Giving Distributions on Tuesday

There are three real estate investment trusts (REITs) that will be going ex-dividend on Tuesday, 30 January 2018. In other words, you need to own the REITs’ units before that day in order to receive their distributions. Let’s check them out.

Suntec Real Estate Investment Trust (SGX: T82U)

Suntec REIT is the first composite REIT in Singapore, owning both retail and office properties.

It is dishing out 2.604 Singapore cents per unit for the fourth quarter. For the full year ended 31 December 2017, gross revenue rose 7.8% year-on-year to S$354.2 million while net property income (NPI) grew 8.9% to S$244.5 million. The improvements were due to the contribution from Australia’s 177 Pacific Highway, which was partially offset by lower retail contribution.

Units of Suntec REIT are currently selling at S$2.15. This translates to a price-to-book (PB) ratio of 1.01 and a trailing distribution yield of 4.7%.

Mapletree Commercial Trust (SGX: N2IU)

Mapletree Commercial Trust has stakes in five office and retail assets in Singapore.

The REIT is giving out 2.30 Singapore cents per unit for the third quarter ended 31 December 2017. For the quarter, gross revenue grew 0.8% year-on-year to S$109.7 million. Meanwhile, NPI improved 1.9% to S$86.0 million. The REIT attributed the increases to higher contributions from VivoCity and Mapletree Business City I.

Mapletree Commercial Trust is now trading at S$1.68 per unit. This gives a PB ratio of 1.2 and a trailing distribution yield of 5.4%.

CapitaLand Mall Trust (SGX: C38U) 

CapitaLand Mall Trust is Singapore’s first and largest retail REIT.

It is paying out 2.90 Singapore cent per share for the fourth quarter. For the financial year ended 31 December 2017, gross revenue tumbled 1.1% year-on-year to S$682.5 million while NPI slipped 0.3% to S$478.2 million. The declines were mainly due to the non-contribution of Funan, which was closed in July 2016 for redevelopment.

CapitaLand Mall Trust’s units are changing hands at S$2.12 currently. This gives PB ratio of 1.1 and a trailing distribution yield of 5.3%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended units of CapitaLand Mall Trust. Motley Fool Singapore contributor Sudhan P owns units in CapitaLand Mall Trust.