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3 REITs Giving 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.

Tuesday, 6 February 2018

On Tuesday, CapitaRetail China Trust (SGX: AU8U), Singapore’s first China-based shopping mall REIT, will be going ex-dividend.

The REIT is paying out 0.83 cents per unit for the period from 7 December 2017 to 31 December 2017.

For the financial year ended 31 December 2017, in RMB terms, gross revenue rose 9.2% year-on-year mainly due to full-year contribution from CapitaMall Xinnan and rental growth from the core multi-tenanted malls.

In Singapore dollar terms, gross revenue increased 6.9% to S$229.2 million, net property income (NPI) went up 6.8% to S$149.2 million while distributable amount to unitholders grew 5.1% to S$91.1 million. Distribution per unit for the year was 10.10 cents, up 0.5% as compared to one year ago.

The REIT is currently going at S$1.58 per unit. This translates to a price-to-book (PB) ratio of 0.99 and a trailing distribution yield of 6.4%.

Tuesday, 6 February 2018  

OUE Commercial REIT (SGX: TS0U) is scheduled to go ex-dividend on Tuesday as well. The commercial REIT owns OUE Bayfront and One Raffles Place in Singapore, and Lippo Plaza in Shanghai, China.

The REIT is dishing out 2.29 Singapore cents per unit for the period from 1 July 2017 to 31 December 2017.

For the full year ended 31 December 2017, revenue slipped 0.9% year-on-year to S$176.3 million on the back of lower one-off income while NPI dipped 0.3% to S$138.2 million due to lower property operating expenses.

The REIT’s units are selling at S$0.745 now. This gives a PB ratio of 0.82 and a trailing distribution yield of 6.3%.

Wednesday, 7 February 2018  

On Wednesday, AIMS AMP Capital Industrial REIT (SGX: O5RU) will be going ex-dividend. As part of its portfolio, the industrial REIT has 27 industrial properties which are mostly located in Singapore.

AIMS AMP Capital Industrial REIT is giving out 0.71 cents per unit for the period from 1 December 2017 to 31 December 2017.

For the third quarter ended 31 December 2017, gross revenue fell 4.9% year-on-year to S$28.9 million. The decline was largely due to lower rental and recoveries from 20 Gul Way as five phases of the property reverted to multi-tenancy leases and the expiry of the master lease at 3 Tuas Avenue 2. Meanwhile, net property income slumped 2.8% to S$19.2 million.

The industrial REIT is currently going at S$1.33 per unit. This translates to a PB ratio of 0.99 and a trailing distribution yield of slightly below 8%.

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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 owns units of AIMS AMP Capital Industrial REIT.