There are three real estate investment trusts (REITs) that will be ex-dividend on Tuesday, 31 July 2018. In other words, you need to own units of the REITs before that day in order to receive their distributions.
Frasers Commercial Trust (SGX: ND8U)
Frasers Commercial Trust invests in commercial properties. The REIT’s portfolio includes seven quality commercial buildings located in Singapore, Australia and the United Kingdom.
The trust is dishing out 2.4 Singapore cents per unit for the third quarter.
For the three months ended 30 June 2017, gross revenue fell 15.2% year-on-year S$32.5 million while net property income (NPI) tumbled 26.9% to S$20.4 million. However, distribution to unitholders grew 3.1% to S$21.2 million.
The decline in gross revenue was mostly due to lower occupancy rates at Alexandra Technopark, China Square Central, 55 Market Street, Central Park and 357 Collins Street, and the weaker average Australian dollar. The lower NPI was mainly due to higher repair and maintenance expense for Caroline Chisholm Centre, on top of the reasons mentioned earlier.
Frasers Commercial Trust closed at S$1.43 on Friday. This translates to a price-to-book (PB) ratio of 0.9 and a distribution yield of 6.7%.
Sabana Shariah Compliant REIT (SGX: M1GU)
Sabana Shariah Compliant REIT invests in industrial properties, in line with Shariah investment principles. Currently, the REIT owns 19 properties here in sectors such as high‐tech industrial, warehouse and logistics.
The REIT is giving out 0.82 Singapore cent per unit for the second quarter ended 30 June 2018 (2Q 2018).
Gross revenue for the latest quarter declined by 8.6% to S$20.1 million. The main reasons for the decline were “lower contribution from some of the Trust’s multi‐tenanted properties as well as non‐contribution from 1 Tuas Avenue 4 ‐ which is vacant ‐ and 6 Woodlands Loop ‐ which was divested in 1Q 2018”. Higher occupancy in 39 Ubi Road 1 partially offset the decline. NPI also performed poorly, falling 2.8% year-on-year to S$12.6 million.
Units in Sabana Shariah Compliant REIT ended Friday at S$0.44 per unit, giving a PB ratio of 0.8 and a distribution yield of 7.5%.
Suntec Real Estate Investment Trust (SGX: T82U)
Suntec REIT is the first composite REIT in Singapore, owning both retail and office properties. Its portfolio includes Suntec City, a one-third interest in One Raffles Quay, a commercial building in Australia’s Sydney and a 50% stake in Southgate Complex in Melbourne, Australia.
It is paying out 2.474 Singapore cents per unit for the second quarter.
For the three months ended 30 June 2018, gross revenue rose 3.7% year-on-year to S$90.5 million primarily due to higher contribution from the convention and retail spaces, which was partially offset by lower contribution from Suntec City office as some of the committed leases will start progressively during the year. NPI improved 2.2% to S$60.7 million while income contribution from joint ventures grew 3.7% to S$22.6 million.
Suntec REIT units last changed hands at S$1.85 apiece on Friday. This gives a PB ratio of 0.9 and a distribution yield of 5.4%.
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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 shares in any companies mentioned.