There are some real estate investment trusts (REITs) that will be going ex-dividend on Tuesday, 30 October 2018. In other words, you need to own units of the REITs before that day in order to receive their distributions. Let’s take a look at three of them.
First Real Estate Investment Trust (SGX: AW9U)
First REIT is Singapore’s first healthcare REIT which owns 20 healthcare and healthcare-related properties in Indonesia, Singapore, and South Korea.
The REIT is giving out 2.15 Singapore cents per unit for the third quarter.
For the three months ended 30 September 2018, gross revenue increased by 5.1% year-on-year to S$29.2 million while net property income (NPI) went up 5.4% to S$28.9 million.
The higher gross revenue and NPI were due to contributions from the latest acquisitions of Siloam Hospitals Buton, Lippo Plaza Buton, and Siloam Hospitals Yogyakarta. First REIT’s existing properties also contributed to the increased revenue and NPI.
First REIT closed at S$1.23 on Friday. This translates to a price-to-book (PB) ratio of 1.2 and a distribution yield of 7%.
Frasers Centrepoint Trust (SGX: J69U)
Frasers Centrepoint Trust owns seven suburban retail malls in Singapore, including Causeway Point, Northpoint City North Wing, and Anchorpoint.
Frasers Centrepoint Trust is dishing out 2.862 Singapore cents per unit for the fourth quarter.
Gross revenue for the full year ended 30 September 2018 increased by 6.5% year-on-year to S$193.3 million, with NPI growing 5.9% to S$137.2 million.
The main contributor to the increases was Northpoint City North Wing. The mall’s gross revenue and net property income, excluding Yishun 10 retail podium, climbed 26.5% and 35.1% year-on-year, respectively, due to higher average rental and improved occupancy after the completion of the asset enhancement initiative works last year. Causeway Point and Changi City Point also contributed to the overall higher gross revenue for the year.
Units in Frasers Centrepoint Trust ended Friday at S$2.22 per unit, giving a PB ratio of 1.1 and a distribution yield of 5.4%.
Mapletree Commercial Trust (SGX: N2IU)
Mapletree Commercial Trust owns Singapore’s largest shopping mall, VivoCity, and four other commercial properties.
The REIT is paying out 2.27 Singapore cents per unit for the second quarter.
For the three months ended 30 September 2018, gross revenue inched up by 2.5% year-on-year to S$109.9 million while NPI rose 2.2% to S$86.3 million. The improved performance was due to higher contributions from Vivocity, Mapletree Business City I, and Bank of America Merill Lynch HarbourFront.
Mapletree Commercial Trust units last changed hands at S$1.64 apiece on Friday. This gives a PB ratio of 1.1 and a distribution yield of 5.5%.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended units of First Real Estate Investment Trust, Frasers Centrepoint Trust and Mapletree Commercial Trust. Motley Fool Singapore contributor Sudhan P doesn’t own any REITs mentioned.