There are three real estate investment trusts (REITs) going ex-dividend this week. In other words, you need to own them before a particular day during the week if you wish to receive their distributions. Let’s look further.
Tuesday, 12 February 2019
On Tuesday, CapitaLand Retail China Trust (SGX: AU8U) is going ex-dividend. The REIT owns 11 shopping malls in China, diversified eight Chinese cities.
CapitaLand Retail China Trust is dishing out 4.83 cents per unit for the period from 1 July to 31 December 2018.
For the full year ended 31 December 2018, the REIT’s gross revenue fell 2.8% year-on-year to S$222.7 million while its net property income (NPI) dipped 1.2% to S$147.4 million.
However, distributable income grew 9.4% to S$99.7 million due to the newly-acquired Rock Square and improved performance from the REIT’s core multi-tenanted malls. Distribution per unit (DPU) increased by a lesser extent at 1.2% to 10.22 Singapore cents as a result of a larger number of units in issue following a private placement in December 2017.
CapitaLand Retail China Trust closed at S$1.48 on Friday, translating to a price-to-book (PB) ratio of 0.9 and a trailing distribution yield of 6.9%.
Wednesday, 13 February 2019
Fortune Real Estate Investment Trust (SGX: F25U), which owns retail assets and car park spaces in Hong Kong, is pencilled in to go ex-dividend on Wednesday.
Fortune REIT is paying out 24.94 Hong Kong cents per unit for the period between 1 July and 31 December 2018.
Revenue for the REIT’s full year ended 31 December 2018 inched up by 0.2% to HK$1.94 billion, and its NPI grew 1% to HK$1.47 billion. The improved performance was due to “positive rental reversion from the retail portion as well as increased car park income”.
Fortune REIT income available for distribution in 2018 rose 1.6% to HK$986.2 million, and DPU climbed 1% to 51.28 HK cents.
The retail REIT’s units last traded at HK$9.74 apiece on Friday. At that price, the REIT had a PB ratio of 0.6 and a trailing distribution yield of 5.3%.
Wednesday, 13 February 2019
On the same day as Fortune REIT, AIMS AMP Capital Industrial REIT (SGX: O5RU) is going ex-dividend. The REIT owns 26 industrial properties, 25 of which are in Singapore and the remaining property is in Australia.
AIMS AMP Capital Industrial REIT is giving out 2.5 Singapore cents per unit for its third quarter period.
For the three months ended 31 December 2018, gross revenue improved by 3.3% year-on-year to S$29.8 million while its NPI grew 1.1% to S$19.4 million. However, DPU for the quarter declined by 4.6%, from 2.62 Singapore cents to 2.50 Singapore cents.
AIMS AMP Capital Industrial REIT ended Friday at S$1.40, giving a PB ratio of 1.0 and a trailing distribution yield of 7.2%.
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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 a recommendation on CapitaLand Retail China Trust. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.