(01-06-2011, 04:59 PM)Nick Wrote: [ -> ]It would be interesting to calculate which REIT has provided the highest average annual returns to its IPO unit-holders and whether are there any with negative returns. I compiled similar stats for business trust and all but two under-performed fixed deposits !
Yes it would, Nick.
Offhand, I can share with you some yield figures, taking into account rights issue I have participated since listing. Absolute yield is capital gain. Aggregate yield includes all distributions. The p.a. figures are just the yield divided by the no of yrs since listing.
1) SuntecREIT (no Rights or PO issue since listing)
Absolute yield = 50%; 7.79% p.a.
Aggregate Yield = 106%; 16% p.a.
2) Mapletree Log (1 Rights in '08+ 1 PO in '10)
Absolute yield = 24.9%; 4.27% p.a.
Aggregate Yield = 52%; 8.93% p.a.
3) Starhill Gbl fka MACQUARIE MEAG PRIME REIT(Rights in '09)
Absolute yield = 14.9%; 2.6% p.a.
Aggregate Yield = 40.8%; 7.2% p.a.
4) FrasersComm fka Allco (Rights in '07 and '09)
Absolute yield =
-43%; -8.4% p.a.
Aggregate Yield =
-26%; -5.3% p.a.
5) FrasersCT (no Rights or PO issue since listing)
Absolute yield = 42.7%; 8.8% p.a.
Aggregate Yield = 74%; 15.4% p.a.
6) CDL HTrust ( PO in '07)
Absolute yield = 99%; 20.5% p.a.
Aggregate Yield = 131%; 27.2% p.a.
7) AIMSAMP I Reit fka MacArthurCook I REIT (Rights in '09 and '10)
Absolute yield =
-34%; -8.4% p.a.
Aggregate Yield =
-18%; -4.5% p.a.
8) PLife (no Rights or PO issue since listing)
Absolute yield = 42.2%; 11.2% p.a.
Aggregate Yield = 61%; 16.3% p.a.
9) Saizen REIT (Rights in '09)
Absolute yield =
-55%; -15,4% p.a.
Aggregate Yield =
-50%; -15.9% p.a.
10) CLT (no Rights or PO issue since listing)
Absolute yield = 6.8%; 6.3% p.a.
Aggregate Yield = 14.6%; 13.5% p.a.
11) Mapletree Industrial (no Rights or PO issue since listing)
Absolute yield = 24.7%
Aggregate Yield = 27.3%
Pls note that for some of the above REITs, I added position along the way and for Saizen I had exercised warrants. So the above may not be a true reflection of the REIT's performance since listing.
Regardless, the above clearly shows that most REITs are giving more than decent returns to unitholders.
From the above, my top 3 performing REITs are CDL Htrust, PLife REIT and Suntec REIT.
