StarHill Global Reit Q3FY2012

Gross Revenue                            = $46.3m
NPI                                            = $36.4m
DPU Available For Distribution   = $24.7m
DPU                                           = 1.11 cents
Total Debt                                   = $877m
Gearing                                       = 31.2%
Interest Cover                             = 4.9
Avg Interest Rate                        = 3.13%
Unencumbered Asset Ratio        = 42%
NAV (Ajusted)                          = 0.94cents
Total Assets                               =$2,808,142,000
Total Liabilities                         =$958,640,000
Net Assets                                 = $1,849,502,000
Free Float                                  = 60% (exclude YTL &AIA)

SingPost Q2FY2012/2013

Revenue                                        = $153.7M
Underlying Net Profit                    = 32.7M
Operating Profit                            = $43.273M
Net Profit                                      = $30.6M

Mail  Revenue                             = $105.5M (Profit $33.1M)
Logistics Revenue                       = $55.3M (Profit $2.3M)
Retail Revenue                            = $17.9M (Profit $3.1M)
Others (Profit)                             = $4.763M

Net Debt                                    = 0.8X
EBITDA/Interest                        = 17.1
EPS                                           = 1.540 cents
NAV                                         = 34.53 cents

Ascendas Indis Trust 2QFY2012/2013

Results for 2Q FY2012/2013 released on 25th Oct 2012

DPU                                                      =  1.2 cents
Total Property Income                            =  $31.9m
NPI                                                        = $19.0m
Income Available For Dist                       = 1.34 cents
DPU                                                       = 1.20 cents
NAV                                                       = 0.64 cents
Interest Cover                                          = 4.1
Gearing                                                    = 22%
Percentage Fixed Rate Debt                     = 100%
Average Cost Of Debt                              = 6.1%
Debt Headroom (40% Gearing)                = $230m

Currently at S$1 to INR 44.1. Largest tenant account for 5% of portfolio rent. A $100m Private Placement at 72 cents this quarter. SGD strengthen against IDR by 16% yoy.

Suntec Reit Q3FY2012

Results of Q3FY2012 released on 25/10/2012

DPU (Q4FY2011)                       =    2.350cts
Net Property Income                    =    $38,400,000
Income Available For Distribution =    $52,800,000

Total Assets  =   $7,493,000,000
Total Debts   =   $2,955,000,000
Net Assets     =  $4,427,000,000
EPS               = 1.494 cents
NAV              = $1.946

Debt-to-Asset Ratio = 37.8%
Interest Cover          = 3.9

Corporate Rating = "Baa2"
Average All-in Financing Cost  = 2.85%

Avg Rent PSF = $10.10 psf per month. Significant drop in NPI due to AEI.

First Reit Q3FY2012

Results for Q3FY2012 released on 24/10/2012.

NAV (as at 31th 2011)  = 79.07 cents
DPU (Q4FY2011)         = 1.68 cents
Annualized DPU            = 7.17 cents
Total Assets                   = $646,966,000
Total Liability                = $147,591,000
Total Borrowing            = $97,000,000
Net Property Income      = $14,175,000
Distributable Income       = $10,615,000

K-Green 3QFY2012

Revenue                                         $17,033K
Net Profits                                     $3,534K
Net Assets                                     $659,326K
Cash & Cash Equiv                        $28,982K
EPS                                               1.81 cents (1HFY2012 : 1.25 cents)
Adjusted NAV                               $1.05 (as at 30th Sept 2012)

SPH FY2012

Operating Revenue                           $1,292,736K
Newspaper & Mag Revenue            $1,002,762K
Property Revenue                             $191,421K
Others Revenue                                $78,730K
Net Profit After Tax                         $369,358K
Total Assets                                     $4,057,245,000
Total Liabilities                               $1,732,183,000
Net Assets                                        $2,325,062,000
CAsh Equiv at End Of Period          $372,459,000
EPS                                                  23 cents
NAV                                                 $1.39

Courts IPO - Beware

Courts is going for IPO again. I believe they were listed before and delisted at below NAV. Now, they are going to the market for more money. Their margin are razor thin for the kind of industry they are in. I see more downside than upside in this sort of IPO.