CDLH Trust 1QFY16

NPI                                               $33.7m
Income Available For Dist           $21.9m
DPU                                              2.22 cents
Occupancy                                     86.5%
ARR                                              $199
RevPAR                                        $172
Total Assets                                   $2,512m
Debt                                               $921m
Gearing                                          36.7%
Interest Cover                                 6.0X
Avg Weighted Cost Of Debt          2.5%
NAV                                               $1.5527

China Merchant Pacific 1QFY16

Revenue                          HKD 634,672,000
Net Profit                        HKD 254,305,000
Operating CF                  HKD 782,234,000
Short Term Debt             HKD 675,135,000
Long Term Debt             HKD 8,308,933,000
Cash & Cash Equiv        HKD 2,353,233,000
EPS                                 9.07 HK Cents
NAV                               HKD 5.44

AscendasIndiaTrust 4QFY15/16

Total Property Income                          =  Rupee 1,722m
NPI                                                        =  Rupee 1,114m
Income Available For Dist                   =  $14.4m
DPU                                                      =  1.40 cents (4QFY2015/2016 1.30 cents)
NAV                                                      = 69 cents
Interest Cover                                         = 4.2
Gearing                                                   = 26%
Percentage Fixed Rate Debt                   = 100%
Average Cost Of Debt                            = 6.9%
Effective Borrowings                             = $353m (INR:73%,SGD:27%)

INR:SGD (47.1:1)

StarHillGlobalReit 3QFY15/16

Revenue                                   $53.6m
NPI                                           $41.6m
Income Available For Dist       $28m
DPU                                          1.26 cents
Total Debt                                 $1,124m
Gearing                                     35.4%
Interest Cover                           4.3X
Average Interest Rate               3.15%
Unencumbered Asset Ratio      73%
NAV                                          89 cents

SuntecReit 1QFY2016

Gross Revenue                                 = $78.3m
NPI                                                   = $54m
Distributable Income                        = $60m
DPU                                                  = 2.371 cents
Total Liabilities                                = $3220m
Gearing                                             = 34.7%
All-In-Financing-Cost                      = 2.92%
Interest Coverage Ratio                    = 3.6X
Adjusted NAV                                  = $2.114

FirstReit 1QFY2016

Revenue                             = $26,496K
NPI                                    = $26,207K
Distributable Income         = $16,197K
DPU                                   = 2.11 cents (1QFY2015 2.06 cents)
Total Debt                          = $452m
Gearing                               = 34%
NAV                                   = 103.32 cents

KeppelReit 1QFY2016

Property Income                    $40.5m
NPI                                        $32.4m
Shr of Associates                  $18.8m
Shr of JV                               $6.8m
Income Available for Dist    $54.4m
DPU                                      1.68 cents
NAV                                     $1.42
Gearing                                 39%
Interest Coverage Ratio        4.5
All-in Interest rate                 2.58%
Top Ten Tenants WALE      8 years
Portfolio WALE                    6 years

The office rental sector is facing strong headwind currently but Kreit is buffeted by long WALE overall. After Marina One, DUO and Fraser Tower coming up in 2017 and 2018 respectively,there will no more new supply for prime district area.So hang on, light is at the end of the tunnel.