CDL Hospitality Trust 1QFY2015

NPI                                               $34,497,000
Income Available For Dist           $26,632,000
DPU                                              2.44 cents
Occupany                                      87.7%
ARR                                              $197
RevPAR                                        $173
Debt                                               $786m
Gearing                                          32.3%
Interest Cover                                7.5X
Avg Weighted Cost Of Debt          2.7%
NAV                                               $1.615

CDL Hospitality Trust currently faces headwind in Australia and NZ due to the soft Aussie economy and currency depreciation vis-à-vis the SG$.Singapore market also show little growth. The only upside is that the two newly acquired Japanese Hotels will help lift DPU from Q4FY2015 onwards.
                                 

StarHillGlobal 5QFY2014/15

Revenue                                   $47.9m
NPI                                           $38.9m
Income Available For Dist       $28.4m
DPU                                          1.26 cents
Total Debt                                 $847m
Gearing                                     28.7%
Interest Cover                            5.4X
Average Interest Rate               3.13%
Unencumbered Asset Ratio      80%
NAV                                          93 cents

AscendasIndia Trust 4QFY14/15

Total Property Income                          =  Rupee 1,518m
NPI                                                        =  Rupee 948m
Income Available For Dist                   =  $13.3m
DPU                                                      =  1.30 cents
NAV                                                      = 68 cents
Interest Cover                                         = 4.2
Gearing                                                   = 25%
Percentage Fixed Rate Debt                   = 100%
Average Cost Of Debt                            = 6.7%
Effective Borrowings                             = $312m (INR:67%,SGD:33%)

INR:SGD (45.2:1)

HPH 1QFY2015

Revenue                                       HK$ 2948.5m
Operating Profit                           HK$ 823.5m
Loss/Profit to Unitholders           HK$ 285.8m
EPS                                              3.28 HK cents
Cash & Cash Equiv                      HK$6895.5m
NAV                                             HK$ 4.90

DBS 1QFY2015

Some Statistics from 1QFY2015

EPS                                    $1.87
Net Book Value                 $15.30
NIM                                    1.69
Cost Income Ratio             43.2%
Non-Interest Income/Total 38.2%
ROA                                   1.02
ROE                                    12.2
LDR                                    86.5
NPL                                     0.9
SP                                         22 basis points
Tier 1 Capital                      13.4
Total Capital                        15.3

CapitalRetail China Trsut 1QFY2015

Gross Revenue                                            RMB 250,354,000
NPI                                                              RMB 158,578,000
NPI                                                              $ 34,548,000
Distributable Income                                   $ 22,181,000
DPU                                                             2.64 cents (2.40 cents for 1QFY14)
NAV (adjusted for dist)                               $ 1.62
Gearing                                                        28.6%
Interest Cover                                              6.4
Avg Cost Of Debt                                        2.99%
Unencumbered Assets                                 96.1%

SuntecReit 1QFY2015

Gross Revenue                                 = $74.5m
NPI                                                   = $51.4m
Distributable Income                        = $56m
DPU                                                  = 2.23 cents
Gearing                                             = 34.8%
All-In-Financing-Cost                      = 2.53%
Interest Coverage Ratio                    = 4.4X
Adjusted NAV                                  = $2.085

SoilBuid Business Trust - Private Placement

Soilbuid Business Trust executed a private placement yesterday for 111,800,000 shares at a price of
$0.805 cents per share. The gross proceeds amount to $90m including the upsize option.The exercise price is at a discount of 2.8% to the VWAP for the full trading day on 22th April which seems reasonable.

Abou $88.4m of the proceeds will go to partially fund the purchase of 72, Loyang Way and $1.6m will go to pay the estimated expenses incurred in this private placement.Aggregate leverage based on pro forma basis will be marginally reduced to 36.1% from 38.5%.

FirstReit 2QFy2015

Revenue                             = $24.7m
NPI                                    = $24.3m
Distributable Income         = $15.2m
DPU                                   = 2.06 cents (8.05 cents annualized)
Total Debt                          = $397.6m
Gearing                               = 33.1%
NAV                                   = 101.94 cents