SG Banks - Some Statistcs for Q3

StarHillGlobal 1QFY16/17

Revenue                                   $55.3m
NPI                                           $42.9m
Income Available For Dist       $29.5m
DPU                                          1.30 cents
Total Debt                                 $1,139m
Gearing                                     35.1%
Interest Cover                           4.4X
Average Interest Rate               3.06%
Unencumbered Asset Ratio      73%
NAV                                          91 cents

CDL Hospitality Trust 3QFY16

NPI                                               $34.8m
Income Available For Dist           $24.2m
DPU                                              2.44 cents (3QFY16 3.36cents)
Occupancy                                    90.7%
ARR                                              $186
RevPAR                                        $168
Total Assets                                   $2,525m
Debt                                               $926m
Gearing                                          36.7%
Interest Cover                                 6.0X
Avg Weighted Cost Of Debt          2.4%
NAV                                               $1.5586

AscendasIndia Trust 2QFY16/17

Total Property Income                          =  Rupee 1,841m
NPI                                                        =  Rupee 1,247m
Income Available For Dist                   =  $14.1m
DPU                                                      =  1.37 cents (2QFY2015/2016 1.37 cents)
NAV                                                      = 69 cents
Interest Cover                                         = 3.6
Gearing                                                   = 29%
Percentage Fixed Rate Debt                   = 100%
Average Cost Of Debt                            = 7%
Effective Borrowings                             = $412m (INR:75%,SGD:25%)

CRCT 3QFY16

Gross Revenue                                            RMB 248,788,000
NPI                                                              RMB 161,283,000
NPI                                                              $ 32,766,000
Distributable Income                                   $ 20,550,000
DPU                                                             2.36 cents (2.64 cents for 3QFY15)
NAV (adjusted for dist)                               $ 1.54
Gearing                                                        36.7%
Interest Cover                                              6.2X
Avg Cost Of Debt                                        2.90%
Unencumbered Assets                                 97.8%
Net Debt/EBITDA                                       7.8X

MapleLogistics 2QFY16/17

Revenue                                     = $91,562K
NPI                                            = $76,812K
Amount Distributable to Shrs   = $46,604K
DPU                                          = 1.86 cents
Total Debt                                  - $2,047m
NAV                                          = $1.00
Avg leverage ratio                     = 37.6%
Avg debt duration                      = 3.5years
Interest Cover                            = 5.7X

Ascott Residence Trust 3QFY2016

Revenue                                    $129.9m
Gross Profit                               $57.5m
Unitholders Distribution           $38.7m
DPU                                          2.35 cents
RevPAU                                    $144
Gearing                                      41%
Interest Cover                            4.2X
Effective Interest rate                2.4%
Percentage Of Fixed Debts        80%
NAV                                           $1.30
Weighted Avg Debt to Maturity 4.6 years

SuntecReit 3QFY2016

Gross Revenue                                 = $82.4m
NPI                                                   = $57.2m
Distributable Income                        = $64.3m
DPU                                                  = 2.535 cents
Total Liabilities                                = $3335m
Gearing                                             = 37.8%
All-In-Financing-Cost                      = 2.28%
Interest Coverage Ratio                    = 3.9X
Adjusted NAV                                  = $2.102

FirstReit 3QFY2016

Revenue                             = $26.9m
NPI                                    = $26.6m
Distributable Income         = $16.3m
DPU                                   = 2.12 cents (3QFY2015 2.08 cents)
Total Debt                          = $396m
Gearing                               = 30.0%
NAV                                   = 102.93cents

Gearing reduced from 34% to 30% due to the issuance of $60m subordinated perpertuties to reduee debt

KReit 3QFY2016

Property Income                    $39.5m
NPI                                        $31.6m
Shr of Associates                  $24.7m
Shr of JV                               $7.9m
Income Available for Dist    $52.5m
DPU                                      1.60 cents
NAV                                     $1.41
Gearing                                 39%
Interest Coverage Ratio        4.7
All-in Interest rate                 2.53%
Top Ten Tenants WALE      6.1 years
Portfolio WALE                    8.5 years

Keppel Infrastructure Trust 3QFY2016

DPU                                0.93 cents
Distributable CF             $38.9m
NAV                               31.6 cents
Gearing                           37%

Total Assets                    $4,086m ($3151m ex-Basslink)
Total Liabilities              $2,665m ($1169m, ex-Basslink)
Total Borrowings           $1,753m ($1040m, ex-Basslink)
Cash                                $259m ($208m, ex-Basslin)
Net Debt/EBITDA          7.6X (5.8X, ex-Basslink)

Distributable Cash Flows
City Gas                        $10,090m
Concessions                  $18,221m
KMC                             $11,398m
DC One                         $1,595m
Others                            ($2,418m)
Total                              $38,886m

SPH FY2016

Operating Revenue                    $1,124,349K
Operating Profit                         $305,169K
Investment Income                    $51,753K
Profit After Taxation                 $306,139K
Net Profit Attr To Shrs              $265,293K
Final DPS                                   11 cents
EPS                                            16 cents
NAV                                           $2.18
Cash & Cash Equiv                    $312,894K

Comments: From the table below, SPH is becoming more of a REIT cum investment company rather than a media company. Property and Invesment/Treasury make up more thn 50% of the Profit before tax.

Profit/Loss Before Taxation

Media                              $175,204K
Property                          $149,586K
Investment                      $48,833K
Others                             ($24,405K)
Fair Value Change          $11,823K
Total                               $361,041K

Soilbuild Trust 3QFY2016

Gross Revenue                                                = $19,731K

NPI                                                                  = $17,264K
Distributable Income                                       = $14,551K
DPU                                                                 = 1.399 cents
NAV                                                                 = 77 cents
Leverage                                                          = 36%
Average All-In Interest Ratio                           = 3.42%
Interest Cover                                                  = 4.6X
Weighted Avg Debt Maturity                           = 3.1 years
WALE                                                              = 4.6
Secured Leverage                                             = 14%
Occupancy                                                        = 94.8%