ESR-REIT   

Cambridge Ind Trust Results Announcement

Price still kept falling despite CD. each day falls 1 c, today low @ 0.73. waiting to long but what price? 0.72?

 

Cambridge Industrial Trust (HD▼ , TP:S$0.77▼ ) - Going overseas
CREIT&rsquo s 1H14 results were in line with expectations, with its DPU forming 48% of our FY14 forecast. Management highlighted that the REIT will look to acquire assets in overseas markets such as Australia, Japan and Malaysia. Although we recognise this as an avenue that most REITs might have to take eventually for growth reasons, we downgrade CREIT to Hold from Add as we see limited growth in the near term. Our DDM-based (discount rate:7.9%) target price goes down to S$0.77, as we lower our FY14-16 forecasts by c.2.2% to reflect the slower local industrial market. We expect potential re-rating catalysts from future yield-accretive acquisitions.   

 

 

can anyone help? is cambridge formed double top at recent high? 0.755 is the neckline? Thks

 

 

NOTICE OF BOOKS CLOSURE AND DISTRIBUTION PAYMENT DATE

NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Cambridge Industrial Trust (" CIT" ) will be closed at 5.00 pm on 4 August 2014 for the purpose of determining Unitholders&rsquo entitlements to CIT&rsquo s distribution.

CITM has announced a distribution of 1.251 cents per unit for Cambridge units for the period 1 April 2014 to 30 June 2014 comprising distributions from the following:

 Taxable income 1.022 cents per unit

 Capital 0.134 cents per unit

 Capital gains 0.093 cents per unit

 Tax-exempt income 0.002 cents per unit

Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with CIT units as at 5.00 pm on 4 August 2014 will be entitled to the distributions that will be paid on 10 September 2014.

 

 

Going to test 0.80. Good luck.

 

New formula cuts performance fee by up to 50%, so more cash can go back to unitholders.

Under the old formula , performance fees for 6 mths enede 30.6.13 : $ 27.7M

The mgt waived half  & accpeted payment of $ 13.9M

Saving :$ 13.8M / 1,242 M (UH as at 30.3.14) = 1.11c X 2 = 2.22c p.a.

 

junction      ( Date: 18-Apr-2014 12:31) Posted: Thats good news to investors.  No wonder it went up yesterday.  Yield is good.  I think can buy some to keep. WanSiTong      ( Date: 17-Apr-2014 17:10) Posted:   CIT Reduces Performance Fees in Favour of Unitholders Singapore, 17 April 2014 &minus Speaking at today&rsquo s fifth Annual General Meeting, the Manager of Cambridge Industrial Trust has announced it has decided to unilaterally reduce the Trust&rsquo s performance fee calculation in favour of Unitholders. The Tier 2 performance fee will be reduced to 5% from 15% which effectively cuts the performance fees by up to 50%. " As you can recall, the Trust strongly outperformed the benchmark index last year, we were entitled to a performance fee of S$27.7 million. The board took the decision to reduce this by 50% to S$13.9 million. In response to feedback from Unitholders over the quantum of performance fees in 1H2013, the board has decided to adjust the way the performance fee is calculated. The revised calculation will permanently reduce the fees by about half." said Dr Chua Yong Hua, Chairman of the board. Management was congratulated by Unitholders for being the best performing industrial REIT in 2013 and for listening to them by amending the performance fees.

 

Thats good news to investors.  No wonder it went up yesterday.  Yield is good.  I think can buy some to keep.

WanSiTong      ( Date: 17-Apr-2014 17:10) Posted:   CIT Reduces Performance Fees in Favour of Unitholders Singapore, 17 April 2014 &minus Speaking at today&rsquo s fifth Annual General Meeting, the Manager of Cambridge Industrial Trust has announced it has decided to unilaterally reduce the Trust&rsquo s performance fee calculation in favour of Unitholders. The Tier 2 performance fee will be reduced to 5% from 15% which effectively cuts the performance fees by up to 50%. " As you can recall, the Trust strongly outperformed the benchmark index last year, we were entitled to a performance fee of S$27.7 million. The board took the decision to reduce this by 50% to S$13.9 million. In response to feedback from Unitholders over the quantum of performance fees in 1H2013, the board has decided to adjust the way the performance fee is calculated. The revised calculation will permanently reduce the fees by about half." said Dr Chua Yong Hua, Chairman of the board. Management was congratulated by Unitholders for being the best performing industrial REIT in 2013 and for listening to them by amending the performance fees.

 

 

CIT Reduces Performance Fees in Favour of Unitholders

Singapore, 17 April 2014 &minus Speaking at today&rsquo s fifth Annual General Meeting, the Manager of Cambridge Industrial Trust has announced it has decided to unilaterally reduce the Trust&rsquo s performance fee calculation in favour of Unitholders.

The Tier 2 performance fee will be reduced to 5% from 15% which effectively cuts the performance fees by up to 50%.

" As you can recall, the Trust strongly outperformed the benchmark index last year, we were entitled to a performance fee of S$27.7 million. The board took the decision to reduce this by 50% to S$13.9 million. In response to feedback from Unitholders over the quantum of performance fees in 1H2013, the board has decided to adjust the way the performance fee is calculated. The revised calculation will permanently reduce the fees by about half." said Dr Chua Yong Hua, Chairman of the board.

Management was congratulated by Unitholders for being the best performing industrial REIT in 2013 and for listening to them by amending the performance fees.

 

 

 

 

UNILATERAL ADJUSTMENT TO PERFORMANCE FEES IN FAVOUR OF UNITHOLDERS

1. REVIEW AND ADJUSTMENT TO PERFORMANCE FEE COMPUTATION

Following a review by the Board, Cambridge Industrial Trust Management Limited, as manager of Cambridge Industrial Trust (" CIT" and the manager of CIT, the " Manager" ), has decided to waive a certain portion of its performance fee in certain circumstances with immediate effect, for the benefit of unitholders of CIT (the " Unitholders" ).

http://infopub.sgx.com/FileOpen/17042014SGXCITAnnouncement_Performance%20Fees%20Adjustment_Final.ashx?App=Announcement& FileID=291982

 

 

 

...

Halted.

 

another M& A story?  taken private ??

 

 

 

Thks Wan kor. My quarterly kopi at starbuck. Wohooo. 

WanSiTong      ( Date: 16-Apr-2014 08:04) Posted: Effectively, annuallized yield  about 6.85% ....huat arh !!   WanSiTong      ( Date: 16-Apr-2014 07:59) Posted:   NOTICE OF BOOKS CLOSURE AND DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Cambridge Industrial Trust (" CIT" ) will be closed at 5.00 pm on 25 April 2014 for the purpose of determining Unitholders&rsquo entitlements to CIT&rsquo s distribution. CITM has announced a distribution of 1.251 cents per unit for Cambridge units for the period 1 January 2014 to 31 March 2014 comprising distributions from the following: &bull Taxable income 1.141 cents per unit &bull Capital gains 0.108 cents per unit &bull Tax-exempt income 0.002 cents per unit Total : 1.251 c Ex date : 23/4 Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with CIT units as at 5.00 pm on 25 April 2014 will be entitled to the distributions that will be paid on 4 June 2014.

 

Effectively, annuallized yield  about 6.85% ....huat arh !!

 

WanSiTong      ( Date: 16-Apr-2014 07:59) Posted:   NOTICE OF BOOKS CLOSURE AND DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Cambridge Industrial Trust (" CIT" ) will be closed at 5.00 pm on 25 April 2014 for the purpose of determining Unitholders&rsquo entitlements to CIT&rsquo s distribution. CITM has announced a distribution of 1.251 cents per unit for Cambridge units for the period 1 January 2014 to 31 March 2014 comprising distributions from the following: &bull Taxable income 1.141 cents per unit &bull Capital gains 0.108 cents per unit &bull Tax-exempt income 0.002 cents per unit Total : 1.251 c Ex date : 23/4 Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with CIT units as at 5.00 pm on 25 April 2014 will be entitled to the distributions that will be paid on 4 June 2014.

 

 

NOTICE OF BOOKS CLOSURE AND DISTRIBUTION PAYMENT DATE

NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Cambridge Industrial Trust (" CIT" ) will be closed at 5.00 pm on 25 April 2014 for the purpose of determining Unitholders&rsquo entitlements to CIT&rsquo s distribution.

CITM has announced a distribution of 1.251 cents per unit for Cambridge units for the period 1 January 2014 to 31 March 2014 comprising distributions from the following:

&bull Taxable income 1.141 cents per unit

&bull Capital gains 0.108 cents per unit

&bull Tax-exempt income 0.002 cents per unit

Total : 1.251 c

Ex date : 23/4

Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with CIT units as at 5.00 pm on 25 April 2014 will be entitled to the distributions that will be paid on 4 June 2014.

 

 

Expect CIT tomorrow morning results to show gradual increment in revenue and dpu distribution.

 

Yes, every quarter without fail....  distribute kopi $$$...Huat arh!

 

linsong88      ( Date: 15-Apr-2014 11:26) Posted: It' s quite a stable REITS.... so maybe wont be dissapointing ... But wont be surpising too ... Just my 2 cent... bishan22      ( Date: 15-Apr-2014 11:09) Posted: Result announcement: 16/4/2014. Good luck.

 

It' s quite a stable REITS.... so maybe wont be dissapointing ... But wont be surpising too ... Just my 2 cent...

bishan22      ( Date: 15-Apr-2014 11:09) Posted: Result announcement: 16/4/2014. Good luck.

 

Result announcement: 16/4/2014. Good luck. 

 

 

No one is indispensable..