6 Reits in my Portfolio reported results today and I will receive $1.5k of dividends

It is time for the exciting financial reporting season of the year for many Reits.

By coincidence, these six Reits in my portfolio reported their quarterly financial results today.

1. Capitaland Commercial Trust
2. Aims Apac Reit
3. Suntec Reit
4. Ascendas Reit
5. Mapletree Commercial Trust
6. Frasers Centrepoint Trust

1. Capitaland Commercial Trust

CCT announces a 4.5% year-on-year decline in net property income to $151.1m for 1H 2020 due to rental waivers to tenants in Raffles City, upgrading works and lower occupancies. Portfolio occupancy stands at 95.2% and positive rental reversions are achieved for 479,000 sqm of leases renewed in 1H 2020. DPU drops 24.1% year-on-year for 1H 2020 to 3.34 cents.

Dividend I will receive = 10,000 x 3.34 cents = $334

2. Aims Apac Reit

AA Reit announces an 18.6% year-on-year decrease in net property income to $18.8m for 1Q FY2021 due to waiver of rental for tenants and lower contributions from properties converted from master leases to multi-tenanted leases. Portfolio occupancy increases to 93.6% due to demand for logistics and warehouse space. DPU drops 20% year-on-year for 1Q FY2021 to 2 cents.

Dividend I will receive = 28,800 x 2 cents = $576

3. Suntec Reit

Suntec Reit announces a 20.6% year-on-year decrease in net property income to $90.9m due to lower revenue and weakened AUD. Portfolio occupancy rate is 96.4% and positive rental reversion of 11.1% is achieved for leases renewed in 1H 2020. DPU drops 31.3% year-on-year for 1H 2020 to 3.13 cents, of which 1.533 cents will be paid for 2Q 2020.

Dividend I will receive = 5,000 x 1.533 cent = $76.65

4. Ascendas Reit

A Reit announces a 11.2% year-on-year increase in net property income to $388m due to 30 newly acquired business parks in Dec 2019. Portfolio occupancy rate is 91.5% and positive rental reversion of 4.3% is achieved for leases renewed in 1H 2020. However, DPU drops 10.8% year-on-year to 7.27 cents due to enlarged number of units after rights issue.

Dividend I will receive = 8,000 x 0.727 = $581.60

5. Mapletree Commercial Trust

MCT announces a 10.7% year-on-year drop in net property income to $78.9m due to rental rebates given to eligible retail tenants.Occupancy remains high at 98.2%. Income from Mapletree Business City II acquired in Nov 2019 helps to cushion the drop in income from retail in Vivocity. No DPU is announced as the Reit has changed their DPU frequency to semi annually. It is inevitable that their net property income would be adversely impacted by the Covid-19 circuit breaker measures implemented in 2Q 2020. I would be surprised if there is no drop in DPU.

6. Frasers Centrepoint Trust

FCT announces a 0.6% year-on-year in increase in net property income to $72.3m due to contributions from AsiaRetail Fund offsetting the rental rebates given to retail tenants. Occupancy remains resilient at 94.6%. DPU declines 24.2% to 4.67 cents for 1H 2020 due to larger unit base and retention of cash to provide rental relief for tenants but will not be paid this quarter as the Reit starts to adopt half yearly dividend distribution policy.

Total Dividends declared for me: $1568.25

I am pleased as this is decent passive income for me doing nothing during a pandemic and recession. In peaceful booming times, I believe these Reits would be able to generate much more property income for higher dividend payouts.

Thanks for reading.

With love & peace,
Qiongster