UNIT
PERFORMANCE
In 2014, Sabana REIT continued to generate one
of the top distribution yields in the Singapore REIT
space
1
. While the total return in FY 2014 decreased
by 6.2%
2
, total return between the date of listing and
31 December 2014 was a solid increase of 23.8%
3
.
Sabana REIT closed at S$0.94 on 31 December 2014,
13.0% lower than the opening Unit price of the year,
translating to a market capitalisation of approximately
S$681.1 million
4
.
TRADING DATA BY YEAR
Unit Price (S$)
2014
2013
2012
2011
Opening
1.080
1.145
0.875
0.975
Last done at year-end
0.940
1.080
1.140
0.875
Highest
1.085
1.380
1.150
1.020
Lowest
0.905
1.035
0.875
0.835
Unit price performance (%)
5
(13.0)
(5.7)
30.3
(10.3)
Trading volume (million units)
282.4
411.7
298.9
304.6
RETURN ON INVESTMENT
(From 1 January 2014 to 31 December 2014)
%
Total Return
2
(6.2)
Capital Appreciation
6
(13.0)
Distribution Yield
7
7.8
RETURN ON INVESTMENT
(Since listing on 26 November 2010 to 31 December 2014)
%
Total Return
3
23.8
Capital Appreciation
8
(10.5)
Annualised Distribution Yield
9
9.3
1
“28 REITs and six stapled trusts averaged 2014 total return of 13%”. Singapore Exchange. 5 January 2015.
2
Source: Bloomberg.
3
Source: Bloomberg.
4
Based on 724,523,716 Units issued as at 31 December 2014.
5
Difference between the closing unit price on the last trading day of the year and the opening unit price on the first trading day of the year.
6
Difference between the closing unit price on 31 December 2014 and the opening unit price on 2 January 2014.
7
Based on total DPU declared for FY 2014 and Unit price of $0.94 as at 31 December 2014.
8
Difference between the closing unit price on 31 December 2014 and the IPO issue price of S$1.05.
9
Based on annualised DPU declared since IPO (total DPU divided by four years, one month); Unit price of S$0.94 as at 31 December 2014.
SABANA REIT
|
ANNUAL REPORT 2014
21
