OVERVIEW AND
FINANCIAL REVIEW
8.0%
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
7.6%
6.4%
2.6%
2.5%
1.9%
0.3%
1.2%
5.0%
5.1%
5.7%
7.3%
CDLHT Distribution
Yield
(17)
FTSE ST REIT Index
Dividend Yield
10-year Singapore
Government Bond
CPF Ordinary
Account
5-year Singapore
Government Bond
12-month Bank Fixed
Deposit Rate
OVERVIEW AND FINANCIAL REVIEW
STAPLED SECURITY PRICE STATISTICS
CDLHT closed at a price of S$1.325 per Stapled Security as at 31 December 2015. Since IPO, the Stapled Security’s price
has appreciated by 59.6%. In year 2015, the Stapled Security’s price decreased 23.9% from S$1.740, the closing price as at
31 December 2014.
Assuming an investor held the Stapled Securities from IPO till 31 December 2015 and reinvested the distributions received
in Stapled Securities of CDLHT, the total return to the investor would have been 182.7%. For FY 2015, the total return would
have been -18.9%, as a result of the decrease in the Stapled Security’s price.
Summary of Stapled Security Price Statistics
IPO as at 19 July 2006
S$0.830
Closing Price as at 31 December 2014
S$1.740
Closing Price as at 31 December 2015
S$1.325
Highest Price in FY 2015
S$1.800
Lowest Price in FY 2015
S$1.255
Weighted Average Price in FY 2015
S$1.569
Trading Volume in FY 2015 (Number of Stapled Securities)
326.6 million
Source: Bloomberg
Stapled Security Price Performance
From 1 Jan 2015
Since Listing
to 31 Dec 2015
on 19 Jul 2006
to 31 Dec 2015
Price Change
-23.9%
(14)
59.6%
Total Return
-18.9%
(15)
182.7%
(15)
Source: Bloomberg
DISTRIBUTION YIELD VERSUS OTHER INVESTMENT INSTRUMENTS
(16)
(14)
Calculation of the price change is based on the closing price on 31 December 2015 compared with the closing price on 31 December 2014.
(15)
Calculation of the total return assumed the distributions paid out during the period are reinvested in Stapled Securities of CDLHT.
(16) All information as at 31 December 2015.
(17) Based on CDLHT’s DPU of 10.06 cents for FY 2015 and closing price of $1.325 as at 31 December 2015.
Source: Bloomberg, MAS, CPF and Singapore Government Securities
25
Annual Report 2015
