AIMS AMP Reit's Q2 DPU up 1.8% at 2.8 Singapore cents
AIMS AMP Capital Industrial Reit on Thursday posted a 1.8 per cent increase in distribution per unit (DPU) to 2.8 Singapore cents for the second quarter ended Sep 30, 2015.
Gross revenue rose 3.2 per cent to S$31.3 million; net property income rose 2.4 per cent to S$20.7 million.
This was due to higher rental income from 8 & 10 Pandan Crescent as well as higher recoveries from 29 Woodlands Industrial Park E1, 8 & 10 Pandan Crescent and 23 Tai Seng Drive, it said.
During the quarter, the trust successfully secured 13 new and renewal leases at a weighted average rental increase of 4.7 per cent on the renewals. The trust also managed to improve occupancy to 96.5 per cent from 96.1 per cent for the portfolio.
The distribution will be paid on Dec 23, 2015. The books closure date is Nov 6, 2015.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Deliveroo returns to order growth on strong international demand
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Danone beats Q1 sales forecasts, keeps 2024 goals
Concord to buy Hipgnosis in US$1.4 billion deal
Nokia sees stronger H2 after Q1 comparable profit grows less than expected
TSMC posts first profit growth in a year after global AI boom