AIMS APAC REIT property at 20 Gul Way. (Photo: AIMS APAC REIT)AIMS APAC REIT property at 20 Gul Way. (Photo: AIMS APAC REIT)

Singapore-listed industrial REIT AIMS AMP Capital Industrial Trust (SGX:O5RU) announced on 23 September that it has listed 1,522,933 new units on the Singapore Exchange.

The new units, priced at SGD1.446 each, were issued conjunction with the REIT's distribution reinvestment plan (DRP) for the period of 1 April to 30 June 2014 (1Q 2015).

Eligible unit holders who opted to participate in the plan will receive their new units based on the distribution amount of 2.55 Singapore cents per unit announced for the period.

With the issue the number of units in circulation for AIMS AMP REIT now stands at 623,049,916.

Separately, the REIT also revealed that the CEO of its manager, George Wang, now holds 45.186 million units in the REIT as a result of a market transaction on 18 September. He purchased 380,000 units at a price of SGD1.435 a piece. Wang's stake in the security now stands at 7.27%.

Units of AIMS AMP REIT are currently listed on the SGX at SGD1.45.

AIMS AMP Capital Industrial REIT property at 20 Gul Way.
AIMS AMP Capital Industrial REIT property at 20 Gul Way.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.