AIMS AMP Capital Industrial REIT sees 7.3% fall in DPU for 2Q 2018

0

AIMS AMP Capital Industrial REIT has reported a distribution per unit (DPU) of 2.55 Singapore cents for its 2Q 2018, a decrease of 7.3% from the 2.5 cents achieved in the corresponding period of the previous financial year.

The Singapore-listed REIT’s gross revenue for the quarter fell by 1.3% year-on-year to SGD29.5 million, while net property income (NPI) increased by 0.7% to SGD19.4 million.

Correspondingly, the REIT’s distribution to unitholders slid by 6.9% to SGD16.3 million.

The REIT’s portfolio occupancy as at 30 September 2017 has also fallen to 88.8%, from 91% in June 2017, while weighted average lease expiry (WALE) slid marginally to 2.43 years from 2.48 years in the previous quarter.

To read the full article, please login or register.

Share.

About Author

Ridzwan Rahmat has been analysing Singapore-listed REITs and business trusts, since 2008. For disclosure purposes, Ridzwan is currently vested in Mapletree Greater China Commercial Trust, Mapletree Industrial REIT and Mapletree Logistics Trust.

Comments are closed.