ESR-REIT's UE BizHub EAST. (Photo: REITsWeek)ESR-REIT's UE BizHub EAST. (Photo: REITsWeek)

Viva Industrial Trust has reported a distribution per stapled security (DPS) of 1.857 Singapore cents for its 4Q 2017, an increase of 5.5% over the 1.76 cents achieved in the corresponding quarter of 2016.

This after its gross revenue and net property income grew by 10.8% and 14.3% year-on-year to reach SGD28.3 million (USD21.6 million) and SGD20.7 million respectively for the quarter, while distributable income came in 9.5% higher at SGD17.5 million.

Subsequently, the trust’s DPS for FY 2017 was recorded at 7.472 cents, 7.4% higher than the 6.958 cents achieved in FY 2016.

Viva Industrial Trust has described its performance for 2017 as one that was achieved despite a soft industrial market in Singapore.

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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.