AIMS AMP Capital Industrial REIT's 8 Tuas Avenue 20. (Photo: AIMS AMP Capital Industrial REIT)

Amid headwinds in the industrial space market, AIMS AMP Capital Industrial REIT has reported slippages in its weighted average lease expiry (WALE), and rents renewed in 3Q 2019.

This is despite a quarter-on-quarter increase in the REIT’s overall portfolio occupancy, and year-on-year improvements in gross revenue, and net property income (NPI) respectively.

The REIT has reported a distribution per unit (DPU) of 2.5 Singapore cents for its 3Q 2019, unchanged from what was reported in the corresponding period of 2018.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.