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AA Reit posts 16.3% rise in DPU for Q4

Thursday, April 30, 2015 - 05:50
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The fourth quarter result was boosted by a full quarter's rental contribution from Phase Three of 20 Gul Way, and renewal of leases representing 15,646.7 sq m at a weighted average rental increase of 6.8 per cent on renewals," said Koh Wee Lih, chief executive of the Reit's manager. "Additionally, we maintained high occupancy of 95.8 per cent.

Singapore

AIMS AMP Capital Industrial Reit (AA Reit) chalked up a 16.3 per cent year-on-year increase in distribution per unit (DPU) to 2.92 Singapore cents for the fourth quarter of FY2015.

Distribution to unitholders climbed 17.8 per cent to S$18.37 million for the quarter under