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AIMS AMP Capital Industrial Real Estate Investment Trust (AA Reit) registered a distribution per unit (DPU) of 2.78 Singapore cents in its fourth financial quarter, 5.8 per cent lower compared to the corresponding quarter a year ago.
Full-year DPU came in at 11.05 Singapore cents, a decline of 2.6 per cent from FY2016.
For the three months ended March 31, gross revenue crept up 1.1 per cent to S$30.6 million year-on-year, mainly due to the maiden contribution from the newly completed property at 30 Tuas West Road and higher rental contributions from the property at 27 Penjuru Lane.
This was partially offset by lower rental and recoveries from 20 Gul Way as two phases of the property reverted to multi-tenancy leases on Dec 28, 2016, and Feb 13, 2017.
This brings its full-year gross revenue to S$120.1 million, a dip of 3.4 per cent from the previous year.
Net asset value stood at S$1.3896 as at March 31, 2017, from S$1.4777 in the same period a year ago.
Diluted earnings per unit for the group came in at negative 6.13 Singapore cents in Q4 FY2017, worse than the negative 1.37 Singapore cents in the corresponding period a year ago.
Full-year earnings per unit for the group was 2.12 Singapore cents, compared to 6.44 Singapore cents for FY2016.