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AIMS AMP Reit's Q2 DPU up 1.8% at 2.8 Singapore cents

AIMS AMP Capital Industrial Reit on Thursday posted a 1.8 per cent increase in distribution per unit (DPU) to 2.8 Singapore cents for the second quarter ended Sep 30, 2015.

Gross revenue rose 3.2 per cent to S$31.3 million; net property income rose 2.4 per cent to S$20.7 million.

This was due to higher rental income from 8 & 10 Pandan Crescent as well as higher recoveries from 29 Woodlands Industrial Park E1, 8 & 10 Pandan Crescent and 23 Tai Seng Drive, it said.

During the quarter, the trust successfully secured 13 new and renewal leases at a weighted average rental increase of 4.7 per cent on the renewals. The trust also managed to improve occupancy to 96.5 per cent from 96.1 per cent for the portfolio.

The distribution will be paid on Dec 23, 2015. The books closure date is Nov 6, 2015.