Viva's maiden DPS of 1.08 cents in line with forecast

VIVA Industrial Trust yesterday announced a distribution per stapled security (DPS) of 1.08 cents, just under its forecast of 1.082 cents for the period Nov 4 to Dec 31, 2013.

Income available for distribution was $6.4 million, as forecast. This came on the back of gross revenue of $9 million, and net property income of $6 million - both of which exceeded its forecast in its prospectus.

The trust is a stapled group comprising Viva Industrial Reit and Viva Industrial Business Trust. It was listed only last November.