Viva's Q3 DPS rises despite larger unit base
Higher distribution stems mainly from 3 acquisitions completed in the past year
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Singapore
VIVA Industrial Trust (VIT) has reported a 9.9 per cent increase in distribution per stapled security (DPS) to 1.81 Singapore cents for its third quarter, despite a near 20 per cent enlargement in the unit base compared to a year ago.
The higher distribution was on the back of three acquisitions completed in the past year: two industrial buildings, Home-Fix Building in Tai Seng and 11 Ubi Road 1, and 30 Pioneer Road, a logistics development, as well as higher rental and other income contribution from its Viva Business Park (formerly Technopark@Chai Chee).
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