AA Reit posts 16.3% rise in DPU for Q4

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 review.

Gross revenue was 2.1 per cent higher at S$30.09 million due to a full quarter of contribution from Phase Three of 20 Gul Way and full quarter rental contribution from 103 Defu Lane 10. However, this was partly offset by lower occupancy for properties at 11 Changi South Street 3 and 1 Kallang Way 2A as the master leases expired in December last year and January this year …