AA Reit posts 1.8% drop in fiscal Q2 DPU

Singapore

FACED with rental pressures, AIMS AMP Capital Industrial Real Estate Investment Trust (AA Reit) posted a 1.8 per cent drop in distribution per unit (DPU) from a year ago to 2.75 Singapore cents for the second fiscal quarter ended Sept 30.

Gross revenue was 4.3 per cent lower year on year at S$29.91 million, dragged by lower rental contributions for the properties at 27 Penjuru Lane, 8 and 10 Pandan Crescent and 11 Changi South Street 3, as well as the loss in revenue due to the redevelopment of 30 and 32 Tuas West Road and 8 and 10 Tuas Avenue 20.