Acquisitions lift Q2 distribution for Viva Industrial Trust

Singapore

ADDITIONS to its portfolio and some rental support gave a lift to second-quarter income for business park and industrial property landlord Viva Industrial Trust, which partly as a result was able to pay its manager 16 per cent more fees compared with last year.

Distribution per stapled security for the three months ended June 30 climbed 7.3 per cent from the previous year to 1.849 Singapore cents, the trust said in a Singapore Exchange filing on Friday. That increase came on the back of a 14.3 per cent gain in distributable income to S$11.76 million over the same period.