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AIMS AMP Capital Industrial Reit's Q3 FY2015 DPU up 2.2% to 2.83 cents

AIMS AMP Capital Industrial Reit Management, as manager of AIMS AMP Capital Industrial Reit, on Thursday announced a distribution per unit (DPU) of 2.83 Singapore cents for the third quarter ended Dec 31, 2014 (Q3 FY2015), an increase of 2.2 per cent from 2.77 Singapore cents a year ago.

This comes after total distribution to unitholders rose 21 per cent to S$17.7 million, up from S$14.6 million in Q3 FY2014.

Net property income (NPI) grew 9.7 per cent from S$18.7 million to S$20.5 million for the quarter, backed by rental contribution from completed developments at 103 Defu Lane 10 and Phase 2E of 20 Gul Way, and maiden rental contribution from Phase Three of 20 Gul Way.

Gross revenue came up to S$29.7 million, up 8.8 per cent from the previous year's S$27.3 million, in line with the increase in NPI.

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For the third quarter, AIMS maintaine d a prudent aggregate leverage of 31.7 per cent, and increased unencumbered assets to 13 properties, with a total value at S$527.2 million, representing about 42.9 per cent of the Singapore portfolio of S$1.23 billion as at Dec 2014.