AIMS AMP Reit's Q3 DPU up 7.4% at 2.77 cents

AIMS AMP Capital Industrial Reit's distribution per unit (DPU) for the third quarter ended December rose 7.4 per cent to 2.77 cents from 2.58 cents a year ago.

This was on the back of distribution to unitholders rising 26.3 per cent, from $11.6 million to $14.6 million.

For the quarter under review, net property income rose 26.6 per cent to $18.7 million from $14.8 million a year ago, while gross revenue rose 6.1 per cent, from $25.7 million to $27.3 million. This was primarily due to the rental contribution from the completed redevelopment of 20 Gul Way Phases One & Two, said Koh Wee Lih, chief executive officer of AIMS AMP Capital Industrial Reit Management, the manager of the trust.