Viva Industrial Trust posts 5.4% fall in DPS for Q2 following private placements

VIVA Industrial Trust on Wednesday reported a 5.4 per cent fall in distribution per stapled security (DPS) in the second quarter of this year from a year ago, following two private placements and a preferential offering.

Its DPS stood at 1.75 Singapore cents in Q2, compared to 1.849 Singapore cents in Q2 2015.

Distributable income rose 28.8 per cent to S$15.1 million from a year ago, following a boost in net property income.

The trust registered an additional rental contribution of S$2.6 million from Home-Fix Building and 11 Ubi Road 1, which were acquired in November 2015.