Viva Industrial Trust Q4 DPS grows 5.5% with positive rental reversions

VIVA Industrial Trust's distribution per stapled security (DPS) rose 5.5 per cent to 1.857 Singapore cents for the fourth quarter as net property income grew 14.3 per cent to S$20.7 million.

Gross revenue for the three months ended Dec 31, 2017 increased by 10.8 per cent to S$28.3 million, supported by positive rental reversions achieved at UE BizHub East and Viva Business Park, as well as by contributions from 6 Chin Bee Avenue, the company said on Friday.

For the full year, net property income rose 19.5 per cent to S$81.8 million, and the group's overall portfolio achieved 2.6 per cent positive rental reversion.

Viva is a Singapore-focused business park and industrial property trust, while Viva Industrial Trust is a stapled group comprising Viva Industrial Real Estate Investment Trust, as well as Viva Industrial Business Trust.