Viva Q3 income up but DPS dips on bigger unit base

Singapore

VIVA Industrial Trust (VIT) achieved a 15.1 per cent year-on-year rise to S$11.6 million in third-quarter distributable income as net property income climbed 29.6 per cent to S$12.5 million.

The growth was underpinned by Viva's focus on securing and retaining tenants, as well as the proactive approach to strengthening its portfolio, said Wilson Ang, CEO of Viva Industrial Trust Management.

But distribution per stapled security (DPS) for the three months ended Sept 30 dipped 2.4 per cent to 1.647 Singapore cents because of an enlarged unit base following the issuance of 80.3 million new stapled securities under a placement exercise that was comple…