Tuesday, Apr 28, 2015Tuesday, Apr 28, 2015

AIMS AMP Capital Industrial Reit raises distribution per unit by 7.4% for Q3 2013

Published on Jan 29, 2014 8:56 AM

AIMS AMP Capital Industrial Reit will pay 2.77 cents per unit to unitholders for the three months ended Dec 31 last year, a rise of 7.4 per cent compared with the same period a year ago.

Distribution to unitholders increased 26.3 per cent for the Reit's third quarter over a year ago to $14.6 million, the Reit's manager, AIMS AMP Capital Industrial Reit Management, said on Wednesday.

Net property income climbed 26.6 per cent in the period to $18.7 million, while revenue rose 6.1 per cent to $27.3 million.

This was mainly due to rental contributions from the completed redevelopment of 20 Gul Way Phases One and Two, said Mr Koh Wee Lih, the chief executive officer of the Reit's manager.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!