Viva Industrial Trust's full year payout in line with forecast

SINGAPORE - Viva Industrial Trust, a Singapore-focused business park and industrial property trust, has unveiled a distribution per stapled security (DPS) of 1.701 cents for the quarter ended Dec 31.

This takes Viva's DPS for the full year to 6.833 cents, largely meeting the initial public offering forecast DPS of 6.87 cents.

Distributable income for fourth quarter and full year were $10.3 million and $41 million, respectively.

Based on Viva's closing price of 79.5 cents on Dec 31, the full year DPS translates to an annual yield of 8.6 per cent.

The distribution of 0.606 cent for the period from Dec 2 to Dec 31 will be paid on Feb 27.

An advanced distribution of 1.095 cents for the period from Oct 1 to Dec 1 was paid out on Dec 23.