SINGAPORE - 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 (Jan 26).
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.
