Viva Industrial Trust's distribution per stapled security (DPS) fell 2.4% to 1.647 cents in the third quarter ended Sept 30, 2015, from 1.687 cents a year ago.
The lower DPS was mainly due to the issuance of 80.3 million new stapled securities under the recent placement exercise completed in June, which was to partially fund the asset enhancement initiative (AEI) project at Technopark@Chai Chee (TPCC).
Revenue jumped 23.1% to $18.4 million from $14.9 million previously.
This was mainly driven by additional rental contribution from Jackson Square and Jackson Design Hub, as well as higher rental and other income from TPCC.
Net property income jumped 29.6% to $12.5 million from $9.6 million a year earlier, while distributable income grew 15.1% to $11.6 million from $10.1 million.
The manager for Viva says it will continue to "proactively" manage the portfolio to grow its income organically amid the continued market uncertainties.
It adds that it will continue to keep abreast of market and industry developments, and make the "necessary adjustments" to remain competitive.
Viva ended lower at 75 cents yesterday.
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The lower DPS was mainly due to the issuance of 80.3 million new stapled securities under the recent placement exercise completed in June, which was to partially fund the asset enhancement initiative (AEI) project at Technopark@Chai Chee (TPCC).
Revenue jumped 23.1% to $18.4 million from $14.9 million previously.
This was mainly driven by additional rental contribution from Jackson Square and Jackson Design Hub, as well as higher rental and other income from TPCC.
Net property income jumped 29.6% to $12.5 million from $9.6 million a year earlier, while distributable income grew 15.1% to $11.6 million from $10.1 million.
The manager for Viva says it will continue to "proactively" manage the portfolio to grow its income organically amid the continued market uncertainties.
It adds that it will continue to keep abreast of market and industry developments, and make the "necessary adjustments" to remain competitive.
Viva ended lower at 75 cents yesterday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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