Viva Industrial Trust ( Valuation: 2.00, Fundamental: 1.80) has posted a distribution per stapled security (DPS) of 7 cents for FY2015 ended December, a 2.4% increase from the 6.83 cents DPS announced in FY2014.
VIT is a stapled security which comprises Viva Industrial Real Estate Investment Trust and Viva Industrial Business Trust.
Revenue rose 18.5% to $19.7 million and net property Income rose 24.5% to $13.7 million, as the trust recorded a full year of revenue contribution from Jackson Square and Jackson Design Hub which were acquired in November 2014, as well as new income contributions from Home-Fix Building and 11 Ubi Road 1 acquired in November 2015.
Distributable income rose 20.6% to $12.5million.
During the year, 375,000 sq ft of space were newly leased or renewed, according to the Trust Manager. As of end December, the trust had a portfolio of seven properties with a total value of $1.1 billion.
The manager also added that it will continue to improve the occupancy of its portfolio, and will be pursing investment opportunities for good quality assets, despite the subdued business environment.
Units of Viva closed unchanged at 68 cents on Monday.
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VIT is a stapled security which comprises Viva Industrial Real Estate Investment Trust and Viva Industrial Business Trust.
Revenue rose 18.5% to $19.7 million and net property Income rose 24.5% to $13.7 million, as the trust recorded a full year of revenue contribution from Jackson Square and Jackson Design Hub which were acquired in November 2014, as well as new income contributions from Home-Fix Building and 11 Ubi Road 1 acquired in November 2015.
Distributable income rose 20.6% to $12.5million.
During the year, 375,000 sq ft of space were newly leased or renewed, according to the Trust Manager. As of end December, the trust had a portfolio of seven properties with a total value of $1.1 billion.
The manager also added that it will continue to improve the occupancy of its portfolio, and will be pursing investment opportunities for good quality assets, despite the subdued business environment.
Units of Viva closed unchanged at 68 cents on Monday.
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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