AA REIT’s DPU for 2Q down 1.8% at 2.75 cents

SINGAPORE (Oct 27): AIMS AMP Capital Industrial REIT (AA REIT) has posted a DPU of 2.75 cents for 2Q17, 1.8% lower than the year before.

Gross revenue for 2Q17 of $29.9 million was 4.3% lower compared to the gross revenue of 2Q16 of $31.2 million. This was mainly due to lower rental contributions for the properties at 27 Penjuru Lane, 8 &10 Pandan Crescent and 11 Changi South Street 3 as well as the loss in revenue due to the redevelopment of 30 & 32 Tuas West Road and 8 & 10 Tuas Avenue 20.

Property expenses for the quarter of $10.6 million were comparable to a year ago.

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