Viva Industrial Trust posts 6.8% rise in DPS to 1.75 cents on higher revenue

SINGAPORE (July 27): Viva Industrial Trust (VIT) posted a 6.8% rise in distribution per stapled security (DPS) to 1.75 cents in 2Q16 from 1.638 cents in the preceding quarter.

However, this is still lower than the DPS of 1.849 cents posted in the corresponding quarter last year, due to an enlarged share base following the completion of two private placements and a preferential offering in FY15.

VIT’s current portfolio as at 30 June 2016 comprises eight industrial properties with an aggregate valuation of $1.2 billion, which was 24.0% higher than that as at 30 June 2015.

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