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Viva Industrial declares 3Q DPS of 1.90 cents, up 5% on year despite challenging market

PC Lee
PC Lee10/27/2017 8:3 AM GMT+08  • 2 min read
Viva Industrial declares 3Q DPS of 1.90 cents, up 5% on year despite challenging market
SINGAPORE (Oct 27): The manager of Viva Industrial Trust, the Singapore-focused business park and industrial property trust, has reported 3Q17 DPS increased by 5% to 1.90 cents from 1.81 cents a year ago.
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SINGAPORE (Oct 27): The manager of Viva Industrial Trust, the Singapore-focused business park and industrial property trust, has reported 3Q17 DPS increased by 5% to 1.90 cents from 1.81 cents a year ago.

Wilson Ang, CEO of Viva Industrial Trust Management, the manager of VIT, says, “Despite the challenging market conditions, we are delighted to be able to continue delivering a strong set of financial results for 3Q2017 underpinned by VIT’s resilient portfolio.”

Gross revenue for 3Q17 increased 16.8% to $28.3 million largely attributed to the additional revenue contributions of $1.9 million from 6 Chin Bee Avenue and $1.8 million from VBP across its retail and business park units, and its contestable electricity bulk purchase programme. Net property income grew 18.3% to $20.6 million while distributable income rose 13.6% to $17.9 million.

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