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Viva Industrial Trust posts 13.2% rise in 1Q DPS to 1.85 cents

Michelle Zhu
Michelle Zhu4/28/2017 08:37 AM GMT+08  • 2 min read
Viva Industrial Trust posts 13.2% rise in 1Q DPS to 1.85 cents
SINGAPORE (April 28): The manager of Viva Industrial Trust (VIT) has declared a distribution per stapled security (DPS) of 1.854 cents, 13.2% higher from the 1.638 cents announced in the previous year.
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SINGAPORE (April 28): The manager of Viva Industrial Trust (VIT) has declared a distribution per stapled security (DPS) of 1.854 cents, 13.2% higher from the 1.638 cents announced in the previous year.

Gross revenue for the quarter grew 24.9% to $27.4 million as compared to $21.9 million a year ago, mainly due to additional revenue contributions from 6 Chin Bee Avenue and 30 Pioneer Road, which were acquired in 2017 and 2016 respectively.

This was in addition to higher rental and other income contribution from Viva Business Park (VBP), which arose mainly from its retail units and its contestable electricity bulk purchase program, as well as higher rental and other income contributions from UEBH.

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