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Viva Industrial Trust sees 0.9% dip in 1Q DPS to 1.838 cents

Stanislaus Jude Chan
Stanislaus Jude Chan5/15/2018 07:38 PM GMT+08  • 2 min read
Viva Industrial Trust sees 0.9% dip in 1Q DPS to 1.838 cents
SINGAPORE (May 15): The managers of Viva Industrial Trust (VIT) have announced distribution per stapled security (DPS) of 1.838 cents for the 1Q ended March, down slightly by 0.9% from DPS of 1.854 cents a year ago.
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SINGAPORE (May 15): The managers of Viva Industrial Trust (VIT) have announced distribution per stapled security (DPS) of 1.838 cents for the 1Q ended March, down slightly by 0.9% from DPS of 1.854 cents a year ago.

The decline was mainly due to all of the management fees payable to the managers of VIT for 1Q18 being paid in cash, instead of a combination of cash and VIT stapled securities. This was partially offset by the release of all the previously retained distributable income of $1.8 million arising from the Jackson Square Rental Support Settlement.

Without these, 1Q18 DPS would have been 4.9% higher at 1.945 cents.

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