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.
SINGAPORE (May 16): Maybank Kim Eng is keeping its “buy” rating on Viva Industrial Trust (VIT) with a target price of $1.05.
The trust on Tuesday reported 1Q18 distribution per stapled security (DPS) dropped 0.9% to 1.838 cents, compared to 1.854 cents in 1Q17.
