Property operating expenses for 2Q18 of $10.1 million were $0.5 million lower than the property expenses for 2Q17 of $10.6 million mainly due to lower property tax and land rent expenses on certain properties offset by higher costs arising from the reversion of the four phases of 20 Gul Way to multi-tenancy leases and in line with the increase in revenue from 30 Tuas West Road.
SINGAPORE (Oct 26): The manager of AIMS AMP Capital Industrial REIT has announced a Distribution Per Unit (DPU) of 2.55 cents for 2Q18 ended Sept, a 7.3% fall from the DPU of 2.75 cents in 2Q17.
Gross revenue in 2Q18 fell by 1.3% to $29.5 million mainly due to lower rental and recoveries from 20 Gul Way as four phases of the property reverted to multi-tenancy leases. This was partially offset by rental contribution from 30 Tuas West Road as it became income producing from Feb 27.
