AIMS AMP Capital Industrial REIT announced the final quarter FY 2014 and year end financial results, which saw net property income (NPI) for the quarter rise 24.1% year-on-year to $19.3 million. NPI for FY 2014 increased 20% year-on-year to S$71.9 million. The Board of Directors declared a Distribution Per Unit (DPU) of 2.51 cents for the final quarter of FY 2014, taking the full year DPU to 10.53 cents, representing a rise of 1.1% year-on-year is payable on 24 Jun 2014.
Comparing FY 2014 DPU year-on-year of 10.53 cents, the FY 2013 DPU of 10.72 cents was boosted by a one-off 30 cents from capital gains on an asset sale. Furthermore, there was an enlarged unit base following its private placement in May 2013 and recent rights issue in March 2014. Excluding the effects from the recent rights issue, DPU for 4Q FY 2014 and full year would be approximately 2.95 cents and 10.97 cents respectively. The 4Q FY 2014 distribution to shareholders rose by 22.2% year-on-year to S$15.6 million.
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