AIMS AMP Capital's property income fell 2.8% in 3Q2018

It was dragged by its gross revenue, which decreased by 4.9% YoY to $28.9m in Q3.

Industrial real estate solutions provider AIMS AMP Capital Industrial REIT (AIMS AMP Capital) reported that its net property income decreased by 2.8% to $19.2m in 3Q2018.

Gross revenue also fell down by 4.9% YoY, from $30.4m to $28.9m in 3Q2018, which was caused by lower rental and recoveries from 20 Gul Way during its reversion in the previous year, as well as the expiry of the master lease at 3 Tuas Avenue 2.

Property operating expenses for Q3 also decreased to $9.6m, which was due to lower property tax and land rent expenses in some properties.

Said losses were partially offset by high rental contribution from 30 Tuas West Road in 2017 and the new property at 8 Tuas Avenue 20.

AIMS AMP Capital, including its wholly-owned subsidiaries and its interest in a joint venture, currently has a portfolio of 27 industrial properties, 26 of which are located in Singapore, and one in Australia.

AIMS AMP Capital invests in a diversified portfolio of income-producing real estate assets in Singapore and throughout Asia-Pacific, focusing on warehousing and distribution activities, business park activities, and manufacturing activities.

Also Read

MAS orders Sen Yue to assist in investigation

Jardine C&C expands board with Jean-Pierre Felenbok

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit