AIMS AMP Capital Industrial REIT: Steady performance.

AIMS AMP Capital Industrial REIT has announced a DPU of 0.5376c payable on 16 Sep 2010. This is the same amount paid out in the last quarter and within my expectations since there has not been any significant material changes which would impact earnings. This represents an annual DPU of 2.1504c and an annualised yield of 9.35% based on the last traded price of 23c.

Technically, price is still range bound and capped by the long term resistance of 23c. MFI has turned down and it remains to be seen if it could bounce off its support. 22.5c is now the immediate support.

AIMS AMP Capital Industrial REIT delivers 26.1% rise in net property income in 1Q to $7.9m. The trust has five multi-tenanted properties in its portfolio which has an occupancy of 97.2% and a weighted average lease expiry of 4.2 years.

© 2010 - The Edge Singapore

Thursday, 29 July 2010