AIMS AMP Capital Industrial REIT delivered a solid set of results with DPU at 2.6c. This is a 4% increase over the previous quarter. As I was expecting a DPU of 2.5c with a possibility of a small reduction, this is good news indeed. It will go XD on 3 Feb and is payable on 20 Mar. Upon completion of sale of 31 Admiralty Road for $16.438m, the REIT's gearing would drop to 29.4%. The REIT had purchased this building for $13.4m. So, the REIT will recognise a gain and have gearing comfortably under 30% at the same time. NAV per unit: $1.367 Interest cover ratio: 5.6x Occupancy: 98.9% Average land lease expiry: 41.9 years (Only 10.9% of nett lettable area will see land lease expiry within the next 21 to 30 years). The REIT has no debt due until ......