AIMS AMP Capital Industrial REIT has declared a DPU of 2.7c for 4Q FY2012. Total DPU for FY2012 is, therefore, 10.45c. At the last session's closing price of $1.185 a unit, this means a distribution yield of about 8.82%. The REIT goes XD on 2 May and will distribute income on 19 June. Gearing: 30% (which would drop to 28.8% upon completion of sale of 31 Admiralty Road). 25 properties revalued upwards and this probably helped to lower the REIT's gearing. NAV/unit: $1.406. Interest cover ratio: 6.2x Occupancy: 99.2%. Weighted average land lease expiry: 41.7 years. Weighted average lease expiry (WALE): 2.62 years. Average security deposits: 8.1 months. The REIT also saw positive rental reversions of 10 to 15% in FY2012. With 38.9% of leases expiring in 2013, the management has either commenced negotiations to extend the leases ......