AIMS AMP Capital Industrial REIT was trading at $1.74 per unit this morning. Nice. The REIT will be distributing 3.14c per unit on 18 June 2013.
This is the income distribution for the period of 1 January to 31 March 2013.
For a more accurate estimate of regular quarterly distributions, we have to remove 0.3c which is from the capital gains that comes from divesting 31 Admiralty Road. We also have to remove 0.09c which is what is left of distributable income in the preceding 9 months. The REIT typically pays out all residual distributable income in the final quarter.
So, this gives us 2.75c a quarter and a more regular annualised DPU of 11c. At $1.74, the distribution yield is 6.32%. This is not very high but obviously attractive enough for Mr. Market, especially when compared to some industrial S-REITs which do ......
