AIMS AMP Capital Industrial REIT announced earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, gross revenue was SGD 25,741,000 and net property income was SGD 14,701,000 against gross revenue of SGD 21,217,000 and net property income of SGD 15,156,000 for the same period a year ago. This slight fall year on year was due largely to the loss of net rental income following the divestment of 31 Admiralty Road. Excluding this one off property tax recovery, gross revenue for the quarter would have been SGD 21.6 million, a result in line with the previous quarter and 1.7% higher than the previous corresponding period. This result was driven by positive rental reversions and recoveries at 8 & 10 Pandan Crescent, 1 Bukit Batok St 22 and 29 Woodlands Industrial ParkE1, which offset the loss of rental income from the sale of 31 Admiralty Road.

For the nine months, gross revenue was SGD 68,272,000 and net property income was SGD 44,289,000 against gross revenue of SGD 63,687,000 and net property income of SGD 44,937,000 for the same period a year ago. NAV per unit was SGD 1.469 as at 31 December 2012.

AIMS AMP Capital Industrial REIT expects the Trust to maintain a stable performance for the financial year ending March 31, 2013.