AIMS APAC REIT property at 20 Gul Way. (Photo: AIMS APAC REIT)

DBS has initiated coverage on AIMS AMP Capital Industrial REIT (AA REIT) and believes that it could be a potential target for a takeover given prevailing signs.

AA REIT is an industrial REIT with a portfolio of 25 properties across Singapore, and one business park property in the state of New South Wales, Australia.

The REIT was listed on the Singapore Exchange in 2007, and its investment mandate encompasses the entire Asia-Pacific region.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.