AIMS APAC REIT has announced a distribution per unit (DPU) of 2.50 cents for its 1Q FY 2020, unchanged compared to the same period in the preceding year.
The REIT’s gross revenue increased by 5.8% on-year to SGD30.6 million, while net property income rose by 18.1% over the same period to SGD 22.9 million.
During the quarter, AIMS APAC REIT executed 16 new and renewal leases representing 13,630 square metres, or 2.2% of total net lettable area.
As a result, the REIT’s portfolio occupancy increased slightly to 94.4%, as compared to 94.0% in the preceding quarter.
AIMS APAC REIT’s aggregate leverage as at 30 June 2019 is at 33.8%, with funding cost of 3.6%.
AIMS APAC REIT was last done on the Singapore Exchange at SGD1.47.
Details from the financial results above have been updated into the Singapore REITs fundamentals table.