AIMS APAC REIT property at 51 Marsiling Road. (Photo: REITsWeek)

AIMS APAC REIT has declared SGD14.1 million in total distributions to unitholders for its 4Q 2020, a decline of 19.6% year-on-year.

Accordingly, distribution per unit (DPU) for the period was 2.00 cents, down 20% over the same period.

This brings the REIT’s total DPU for FY2020 to 9.50 cents, a decline of 7.3% compared to FY2019.

The total DPU for FY2020 was lower due to the retention of SGD2.9 million in distributable income to conserve cash in view of the COVID-19 situation, said the REIT.

A higher proportion of management fees was also paid in cash for the year, AIMS APAC REIT added.

Aggregate leverage as at 31 March 2020 is at 34.8% with overall blended funding cost at 3.5%.

Data from AIMS APAC REIT’s latest result have been updated into the Singapore REITs table.

Based on this latest set of data and its last done price of SGD1.19, AIMS APAC REIT currently gives an annual distribution yield of 7.9%.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.