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

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

AIMS APAC REIT has reported a distribution per unit (DPU) of 2.00 cents for its 2Q 2021, unchanged from the previous quarter ended 30 June 2020.

The REIT registered gross revenue of SGD30.5 million (USD22 million) and net property income (NPI) of SGD21.3 million for 2Q FY2021, representing year-on-year decreases of 0.3% and 5.2% respectively.

The marginal decrease in gross revenue was mainly due to lower contributions from 1A International Business Park arising from the conversion from master lease to multi-tenancy leases and the expiry of the master lease at 541 Yishun Industrial Park A, said the REIT.

Distributions to unitholders stood at SGD14.1 million for 2Q FY2021, a decrease of SGD3.3 million or 18.9% year-on-year.

On a year-on-year basis, DPU was 20.0% lower at 2.00 cents mainly due to lower net property income.

As at 30 September 2020, AA REIT’s aggregate leverage was 33.6%.
AIMS APAC REIT was last done on the Singapore Exchange at SGD1.21, which implies a distribution yield of 6.61% according to data compiled on the Singapore REITs table.

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By Shariffa Al-Habshee

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