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

AIMS APAC REIT has reported distribution per unit (DPU) of 2.25 cents for its 1Q FY2022.

This represents a 12.5% increase from the DPU of 2.00 cents that was achieved in the corresponding period of FY2021.

The REIT has attributed the increase mainly to higher net property income.

The 1Q FY2022 gross revenue of SGD31.8 million was SGD4.6 million higher compared to 1Q FY2021.

This was mainly contributed by 7 Bulim Street and higher rental and recoveries from two properties – 20 Gul Way and 8 & 10 Pandan Crescent, said the REIT.

Correspondingly, distributions to unitholders for 1Q FY2022 was SGD15.9 million, which was approximately SGD1.8 million or 12.6% higher year-on-year.

The REIT’s full disclosures on its latest result can be viewed here.

AIMS APAC REIT was last done on the Singapore Exchange at SGD1.55, which currently implies a distribution yield of 5.81% according to data compiled on the Singapore REITs table.