315 Alexandra Road (AIMS APAC REIT)

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

AIMS APAC REIT has reported distribution per unit (DPU) of 4.75 cents for its 1H FY2022.

This represents an 18.8% increase from the DPU of 4.00 cents in 1H FY2021.

Accordingly, the DPU for 2Q FY2022 is 2.50 cents and represents a 25.0% increase from 2Q FY2021.

The REIT has attributed the increase mainly to higher net property income, which rose 19.4% to SGD47.7 million (USD35.2 million) from SGD40.0 million for the same period.

The 1H FY2022 gross revenue of SGD65.2 million was SGD7.5 million higher compared to 1H FY2021.

This was mainly attributable to the rental contribution of 7 Bulim Street, and higher gross revenue from 20 Gul Way, 8 & 10 Pandan Crescent and 541 Yishun Industrial Park A, said the REIT.

Distributions to unitholders for 1H FY2022 was SGD33.6 million, which was approximately SGD5.3 million or 18.9% higher year-on-year.

Its portfolio occupancy stood at 97.3%, while weighted average lease expiry (WALE) stood at 3.98 years.

The REIT’s full disclosure on its results can be viewed here.

AIMS APAC REIT was last done on the SGX at 1.46, which currently implies a distribution yield of 6.51% according to data on the Singapore REITs table.

By Shariffa Al-Habshee

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