315 Alexandra Road (AIMS APAC REIT)315 Alexandra Road (AIMS APAC REIT)

Data from AIMS APAC REIT’s latest disclosure can be found in the Singapore REITs table

AIMS APAC REIT (AA REIT) has reported DPU of 9.46 cents for FY 2022, a 5.7% increase from FY 2021.

The REIT has registered higher gross revenue and net property income of SGD142.4 million and SGD103.2 million, rising 16.1% and 17.9% respectively over the same period.

AA REIT has attributed the numbers to contributions from the recently acquired Woolworths HQ, a full year contribution from 7 Bulim Street, and higher rental and recoveries at certain existing assets.

“We have continued to experience strong leasing activities from our existing and new tenants, with full year rental reversion on the positive at 14.7%”, said Russel Ng, CEO of AA REIT’s manager.

“This demonstrates the continued resilience of our well-diversified tenant base, notwithstanding macro uncertainties”, he added.

AIMS APAC REIT was last done on the Singapore Exchange at SGD1.43, which presently implies a distribution yield of 6.62% according to data on the Singapore REITs table.

Related: Dragon Pacific further diminishes stake in AIMS APAC REIT

By Shariffa Al-Habshee

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