Bookmark & Share
AIMS APAC REIT’s gross revenue increased 16.8% year-on-year to $31.8 million.
AIMS APAC REIT saw its distribution per unit (DPU) for the first quarter of FY2022, which ended on 30 June 2021, increase 12.5% year-on-year (y-o-y) to 2.25 cents.
Gross revenue rose 16.8% y-o-y to $31.8 million, “mainly contributed by 7 Bulim Street and higher rental and recoveries from two properties – 20 Gul Way and 8 & 10 Pandan Crescent”, said its manager in an SGX filing on Wednesday (28 July).
Net property income jumped 23.9% y-o-y to $23 million, while distribution to unitholders climbed 12.6% y-o-y to $15.9 million.
“We are encouraged to be named Top 10 best performing S-REITs in H1 2021 in terms of percentage of total returns. We remain firmly focused on pursuing strategic investments and business partnerships to generate attractive long-term total returns. We will continue to evaluate total return investment opportunities in our core markets of Singapore and Australia which offer sustainable income yield and good capital growth potential,” said George Wang, Chairman of the REIT’s manager.
In Q1 FY2022, AIMS APAC REIT executed 38 new and renewal leases, which represent 72,715 sq m or 9.8% of its total net lettable area.
AIMS APAC REIT’s portfolio occupancy stood at 95.7% as at 30 June 2021, while weighted average lease expiry (WALE) was 3.98 years.
“The healthy committed occupancy is expected to be sustained, as strong demand for logistics and warehouse facilities continue to be underpinned by e-commerce, stockpiling and shifts in supply chain,” said the REIT’s manager.
Currently, AIMS APAC REIT’s portfolio comprises 28 properties in Singapore and Australia, with 188 tenants.
Looking for a property in Singapore? Visit PropertyGuru’s Listings, Project Reviews and Guides.
Cheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email: cheryl@propertyguru.com.sg
Related Articles: