Latest / Your Way Home with Hongbin Jeong
Under the Radar: AIMS APAC REIT’s CEO on DPU rising 5.1% on-year; Record portfolio occupancy of 98% and tenant retention rate of 78.4%; Whether the Logistics and Warehouse segment will remain defensive in FY 2024
With the earnings season in full swing in Singapore, we want to turn our attention to REITs, and in particular we want to zoom in on AIMS APAC REIT, which has just announced its FY2023 results today. Listed on the Mainboard of the Singapore Exchange since 2007, Aims APAC Reit invests in a diversified portfolio of logistics, business parks and industrial real estate across APAC, including subsegments like warehouse and hi-tech space in Singapore and Australia. The REIT reported a 5.1% year-on-year increase in distribution per unit in FY 2023, representing a distribution yield of 7.5%. Its net…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.