Basic Profile & Key Statistics AIMS APAC REIT (AAREIT) managed properties in multiple sectors of Logistics, Industrial and Office. As of now, AAREIT is maintaining its quarter distribution & financial reporting policies amid the recent change in SGX rule. Current dividend yield (TTM) is at 7.66% and P/NAV is at 0.92. With market cap of $ 880 millions, it is relative small as median market cap for SREITs at this moment is S$ 1.25 billions.
Lease ProfileOccupancy is at the low side due to the transition of master leases to multi-tenancy leases at 1A International Business park and 20 Gul Way. Committed WALE is good at 4.3 years. Highest lease expiry fall in the FY2022 at 25.4% of GRI, thus does not poses highly concentrated lease expiry risk. As majority of properties is based in Singapore, short weighted average land lease expiry is expected.
Debt ProfileGearing is healthy at 34.8% which shouldn't...