Shares & Derivatives
AIMS APAC REIT Analysis @ 9 August 2020
By REIT-TIREMENT  •  August 9, 2020
Basic Profile & Key Statistics AIMS APAC REIT (AAREIT) invests in Logistics, Industrial and Business Park properties in Singapore and Australia. Lease Profile Occupancy is healthy at 93.6%. WALE is slightly long at 4.41 years where highest lease expiry within 5 years is at 26.2%, falls in FY2022. Weighted average land lease expiry is short at 41.92 years. Debt Profile Gearing is healthy at 35.4%. Cost of debt is high at 3.3% despite low unsecured debt at 26.4%. Fixed debt is moderate at 81.1%. Interest cover ratio is moderate at 3.8 times. WADE is short at 2.2 years and the highest debt maturity of 28.9% falls in FY2021. From the latest presentation, AAREIT has executed a supplemental agreement to refinance its loan, the pro forma WADE is slight long at 3.1 years, and the highest debt maturity of 39.3% falls in FY2025. Diversification Profile AAREIT is not diversified in terms of geographical and tenant but is diversified in terms of property. Its top geographical, top property, top tenant and top 10 tenants contribute 88.6%, 14.4%, 13.2% and 50.2% respectively....
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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