Basic Profile & Key Statistics AIMS APAC REIT (AAREIT) is a diversified REIT that invests in Business Park, Industrial, Logistic properties. AAREIT owns 27 properties in Singapore and Australia as of 30 September 2020. The latest acquisition of 7 Bulim Street which completed in October would be the 28th property for AAREIT. Quarter Performance Review Gross revenue and NPU decreased by 0.3% and 5.2% respectively. Share of profits of the joint venture is less useful as this includes valuation gain/loss. A better way would be looking at distributions from the joint venture in cash flows statement, 2Q FY2021 at S$ 3.928 million; 2Q FY2020 at S$ 3.779 million, increased by 3.9%. Distribution to unitholders and DPU decreased by 18.9% and 20% respectively. This drop is mainly due to lower NPI, management takes fees in cash and distribution to Perpetual Securities holders. AAREIT has retained S$ 2.9 million in 4Q FY2020, in which S$ 1.8 million has released in 1Q FY2021.  ...