AIMS APAC REIT (AAREIT) is a diversified REIT that invests in Business Park, Industrial, Logistics properties. AAREIT owns 28 properties in Singapore and Australia.

Performance Highlight

Gross revenue, NPI, distribution and DPU have increased YoY mainly due to contribution from 7 Bulim Street, higher rental for the properties at 20 Gul Way, 8 & 10 Pandan Crescent and 541 Yishun Industrial Park A.

Rental reversion for 2Q FY22 is at 2.1%.

On 30 Sep, AAREIT announced the proposed acquisition of Woolworths HQ. It is a freehold business park with 5.17% NPI. The acquisition would be funded by a combination of debt and proceeds from perpetual securities. Manager may consider issuing new equity as well, however it is yet to be firmed.