Shares & Derivatives
AIMS APAC REIT Review @ 17 May 2023
By REIT-TIREMENT  •  May 17, 2023
Basic Profile & Key Statistics Main Sector(s): Logistics, Industrial & OfficeCountry(s) with Assets: Singapore & AustraliaNo. of Properties (exclude development/associate/fund): 29 Key Indicators Performance Highlight For 2H, Gross revenue, NPI, distribution to unitholders and DPU increased YoY mainly due to higher income from existing properties and full contribution from Woolworths Headquarters which was completed on 15 November 2021. Rental Reversion Rent reversion for the 4Q FY23 is at +36.8% and for FY23 is at 18.5%. Divestment AAREIT announced the divestment of 541 Yishun Industrial Park A on 24 Apr. The sales price is at 8.2% above valuation and is expected to be completed by 3Q 2023. Asset Enhancement Initiative AEI for 23 Tai Seng Drive has been completed. Related Parties Shareholding REIT Sponsor's Shareholding: Below median by 20% or moreREIT Manager's Shareholding: Above median by 20% or moreDirectors of REIT Manager's Shareholding: Above median by 20% or more Lease Profile Occupancy: ± 5% from medianWALE: ± 10% from medianHighest Basic Profile & Key Statistics Main Sector(s): Logistics, Industrial & OfficeCountry(s) with Assets: Singapore & AustraliaNo. of Properties (exclude development/associate/fund): 29 Key Indicators Performance Highlight For 2H, Gross revenue, NPI, distribution to unitholders and DPU increased YoY mainly due to higher income from existing properties and full contribution from Woolworths Headquarters which was completed on 15 November 2021. Rental Reversion Rent reversion for the 4Q FY23 is at +36.8% and for FY23 is at 18.5%. Divestment AAREIT announced the divestment of 541 Yishun Industrial Park A on 24 Apr. The sales price is at 8.2% above valuation and is expected to be completed by 3Q 2023. Asset Enhancement Initiative AEI for 23 Tai Seng Drive has been completed. Related Parties Shareholding REIT Sponsor's Shareholding: Below median by 20% or moreREIT Manager's Shareholding: Above median by 20% or moreDirectors of REIT Manager's Shareholding: Above median by 20% or more Lease Profile Occupancy: ± 5% from medianWALE: ± 10% from medianHighest...
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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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