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...