AIMS APAC REIT - DBS Research 2022-07-27: Fundamentals Remain Strong

AIMS APAC REIT - Fundamentals Remain Strong

Published:
AIMS APAC REIT (SGX:O5RU) | SGinvestors.ioAIMS APAC REIT (SGX:O5RU)

AIMS APAC REIT's 1Q23 Earnings Highlights

Revenues and NPI grew ~30% y-o-y

  • AIMS APAC REIT (SGX:O5RU)'s 1Q23 revenues increased 29.8% y-o-y to S$41.3m. NPI improved 34.4% y-o-y to S$31.0m.
  • - Read this at SGinvestors.io -
  • Annual rental escalations support some organic growth in earnings as well as offset some inflation in operating expenses.
  • 68% of AIMS APAC REIT's AUD income has been hedged on a forward 12-month rolling basis.

Strong positive rental reversions of 9.5%

  • AIMS APAC REIT reported positive rental reversions of 9.5% in 1Q23 which mainly coming from lease renewals at warehouse and logistics properties.
  • - Read this at SGinvestors.io -
  • More than 80% of the leases expiring in FY24 are also from the warehouse and logistics segments.

Warehouse and logistics segments to continue driving rental growth

  • Read more at SGinvestors.io.




Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.




Dale LAI DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2022-07-27



Read also DBS's most recent report:
2023-05-08 AIMS APAC REIT - Portfolio Occupancy At Record-High; +36.8% Rental Reversions.

Previous report by DBS:
2022-10-27 AIMS APAC REIT - Portfolio Valuations Supported By Strong Underlying Rents.

Price targets by 2 other brokers at AIMS APAC REIT Target Prices.

Listing of research reports at AIMS APAC REIT Analyst Reports.

Relevant links:
AIMS APAC REIT Share Price History,
AIMS APAC REIT Announcements,
AIMS APAC REIT Dividends & Corporate Actions,
AIMS APAC REIT News Articles





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