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

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

Read also DBS's most recent report:
2025-05-08 AIMS APAC REIT - Active Asset Management Driving Earnings.

Previous report by DBS:
2024-11-06 AIMS APAC REIT - AEIs To Drive Next Growth Phase.

Price targets by 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 Dividend Payout Dates & Corporate Actions,
AIMS APAC REIT News