- AIMS APAC REIT (SGX:O5RU) announced its 1H23 (Jul to Sep 2022) earnings on 26 Oct 2022. See AIMS APAC REIT's announcement.
1H23 DPU of 4.70 cents.
- - Read this at SGinvestors.io -
- Higher revenues and NPI mainly from Woolworths HQ acquisition and higher rental income from Singapore portfolio. 1H23 DPU is ~0.9% higher y-o-y if one-off reversals in 1H22 were excluded.
Positive rental reversions of +6.2% in 2Q23, +8.1% for 1H23.
- AIMS APAC REIT reported continued positive rental reversions of +6.2% in 2Q23 (compared to +9.5% in 1Q23).
- - Read this at SGinvestors.io -
- AIMS APAC REIT executed ~53,000sqm of new leases and renewals in 1H23. New sources of demand continue to come from the consumer and retail product, logistics, and engineering sectors.
- ~7.4% of portfolio leases will be expiring in 2H23, Bulk is from the logistics & warehouse segment (5.2% of the 7.4%), which could continue to benefit from the upside in rents.
Portfolio valuations inched up slightly in local currency terms.
- Read more at SGinvestors.io.
