AIMS APAC REIT - RHB Invest 2023-01-26: Good Quarter With Positive Outlook; Stay BUY

AIMS APAC REIT - Good Quarter With Positive Outlook; Stay BUY

Published:
AIMS APAC REIT (SGX:O5RU) | SGinvestors.ioAIMS APAC REIT (SGX:O5RU)
  • AIMS APAC REIT posted good set of 3QFY23 (Oct to Dec 2022) numbers that slightly exceeded our expectations. More importantly, portfolio occupancy continues to trend higher with strong double-digit rent reversions highlighting continued strong underlying demand, particularly for the logistics sector.
  • - Read this at SGinvestors.io -
  • AIMS APAC REIT's valuation remains attractive at slightly below book, and it offers 7% dividend yields. Stay BUY, higher S$1.50 target price from S$1.48, 11% upside.

AIMS APAC REIT reported a strong quarter.

  • AIMS APAC REIT (SGX:O5RU)'s 3QFY23 and 9MFY23 DPU rose 10% and 3% y-o-y, aided by organic income growth and income distributions from AIMS APAC REIT’s Australia portfolio that were held back in 1HFY23. NPI margins were also maintained at ~73.5% as the utility charges were mostly passed through – hence, AIMS APAC REIT remains insulated from utility cost increases. 88% of its debt are hedged – higher than peers’ ~75% average – with hedges mostly tied to loan expiries.
  • - Read this at SGinvestors.io -

Double-digit rent growth is likely to continue.

  • Read more at SGinvestors.io.



Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.



Vijay Natarajan RHB Securities Research | https://www.rhbgroup.com/ 2023-01-26



Read also RHB's most recent report:
2025-03-24 AIMS APAC REIT - Maintaining A Strong Positive Momentum; BUY. .

Previous report by RHB:
2024-09-09 AIMS APAC REIT - Poised For Growth; BUY.

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 Dividend Payout Dates & Corporate Actions,
AIMS APAC REIT News






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