AIMS APAC REIT - Maybank Research 2024-05-08: Decent Start To The Year; DPU Yield Of 7.6%

• AIMS APAC REIT achieved a strong full-year rental reversion of 24.3%, while management guidance supports our slightly tempered optimism entering FY25. The two planned asset enhancements are likely to start contributing from 2H25 to 1H26.

Results in line with our forecasts

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• Portfolio occupancy remains high (97.8%). Extending its strong rental reversions since FY23, AIMS APAC REIT achieved 4Q24/full-year rental reversions of 31.7%/24.3%.

Strong operational performance

• Management guided for rental reversions of between a high single digit to low teens into FY25, compared to AIMS APAC REIT’s reversions of 18.5%/24.3% in FY23/24.
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Incremental upside

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

Read also Maybank's most recent report:
2025-03-02 AIMS APAC REIT - Focus On Refinancing & Value-Add Opportunities.

Previous report by Maybank:
2024-11-08 AIMS APAC REIT - Delivering DPU Growth.

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