AIMS APAC REIT - OCBC Investment 2024-07-10: A Safe Harbour

• AIMS APAC REIT (SGX:O5RU) is a Singaporean Real Estate Investment Trust (S-REIT) that invests in industrial, logistics and business park real estate across Asia Pacific.
• As of 31 Mar 2024, AIMS APAC REIT owns 25 properties in Singapore and three properties in Australia with a combined value of S$2.16b.

Operationally resilient

• - Read this at SGinvestors.io -
• AIMS APAC REIT, being a Singapore-focused logistics player, has benefited from this growth and has consequently achieved impressive results for FY24 (financial year ended 31 Mar 2024). Revenue and net property income (NPI) increased by 5.9% and 6.9% respectively, driven by strong rental reversions of 26.5% and a high portfolio occupancy of 97.8%.

Rental growth may slow down

• - Read this at SGinvestors.io -
• According to CBRE, the logistics sector is expected to see 6% rental growth in 2024, outperforming other real estate sectors.

Strong track record of organic growth

• Read more at SGinvestors.io.

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

Read also OCBC's most recent report:
2025-01-31 AIMS APAC REIT - Steady As It Goes.

Previous report by OCBC:
2024-11-05 AIMS APAC REIT - Robust Rental Reversion Outweighs Larger Unit Base.

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