AIMS APAC REIT - OCBC Investment 2024-11-05: Robust Rental Reversion Outweighs Larger Unit Base

• AIMS APAC REIT’s 1HFY25 results came in slightly above our expectations. Gross revenue and net property income (NPI) rose by 7.7% and 5.1% y-o-y to S$93.5m and S$67.6m, respectively.

Rental reversion accelerated in 2QFY25 to 23.9%

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• While not a significant contributor, AIMS APAC REIT has more than doubled its electricity sales to the grid, benefiting from its investments in solar panels. Management continues to expect high single-digit to low-teens rental reversions in the near to medium term.

1HFY25 DPU increased 0.4% y-o-y despite a larger unit base

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Another quarter of slight dip in portfolio occupancy...

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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.

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