- Following the 3Q business update, we hosted AIMS APAC REIT for a call with a select group of investors. Management affirmed its outlook for positive but slowing reversion.
- - Read this at SGinvestors.io -
- Near-term focus is on further bolstering balance sheet through opportunistic divestment, refinancing and growing through partnerships.
Call highlights - Capital Management & Portfolio Growth
- Upcoming warehouse supply and its impact on rent reversions and renewals, medium-term impact of Johor-Singapore SEZ and, capital management were key discussion points.
- Management expects the SEZ to lead to a shift of low margin, low value businesses out of Singapore. As the ecosystem establishes, it will complement Singapore’s high value-added operations. However, the SEZ is currently not featuring in tenant discussions.
- - Read this at SGinvestors.io -
- On investments, management wants to opportunistically pursue acquisitions using partners (operators/tenants/capital partners), especially for light industrial/manufacturing assets. Focus is less on logistics in the near term.
Non-renewals may lend to redevelopment/AEI opportunities
- Read more at SGinvestors.io.
