- The stake increase by AIMS APAC REIT’s sponsor is a positive move and a show of confidence in the REIT’s long-term prospects.
- AIMS APAC REIT remains well positioned to ride on the growth of Singapore’s and Australia’s industrial sector via strategic asset enhancements and solid operational execution. Its modest gearing provides room for inorganic growth.
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AIMS Financial Group increased its stake in AIMS APAC REIT
- AIMS Financial Group (sponsor) recently increased its stake in AIMS APAC REIT to 18.66% by purchasing an additional 57m shares (~7% stake) at S$1.19 per unit, from substantial shareholder ESR Group (ESR).
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Room for inorganic growth and lower funding costs.
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