AIMS APAC REIT - RHB Research 2025-11-05: Multiple Drivers Ahead; BUY

• AIMS APAC REIT (AAREIT)’s 2Q/1HFY26 financials were in line. Rent reversions strengthened in 2Q, driven by the logistics segment, and occupancy is set to improve in the coming quarters.
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• With its modest gearing, AIMS APAC REIT is well positioned to unlock asset enhancement opportunities and secure high-quality acquisitions.

1HFY26 DPU up 1.1% y-o-y

• 1HFY26 DPU was up 1.1% y-o-y driven by higher rental income from positive rent reversions, as well as lower operating and financings costs. Management fees in units (1H) were lower at ~15% (typically 30-40%), barring which DPU growth would have been higher.
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• AIMS APAC REIT also has S$250m of perpetual securities and coupons of 5.375% pa due for reset in Sep 2026. A potential reissuance at ~4% levels could result in annual savings of S$3.5m pa, or a ~4% uplift to DPU.

Asset enhancement contributions to kick-in in 2H.

• Read more at SGinvestors.io.

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

Previous report by RHB:
2025-07-22 AIMS APAC REIT - Sponsor Raises Its Stake; BUY.

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