Located in Macquarie Park, New South Wales, Australia, Optus Centre is fully occupied. According to the brokerage, this translates into a 3.25% annual rental escalation, with two options in place to further extend the lease for an additional 10 years.
SINGAPORE (Nov 27): DBS Group Research is maintaining its “buy” call on AIMS APAC REIT (AA REIT) with an unchanged target price of $1.50, citing a positive outlook for the REIT on the back of its latest lease renewal.
In a Wednesday report, DBS analyst Derek Tan highlights that AA REIT had recently inked a renewal agreement with its largest tenant, Optus, for a further 12 years. Optus alone contributes 12.3% of the REIT’s total portfolio gross rental income (GRI).
