According to the REIT manager, there is room for the REIT to see steady growth moving forward. There is also room from both organic growth involving rent escalations and rent uplift, and inorganic growth from redevelopment cum acquisitions, says the manager during an investor meeting with RHB Group Research.
Analysts are positive on AIMS APAC REIT (AA REIT), with the REIT having delivered on acquisitions to drive distribution per unit (DPU) growth of approximately 6% in the past year.
For 2HFY2022 ended March, the REIT reported DPU of 4.71 cents, down 4.8% y-o-y. The lower DPU was due to the difference in timing of interest payments for $250 million perpetual security issuance made in Sep 2021, and the completion of Woolworths HQ acquisition in mid-November 2021. AA REIT’s DPU for the FY2022 stood 5.7% higher y-o-y at 9.46 cents.
