The analysts note that AA REIT’s results had “many positives”, including better-than-expected rental performance and lower rent relief. In addition, income from a new master lease and its Bulim Street acquisition also contributed to earnings.
DBS Group Research, RHB Group Research, Maybank Kim Eng and Soochow CSSD Capital Markets (SCCM) are positive on AIMS APAC REIT’s (AA REIT) outlook after the REIT released its 4QFY2021 ended March results on May 5.
DBS analysts Dale Lai and Derek Tan have maintained their ‘buy’ rating for the counter with a higher target price of $1.60 in its May 6 research note, noting that AA REIT’s FY2021 distribution per unit (DPU) of 8.95 cents was above their estimates.
