While the preferential offering units will only be launched on July 3, the market has already factored in about 10% DPU dilution from an enlarged unitholder base, Li points out. She further notes that an advanced distribution of 1.8 cents per share was issued to existing unitholders.
Maybank Securities analyst Li Jialin has kept “buy” on AIMS APAC REIT (AA REIT) (SGX:O5RU
) , expecting the trust to maintain strong rental reversions led by the ramp-up of logistics assets to provide near-term upside.
In her June 29 report, Li notes that AA REIT had recently conducted an equity fund raising (EFR) of $100 million — $70 million via private placement and $30 million via preferential offering. A total of 83 million new shares were issued, Li highlights.
