He expands that portfolio committed occupancy remains robust at 96.8%, and same-store portfolio valuation grew approximately 3% y-o-y, driven by higher valuations for its Singapore properties, with Australian dollar appreciation partly offsetting slightly higher capitalisation rates in Australia.
Vijay Natarajan of RHB Research Group has maintained his "buy" call on AIMS APAC REIT (AA REIT) and raised his target price from $1.62 to $1.70, implying 8% upside from its current share price of $1.56. Natarajan has also increased his FY2028 distribution per unit (DPU) estimate by 3%, factoring in savings from perpetual securities refinancing.
Natarajan says AA REIT's results for the FY2026 ended March 31 stood in line with expectations, with total distributable income rising to $81.6 million from $77.5 million in FY2025.
