“We estimate the unlocking of unutilised GFA could lift its pro forma FY18 revenue and NAV by 15.8% and 7.9%, respectively,” says Tay.
SINGAPORE (June 19): DBS Group Research likes AIMS AMP Capital Industrial REIT (AA REIT) for its diversified and in-demand portfolio, above-average yields and takeover possibility.
In a Tuesday report, lead analyst Carmen Tay says AA REIT is unique for its 600,000 sf of untapped gross floor area (GFA), which is one of the highest among peers. Given the prime location of selected properties, Tay believes the manager can potentially redevelop these sites into future-proof assets like data centres.
