Net property income (NPI) also grew 34.3% y-o-y to $31.0 million.
The manager of AIMS APAC REIT (AA REIT) has posted a distribution per unit (DPU) of 2.28 cents for the 1QFY2023 ended June, 1.3% higher than the DPU of 2.25 cents in the corresponding period the year before.
Total distributions to unitholders increased by 2.7% y-o-y to $16.3 million, thanks to the higher gross revenue for the quarter, which grew by 29.8% y-o-y to $41.3 million.
