Gross revenue for the 1QFY2022 stood 16.8% higher y-o-y at $31.8 million mainly due to 7 Bulim Street and higher rental and recoveries from 20 Gul Way and 8 & 10 Pandan Crescent.
The manager of AIMS APAC REIT has reported distribution per unit (DPU) of 2.25 cents for the 1QFY2022 ended June, 12.5% higher than DPU of 2.00 cents in the same period a year ago.
Distributions to unitholders increased 12.6% y-o-y to $15.9 million. The amount comprises taxable income of $13.3 million from the REIT’s Singapore operations, representing 96.4% of the taxable income available for distribution. It also includes capital distribution of $2.6 million remitted from the REIT’s investment in Optus Centre in New South Wales in Australia and Boardriders Asia Pacific HQ in Queensland, Australia.
