AIMS APAC REIT (AA REIT)

Units in AA REIT closed 1 cent higher or 0.8% up at $1.32 on March 25.

AIMS APAC REIT is a real estate investment trust with the principal investment objective to invest in a diversified portfolio.

This brings DPU for 9MFY2021 to 6.05 cents, 19.3% down from DPU of 7.50 cents in 9MFY2020.

The acquisition will add 0.48 cents to the FY2020 distribution per unit (DPU) of 9.50 cents to 9.98 cents on a pro forma basis.

As at 12.04pm, units in AA REIT are trading flat at $1.19 with a FY2021F p/b ratio of 0.9x, according to KGI’s estimates.

Upsides to the REIT's unit price includes earlier-than-expected pick-up in leasing demand for light industrial and logistics space

Unitholders can expect to receive their DPU on Dec 18.

ESR HK Management on Aug 5 acquired 400,000 units of AIMS APAC REIT (AA REIT) for $485,440, or an average of $1.21 each. It now owns a direct stake of 9.1 million units, or 1.29% of AA REIT. ESR HK Management also owns other AA REIT units through various

While the property has a remaining tenure of 22 years and a remaining master lease of around 3.5 years, demand and rental rates will remain resilient due to its status as one of the few modern logistics facilities in the Jurong Innovation District.

DBS Group Research analysts Dale Lai and Derek Tan have maintained their “buy” recommendation.