[SINGAPORE] The manager of Aims Apac Real Estate Investment Trust (Reit) reported higher distribution per unit (DPU) of S$0.0493 for the second half ended Mar 31, up 4.7 per cent from S$0.0471 the year before, citing resilient operational performance.
The Reit’s gross revenue for the second half rose 5.3 per cent year on year to S$93.1 million on strong portfolio performance and rental reversions, up 2.9 per cent from S$90.4 million in H2 of 2024, said the manager on Wednesday (May 7).
The Reit’s manager had completed deals for 25 new leases and 50 renewals in FY2025, representing 159,827 square metres or 20.6 per cent of its portfolio’s net lettable area, making up a positive rental reversion rate of 20 per cent.
Net property income in the second half was down 0.8 per cent at S$66.2 million, from S$66.7 million in the corresponding year-ago period. The overall portfolio occupancy of the Reit stood at 93.6 per cent, while weighted average lease expiry by income reached 4.4 years.
The Reit also posted H2 distribution to unitholders of S$40.2 million, up 5.3 per cent from the previous corresponding period at S$38.2 million. DPU for the full year was up 2.6 per cent on the year, reaching S$0.096, from S$0.0936 in FY2024.
The distribution will be paid out on Jun 25, after books closure on May 19.
Russell Ng, the manager’s chief executive, said: “Through disciplined execution of our strategies, we have continued to drive strong operational and financial performance that support the delivery of sustainable growth for our unitholders.”
The manager maintained confidence in the Reit’s business model amid global trade uncertainty, citing continued demand for the Singapore portfolio and quality tenants, as well as favourable lease terms in its Australia portfolio.
The counter closed at S$1.27 on Tuesday, up S$0.01 or 0.8 per cent.
