209 views

AA REIT posts 5.1% YoY growth for DPU in FY 2023

The distribution per unit (DPU) grew to 9.944 cents.

Singapore firm, AIMS APAC (AA) REIT, revealed that its DPU increased 5.1% year-on-year to 9.944 cents in the fiscal year 2023 which ended 31 March 2023.

In a financial statement, the firm also reported that its distributions to unitholders grew 6.5% YoY to $71.6m.

The gross revenue and net property income increased by 17.6% and 18.7% to $167.4m and $122.5m, respectively. 

It was backed by higher rental and recoveries from AA REIT’s logistics and warehouse, hi-tech and industrial properties, and full-year revenue contribution from the acquisition of Woolworths HQ in Australia which was completed in November 2021.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!