Logo from AIMS APAC REIT

AIMS APAC REIT 1Q24 DPU falls despite income rise

DPU for the period declined by 5.9%.

AIMS APAC REIT's distribution per unit fell 5.9% to $0.09360 in FY24 despite higher income.

In a bourse filing, the REIT explained that the lower DPU was due to an "enlarged unit base" following an Equity Fund Raising (EFR) in July 2023.

Despite posting a lower DPU,  the REIT reported an overall stronger financial performance for FY24 with higher net property income and distribution to unitholders.

In FY24, NPI rose by 6.9% YoY to $130.98m, whilst distribution to unitholders rose 3.8% YoY to $74.3m.

The REIT attributed its improved performance to a higher portfolio
occupancy, strong positive rental reversions, and high tenant retention rates.

The REIT achieved a rental reversion rate of 24.3% in FY24, driven by its logistics and warehouse segment.

Meanwhile, portfolio occupancy stood at 97.8%.

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!