AIMS APAC REIT Management Limited has announced a 2.6% year-on-year increase in distribution per unit (DPU) to 9.600 Singapore cents for the financial year ending 31 March 2025. This growth is attributed to a robust operational performance and strategic asset management initiatives, including a 20.0% rental reversion and stable portfolio occupancy of 95.8%.
Gross revenue for the year rose by 5.3% to S$186.6m, whilst net property income increased by 2.1% to S$133.7m. The REIT’s proactive capital management was highlighted by the successful issuance of S$125m in five-year perpetual securities at a competitive rate of 4.70%, underscoring its strategy to secure cost-effective funding.
CEO Russell Ng emphasised the REIT’s strategic positioning, stating, “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 REIT’s portfolio, comprising 28 properties valued at S$2.13b, remains diversified across Singapore and Australia, providing resilience amidst economic uncertainties.
In line with its sustainability commitments, AA REIT progressed with its rooftop solar PV system installations and other green initiatives, aiming to enhance operational sustainability. Looking forward, the REIT plans to continue its asset enhancement initiatives and explore new growth opportunities, ensuring long-term value creation for its unitholders.
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