AIMS APAC REIT Achieves 12.5% DPU Growth For Quarter Ended June 2021
July 28, 2021 – AIMS APAC REIT announced that its distribution per unit (DPU) hit 2.25 Singapore cents in the quarter ended June 30, 2021. This represents a 12.5% increase from the DPU of 2 Singapore cents in the same period last year.
Distributions to Unitholders for 1Q FY2022 was S$15.9 million, which was approximately S$1.8 million or 12.6% higher year-on-year.
Commenting on AA REIT’s 1Q FY2022 performance, the Manager’s Chief Executive Officer, Mr Koh Wee Lih, said, “Our asset and tenant diversity has continued to serve us well during the quarter. We have seen high resiliency across our high quality portfolio, which continues to benefit from the positive demand dynamics for logistics and warehouse space amidst the global pandemic. We have also attained high occupancy rates for our assets, putting us in a good position for lease renewal negotiations.”
The Manager’s Chairman, Mr George Wang, added, “We are encouraged to be named Top 10 best performing S-REITs in H1 2021 in terms of percentage of total returns. We remain firmly focused on pursuing strategic investments and business partnerships to generate attractive long-term total returns.”
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