AIMS APAC REIT 2020 DPU Declines 19.3%

January 28, 2021 – AIMS APAC REIT announced in its end-December 2020 financial report that its distribution per unit (DPU) for the full year 2020 hit 6.05 Singapore cents, 19.3% lower than the 7.5 Singapore cents in 2019.

The REIT also announced that its total distributions to unitholders hit S$14.5 Million (US$10.9 Million).

AIMS APAC REIT registered gross revenue of S$32.1 million (US$24.13 million) and net property income (NPI) of S$23.6 million (US$17.74 million) for the third quarter ended 31 December 2020.

The growth in gross revenue was mainly due to the maiden rental contribution from the newly acquired property at 7 Bulim Street, and higher rental and recoveries at the properties at 3 Tuas Avenue 2 and 20 Gul Way.

This was partially offset by lower contributions from the property at 1A International Business Park arising from the conversion from master lease to multi-tenancy leases, the expiry of the master lease at 541 Yishun Industrial Park A, and lower rental and recoveries from the property at 103 Defu Lane 10.

The Manager’s Chief Executive Officer, Mr Koh Wee Lih, said, “The REIT has continued to maintain a stable performance, underpinned by the portfolio’s diversity in tenant and asset mix, with over 50% in the resilient logistics and warehouse sector. With a gradual global economic recovery from the COVID-19 pandemic expected in 2021, backed by concerted vaccination campaigns and government support worldwide, we remain steadfast in our focus on proactive lease management, tenant retention, maintaining a healthy balance sheet and prudent financial discipline.”

“We are pleased to note that the REIT’s focus on proactive leasing efforts has translated into the completion of 21 leasing deals during the quarter, with above- industry portfolio occupancy rate at 95.7%.

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