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AIMS APAC REIT Posts 10.2% Growth in DPU For Q3 FY2023

Jan 25, 2023 – AIMS APAC’s distribution per unit (DPU) for the quarter ended December 2022 climbed 10.2% year-on-year to 2.59 Singapore cents, its manager said.

The strong performance was mainly attributable to higher gross revenue of S$42.0 million and net property income of S$30.9 million in the quarter, which represented year-on-year increase of 14.1% and 14% respectively. The increases were driven by higher rental income from Singapore and Australia properties and full quarter revenue contribution from the acquisition of Woolworths Headquarters which was completed on November 15, 2021. For the nine months ended December 31, 2022, distributions to unitholders grew 4.1% year-on-year to S$52.4 million while DPU was up 2.7% to 7.29 Singapore cents.