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AIMS Property Securities Fund's half-year income rises 65%, revenue jumps 79%

Thursday, February 26, 2015 - 08:38
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AIMS Property Securities Fund on Thursday reported a 65 per cent increase in net income to A$8.87 million (S$9.46 million) for the half-year period to Dec 31, 2014.

AIMS Property Securities Fund on Thursday reported a 65 per cent increase in net income to A$8.87 million (S$9.46 million) for the half-year period to Dec 31, 2014.

Revenue rose 79 per cent to A$2.31 million. Revenue consists entirely of the fund's investment activities, namely distribution revenue from investment funds and interest revenue from its cash in banks.

The fund said 0.1088 Australian cent per unit was paid for the quarter of September, and announced a distribution of 0.1317 Australian cent per unit for the December quarter.

It added that it is in a stronger position compared to a year ago, with total assets of A$85 million and no borrowings.

The fund manager has invested in 14 listed and unlisted funds, which provide exposure across several property markets. As at Dec 31, 2014, the fund, which operates in Australia, has invested about 59 per cent of its total funds. It is listed in both Singapore and Australia.

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