AA Reit's Q2 DPU flat at 2.5 Singapore cents

Singapore

AIMS Apac Reit (AA Reit) on Tuesday posted a distribution per unit (DPU) of 2.5 Singapore cents for its second quarter ended Sept 30, unchanged from the year-ago period.

Gross revenue was up 4 per cent at S$30.6 million for the quarter, from S$29.4 million in the same period last year. This came on the back of a maiden rental contribution from its recently acquired property, Boardriders Asia Pacific HQ in Gold Coast, Australia. Higher rental and recoveries for the Reit's properties at NorthTech, 20 Gul Way, 8 Tuas Avenue 20, and 1 Bukit Batok Street 22 also boosted earnings.