Aims Apac Reit posts DPU of S$0.047 in H1

THE manager of Aims Apac real estate investment trust (AA Reit) has announced a distribution per unit (DPU) of S$0.047 for the first half of FY2023 ended Sep 30, marginally down from its DPU of S$0.0475 in the corresponding period a year ago. 

The DPU for H1 FY2023 held steady amid an enlarged unit base, a 27.5 per cent increase in gross revenue to S$83.2 million and a 28.2 per cent rise in net property income (NPI) to S$61.1 million. 

The rise in revenue and NPI were largely due to its acquisition of Australian supermarket and grocery chain Woolworths’ headquarters, as well as rental incomes and recoveries from its Singapore properties, the manager said.