aims apac reit

TOPLINE

Aims Apac Reit eyes data centre growth as it expands beyond industrial assets

Government endorsement for two Sydney sites gives the manager the option to develop them into data centre assets

The sustainability-linked loan is tied to AA Reit's performance, with pre-determined targets focused on reducing Scope 2 carbon emissions, among others.

Aims Apac Reit secures sustainability-linked loan facilities of S$450 million, A$160 million

It has also clinched a A$115 million syndicated loan with a green tranche of A$50 million

AA Reit's logistics and warehouse property at 20 Gul Way. As at Mar 31, the Reit’s portfolio occupancy stood at 93.6%.

Aims Apac Reit H2 DPU rises 4.1% to S$0.0513 on higher rental, recoveries

Revenue is up 4.1% at S$97 million for the period, from S$93.1 million the year before

The price tag represents an 11.1% premium to the property’s valuation of S$13.5 million as at Feb 28, the manager said.

Aims Apac Reit to divest S$15 million industrial property for capital recycling

The net proceeds may be redeployed towards acquisitions, asset enhancements and development opportunities

Aims Apac Reit's logistics and warehouse property at 20 Gul Way. The Reit's portfolio occupancy as at end-December stood at 95.4%.

Aims Apac Reit 9M DPU rises 2.5% to S$0.0725 on higher rental reversions, cost efficiencies

The distribution will be paid on Mar 26, after the record date on Feb 16

Net proceeds from the issuance will be used to refinance existing borrowings, and finance capital expenditure or acquisitions.

Aims Apac Reit trustee issues S$150 million perpetual securities at 4.1%

The perps are issued under a S$750 million multicurrency debt issuance programme started in November 2018

Aims Apac Reit's logistics and warehouse property at 20 Gul Way. The manager remains cautious around any emerging risks due to the macroeconomic environment.

Aims Apac Reit’s H1 DPU rises 1.1% to S$0.0472

Revenue for the period inches up 0.2% to S$93.7 million

The RHB analyst listed Keppel Reit as one of RHB's preferred picks.
BROKERS’ TAKE

RHB expects S-Reit demand to rise, Singapore Government Securities yield to moderate further

Demand for sustainable high-dividend equities is also expected to increase, analyst adds