AIMS APAC REIT distributions rise 4.9% in H1 FY2027
Distribution per unit increased 4.0% to 4.908 cents, while net property income rose 11.1% to S$75.9 million.
AIMS APAC REIT distributed S$40.5 million to unitholders in the first half of financial year 2027, an increase of 4.9% from a year earlier, its manager said. Gross revenue for the period reached S$101.6 million, up 8.5%.
The manager said completed asset enhancement initiatives, acquisitions and reduced property expenses contributed to the growth. Net property income reached S$75.9 million after an 11.1% increase, while distribution per unit was 4.908 cents, up 4.0%. In the second quarter, distribution per unit increased 10.0% from the first quarter, mainly on higher gross revenue.
Renewed leases recorded positive rental reversions of 5.7% during the half-year, and tenant retention was 73.6%. Portfolio occupancy was 93.7%, or 95.1% when committed leases were included. The weighted average lease expiry stood at 3.6 years.
Tenants operating in industries described by the manager as essential and defensive accounted for more than 80% of the portfolio’s gross rental income.
