Aims Apac Reit’s H1 DPU rises 1.1% to S$0.0472
[SINGAPORE] Aims Apac Reit on Wednesday (Nov 5) posted a distribution per unit (DPU) of S$0.0472 for the first half of FY2026, up 1.1 per cent from S$0.0467 in the previous corresponding period.
Revenue for H1 inched up 0.2 per cent to S$93.7 million, from S$93.5 million previously.
Net property income stood at S$68.4 million for the first half, an increase of 1.1 per cent year on year from S$67.6 million.
This was underpinned by good operational performance and portfolio rental growth.
Distribution to unitholders rose 1.6 per cent year on year to S$38.6 million, from about S$38 million previously.
The manager in the period executed 11 new and 36 renewal leases, totalling 97,175 square metres. This represented 12.6 per cent of the portfolio’s net lettable area, with positive rental reversion of 7.7 per cent achieved.
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Looking ahead, the manager of Aims Apac Reit remains cautious around any emerging risks due to the macroeconomic environment, on the back of the lowering of overnight funds rate between 3.75 and 4 per cent by the Fed in September.
“We will monitor incoming data and the evolving outlook,” said the manager.
“Still, with rising occupier demand for modern logistics and high-spec industrial space, the Reit is well positioned to capitalise on evolving supply chain needs and accelerate sustainable growth through selective investments and value-accretive asset enhancements.”
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Units of Aims Apac Reit ended Tuesday flat at S$1.38.
