AIMS APAC REIT payout rises nearly 5% in H1 FY2027
Gross revenue climbed 8.5% YoY to $101.6m during the same period. we
AIMS APAC REIT reported a 4.9% year-on-year (YoY) increase to $40.5m in distributions to unitholders for the first half of financial year 2027 (H1 FY2027), the group’s manager said.
Distribution per unit (DPU) rose 4.0% to 4.908 cents, whilst gross revenue increased 8.5% YoY to $101.6m and net property income climbed 11.1% to $75.9m.
AIMS’ manager attributed the growth to completed asset enhancement initiatives, acquisitions, and lower property expenses.
DPU for the second quarter of FY2027 increased 10.0% from the first quarter, driven mainly by higher gross revenue.
The group also recorded positive rental reversions of 5.7% on renewed leases in H1 FY2027, with a tenant retention rate of 73.6%.
Portfolio occupancy stood at 93.7%, rising to 95.1% based on committed leases, whilst the weighted average lease expiry was 3.6 years.
More than 80% of gross rental income came from tenants in essential and defensive industries, the manager said.