AIMS APAC REIT NPI up 2.1% to $133.7m in FY2025

Gross revenue also rose 5.3% YoY to $186.6m

AIMS APAC REIT (AA REIT) reported a 2.1% year-on-year (YoY) increase in net property income to $133.7m for the financial year ended 31 March 2025, driven by resilient portfolio performance and strong rental reversions.

Gross revenue also rose 5.3% YoY to $186.6m. Total distributions to unitholders increased 5.2% YoY, whilst distribution per unit climbed 2.6% YoY to $0.096.

CEO Russell Ng said the REIT’s results were achieved through disciplined strategy execution. Key milestones included securing long-term lease agreements for asset enhancement initiatives (AEIs), obtaining $400m and A$150m in Sustainability-Linked Loans, and issuing $125m in five-year perpetual securities at 4.70%.

Ng added that AA REIT’s strong balance sheet and diversified portfolio have enabled the REIT to remain resilient in a volatile environment and positioned it for future growth through targeted asset management and acquisitions.

As at 31 March 2025, AA REIT owned 28 properties valued at $2.13b. Approximately 70.9% ($1.51b) of the portfolio is located in Singapore, whilst the remaining 29.1% ($0.62b) is in Australia, including a 49% interest in Optus Centre held through a joint venture. The portfolio's overall valuation declined by 1.5% YoY ($33.1m), largely due to cap rate expansion in Australia and a weaker Australian dollar, partially offset by higher valuations in Singapore.

Follow the link for more news on

AIMS APAC REIT

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia