AIMS APAC REIT posts 4.2% YoY higher net property income in 1Q24

It recorded an NPI of $32.3m.

AIMS APAC REIT’s distributable income to unitholders rose 5.1% YoY to $17.2m in 1Q24 due to higher gross revenue and net property income (NPI).

In its latest financial statement, the REIT reported that its NPI increased by 4.2% to $32.3m whilst its gross revenue improved by 4.5% YoY to $43.2m.

The REIT attributed the increase in its revenue and NPI to “higher rental income from Singapore properties, partially offset by higher financing costs.”

Given the higher distributable income, the REIT’s distribution per unit (DPU) also increased in 1Q24, rising by 1.3% YoY to $0.02310.

Follow the link for more news on

AIMS APAC REIT

Financial Statements

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