AIMS APAC REIT’s net property income climbs 6.3% YoY to $97.8m in 9M24

Despite higher NPI, the REIT recorded a 4.1% YoY lower distribution per unit.

AIMS APAC REIT ended 9MFY24 with a 6.3% YoY higher net property income (NPI) of $97.8m.

The REIT likewise recorded a 5.2% YoY higher distribution to unitholders of $55.1m.

Despite improving its NPI and distribution to unitholders, the REIT’s distribution per unit (DPU) still declined in 9MFY24 by 4.1% YoY to $0.06990.

The REIT attributed the decline in its DPU to an “enlarged unit base following the Equity Fund Raising (EFR) in July 2023.”

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