27 Penjuru Lane, Singapore (Photo from AIMS APAC REIT)

AIMS APAC REIT’s NPI jumps 14.0% YoY to $30.9m in Q323

The REIT attributed the increase to higher gross revenue.

The net property income of AIMS APAC REIT increased by 14.0% YoY to $30.9m in the third quarter of the financial year 2023 (Q323), its latest financial statement showed.

In a bourse filing, the REIT attributed its income growth to its higher gross revenue of $42.0m. Compared to Q322, the latest revenue was 14.1% higher. 

The REIT said the higher rental income from Singapore and Australia properties and the full quarter revenue contribution from the acquisition of Woolworths Headquarters, drove the increase in its revenue.

The higher NPI pushed the REIT’s distributions to unitholders up by 11.7% YoY to $18.7m, and its distribution per unit (DPU) by 10.2% YoY to $0.0259.


 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!