AIMS APAC Reit    Last:1.57   -

AIMSAMPI Reit

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2025 Mar end
1.23
1.31
1.37
1.40
1.36
1.35
1.34
1.37
1.48
1.53
1.47
1.48
1.41
1.37/0.27
0.31
1.09
1.29
2008 Mar end

 

Best you see the annual reports.

chengwh1      ( Date: 14-May-2025 17:24) Posted: Bro Bear, where do I see for the NAV history of, say Aims Apac REIT ?  Preferably in a table. I have looked into the SGX Stock-Screener, but no NAV history there,.. MrBear12      ( Date: 09-May-2025 22:32) Posted: Poor nav Increasingly Borrowing using perpetua

 

Bro Bear, where do I see for the NAV history of, say Aims Apac REIT ?  Preferably in a table. I have looked into the SGX Stock-Screener, but no NAV history there,..

MrBear12      ( Date: 09-May-2025 22:32) Posted: Poor nav Increasingly Borrowing using perpetual chengwh1      ( Date: 09-May-2025 21:35) Posted: All good abt this REIT for FY25, EXCEPT for the lower occupancy vs the previous corresponding period, pulled-down by the SG warehouse asset subsector. Read a few reports and write-ups here and there. Been watching this REIT,... if you guys can see my input further down below. Any opinions, bros ?... why does the price not run-up ?

 

Tq bro,... this higher interest rates can be countered by stronger rental reversions and dpu-acretive AEIs. There are 2 properties with AEIs completing this year.

But anyway,... the latest perps done is to REPLACE the one maturing this August. So, it' s just one perp replacing another. And the good thing here is this replacement perp has a LOWER coupon rate payout, compared to the one maturing... There is no FRESH perp done this year,.... yet,... but I have not checked and I stand corrected.

MrBear12      ( Date: 12-May-2025 14:29) Posted: Deceptively makes debt level lower than it really is. Usually higher interest rates chengwh1      ( Date: 12-May-2025 13:56) Posted: Thank you, bro, and a Happy Vesak to you. If a REIT can continue to issue perps at lower coupon rates, I think it is good, becos perps do not count towards the gearing level of the REIT. But as in everything else, it shld have a chk-and-balance thinking in its strategy and not do something excessive. A REIT will have to borrow anyway, so ' borrowing' by taking on new loans, or raising perps or issuing new securities are the means. I don' t know of other disadvantages with raising perps. Opinions, bro

 

Deceptively makes debt level lower than it really is. Usually higher interest rates

chengwh1      ( Date: 12-May-2025 13:56) Posted: Thank you, bro, and a Happy Vesak to you. If a REIT can continue to issue perps at lower coupon rates, I think it is good, becos perps do not count towards the gearing level of the REIT. But as in everything else, it shld have a chk-and-balance thinking in its strategy and not do something excessive. A REIT will have to borrow anyway, so ' borrowing' by taking on new loans, or raising perps or issuing new securities are the means. I don' t know of other disadvantages with raising perps. Opinions, bro ? MrBear12      ( Date: 09-May-2025 22:32) Posted: Poor nav Increasingly Borrowing using perpetua

 

Thank you, bro, and a Happy Vesak to you.

If a REIT can continue to issue perps at lower coupon rates, I think it is good, becos perps do not count towards the gearing level of the REIT. But as in everything else, it shld have a chk-and-balance thinking in its strategy and not do something excessive. A REIT will have to borrow anyway, so ' borrowing' by taking on new loans, or raising perps or issuing new securities are the means.

I don' t know of other disadvantages with raising perps. Opinions, bro ?

MrBear12      ( Date: 09-May-2025 22:32) Posted: Poor nav Increasingly Borrowing using perpetual chengwh1      ( Date: 09-May-2025 21:35) Posted: All good abt this REIT for FY25, EXCEPT for the lower occupancy vs the previous corresponding period, pulled-down by the SG warehouse asset subsector. Read a few reports and write-ups here and there. Been watching this REIT,... if you guys can see my input further down below. Any opinions, bros ?... why does the price not run-up ?

 

Poor nav

Increasingly Borrowing using perpetual

chengwh1      ( Date: 09-May-2025 21:35) Posted: All good abt this REIT for FY25, EXCEPT for the lower occupancy vs the previous corresponding period, pulled-down by the SG warehouse asset subsector. Read a few reports and write-ups here and there. Been watching this REIT,... if you guys can see my input further down below. Any opinions, bros ?... why does the price not run-up ?

 

All good abt this REIT for FY25, EXCEPT for the lower occupancy vs the previous corresponding period, pulled-down by the SG warehouse asset subsector. Read a few reports and write-ups here and there. Been watching this REIT,... if you guys can see my input further down below. Any opinions, bros ?... why does the price not run-up ?

 

 

This guys turn to shine.

FY result robust.

Joelton, leave it to you to report.

Buy

pkli899      ( Date: 24-Feb-2025 15:27) Posted: Yes, all my other reits went up except Aims. Why?

 

Yes, all my other reits went up except Aims.
Why?

 

It' s been many days since the RBA ann' t,... mkt is still not receptive to lowering of int rates from the RBA. Unit price stuck at 1.26,... or is there a new prob now developing with the DHL property ?

 

Not many in SG know about the drop. Good for aussie investors. Aussie rates have been too high and I am glad borrowers have some respite.....

It will take some time for cost savngs to filter down to the average investor. Stay the course! Meanwhile, keep

chengwh1      ( Date: 18-Feb-2025 14:22) Posted: RBA dropped interest rate this afternoon to 4.10%. Shld be beneficial to Aims. But no reflection in its unit price,.....

 

RBA dropped interest rate this afternoon to 4.10%. Shld be beneficial to Aims. But no reflection in its unit price,.....

 

LOL.....happy for you.....Mr Bear.
See you in many AGMs......haha.
I make it a point to attend AGMs whenever possible.
I want to hear first hand info.
I want to look into the respective speakers' eyes to see how confidence they are.
Or how deceiving they are (so bad of me).

 

Thanx pkli. It is comforting to know I'll see you at aims amp reit agm as well as dbs. You'll see my bear suit twice.

And I remember the woolworth episode very well. At one point aims amp reit even traded above 160?

But it was disappointing performance in the end.

The bright spot is that indeed aims did turn around the macarthurcook reit around and my 16.5 year holding of this reit has yielded a 4.5 percent compound annual return. Just like SPH reits over 12 years.

pkli899      ( Date: 12-Feb-2025 16:22) Posted: I have been holding this stock for more than 10 years. I remember AA Reit bought Woolworth HQ sometime in end of 2021. The purchase price was about $450m. Over $100m higher than what the previous Korean owner paid for. CEO was quick to pacify by saying the acquisition is going to be transformational. Indeed, the potential of the property is enormous. Gross floor area then was about 44,000 sq m. The FH huge plot allow an increase of another 180,000 sq m of space. Obviously AA Reit bought the property with that in mind. Coupled with a 10 years tenancy (with escalate rental built-in), AA Reit was thus willing to pay a premium for the property. At that time, this Sydney property added more than 25% to AA&rsquo s portfolio. The funding for this huge purchase was planned well in advance. A year earlier, AA Reit issued a $300m perpetual bond. One year after the purchase, a private placement raised another $100m. Obviously, these dilutive funds raising did not sit well with shareholders. It was not the fault of the management. Their intention was good but somehow the timing and other unfavourable circumstances made the acquisition ill-fated. DPS did not increase as expected despite the purchase being accretive. AA Reit has all the while been regarded as one of the better managed Reit. They constantly rejuvenate their portfolio through AEI sales and acquisitions. It boils down to luck, sometimes. Recently, we actually noticed stabilisation of DPS.   Hopeful, we can see turn around this year.

 

I have been holding this stock for more than 10 years.
I remember AA Reit bought Woolworth HQ sometime in end of 2021.
The purchase price was about $450m.
Over $100m higher than what the previous Korean owner paid for.
CEO was quick to pacify by saying the acquisition is going to be transformational.
Indeed, the potential of the property is enormous. Gross floor area then was about 44,000 sq m.
The FH huge plot allow an increase of another 180,000 sq m of space.
Obviously AA Reit bought the property with that in mind.
Coupled with a 10 years tenancy (with escalate rental built-in),
AA Reit was thus willing to pay a premium for the property.
At that time, this Sydney property added more than 25% to AA&rsquo s portfolio.
The funding for this huge purchase was planned well in advance.
A year earlier, AA Reit issued a $300m perpetual bond.
One year after the purchase, a private placement raised another $100m.
Obviously, these dilutive funds raising did not sit well with shareholders.
It was not the fault of the management.
Their intention was good but somehow the timing and other unfavourable circumstances made the acquisition ill-fated.
DPS did not increase as expected despite the purchase being accretive.
AA Reit has all the while been regarded as one of the better managed Reit.
They constantly rejuvenate their portfolio through AEI sales and acquisitions.
It boils down to luck, sometimes. Recently, we actually noticed stabilisation of DPS.  
Hopeful, we can see turn around this year.    

 

You are right to be concerned about the cost of debt that has been rising. I'd say the income from aud properties is much less than sgd properties. So as long as sgd prop perform. Shld be fine. As for sgd deprecation, long term not likely as many countries will also loosen monetary policy and we have a war on whose currency depreciates faster.
In my forty plus years observing fx, major foreign currencies heave generally weakened 2 per cent a year vs sgd.

chengwh1      ( Date: 12-Feb-2025 14:51) Posted: I would worry abt the cost of loans first. As for a possible weakening of the AUD if the RBA drops the int rate, this can be mitigrated by :- 1) forex swaps which has been practised by numerous REITs. 2) the SGD is weakening too because of loosening policy lately by the MAS. MrBear12      ( Date: 12-Feb-2025 11:14) Posted: A weakening aussie does not hel

 

I would worry abt the cost of loans first. As for a possible weakening of the AUD if the RBA drops the int rate, this can be mitigrated by :-
1) forex swaps which has been practised by numerous REITs.
2) the SGD is weakening too because of loosening policy lately by the MAS.

MrBear12      ( Date: 12-Feb-2025 11:14) Posted: A weakening aussie does not help MrBear12      ( Date: 12-Feb-2025 10:54) Posted: Weakening global economy. It affects all reit

 

A weakening aussie does not help

MrBear12      ( Date: 12-Feb-2025 10:54) Posted: Weakening global economy. It affects all reits chengwh1      ( Date: 12-Feb-2025 10:44) Posted: Why is this REIT retreating ? A possible good news below if the RBA does cut,... https://www.abc.net.au/news/2025-02-05/reserve-bank-interest-rate-home-loan-explained/104894318?utm_source=abc_news_app& utm_medium=content_shared& utm_campaign=abc_news_app& utm_content=other