AIMS APAC Reit    Last:1.56   -

AIMSAMPI Reit

Just to add a little.
Traditionally, 3rd qtr always the weakest.
This is the qtr they pay out more, things like bonus etc.
4th qtr always strongest. Previously we have seen 2.75 cents and even 2.90 cents.
So, I expect similar, if not better than 2.90 cents DPU for the next qtr.

 

Despite management saying it' s a transformative acquisition, the expected big improvement was not seen.
However, we cannot judge just yet. This is because the acquisition was completed only on 15 Nov 21.
Means revenue contribution was only for half a qtr. Lets see next qtr results whereby full qtr revenue will be recognised.

 

If consecutive Q is not improving inspite of the aquisitions , it is a red flag. Improving on 3Q2020 is no big deal. 

Lobster      ( Date: 27-Jan-2022 08:52) Posted: Yes, disappointed not to get at least same dpu as 2Q, but nevertheless quarter to quarter it is better than 3Q20 of $0.0205, an increase of 14.6% and YTD it' s an increase of 17.4%. Hope this momentum will carry on through to the last quarter, and see a big increase in total FY dpu.

 

Yes, disappointed not to get at least same dpu as 2Q, but nevertheless quarter to quarter it is better than 3Q20 of $0.0205, an increase of 14.6% and YTD it' s an increase of 17.4%. Hope this momentum will carry on through to the last quarter, and see a big increase in total FY dpu.

 

AIMS APAC REIT achieves 15.3% increase in distribution to S$16.7 million to Unitholders for 3Q FY2022
Key highlights for 3Q FY2022:
*   DPU of 2.35 cents for 3Q FY2022, a 14.6% increase from 3Q FY2021
- Supported by the transformative acquisition of fully-leased Woolworths
Headquarters in New South Wales, Australia
*   Healthy portfolio committed occupancy of 97.6% and long WALE of 4.85 years
*   Proactive asset and lease management &ndash successfully executed 10 new and 8 renewal
leases in 3Q FY2022, representing 48,067 sqm or 6.1% of total NLA of the portfolio
* Aggregate leverage at 37.3% (31 March 2021: 33.9%), with undrawn committed facilities
and cash and bank balances of S$237.2 million and blended funding cost of 2.8%
* Completed acquisition of Woolworths Headquarters, thereby strengthening AA REIT&rsquo s foothold in Sydney&rsquo s resilient business park market and providing long-term income
security for the portfolio

 

Aimsapac declare 0.0235....dissapointed

Lobster      ( Date: 26-Jan-2022 19:27) Posted: --- Post Removed by User ---

 

It looks like ALOG-ESR reit "merger" will fail.
Next target likely to be AIMS APAC reit.
It'll be prudent unit holders question the mgr, at AGM, whether or not there were discussion with ESR reit.

pkli899      ( Date: 29-Oct-2021 14:13) Posted: ESR eyeing this reit is well known. Luckily, they are now having a handful pertaining to taking over of  ARALog. Near term, don' t think they will make a move for it. Hence, the so call " tok kong company" better start working. Of course, leave this reit alone is the best la. Afterall, it' s one of the few good ones still around.

 

I will be posting this in all REITs stock in which I have some interests. But please hor, due diligence please, do not take this as the final and only positive statement and cheong to take up positions.....if you are lazy to read through the entire article, just focus on the highlighted parts....

Why is the Singapore REIT market going so strong after two years of COVID-19?

SINGAPORE: Singapore real estate investment trusts or S-REITs have emerged as a resilient segment of the local stock exchange in the past two years. 

Traditionally a key pillar of the portfolios of individual investors in Singapore, the iEdge S-REIT Index, regarded as the S-REIT benchmark, reported a total return of 5.2 per cent since the start of 2020 to Nov 17.

This was despite S-REITs raising new equity from unitholders, creating additional units and leading to potential dilution risk. In the past 23 months, S-REITs raised a total of S$8 billion through placements and rights issues led by mega-issuances from Ascendas Real Estate Investment Trust and Frasers Commercial Trust. 

Most S-REITs largely maintained their dividends, compensating for the fall in unit prices in this period. 

Global financial markets including S-REITs initially crashed when COVID-19 became a pandemic, with investors panicking and selling liquid financial assets.  For investors daring and savvy enough to put money to work during the trough in end-March 2020, total returns from capital gains have been a whopping 57 per cent. 

Despite headlines on troubles in the retail space and how work-from-home has made offices redundant, occupancies measured by leases have remained high for S-REITs holding shopping malls and offices in Singapore, with little problems in rental collection, even if fewer are using these spaces. 

In the hardest hit hotel sector, the fall in physical property asset value was contained to less than 10 per cent at a portfolio level among the S-REITs tracked by OCBC, a good outcome despite the pandemic curbing travel.

Hospitality REITs will likely need time to recover and could do better in a 24-month timeframe as borders reopen further. 

S-REITs today generate a significant volume of trading activity for the stock exchange - about one-fourth of the daily turnover before COVID-19. Primary equity markets in Singapore also skew towards S-REITs. 

S-REITs, at S$110 billion, represents 12 per cent of Singapore&rsquo s whole equity market by market cap &ndash a figure that is 6 per cent for Australia and only 2 per cent for Japan,  the other two top REIT markets in the Asia-Pacific with large domestic economies.

WHY S-REITS STILL ATTRACT SO MANY INVESTORS

The top-performing Singapore stock in the past 23 months goes to iFAST Corporation, an investment products distribution platform, which generated total returns of 771 per cent during this time, superseding the Bloomberg Bitcoin Galaxy Index at 750 per cent. 

This is lower than the 1,131 per cent on the Bloomberg Galaxy Crypto Index tracking cryptocurrencies.

Still, S-REITs and the Singapore commercial property market continue to attract significant investor attention. 

Investors in Singapore are very familiar with the nuts and bolts of running a property, and understand how policies like stamp duties, urban planning, zoning, tenancy and ownership rules influence whether and when investors should buy an investment property and what to look out for in assessing a property&rsquo s attractiveness.

Many like the idea of owning a passive, stable and recurring income stream. S-REITs generate fairly stable revenue, with the iEdge S-REIT Index reporting revenue per unit of S$132.5 in 2019.

Though it dropped 6.3 per cent in 2020, analysts expect a rebound to S$135.6 this year.

S-REITs are a good source of income. Qualifying S-REITs are encouraged to pay gains to unitholders instead of hoarding profits as they not taxed on dividends distributed to unitholders.

The key challenge is share dilution when S-REITs need to raise to acquire new properties.

Past transactions that have stirred market discussions  include K-REIT Asia&rsquo s (now known as Keppel REIT) 87.5 per cent interest in Ocean Financial Centre in 2011, Ascott Residence Trust&rsquo s acquisition of Ascott Orchard Singapore, Citadines City Centre Frankfurt and Citadines Michel Hamburg in 2017 and Lippo Malls Indonesia Retail Trust&rsquo s acquisition of Puri Mall in 2021. 

S-REITs are also regulated as a collective investment scheme under the Securities and Futures Act, where there is a 50 per cent cap on the leverage limit for S-REITs to keep credit risks in check. As listed entities, S-REITs also follow SGX rules on the disclosure of information and the right for minority investors to vote on major matters.

S-REITS MORE ACCESSIBLE THAN EVER

Until S-REITs were launched in July 2002, the commercial property market was inaccessible to most individual retail investors, with ticket sizes of each standalone commercial property in the millions and billions of dollars.

Today, all it takes is S$230 at last Wednesday&rsquo s prices for an individual investor to buy into CapitaLand Integrated Commercial Trust (&ldquo CICT&rdquo ), Singapore&rsquo s largest REIT, and enjoy a portion of CICT&rsquo s rental income from shopping malls and offices. 

Few investment opportunities provide such stability for 4 to 7 per cent dividend yield per year. It&rsquo s little wonder  such investment classes with a dividend income and the potential for capital gains appeal to investors with a neutral risk profile at Singapore&rsquo s median age of 42. 

Singapore has maintained an encouraging ecosystem for the development of S-REITs. Regulatory uncertainty is minimised as regulators routinely seek industry feedback from REIT managers, investors and lawyers before introducing new rules. 

The market has grown to include fund managers who invest in S-REITs as their specialty, REIT exchange traded funds and REIT derivatives. 

Bank lenders and bond investors in Singapore are highly familiar with S-REITs, together providing a pool of liquidity that allows the S-REIT market to grow bigger. Brokerages are also prepared to lend individual investors buying larger amounts of REIT units.

WILL GAINS IN S-REITS CONTINUE?

The bigger question is whether we will continue to see capital gains in the coming 12 to 24 months as interest rates rise.  

In a world where stock market prices are affected by sentiments, Reddit fads and breaking news, S-REITs  continue to see strong investor demand because their valuation is backed by commercial properties where asset value has seen a continued upward trend.

Indeed, S-REIT indices are not a good representation of the underlying economy. They are weighted towards larger S-REITs, rather than each S-REIT&rsquo s contribution to the Singapore economy. 

The iEdge S-REIT&rsquo s top five components make up 43.3 per cent of the index which have an outsized influence on total returns. 

Three are large-cap industrial REITs with industrial properties in Singapore and countries across Asia-Pacific, Europe and the United States &ndash in a world where logistics, data centres, business parks and manufacturing facilities have been resilient through the pandemic. 

The remaining two are large-cap commercial REITs owning quality assets with tenants largely staying put despite the economic downturn, with occupancies remaining above 90 per cent. 

Beyond the broad index, S-REITs that hold hotels and shopping malls located in the city centre have been dragged by the pandemic. With the city centre hollowed out as we work from home and international travelers non-existent, these S-REITs have underperformed Industrial REITs.

Furthermore, the S-REIT industry has been kept buoyant by an inflow of capital. The broad money supply in Singapore has surged by 10.9 per cent year-on-year as of September. With interest rates on cash near-zero, all that money needs to go somewhere.

The S-REITs  market is unlikely to cool anytime soon. There is momentum.  Thirteen out of the 80 IPOs with primary share offering in Singapore since 2016 were S-REITs raising S$5.6 billion collectively at an average offer size of S$430 million.

Outside of S-REITs, a further S$2.7 billion was raised for two listings, Kakao Corp, the Internet company global depository receipt listing and NetLink NBN Trust, a business trust which holds infrastructure assets.

The remaining 65 had an average offer size of S$28 million &ndash small cap listings with limited liquidity. 

Tellingly, the two upcoming IPOs  in Singapore - Daiwa House Logistics Trust and Digital Core REIT - are both S-REITs. 

The equity analyst community is still optimistic and forecasting a rise in S-REIT dividends in the next 12 to 24 months. 

Driven by the growth and resiliency of industrial assets, particularly logistics warehouse and data centres, the Big Three industrial REITs of Ascendas Real Estate Investment Trust, Mapletree Logistics Trust and Mapletree Industrial Trust also recorded average total returns of 15.6 per cent in the past 23 months.

DON&rsquo T DISMISS SGX

Looking ahead, Singapore investors should not be so quick to dismiss the SGX, given the current slew of corporate restructuring exercises with the potential for capital gains, which may not be immediately apparent to new individual investors in the market.

Buying S-REITs is likely to remain a cornerstone investment strategy for many individual investors. The more pertinent decision points remain how much S-REITs should feature as a percentage of one&rsquo s investment portfolio and which specific ones to invest in.

Still, until a next financial crisis with significant liquidity stress, we are unlikely to repeat the kind of capital gains seen from March 2020 to date in S-REITs. 

A lot of the negatives has since been priced in, with the broad iEdge S-REIT Index trading at 1.1 times the price-to-book value, indicating that the market cap of the S-REITs as a broad basket is now higher than the value of the underlying properties.

 

 

 

ESR eyeing this reit is well known.
Luckily, they are now having a handful pertaining to taking over of  ARALog.
Near term, don' t think they will make a move for it.
Hence, the so call " tok kong company" better start working.
Of course, leave this reit alone is the best la.
Afterall, it' s one of the few good ones still around. 

 

Since people refuse to post this, I got no choice but to koyok this.... btw, ESR better be quick if it wants to M& A this because another tok kong company is eyeing this... and this is the third time I' m mentioning this coffee shop rumor....

Analysts keep ' buy' on AIMS APAC REIT after 2QFY22 results Maybank ups TP to $1.65

Analysts from Maybank Kim Eng Research and RHB Group Research are keeping &ldquo buy&rdquo on  AIMS APAC REIT (AA REIT)  after the REIT delivered strong results for the 2QFY2022 on Oct 13.
For the quarter, the REIT reported distribution per unit (DPU) of 2.50 cents for the 2QFY2022 ended September.

This brings DPU for the 1HFY2022 to 4.75 cents.

During the quarter, the REIT also registered better portfolio occupancy and rental reversion.
He has also raised his  earnings estimates from FY2023 to FY2024 by 2% on stronger rental growth assumptions.

The REIT&rsquo s Woolworths&rsquo acquisition should also lift its Australian contribution from 22% to 38% of its assets under management (AUM), boost DPUs by 405% and strengthen income visibility, writes Chua.

&ldquo For now, valuations are undemanding at 6.7% FY2022 DPU yield, and 1.0 times price-to-book (P/B),&rdquo he adds.

Chua is also positive on the REIT&rsquo s rental reversion, seeing it improving into the 2HFY2022.

As it is, the REIT reported portfolio rental reversion of 2.1% in the 2QFY2022, up from 0.4% in the 1QFY2022.

To this end, AA REIT&rsquo s balance sheet &ldquo remains sound&rdquo , to which Chua expects &ldquo management could look to add further [acquisitions] in its core markets&rdquo .

RHB analyst Vijay Natarajan has kept his target price of $1.72 as the REIT&rsquo s 2QFY2022 DPU stood in line with his expectations.

&ldquo Fundamentals are improving with buoyant logistics demand ([around] 50% of gross rental income),&rdquo says Maybank Kim Eng analyst Chua Su Tye.

In his report dated Oct 13, Chua has upped his target price estimate to $1.65 from $1.60 previously.
He has also kept his earnings estimates unchanged.

&ldquo [AA REIT&rsquo s] valuation remains compelling, at 1 times P/BV (sector average: 1.5 times) and offering a 7% FY2022 (Mar) yield,&rdquo he writes in an Oct 13 report.

AA REIT&rsquo s operating metrics were also positive, with a healthy occupancy rate improvement, positive rental reversions, and an increase in asset value, he notes.

In addition, contributions from the REIT&rsquo s Woolworths&rsquo acquisition should kick in this quarter, further boosting its DPU.

 

 

After XD price keep dropping.
Already dropped more than DPU.....why?
Concerted effort to keep price in-check for low ball offer?

 

Which really means that there is indeed 2 companies after AA.
Take over price is $1.7

hahah....

Lobster      ( Date: 14-Oct-2021 09:45) Posted: Of course la. This thing how to be secret... the accountants who prepare the financial results, the accounts clerks who key in the results, the auditors who audit it, the audit clerks who help check it, the secretaries who submit to the bosses, who help to proofread it, the directors who saw it, who get the lawyers for advice, the law clerks who email here entail there, the office assistants who photostat it, who threw away the amended copies, the cleaner lady who saw it while clearing the rubbish,   the coffee lady who saw it on the bosses tables, who tells her husband, who tells his colleagues who tell their neighbours who tell their relatives who their WhatsApp chat groups, and so on and so on. Soon it will reach the black market people who will chat it up at the coffee shop. And of course if I or you are there, who also overhear la. it' s how big or how small you want to play la

 

Of course la. This thing how to be secret...
the accountants who prepare the financial results, the accounts clerks who key in the results, the auditors who audit it, the audit clerks who help check it, the secretaries who submit to the bosses, who help to proofread it, the directors who saw it, who get the lawyers for advice, the law clerks who email here entail there, the office assistants who photostat it, who threw away the amended copies, the cleaner lady who saw it while clearing the rubbish,   the coffee lady who saw it on the bosses tables, who tells her husband, who tells his colleagues who tell their neighbours who tell their relatives who their WhatsApp chat groups, and so on and so on. Soon it will reach the black market people who will chat it up at the coffee shop. And of course if I or you are there, who also overhear la.

it' s how big or how small you want to play la

 

The share price went up 3 cents yesterday before result announcement. Does someone know the result earlier than most of us ?

 

 

All the more there are more suitors aiming to m& a this .....
I know at least two salivating.

 

Aims Apac Reit posts 18.8% rise in H1 DPU to S$0.0475
WED, OCT 13, 2021 - 8:49 AM

AIMS Apac Real Estate Investment Trust' s (AA Reit)  AIMS APAC Reit: O5RU 0%  distribution per unit (DPU) rose by 18.8 per cent to 4.75 Singapore cents for the first half ended Sep 30, 2021, from 4 cents a year ago.

DPU for the second quarter ended Sep 30 was 2.5 cents, up from 2 cents a year ago.

Gross revenue was up 13 per cent to S$65.2 million for the half-year period, from S$57.7 million a year ago.

This was mainly due to the rental contribution of 7 Bulim Street, and higher gross revenue from 20 Gul Way, 8 and 10 Pandan Crescent and 541 Yishun Industrial Park A, where the rental contribution from the new master tenant commenced in January 2021, the Reit' s manager said in a bourse filing on Wednesday (Oct 13).

Net property income (NPI) grew 19.4 per cent on year to S$47.7 million for the half year, from S$40 million.

Distributable income rose 18.9 per cent on year to S$33.6 million from S$ 28.3 million.

The distribution will be paid out on Dec 17, after the record date on Oct 27.

The chief executive officer-designate of AA Reit' s manager Russell Ng noted that the Reit' s asset base is driven by the logistics and warehouse sector.

He said: " Looking ahead, we are committed to seeking out quality assets that align with our investment criteria, which include stable income, annual rental escalations, long-term capital appreciation and redevelopment potential."

In Q2 FY2022, the manager executed 26 new and renewal leases representing 45,722 square metres or 6.2 per cent of its total net lettable area. As at Sep 30, the Reit&rsquo s portfolio occupancy stood at 97.3 per cent, while its weighted average lease expiry stood at 3.98 years.

The manager said it expects the healthy committed occupancy will be sustained by strong demand for logistics and warehouse facilities amid e-commerce, stockpiling and shifts in supply chains.

It most recently announced that it would  acquire the headquarters of Australian supermarket and grocery chain Woolworths for A$463.3 million (S$454 million), which is located in Sydney. The property will be acquired at an initial NPI yield of 5.17 per cent. Its lease is also subject to a balance lease term of 10 years and rental escalation of 2.75 per cent per annum, which the Reit expects will provide it with long-term income stability.

https://www.businesstimes.com.sg/companies-markets/aims-apac-reit-posts-188-rise-in-h1-dpu-to-s00475


 

 

Wow , SSH  Dragon Pacific Assets, sold off another 1.1 million shares, after disposing 8.7 million shares middle of last month. Now no more SSH, as its share % drops below 5%. Maybe it doesn' t like the potential M& A news? Don' t worry la, it isn' t Sabana or Lippo la!

 

Why you think it isn't ESR reit who will takeover leh ?
You got inside info or what ?

Lobster      ( Date: 08-Oct-2021 21:48) Posted: I got news for you. But let me stress, it' s no insiders news. It' s some speculation coffee shop talks. So if it really happens, it' s just coincidence. Agree? heardvthat AIMS will be subject of interests of another company, BUT BUT BUT, unlike what' s widely rumoured for months, it may not be ESR--- but another tok kong company. Not difficult to guess which one it is. vested. Pdyohwadfmb

 

Hello, LOL, coffeeshop talk not coffeeshop fight!

Starship      ( Date: 10-Oct-2021 17:39) Posted: Lobster      ( Date: 08-Oct-2021 21:48) Posted: I got news for you. But let me stress, it' s no insiders news. It' s some speculation coffee shop talks. So if it really happens, it' s just coincidence. Agree? heardvthat AIMS will be subject of interests of another company, BUT BUT BUT, unlike what' s widely rumoured for months, it may not be ESR--- but another tok kong company. Not difficult to guess which one it is. vested. Pdyohwadfmb