New Risk • May 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Declared Dividend • May 09
Fourth quarter dividend increased to S$0.026 Dividend of S$0.026 is 2.8% higher than last year. Ex-date: 15th May 2026 Payment date: 29th June 2026 Dividend yield will be 6.3%, which is higher than the industry average of 5.9%. Announcement • Apr 17
Sin Hwa Dee Foodstuff Industries Pte. Ltd. completed the acquisition of 8 Senoko South Road in Singapore from AIMS APAC REIT (SGX:O5RU). Sin Hwa Dee Foodstuff Industries Pte. Ltd. entered into a Sale and Purchase Agreement to acquire 8 Senoko South Road in Singapore from AIMS APAC REIT (SGX:O5RU) for SGD 15 million on March 4, 2026. A cash consideration of SGD 15 million will be paid by Sin Hwa Dee Foodstuff Industries Pte. Ltd. As part of consideration, SGD 15 million is paid towards assets of 8 Senoko South Road in Singapore.
The transaction is subject to JTC Corporation’s approval, the divestment is expected to be completed within the first half of 2026.
Sin Hwa Dee Foodstuff Industries Pte. Ltd. completed the acquisition of 8 Senoko South Road in Singapore from AIMS APAC REIT (SGX:O5RU) on April 16, 2026. On completion, AIMS APAC REIT’s portfolio now comprises 24 properties in Singapore and 3 1 properties in Australia. Announcement • Apr 16
AIMS APAC REIT to Report Second Half, 2026 Results on May 07, 2026 AIMS APAC REIT announced that they will report second half, 2026 results on May 07, 2026 Announcement • Mar 05
Sin Hwa Dee Foodstuff Industries Pte. Ltd. entered into a Sale and Purchase Agreement to acquire 8 Senoko South Road in Singapore from AIMS APAC REIT (SGX:O5RU) for SGD 15 million. Sin Hwa Dee Foodstuff Industries Pte. Ltd. entered into a Sale and Purchase Agreement to acquire 8 Senoko South Road in Singapore from AIMS APAC REIT (SGX:O5RU) for SGD 15 million on March 4, 2026. A cash consideration of SGD 15 million will be paid by Sin Hwa Dee Foodstuff Industries Pte. Ltd. As part of consideration, SGD 15 million is paid towards assets of 8 Senoko South Road in Singapore.
The transaction is subject to JTC Corporation’s approval, the divestment is expected to be completed within the first half of 2026. Board Change • Mar 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Non-Executive Lead Independent Director of AIMS APAC REIT Management Limited Nam Toon Chia was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 08
Dividend increased to S$0.025 Dividend of S$0.025 is 5.4% higher than last year. Ex-date: 13th February 2026 Payment date: 26th March 2026 Dividend yield will be 6.4%, which is higher than the industry average of 5.9%. Price Target Changed • Feb 06
Price target increased by 13% to S$1.62 Up from S$1.44, the current price target is an average from 3 analysts. New target price is 6.1% above last closing price of S$1.53. Stock is up 21% over the past year. The company is forecast to post earnings per share of S$0.12 for next year compared to S$0.04 last year. Announcement • Jan 14
AIMS APAC REIT to Report Q3, 2026 Results on Feb 05, 2026 AIMS APAC REIT announced that they will report Q3, 2026 results Pre-Market on Feb 05, 2026 Declared Dividend • Nov 10
Dividend of S$0.024 announced Shareholders will receive a dividend of S$0.024. Ex-date: 13th November 2025 Payment date: 24th December 2025 Dividend yield will be 6.8%, which is higher than the industry average of 5.9%. New Risk • Nov 06
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Announcement • Oct 14
AIMS APAC REIT to Report Q2, 2026 Results on Nov 05, 2025 AIMS APAC REIT announced that they will report Q2, 2026 results Pre-Market on Nov 05, 2025 Declared Dividend • Aug 02
Fourth quarter dividend increased to S$0.023 Dividend of S$0.023 is 0.4% higher than last year. Ex-date: 8th August 2025 Payment date: 24th September 2025 Dividend yield will be 7.1%, which is higher than the industry average of 5.9%. Announcement • Jul 14
Aims Financial Group Pty Limited acquired an additional 7% stake in AIMS APAC REIT (SGX:O5RU) from Esr Hk Management Limited. Aims Financial Group Pty Limited acquired an additional 7% stake in AIMS APAC REIT (SGX:O5RU) from Esr Hk Management Limited on July 14, 2025. After completion Aims Financial Group Pty Limited holds 18.66% stake in AIMS APAC REIT. Before completion, Aims Financial Group Pty Limited used to hold 11.66% stake in AIMS APAC REIT.
Aims Financial Group Pty Limited completed the acquisition of an additional 7% stake in AIMS APAC REIT (SGX:O5RU) from Esr Hk Management Limited on July 14, 2025. Announcement • Jul 09
AIMS APAC REIT to Report Q1, 2026 Results on Jul 31, 2025 AIMS APAC REIT announced that they will report Q1, 2026 results Pre-Market on Jul 31, 2025 Reported Earnings • Jun 29
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: S$0.04 (down from S$0.054 in FY 2024). Revenue: S$186.6m (up 5.3% from FY 2024). Net income: S$32.7m (down 23% from FY 2024). Profit margin: 18% (down from 24% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) missed analyst estimates by 53%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Industrial REITs industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
AIMS APAC REIT, Annual General Meeting, Jul 29, 2025 AIMS APAC REIT, Annual General Meeting, Jul 29, 2025, at 11:00 Singapore Standard Time. Location: big picture theatre at 168 robinson road, capital tower, singapore 068912, Singapore Declared Dividend • May 09
Fourth quarter dividend increased to S$0.025 Dividend of S$0.025 is 6.8% higher than last year. Ex-date: 16th May 2025 Payment date: 25th June 2025 Dividend yield will be 7.6%, which is higher than the industry average of 5.9%. Reported Earnings • May 08
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: S$0.04 (down from S$0.054 in FY 2024). Revenue: S$186.6m (up 5.3% from FY 2024). Net income: S$32.7m (down 23% from FY 2024). Profit margin: 18% (down from 24% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) missed analyst estimates by 53%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Industrial REITs industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Apr 17
AIMS APAC REIT to Report Second Half, 2025 Results on May 07, 2025 AIMS APAC REIT announced that they will report second half, 2025 results on May 07, 2025 Buy Or Sell Opportunity • Apr 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to S$1.17. The fair value is estimated to be S$1.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 33%. Revenue is forecast to decline by 0.3% in 2 years. Earnings are forecast to grow by 115% in the next 2 years. Buy Or Sell Opportunity • Feb 03
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at S$1.27. The fair value is estimated to be S$1.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 33%. Revenue is forecast to decline by 0.3% in 2 years. Earnings are forecast to grow by 115% in the next 2 years. Declared Dividend • Feb 03
Dividend increased to S$0.024 Dividend of S$0.024 is 2.6% higher than last year. Ex-date: 7th February 2025 Payment date: 26th March 2025 Dividend yield will be 7.4%, which is higher than the industry average of 5.9%. Announcement • Jan 06
AIMS APAC REIT to Report Q3, 2025 Results on Jan 28, 2025 AIMS APAC REIT announced that they will report Q3, 2025 results Pre-Market on Jan 28, 2025 Declared Dividend • Nov 11
Dividend increased to S$0.024 Dividend of S$0.024 is 2.6% higher than last year. Ex-date: 13th November 2024 Payment date: 24th December 2024 Dividend yield will be 7.3%, which is higher than the industry average of 5.9%. Announcement • Oct 14
AIMS APAC REIT to Report First Half, 2025 Results on Nov 05, 2024 AIMS APAC REIT announced that they will report first half, 2025 results on Nov 05, 2024 Declared Dividend • Aug 02
Fourth quarter dividend of S$0.023 announced Shareholders will receive a dividend of S$0.023. Ex-date: 8th August 2024 Payment date: 25th September 2024 Dividend yield will be 7.1%, which is higher than the industry average of 5.9%. Announcement • Jul 31
AIMS APAC REIT Announces Distributable Income for the Period from 1 April 2024 to 30 June 2024, Payable on 25 September 2024 The Transfer Books and Register of Unitholders of AIMS APAC REIT ("AA REIT") will be closed on 12 August 2024 (the "Record Date") to determine Unitholders' entitlements to AA REIT's distributable income of 2.270 cents per unit in AA REIT ("Unit") for the period from 1 April 2024 to 30 June 2024 (the "Distribution") comprising a taxable income component of 1.810 cents per Unit and a capital distribution component of 0.460 cents per Unit. Holders of Units ("Unitholders") whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with the Units as on the Record Date will be entitled to the Distribution to be paid on 25 September 2024. First day of "ex-distribution" trading: 8 August 2024. Buy Or Sell Opportunity • Jul 17
Now 20% undervalued Over the last 90 days, the stock has risen 4.8% to S$1.30. The fair value is estimated to be S$1.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 9.1%. For the next 3 years, revenue is forecast to grow by 1.3% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Announcement • Jul 10
AIMS APAC REIT to Report Q1, 2025 Results on Jul 31, 2024 AIMS APAC REIT announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • Jun 29
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: S$0.054 (down from S$0.13 in FY 2023). Revenue: S$177.3m (up 5.9% from FY 2023). Net income: S$42.4m (down 55% from FY 2023). Profit margin: 24% (down from 56% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Industrial REITs industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year. Announcement • Jun 28
AIMS APAC REIT, Annual General Meeting, Jul 29, 2024 AIMS APAC REIT, Annual General Meeting, Jul 29, 2024, at 11:00 Singapore Standard Time. Location: stephen riady auditorium @ ntuc 1marina boulevard, 07-01, singapore 018989, Singapore New Risk • Jun 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 24% Last year net profit margin: 56% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Profit margins are more than 30% lower than last year (24% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Declared Dividend • May 09
Dividend of S$0.024 announced Shareholders will receive a dividend of S$0.024. Ex-date: 15th May 2024 Payment date: 24th June 2024 Dividend yield will be 7.1%, which is higher than the industry average of 5.9%. Reported Earnings • May 07
Full year 2024 earnings released: EPS: S$0.054 (vs S$0.13 in FY 2023) Full year 2024 results: EPS: S$0.054 (down from S$0.13 in FY 2023). Revenue: S$177.3m (up 5.9% from FY 2023). Net income: S$62.9m (down 33% from FY 2023). Profit margin: 36% (down from 56% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 3.7% growth forecast for the Industrial REITs industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 12
AIMS APAC REIT to Report Fiscal Year 2024 Results on May 07, 2024 AIMS APAC REIT announced that they will report fiscal year 2024 results Pre-Market on May 07, 2024 Declared Dividend • Feb 04
Dividend of S$0.023 announced Shareholders will receive a dividend of S$0.023. Ex-date: 8th February 2024 Payment date: 22nd March 2024 Dividend yield will be 7.4%, which is higher than the industry average of 5.9%. Announcement • Jan 09
AIMS APAC REIT to Report Q3, 2024 Results on Jan 31, 2024 AIMS APAC REIT announced that they will report Q3, 2024 results Pre-Market on Jan 31, 2024 Upcoming Dividend • Nov 07
Upcoming dividend of S$0.023 per share at 8.0% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 22 December 2023. Trailing yield: 8.0%. Within top quartile of Singaporean dividend payers (6.6%). Higher than average of industry peers (6.4%). Announcement • Nov 03
Aims Apac Reit Announces Dividend for the Period from 1 July 2023 to 30 September 2023, Payable on 22 December 2023 AIMS APAC REIT will be closed on 15 November 2023 at 5.00 p.m. (the "Record Date") to determine Unitholders' entitlements to AA REIT's distributable income of 2.34 cents per unit in AA REIT ("Unit") for the period from 1 July 2023 to 30 September 2023 (the "Distribution") comprising a taxable income component of 1.784 cents per Unit and a capital distribution component of 0.556 cents per Unit. Holders of Units ("Unitholders") whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with the Units as at 5.00 p.m. on the Record Date will be entitled to the Distribution to be paid on 22 December 2023. Announcement • Sep 14
Cantal United Pte Ltd completed the acquisition of 541 Yishun Industrial Park A in Singapore from AIMS APAC REIT (SGX:O5RU). Cantal United Pte Ltd entered into an agreement to acquire 541 Yishun Industrial Park A in Singapore from AIMS APAC REIT (SGX:O5RU) for SGD 12.88 million on April 24, 2023. The transaction is subject to approval from JTC. The transaction is expected to be completed by the third quarter of 2023.Cantal United Pte Ltd completed the acquisition of 541 Yishun Industrial Park A in Singapore from AIMS APAC REIT (SGX:O5RU) on September 12, 2023. Major Estimate Revision • Aug 22
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from S$0.091 to S$0.106. Revenue forecast unchanged at S$172.8m. Net income forecast to shrink 11% next year vs 13% decline forecast for Industrial REITs industry in Singapore. Consensus price target broadly unchanged at S$1.48. Share price was steady at S$1.23 over the past week. Announcement • Jul 27
AIMS APAC REIT Announces Cash Dividend for the Period from 12 June 2023 to 30 June 2023, Payable on 22 September 2023 AIMS APAC REIT announced the Transfer Books and Register of Unitholders of AA REIT will be closed on 7 August 2023 at 5.00 p.m. (the "Record Date") to determine Unitholders' entitlements to AA REIT's distributable income of 0.510 cents per unit in AA REIT ("Unit") for the period from 12 June 2023 to 30 June 2023 (the "Distribution") comprising a taxable income component of 0.384 cents per Unit and a capital distribution component of 0.126 cents per Unit. Holders of Units ("Unitholders") whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with the Units as at 5.00 p.m. on the Record Date will be entitled to the Distribution to be paid on 22 September 2023. Announcement • Jul 12
AIMS APAC REIT to Report Q1, 2024 Results on Jul 27, 2023 AIMS APAC REIT announced that they will report Q1, 2024 results at 9:00 AM, Singapore Standard Time on Jul 27, 2023 Reported Earnings • Jun 23
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: S$0.13 (up from S$0.13 in FY 2022). Revenue: S$167.4m (up 18% from FY 2022). Net income: S$93.4m (up 4.6% from FY 2022). Profit margin: 56% (down from 63% in FY 2022). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Industrial REITs industry in Singapore. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jun 22
AIMS APAC REIT, Annual General Meeting, Jul 24, 2023 AIMS APAC REIT, Annual General Meeting, Jul 24, 2023, at 14:00 Singapore Standard Time. Location: Big Picture Theatre at 168 Robinson Road, Capital Tower, Singapore 068912 Singapore Singapore Agenda: To receive and adopt the Report of HSBC Institutional Trust Services (Singapore) Limeted, as trustee of AA REIT ("Trustee"), the statement bu AIMS APAC REIT Management Limited, as manager of AA REIT ("Manager"), the Audited Financial Statements of AA REIT for the financial year ended 31 march 2023 and the Auditors' report thereon; to re-appoint KPMG LLP as Auditors of AA REIT and to hold office until the conclusion of the next AGM and to authorise the Manager to determine their remuneration; and to consider other matters. Announcement • Jun 12
Aims Apac Reit Announces Distribution for the Period from 1 April 2023 to 11 June 2023, to Be Paid on or Around 20 July 2023 AIMS APAC REIT announced that the actual Advanced Distribution per unit in AA REIT ("Unit") for the period from 1 April 2023 to 11 June 2023 is 1.800 Singapore cents. Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with Units as at 5.00 p.m. on 9 June 2023 will be entitled to the Advanced Distribution to be paid on or around 20 July 2023. New Risk • Jun 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.2% increase in shares outstanding). Reported Earnings • May 06
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: S$0.13 (up from S$0.13 in FY 2022). Revenue: S$167.4m (up 18% from FY 2022). Net income: S$113.9m (up 28% from FY 2022). Profit margin: 68% (up from 63% in FY 2022). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Industrial REITs industry in Singapore. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Announcement • May 05
AIMS APAC REIT Announces Cash Distribution for the Period from 1 January 2023 to 31 March 2023, Payable on 28 June 2023 The Transfer Books and Register of Unitholders of AIMS APAC REIT will be closed on 15 May 2023 at 5.00 p.m. (the “Record Date”) to determine Unitholders’ entitlements to AA REIT’s distributable income of 2.654 cents per unit in AA REIT (“Unit”) for the period from 1 January 2023 to 31 March 2023 (the “Distribution”) comprising a taxable income component of 1.770 cents per Unit and a capital distribution component of 0.884 cents per Unit. Holders of Units (“Unitholders”) whose securities accounts with The Central Depository (Pte) Limited (“CDP”) are credited with the Units as at 5.00 p.m. on the Record Date will be entitled to the Distribution to be paid on 28 June 2023. Announcement • Feb 01
AIMS APAC REIT Appoints Vivienne Yu as Non-Executive Independent Director AIMS Apac Real Estate Investment Trust's (Reit) manager has appointed Vivienne Yu as non-executive independent director with effect from Feb. 1, 2023, it announced on Wednesday (Feb 1). Yu will also join the audit, risk and compliance committee, as well as the nominating and remuneration committee as a member. She is currently the executive director of financial services company KVB Global Markets Australia. Yu is also the non-executive director in several organizations in Australia, including the Australia China Business Council New South Wales, National Foundation for Australian Women and Bridge Housing. Yu has more than 20 years of experience in leadership and management roles within the banking and financial services sector in Australia and Asia, the Reit manager said. She was previously the China chief executive and executive general manager of Commonwealth Bank of Australia, and temporarily the deputy chief executive of Bank of Hangzhou. Announcement • Jan 25
AIMS APAC REIT Announces Distribution for the Period from 1 October 2022 to 31 December 2022, Payable on 24 March 2023 AIMS APAC REIT announced that the Transfer Books and Register of Unitholders of the company will be closed on 3 February 2023 at 5.00 p.m. (the "Record Date") to determine Unitholders' entitlements to AA REIT's distributable income of 2.59 cents per unit in AA REIT ("Unit") for the period from 1 October 2022 to 31 December 2022 (the "Distribution") comprising a taxable income component of 1.86 cents per Unit and a capital distribution component of 0.73 cents per Unit. Holders of Units ("Unitholders") whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with the Units as at 5.00 p.m. on the Record Date will be entitled to the Distribution to be paid on 24 March 2023. Announcement • Jan 06
AIMS APAC REIT to Report Q3, 2023 Results on Jan 25, 2023 AIMS APAC REIT announced that they will report Q3, 2023 results at 9:00 AM, Singapore Standard Time on Jan 25, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Non-Executive Lead Independent Director of AIMS APAC REIT Management Limited Kheng Hwa Ko was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
First half 2023 earnings released: EPS: S$0.072 (vs S$0.093 in 1H 2022) First half 2023 results: EPS: S$0.072 (down from S$0.093 in 1H 2022). Revenue: S$83.2m (up 28% from 1H 2022). Net income: S$51.6m (down 22% from 1H 2022). Profit margin: 62% (down from 101% in 1H 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the REITs industry in Singapore. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Oct 26
AIMS APAC REIT Announces Dividend for the Period from 1 July 2022 to 30 September 2022, Payable on 23 December 2022 AIMS APAC REIT announced that the Transfer Books and Register of Unitholders of AIMS APAC REIT (AA REIT) will be closed on 4 November 2022 at 5.00 p.m. (Record Date) to determine Unitholders' entitlements to AA REIT's distributable income of 2.42 cents per unit in AA REIT (Unit) for the period from 1 July 2022 to 30 September 2022 (Distribution) comprising a taxable income component of 1.74 cents per Unit and a capital distribution component of 0.68 cents per Unit. Holders of Units whose securities accounts with The Central Depository (Pte) Limited are credited with the Units as at 5.00 p.m. on the Record Date will be entitled to the Distribution to be paid on 23 December 2022. Announcement • Oct 19
AIMS APAC REIT to Report First Half, 2023 Results on Oct 26, 2022 AIMS APAC REIT announced that they will report first half, 2023 results on Oct 26, 2022 Announcement • Jul 26
AIMS APAC REIT Announces Cash Dividend for the Period from 1 April 2022 to 30 June 2022, Payable on 23 September 2022 The Transfer Books and Register of Unitholders of AIMS APAC REIT ("AA REIT") will be closed on 4 August 2022 at 5.00 p.m. (the "Record Date") to determine Unitholders' entitlements to AA REIT's distributable income of 2.28 cents per unit in AA REIT ("Unit") for the period from 1 April 2022 to 30 June 2022 (the "Distribution") comprising a taxable income component of 1.40 cents per Unit and a capital distribution component of 0.88 cents per Unit. Holders of Units ("Unitholders") whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with the Units as at 5.00 p.m. on the Record Date will be entitled to the Distribution to be paid on 23 September 2022. Announcement • Jul 19
AIMS APAC REIT to Report Q1, 2023 Results on Jul 26, 2022 AIMS APAC REIT announced that they will report Q1, 2023 results at 9:00 AM, Singapore Standard Time on Jul 26, 2022 Reported Earnings • Jul 06
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: S$0.13 (up from S$0.067 in FY 2021). Revenue: S$142.4m (up 16% from FY 2021). Net income: S$89.2m (up 88% from FY 2021). Profit margin: 63% (up from 39% in FY 2021). The increase in margin was primarily driven by lower expenses. Net asset value (NAV) per share: S$1.40 (up 2.9% from FY 2021). The current share price is 2.9% lower than NAV per share. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Over the next year, revenue is forecast to grow 15%, compared to a 7.7% growth forecast for the reits industry in Singapore. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jul 04
AIMS APAC REIT, Annual General Meeting, Jul 26, 2022 AIMS APAC REIT, Annual General Meeting, Jul 26, 2022, at 14:00 Singapore Standard Time. Agenda: To receive and adopt the Report of HSBC Institutional Trust Services (Singapore) Limited, as trustee of AA REIT, the Statement by AIMS APAC REIT Management Limited, as manager of AA REIT, the Audited Financial Statements of AA REIT for the financial year ended 31 March 2022 and the Auditors' Report thereon; to re-appoint KPMG LLP as Auditors of AA REIT and to hold office until the conclusion of the next AGM and to authorize the Manager to determine their remuneration; and to transact other matters. Reported Earnings • May 03
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: S$0.13 (up from S$0.067 in FY 2021). Revenue: S$142.4m (up 16% from FY 2021). Net income: S$89.2m (up 88% from FY 2021). Profit margin: 63% (up from 39% in FY 2021). The increase in margin was primarily driven by lower expenses. Net asset value (NAV) per share: S$1.40 (up 2.9% from FY 2021). The current share price is 1.4% higher than NAV per share. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Over the next year, revenue is forecast to grow 17%, compared to a 6.7% growth forecast for the reits industry in Singapore. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • May 02
Upcoming dividend of S$0.024 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 24 June 2022. Trailing yield: 6.3%. Within top quartile of Singaporean dividend payers (5.8%). Higher than average of industry peers (5.3%). Announcement • Apr 27
AIMS APAC REIT Announces Dividend for the Period Ended from January 1, 2022 to March 31, 2022 the Transf er Books and Register of Unitholders of AIMS APAC REIT ("AA REIT") will be closed on 10 May 2022 at 5.00 p.m. (the "Record Date") to determine Unitholders' entitlements to AA REIT's distributable income of 2.360 cents per unit in AA REIT ("Unit") for the period from 1 January 2022 to 31 March 2022 (the "Distribution") comprising a taxable income component of 1.616 cents per Unit, a tax-exempt income component of 0.134 cents per Unit and a capital distribution component of 0.610 cents per Unit. Holders of Units ("Unitholders") whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with the Units as at 5.00 p.m. on the Record Date will be entitled to the Distribution to be paid on 24 June 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Non-Executive Lead Independent Director of AIMS APAC REIT Management Limited Kheng Hwa Ko was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 19
AIMS APAC REIT to Report Fiscal Year 2022 Results on Apr 27, 2022 AIMS APAC REIT announced that they will report fiscal year 2022 results Pre-Market on Apr 27, 2022 Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Non-Executive Lead Independent Director of AIMS APAC REIT Management Limited Kheng Hwa Ko was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 19
Upcoming dividend of S$0.025 per share Eligible shareholders must have bought the stock before 26 October 2021. Payment date: 17 December 2021. Trailing yield: 5.9%. Within top quartile of Singaporean dividend payers (5.2%). Higher than average of industry peers (5.0%). Reported Earnings • Oct 15
Second quarter 2022 earnings released: EPS S$0.067 (vs S$0.005 loss in 2Q 2021) Second quarter 2022 results: Revenue: S$33.4m (up 9.6% from 2Q 2021). Net income: S$54.2m (up S$57.5m from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Jul 08
Full year 2021 earnings released: EPS S$0.067 (vs S$0.12 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: S$122.6m (up 3.2% from FY 2020). Net income: S$47.6m (down 44% from FY 2020). Profit margin: 39% (down from 72% in FY 2020). Net asset value (NAV) per share: S$1.36 (flat on FY 2020). The current share price is 13% higher than NAV per share. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Jul 07
Price target increased to S$1.57 Up from S$1.46, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of S$1.56. Stock is up 30% over the past year. Reported Earnings • May 06
Full year 2021 earnings released: EPS S$0.074 (vs S$0.12 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: S$122.6m (up 3.2% from FY 2020). Net income: S$52.0m (down 39% from FY 2020). Profit margin: 42% (down from 72% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 21
AIMS APAC REIT Announces Resignation of Chong Teck Sin as Member of the Nominating and Remuneration Committee The Board of Directors of AIMS APAC REIT Management Limited as the manager of AIMS APAC REIT wishes to announced that Mr. Chong Teck Sin will be stepping down as a member of the Nominating and Remuneration Committee with effect from 1 April 2021. Mr. Chong will continue to serve as the Chairman of the Audit, Risk and Compliance Committee. Consequent to the above, the composition of the NRC with effect from 1 April 2021 shall be as follows: Mr. Ko Kheng Hwa (NRC Chairman); Mr. Peter Michael Heng (NRC Member) and Mr. George Wang (NRC Member). Reported Earnings • Jan 29
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: S$32.1m (up 9.1% from 3Q 2020). Net income: S$10.7m (down 80% from 3Q 2020). Profit margin: 33% (down from 183% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jan 21
AIMS APAC REIT to Report Q3, 2021 Results on Jan 28, 2021 AIMS APAC REIT announced that they will report Q3, 2021 results Pre-Market on Jan 28, 2021 Is New 90 Day High Low • Jan 07
New 90-day high: S$1.27 The company is up 7.0% from its price of S$1.19 on 09 October 2020. The Singaporean market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$1.68 per share. Is New 90 Day High Low • Dec 18
New 90-day high: S$1.26 The company is up 6.0% from its price of S$1.19 on 18 September 2020. The Singaporean market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$1.67 per share. Announcement • Nov 05
AIMS APAC REIT Appoints Russell Ng Keh Yang as Director AIMS APAC REIT appointed Russell Ng Keh Yang as Director. As Director, Capital Transactions & Partnerships, Mr. Ng will head the acquisitions and divestments for the company and explore joint ventures with third party capital and/or business partners to diversify and expand company's portfolio, while optimising capital and investment risk. Is New 90 Day High Low • Nov 03
New 90-day low: S$1.16 The company is down 4.0% from its price of S$1.21 on 05 August 2020. The Singaporean market is down 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$1.55 per share. Reported Earnings • Oct 28
First half earnings released Over the last 12 months the company has reported total profits of S$72.1m, up 84% from the prior year. Total revenue was S$115.4m over the last 12 months, down 4.6% from the prior year. Note: Net income excluding extraordinary items provided as the company does not report funds from operations. Announcement • Oct 20
AIMS APAC REIT to Report Q2, 2021 Results on Oct 27, 2020 AIMS APAC REIT announced that they will report Q2, 2021 results at 9:00 AM, Singapore Standard Time on Oct 27, 2020 Announcement • Jul 18
AIMS APAC REIT to Report Q1, 2021 Results on Jul 23, 2020 AIMS APAC REIT announced that they will report Q1, 2021 results at 9:00 AM, Singapore Standard Time on Jul 23, 2020 
