AIMS APAC REIT

AIMS APAC REIT

SSGX:O5RU
1.40
SGD
+0.03
(+2.19%)
0.16EPS
8.79P/E
1.02BMarket Cap
May 11Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.2
0.18
0.2
0.19
0.18
0.17
0.17
0.17
0.2
0.23
0.22
0.23
0.23
0.18
Basic EPS, GAAP
0.16
0.17
0.06
0.02
0.09
0.07
0.12
0.07
0.15
0.16
0.08
0.07
0.16
0.16
Free Cash Flow per Basic Share
0.13
0.12
0.12
0.12
0.11
0.11
0.12
0.11
0.14
0.15
0.15
0.16
0.15
0.11
Dividend per Share
0.09
0.09
0.11
0.11
0.1
0.09
0.08
0.08
0.1
0.1
0.09
0.09
0.1
0.09
Book Value per Share
1.47
1.53
1.48
1.39
1.37
1.34
1.35
1.54
1.91
1.9
1.77
1.85
2.04
1.92
Tangible Book Value per Share
1.47
1.53
1.48
1.39
1.37
1.34
1.35
1.54
1.91
1.9
1.77
1.85
2.04
1.92
Basic Weighted Avg Shares
539
624
635
638
655
687
698
708
710
719
791
812
817
708
Sales/Revenue/Turnover
108
115
124
120
117
118
119
123
142
167
177
187
191
130
Operating Margin (%)
59.27
58.73
57.57
58.5
57.44
58.39
66.19
61.6
58.96
59.9
64.41
61.76
64.37
63.28
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
- -
Net Income, GAAP
84
108
41
13
61
50
86
52
104
114
63
53
131
116
Effective Tax Rate (%)
0.1
1.54
10.61
10.19
2.27
5.15
8.13
13.4
7.29
- -
- -
- -
1.31
7.65
Profit Margin (%)
77.56
93.62
32.81
11.22
52.34
42.39
71.95
42.42
73.11
68.02
35.48
28.64
68.81
88.97
Working Capital
-10
-14
-114
-98
-193
-90
-167
-102
-51
-9
-126
-4
-94
- -
LT Debt
442
454
372
445
305
417
467
601
906
884
684
692
572
450
Total Equity
912
962
941
888
939
928
955
1,087
1,374
1,367
1,434
1,503
1,667
1,361
Return on Invested Capital (%)
5.4
4.82
4.53
4.46
4.61
4.58
4.8
3.9
3.8
- -
- -
- -
5.31
4.16
Return on Capital (%)
8.09
9.2
4.06
2.05
5.53
4.64
6.94
4.14
6.01
- -
- -
- -
7.09
7.31
Return on Common Equity (%)
10.64
11.53
4.29
1.47
6.7
5.36
9.08
5.09
8.46
8.31
4.49
3.64
8.28
9.53

Capital Structure

SGD

•

in mil. unless spec.
Mar'21
Jun'22
Sep'22
ST Debt
86
139
112
LT Borrowings
511
463
359
LT Finance Leases
90
92
91
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
708
709
709
Market Capitalization
912
1,040
1,019

Working Capital

SGD

•

in mil. unless spec.
Mar'21
Jun'22
Sep'22
Total Current Assets
18
19
139
Cash, Cash Equivalents & STI
11
11
108
Accounts Receivable, Net
7
8
30
Inventories
- -
- -
- -
Total Current Liabilities
120
170
139
Payables & Accruals
- -
- -
- -
ST Debt
86
139
112
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.22%
9.3%
10.92%
Free Cash Flow
5.56%
10.01%
-2.43%
Net Income, GAAP
49.57%
39.03%
145.44%
Sales/Revenue/Turnover
4.57%
9.4%
2.16%
Total Cash Common Dividend
2.13%
7.33%
4.2%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
177
2025
- -
- -
187
2026
- -
- -
191

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.08
2025
- -
- -
0.07
2026
- -
- -
0.16

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.09
2025
- -
- -
0.09
2026
- -
- -
0.1

Company Description

CEO
Joo Lee Lim
Full Time Employees
40
Sector
Finance
Industry
Real estate investment trusts
Address
One Raffles Place Singapore CE Singapore 048616
IPO Date
Apr 19, 2007
Business
AIMS APAC REIT is a Singapore-based real estate investment trust primarily engaged in investing in a diversified portfolio of high-quality income-producing industrial, logistics, and business park real estate across the Asia Pacific region. The trust's portfolio comprises properties supporting warehousing and distribution, business parks, light industrial, high-tech, and manufacturing activities. As of March 2025, its portfolio includes 28 properties valued at approximately SGD 2.13 billion, with 25 located in Singapore and three in Australia, covering a total net lettable area of about 8.5 million square feet. The trust is managed by AIMS APAC REIT Management Limited, a wholly owned subsidiary of AIMS Financial Group. The core products and services of AIMS APAC REIT involve leasing and managing industrial, logistics, and business park properties designed to cater to tenants in warehousing, logistics, business park operations, light industrial, and high-technology industries. The trust focuses on providing workspace solutions suitable for a range of industrial and logistics needs to investors and tenants in the Asia-Pacific region, predominantly Singapore and Australia. Recent major company developments include the acquisition of 2 Aljunied Avenue 1 in Singapore in November 2025, expanding its industrial property portfolio. The trust is actively pursuing a portfolio rejuvenation strategy, including asset enhancement initiatives at select properties like 7 Clementi Loop and 15 Tai Seng, aimed at increasing rental income and occupancy rates. AIMS APAC REIT also secured a sustainability-linked loan of up to SGD 400 million and AUD 150 million, tying financing costs to environmental, social, and governance (ESG) performance. It has shown strong rental reversions, particularly in its logistics and warehouse segments, with multi-user property conversions to enhance yield and maintain portfolio occupancy around 95%. The trust announced plans to acquire the Framework Building for SGD 56.65 million, including a land premium payable to JTC Corporation. Founded in 2006 and listed on the Singapore Exchange since 2007, AIMS APAC REIT operates within the industrial real estate investment trust sector, targeting investors seeking exposure to Asia Pacific's industrial and logistics property market. The trust leverages its regional reach and asset management expertise to deliver stable income and long-term capital growth to its unitholders. Its parent company, AIMS Financial Group, headquartered in Sydney, Australia, provides diversified financial services including funds management and investment banking across the Asia-Pacific region. In summary, AIMS APAC REIT offers a strategically diversified portfolio of industrial, logistics, and business park properties in key Asia-Pacific markets, with a recent focus on acquisitions, portfolio rejuvenation, and sustainability-linked financing to drive long-term income growth and value appreciation.