| Latest Forum Topics / AIMS APAC Reit Last:1.56 -- |
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AIMSAMPI Reit
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001Zogel
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13-May-2021 06:10
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Great!
Didn't notice it went below 1 last year!
Hang tight!
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asianguy
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07-May-2021 09:29
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Brokers' take: Analysts raise AA Reit target price conversion of assets to data centres a positive surpriseIN the case where AIMS APAC Reit: O5RU 0% (AA Reit) converts several assets into data centres once the moratorium is lifted, the real estate investment trust' s value will be enhanced and well supported by unitholders, DBS Group Research said in a Thursday report. With more than 500,000 square feet of untapped gross floor area, DBS sees AA Reit as a " goldmine" of valuable land bank to extract value, and remains excited that the manager is constantly reviewing options to best utilise assets. Both RHB and DBS maintained their " buy" calls on AA Reit, with DBS raising its target price to S$1.60, while RHB raised its target price to S$1.58 from S$1.55 previously, according to Thursday reports. This comes after AA Reit posted a robust set of results for Q4 FY21 ended March this year. The strong results were due to recent acquisitions, better than expected rental performance and lower rental reliefs, said DBS. DBS and RHB also noted that there was room for rental growth with a rebound in portfolio occupancy, and positive rental reversions driven by logistics leases. The two brokers expect robust growth, given that about 14 per cent of the 24 per cent of leases expiring in FY2022 will come from logistics or warehouse properties. The remaining 6 per cent are from high-tech industrial properties and 4 per cent from light or general industrial where reversionary trends are expected to remain largely positive, with high tenant retention, DBS added. Although there was a slight dip in portfolio valuations amid the pandemic, DBS highlights that the impact on net asset value remains marginal. The research house also notes that leverage is within optimal range post-acquisition, and that there would be fundraising possibilities if acquisition momentum picks up. DBS expects strong earnings momentum in FY2022, and raises estimates by 4-6 per cent on the back of recovery in earnings and contribution from recent acquisitions, accounting for " better-than-expected rental growth and occupancies" and " lower-than-projected interest costs" . " We remain optimistic that AA Reit can deliver close to pre-pandemic earnings and project a strong 11 per cent rebound in distribution per unit (DPU) in FY2022," DBS added. Further, the research house said that AA Reit' s yield had the potential to compress by a further 80 basis points as it is currently trading at a higher forward yield of 7.2 per cent which is significantly higher than Singapore-listed industrial Reits' average of 4.9 per cent. Meanwhile, RHB noted that valuations of AA Reit are attractive with the Reit trading at one time its price-to-book value as compared to industrial Reits' average of 1.5 times their price-to-book value, and slightly below its five-year mean. With higher portfolio occupancy, earnings accretion from acquisitions, absence of rental rebates and lower interest expense, RHB analyst Vijay Natarajan estimates the DPU for FY2022 to grow by 10 per cent. Mr Natarajan also expects the Reit to continue its acquisition trajectory, with potential acquisitions of S$100-200 million in assets per annum. In addition, AA Reit' s modest gearing presents headroom for asset enhancement initiatives and acquisition, he said. RHB has tweaked up its FY22-23 DPU by 1-2 per cent factoring in slightly better rental growth. AA Reit&rsquo s units closed at S$1.41 on Thursday, up by S$0.02 or 1.44 per cent. |
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paul1688
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06-May-2021 16:49
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From DBS Vickers
Investment Thesis Attractive valuations on all fronts. We believe the market has largely ignored AAREIT&rsquo s attractive valuations compared to its 5-year historical average. Trading at a forward yield of 7.2% underpinned by its healthy portfolio WALE, and P/NAV of 1.01x - both are close to -1SD of their historical mean - the risk-reward ratio for AAREIT is attractive at this level. We raise our TP to S$1.60 given stronger-than-anticipated earnings performance, implying a total return of c.25%.
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kwwongm
Veteran |
06-May-2021 08:06
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I bought last year when it dip below sgd 1.....now sitting @ capital gain 40% and more than 10% yield...
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001Zogel
Member |
06-May-2021 06:34
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$1 per share?
That's like a decade ago rite?
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paul1688
Veteran |
06-May-2021 00:10
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Good point. In the 2 years before C-19 the DPU ranges from 2.5 to 2.75 cents. I am ok with a sustainable 2.5 cents, anything above to 2.75 will be sweet and if it gets above 2.75 then it is really nice. Will have to review the quarterly report card. All the best to holders.
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Rokawa
Member |
05-May-2021 23:35
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2.9 cents include remaining 1.1m or 1.8m i cant remember of retained distribution. i think sustainable is hopefully around 2.7 cents? hopefully |
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kwwongm
Veteran |
05-May-2021 17:50
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Good reit....vested at recent low @ 1 per share......
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paul1688
Veteran |
05-May-2021 16:20
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Nice! At 2.9 cents this is the highest quarterly dividend even from 2016 to 2019 (pre C-19). If sustainable, this translates to a yield of 8.3% at current price. Pleased with the AIMS management team since they took over. Remarks : Vested. Not enticement to buy. Pls DYODD. |
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pkli899
Supreme |
05-May-2021 13:55
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Haha, where is the decimal point? 2.9 cents la......not 29 cents.
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kwwongm
Veteran |
05-May-2021 13:50
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https://www.businesstimes.com.sg/companies-markets/aims-apac-reit-posts-45-rise-in-q4-dpu-to-29-s-cents
Wow 29 cents dividend....on the way to sgd 1.5... |
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antifragile
Senior |
09-Apr-2021 11:39
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1.5....!
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paul1688
Veteran |
09-Apr-2021 00:51
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RHB has initiated " buy" on AIMS APAC Reit (AAReit), citing it as an overlooked and undervalued industrial real estate investment trust (Reit) with high-quality industrial assets in Singapore and Australia. It has a target price of S$1.55 for AAReit. In a report on Thursday, RHB said AAReit has a high-quality logistics-focused industrial portfolio that sees the Reit deriving half of its income from logistics assets. Logistics assets emerged as key beneficiaries of the Covid-19 pandemic, boosting the Reit' s portfolio occupancy by 6.3 percentage points to 95.7 per cent to date as at the third quarter of FY2021. The research team foresees this high level of occupancy to continue as demand for logistics assets remains strong due to shifts in supply chains and e-commerce trends. Analyst Vijay Natarajan also expects the Reit' s distribution per unit (DPU) turnaround at the end of FY2022 to increase by 9 per cent, supported by two recent accretive acquisitions in Singapore, including the acquisition of a ramp-up logistics warehouse at 7 Bulim Street, as well as occupancy improvements and the absence of one-off rent rebates. He believes that AAReit has room for acquisition-led growth and is a potential merger and acquisition candidate in the medium term. |
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antifragile
Senior |
06-Apr-2021 13:27
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Catching up with Sabana...! $1b market cap...! |
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Jamesbond007
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08-Feb-2021 14:32
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Speculation. | ||||
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laksaman57
Supreme |
08-Feb-2021 12:06
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Be aware the infamous " It's not an asset sale" rationale👇
https://www.google.com/amp/s/www.businesstimes.com.sg/companies-markets/sabana-reit-clarifies-proposed-merger-with-esr-reit-not-an-asset-sale%3famp |
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laksaman57
Supreme |
08-Feb-2021 11:58
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Must watch out for two things
1) Will ESR buy out the mgr 2) Will the excuse .... it's not a sale of asset but merger of asset, to make a low ball offer
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kwwongm
Veteran |
08-Feb-2021 11:27
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1.8 times of NAV
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laksaman57
Supreme |
08-Feb-2021 11:09
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What'll be ESR reit offer price that AIMS APAC reit unitholders will find acceptable
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Starship
Supreme |
07-Feb-2021 14:23
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AIMS APAC REIT appears on radar as target for merger with ESR-REIT FEB 5, 2021 After a failed bid to merge with ESR-REIT with Sabana REIT, ESR Cayman may have found another suitor in the form of fast-growing industrial landlord, AIMS APAC REIT (AAREIT). AIMS APAC REIT is a Singapore-heavy industrial REIT with a portfolio of mostly light industrial and logistics facilities across Australia and Singapore. The REIT features a relatively longer portfolio weighted average lease expiry (WALE) of 3.9 years, compared to the 3.3 years exhibited by its REIT peers in the mid-cap industrial segment. https://www.reitsweek.com/2021/02/aims-apac-reit-appears-on-radar-as-target-for-merger-with-esr-reit.html |
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