AIMS AMP REIT’s net property income up 9.7% to $20.5m in Q3
Thanks to maiden contributions from new properties.
AIMS AMP REIT today reported that its net property income increased 9.7% year-on-year to $20.5m in the third quarter.
Gross revenue achieved for Q3 grew 8.8% on-year to $29.7m due mainly to maiden rental contributions from a number of new properties.
AA REIT also reported 10 new and renewal leases for the quarter, representing 16,862.1 sqm at a weighted average rental increase of 9.2% on the renewals.