AIMS APAC REIT’s net property income climbs 6.3% YoY to $97.8m in 9M24
Despite higher NPI, the REIT recorded a 4.1% YoY lower distribution per unit.
AIMS APAC REIT ended 9MFY24 with a 6.3% YoY higher net property income (NPI) of $97.8m.
The REIT likewise recorded a 5.2% YoY higher distribution to unitholders of $55.1m.
Despite improving its NPI and distribution to unitholders, the REIT’s distribution per unit (DPU) still declined in 9MFY24 by 4.1% YoY to $0.06990.
The REIT attributed the decline in its DPU to an “enlarged unit base following the Equity Fund Raising (EFR) in July 2023.”