SINGAPORE (Oct 29): Analysts are keeping their “buy” recommendations on AIMS AMP Capital Industrial REIT (AA REIT) on the back of its untapped potential.
“We see DPU growth levers arising from further asset rejuvenation opportunities, with about 7% or 0.5 million sqft of its portfolio GFA (gross floor area) under-utilised,” says Maybank Kim Eng Research analyst Chua Su Tye in a report on Oct 26.
According to Chua, AA REIT’s fundamentals remain positive, and redevelopment growth optionality from its under-utilised GFA offers 4-5% potential DPU upside.
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