DBS Group Research analysts Dale Lai and Derek Tan have maintained their “buy” recommendation with an unchanged target price of $1.40 for AIMS APAC REIT (AA REIT) despite the REIT’s 1Q21 earnings coming in slightly below their forecasts.

For 1Q21, AA REIT posted a 20% decline in distribution per unit (DPU) to 2 cents for 1Q21 ended June, and a 10.9% fall in gross revenue on Thursday (July 23) due to rental waivers, lower contributions, and the expiry of the master lease at 451 Yishun Industrial Park A.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook