SINGAPORE (Apr 25): Despite negative reversions likely to persist in the near term, analysts are positive on AIMS APAC REIT (AA REIT) on the back of expected distribution per unit (DPU) yields of 7.2% to 7.3% over FY20-21F.
Both Maybank Kim Eng Research and DBS Group Research are keeping their “buy” calls on AIMS APAC REIT (AA REIT), with a similar target price of $1.50.
“We expect negative reversions to persist in the near term from the earlier 2014-17 supply surge. Accordingly, we cut DPUs by 3-4% on slower rental growth assumptions,” says Maybank analyst Chua Su Tye in a Thursday report.
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