RHB sees further upside to AIMS APAC REIT, deems it a laggard play on rising logistics demand

RHB Group Research analyst Vijay Natarajan has maintained “buy” on AIMS APAC REIT (AA REIT) with a higher target price of $1.70 from $1.58.

The new target price represents an upside of 11% to the REIT’s last-closed share price on July 8, with a yield of 7% for the FY2022 ending March.

As at July 9, the REIT’s share price has outperformed the market, with a 22% increase year-to-date (y-t-d) compared to the 3% increase in the Singapore REITs (S-REITs) sector.