AIMS APAC REIT (O5RU) Q3 2026 earnings summary

Executive summary

• Achieved year-to-date revenue of S$141.1 million, up 1.4% year-over-year, and net property income of S$103.7 million, up 4.1% year-over-year, driven by active asset, investment, and capital management initiatives.

• Distributions to unitholders rose 3.1% year-over-year to S$59.3 million, with DPU increasing 2.5% to 7.250 Singapore cents for 9M FY2026.

• Portfolio occupancy reached 95.4% as of 31 December 2025, above the JTC national average, with a weighted average lease expiry (WALE) of 4.1 years and positive rental reversions of 8.0%.

• Completion of the Framework Building acquisition and asset enhancement initiatives contributed to portfolio resilience and growth.

Financial highlights

• Gross revenue for 9M FY2026 was S$141.1 million (+1.4% y-o-y), net property income S$103.7 million (+4.1% y-o-y), and distributions to unitholders S$59.3 million (+3.1% y-o-y).

• DPU for 9M FY2026 was 7.250 Singapore cents (+2.5% y-o-y).

• Number of units in issue increased by 0.6% year-over-year.

• Blended debt funding cost decreased to 4.1% from 4.4% year-over-year.

Outlook and guidance

• Singapore's industrial property market is supported by expansion in pharmaceutical and semiconductor sectors, with manufacturing growing 15.0% YoY in 4Q 2025.

• Australia’s industrial sector benefits from infrastructure investments and e-commerce growth, though RBA raised rates to 3.85% in Jan 2026 amid inflation concerns.

• Portfolio positioned for sustainable growth through diversification, defensive tenant base, and proactive capital management.

• The portfolio is positioned to benefit from sectoral tailwinds in advanced manufacturing, life sciences, and electronics.

• Market outlook remains mixed due to macroeconomic uncertainties, but Singapore and Australia portfolios are expected to remain resilient.