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AIMS APAC REIT
(SGX:O5RU)
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Rating:64Neutral
Price Target:
S$1.50
â–²(2.74% Upside)
Action:Downgraded
Date:08/10/26
The score is driven primarily by decent but uneven financial performance: solid revenue/profitability is tempered by higher leverage and weaker, less consistent cash flow. Technicals are the main drag with bearish short-term trends and negative momentum signals. Valuation helps, supported by a mid P/E and a high dividend yield.
Positive Factors
Multi-year revenue growth
A multi-year revenue uptrend indicates the portfolio has generally expanded or maintained rental income over time. For a REIT, sustained top-line growth supports recurring distributable income, although future performance still depends on occupancy and lease renewals.
Negative Factors
Higher financial leverage
The sharp increase in leverage reduces financial flexibility and makes refinancing or future acquisitions more sensitive to funding conditions. Higher debt also raises exposure to interest costs, potentially constraining distributions and investment in the portfolio.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
A multi-year revenue uptrend indicates the portfolio has generally expanded or maintained rental income over time. For a REIT, sustained top-line growth supports recurring distributable income, although future performance still depends on occupancy and lease renewals.
Read all positive factors
AIMS APAC REIT (O5RU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.19B
Dividend Yield6.98%
Average Volume (3M)2.03M
Price to Earnings (P/E)12.8
Beta (1Y)0.37
Revenue Growth1.75%
EPS Growth226.73%
CountrySG
Employees40
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)0.11
Shares Outstanding823,970,150
10 Day Avg. Volume1,977,530
30 Day Avg. Volume2,025,513
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.70
Price to Sales (P/S)6.12
P/FCF Ratio13.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.68Price Target Upside15.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.12
Revenue Forecast (FY)S$193.72M
AIMS APAC REIT Business Overview & Revenue Model
Company Description
AIMS APAC REIT is a real estate investment trust listed on the Mainboard of the SGX-ST since 2007. AA REIT was established with the principal investment objective of owning and investing in a diversified portfolio of high-quality income-producing ...
How the Company Makes Money
AIMS APAC REIT makes money primarily by owning real estate and earning recurring rental income from tenants leasing space in its properties. Its core revenue stream is contracted base rent under lease agreements, and its cash flow is influenced by...
AIMS APAC REIT Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
60
Neutral
Cash Flow
64
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 190.86M | 186.63M | 177.28M | 167.01M | 143.02M |
| Gross Profit | 125.00M | 120.54M | 119.72M | 106.70M | 85.39M |
| EBITDA | 165.84M | 83.79M | 89.45M | 104.76M | 88.58M |
| Net Income | 131.20M | 53.45M | 62.91M | 113.86M | 104.11M |
Balance Sheet | |||||
| Total Assets | 2.46B | 2.29B | 2.32B | 2.34B | 2.40B |
| Cash, Cash Equivalents and Short-Term Investments | 53.22M | 14.46M | 17.82M | 13.22M | 21.39M |
| Total Debt | 691.81M | 696.82M | 789.25M | 889.09M | 1.32B |
| Total Liabilities | 796.56M | 787.32M | 882.35M | 969.03M | 1.03B |
| Stockholders Equity | 1.67B | 1.50B | 1.43B | 993.85M | 1.00B |
Cash Flow | |||||
| Free Cash Flow | 88.80M | 101.10M | 87.81M | 76.13M | 72.19M |
| Operating Cash Flow | 88.83M | 126.52M | 117.28M | 79.18M | 79.61M |
| Investing Cash Flow | -51.37M | -18.15M | 19.92M | -10.95M | -498.03M |
| Financing Cash Flow | 904.00K | -111.51M | -132.52M | -75.11M | 428.55M |
AIMS APAC REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | S$11.09B | 14.75 | 7.00% | 6.41% | 6.53% | 0.82% | |
68 Neutral | S$3.45B | 15.90 | 5.05% | 6.59% | 0.44% | 57.42% | |
65 Neutral | S$1.81B | 108.33 | 1.71% | 10.04% | 4.85% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | S$1.19B | 12.85 | 7.27% | 6.98% | 1.75% | 226.73% | |
64 Neutral | S$5.81B | 22.27 | 3.97% | 6.49% | -1.83% | 40.50% | |
59 Neutral | S$5.48B | 27.29 | 4.42% | 6.57% | -6.27% | -41.14% |
* Real Estate Sector Average
SG:O5RU
AIMS APAC REIT
1.42
0.12
9.15%
SG:A17U
CapitaLand Ascendas REIT
2.34
-0.34
-12.59%
SG:9A4U
ESR-REIT
2.21
-0.46
-17.26%
SG:M44U
Mapletree Logistics
1.12
-0.07
-5.88%
SG:ME8U
Mapletree Industrial
1.91
-0.10
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Frasers Logistics & Commercial Trust
0.90
<0.01
0.22%
AIMS APAC REIT Corporate Events
AIMS APAC REIT Unitholders Clear Key Mandates at 17th AGM
Aug 19, 2026
AIMS APAC REIT held its 17th annual general meeting in Singapore on 28 July 2026, where unitholders reviewed the trust’s performance for the year ended 31 March 2026 and engaged management on key agenda items. The meeting underscored the REI...
AIMS APAC REIT Opens DRP for 1Q FY2027 Distribution
Aug 18, 2026
AIMS APAC REIT Management Limited has activated its distribution reinvestment plan for the 1Q FY2027 cash distribution of 2.337 Singapore cents per unit, sending election notices and related tax forms to eligible unitholders as of the 11 August re...
AIMS APAC REIT Details Use of S$100 Million Equity Fund Raising
Aug 5, 2026
AIMS APAC REIT has detailed the deployment of the approximately S$100 million raised in its earlier equity fund raising, confirming that an additional S$10.7 million has recently been disbursed for asset enhancement initiatives. The manager report...
AIMS APAC REIT boosts payouts and balance sheet with Perth acquisition and sustainability-linked funding
Jul 30, 2026
AIMS APAC REIT reported a solid first quarter for FY2027, with gross revenue rising 6.6% year-on-year to S$50.6 million and net property income up 12.5% to S$38.4 million. Distributions to unitholders grew 3.4% to S$19.3 million and distribution p...
AIMS APAC REIT Lifts FY2026 Earnings and Tightens Capital Framework
Jul 3, 2026
AIMS APAC REIT reported FY2026 revenue of S$190.7 million and net property income of S$141.3 million, rising 2.2% and 5.7% year on year respectively, while maintaining portfolio occupancy at 93.6% and improving rental reversions by 7.7%. Distribut...
AIMS APAC REIT Wins Debt Tax Treatment for S$100 Million Perpetuals
Jun 26, 2026
AIMS APAC REIT has secured an advance tax ruling from the Inland Revenue Authority of Singapore classifying its S$100 million 4.25 per cent subordinated perpetual securities as debt securities for Singapore income tax purposes. Distributions on th...
AIMS APAC REIT Opens Election Window for 4Q FY2026 Distribution Reinvestment
May 25, 2026
AIMS APAC REIT has dispatched Notices of Election and, where applicable, tax declaration forms to eligible unitholders for its distribution reinvestment plan tied to the 2.60 Singapore cents per unit distribution for the quarter ended 31 March 202...
AIMS APAC REIT Secures A$115m Facility with Tight Change-of-Control Covenants
May 21, 2026
AIMS APAC REIT has secured a new A$115 million unsecured syndicated loan facility from two institutional banks to refinance existing borrowings, fund capital expenditure and support general working capital needs for its wholly owned Australian pro...
AIMS APAC REIT secures new sustainability-linked and green loan facilities
May 21, 2026
AIMS APAC REIT has secured its second unsecured sustainability-linked loan, comprising S$450 million and A$160 million of revolving credit facilities, arranged by UOB as sole coordinator and sustainability coordinator. In a separate deal, it also ...
AIMS APAC REIT Delivers FY2026 Growth as Portfolio, Capital and ESG Strategy Advance
May 21, 2026
AIMS APAC REIT reported steady growth for FY2026, with gross revenue rising 2.2% year-on-year to S$190.7 million and net property income up 5.7% to S$141.3 million, supported by active leasing that kept portfolio occupancy at 93.6% and lifted rent...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.