Listed on the Singapore Exchange Securities Trading Limited ("SGX-ST") since 2007, AIMS APAC REIT’s ("AA REIT") objective is to invest in a diversified portfolio of high quality income-producing logistics, business parks and industrial real estate throughout Asia Pacific.
AA Reit's current market capitalization is around $1B, and boasts of 29 properties in Singapore/Australia with $2.4B of total assets. Most notably is the large purchase of Woolworths HQ in Australia, which is starting to contribute to the Reit's revenue.
The long term stock price has been hovering around $1.3 since 2013, with the exception of price weakness down to $1 in 2020 due to Covid outbreak.
With the latest quarterly dividend of 2.59c, we are looking at a forward yield of almost 8% at $1.3
For the past 12 months, AA reit stock price has been fairly resilient between the range of $1.11-1.44, despite pressures on rising interest rates and USA/Swiss bank failures. It is now 8% away from its 52 weeks high and 19% from its 52 weeks low.
With the fast rise of interest rates behind us, and looking to a more flat or even decreasing interest rates in 2023, would the 8% yield entice investors to buy this Reit?
Pls let me know in your comments below.
*Disclosure: I am currently vested in AA Reit
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