AIMSAMP Cap Reit

NAV of $1.3725

DPU for FY 2018 is about 10.3 cents , down 6.8% as compared to last year 11.05 cents.

Gearing is about 38% which is staying within the acceptable level of below 45%.

The DPU for FY2018 was lower compared to FY2017 partly due to the increase in Units arising from the private placement of 42,145,000 Units in December 2017. Excluding the effects from the private placement, DPU for 4Q FY2018 and FY2018 would be approximately 2.75 cents and 10.46 cents respectively. 

The placement share was being offered at $1.305 per share. Representing a 6.9% discount for the market traded share price of $1.405 as in Nov 2017. 

Yield is pretty good at the current price of $1.38 which is 7.46% based on DPU of 10.3 cents.

Gross revenue is slightly lowered in FY 2018 of 116.9m versus 120m in FY2017. A decreased of 2.7%. 

Net Property Income came in slightly lowered in FY2018 of 76.4m versus 79.4m in FY2017. A decreased on 3.8%.

Looking through their past DPU for the past five years, we can notice that the DPU had been fluctuating from 10.3 to 11.4 cents. Giving a average yield of 10.8 cents.

Comparing to previous year, DPU seems to be declining slightly . Hopefully, it will stay within the current range . 

I think investor may want to monitor to see what would be the coming quarter result to determine the DPU to be declared for April - June period to see if DPU can staying withing the range of 10.3 to 11 cents.

TA wise, seems like it is being traded in a consolidated mode. Nothing to shout about!

The support level is at 1.35.

It would be good if it can re-conquer 1.42 price level with ease and rises towards $1.45 level.

Not a call to buy or sell.

Please do your own due diligence.

AIMS AMP Capital Industrial REIT (“AA REIT” or the “Trust”) is a real estate investment trust which was listed on the Main Board of the SGX-ST on 19 April 2007. The principal investment objective of the Manager is to invest in a diversified portfolio of income-producing real estate assets located in Singapore and throughout the Asia-Pacific region that is used for industrial purposes, including, but not limited to warehousing and distribution activities, business park activities and manufacturing activities. The Manager’s key objectives are to deliver stable distributions to Unitholders and to provide long-term capital growth. The Group1 has a portfolio of 26 industrial properties, 25 of which are located throughout Singapore and one business park property in Macquarie Park, New South Wales (“NSW”), Australia2 .