Quick summaries of some REIT and Business Trust results this week of 29 July to 2 August

Here are some quick notes of selected results that were announced this past week

For the calendar of REIT and Business trust results announced this quarter, refer to here

AIMS APAC REIT (AA REIT)

Financial Performance:DPU down 1.7% YoY to 2.27 cents
Gross revenue up 9.7% YoY to $47.3 million: Reflecting strong rental growth and higher occupancy.
Net Property Income (NPI) up 6.6% YoY to $34.4 million
Distributions to unitholders up 7.3% YoY to $18.4 million
Occupancy rate slightly decreased to 97.3%:
Portfolio WALE extended to 5.2 years

CapitaLand Ascendas REIT
Net Property Income (NPI) up 3.9% YoY to S$528.4 million
Gross revenue up 7.2% YoY to S$770.1 million
Distributable income up 1.0% YoY to S$330.8 million: While DPU decreased by 2.5% to 7.524 Singapore cents.
Finance costs up 16.3% YoY to S$123.3 million
Portfolio Performance:Total portfolio value S$16.9 billion
Strong occupancy rates: UK and Europe leading at 99.3%, followed by Australia, Singapore, and the US.

CapitaLand China Trust
DPU down 19.5% YoY to 3.01 cents
Gross revenue down 6.3% YoY to $173 million
High retail occupancy of 97.8%:

CapitaLand India Trust
DPU up 8% YoY to 3.64 Singapore cents:
NPI up 21% YoY to S$103.5 million
Assets under management grew to S$3.2 billion
Committed occupancy increased from 93% to 96%.

ESR-LOGOS REIT
DPU down 18.6% YoY to S$0.01122
NPI down 9.2% YoY to S$127.8 million
Revenue down 8.1% YoY to S$180.9 million
Amount available for distribution down 15% YoY to S$86.3 million

Far East Hospitality Trust
DPS up 2.1% YoY to 1.96 cents: Despite lower income available for distribution, the increase was due to additional distributions from other gains, including the divestment of Central Square.
Gross revenue up 3.4% YoY to $53.8 million
NPI up 1.0% YoY to $49.5 million
Income available for distribution down 9.3% YoY to $33.9 million: Primarily due to higher interest expenses.
Improved hotel performance: Higher occupancy (80.4%) and ADR ($176) due to increased demand.
Mixed performance in serviced residences: Higher ADR ($266) but lower occupancy (85.1%).

Keppel REIT
DPU down 3.4% YoY to 2.8 cents
NPI up 8.0% YoY to $87.2 million:
Distributable income down 1.9% YoY to $106.9 million

Mapletree Pan Asia
DPU down 4.1% YoY to S$0.0209
Revenue slightly down 0.2% YoY to S$236.7 million
NPI up 0.1% YoY to S$179.4 million
Distributable income down 3.5% YoY to S$110.8 million
Committed occupancy at 94%.
Maintained aggregate leverage ratio of 40.5%

Starhill Global Reit
DPU down 6.6% YoY to S$0.0185
Income available for distribution down 5.7% YoY to S$42.8 million
Gross revenue up 2.3% YoY to S$95.2 million
NPI up 1.3% YoY to S$74.5 million

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