0338 GMT - AIMS APAC REIT's robust operational metrics are likely to persist, RHB Research analyst Vijay Natarajan says in a report. The REIT's portfolio rent increases were strong in 3Q FY 2025, driven by the logistics segment, and are expected to remain healthy in the high single digits in FY2026, the analyst says. Assuming proceeds from the divestment of its '3 Toh Tuck Link' property are used for debt repayment, this should also reduce the REIT's gearing to around 32%, the analyst says. RHB raises its FY 2026-2027 distribution-per-unit forecasts for the REIT by 1%-2% to reflect interest-cost savings from the REIT's recently issued perpetual securities. It raises the unit's target price to S$1.48 from S$1.46 with an unchanged buy rating. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 23, 2025 23:38 ET (03:38 GMT)
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