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AIMS APAC REIT's DPU Up 2.5% in Fiscal Q1

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AIMS APAC REIT's (SGX:O5RU) distribution per unit or DPU rose 2.5% during the fiscal first quarter ended June 30 to SG$0.02337 from SG$0.02280 a year earlier, according to a Thursday filing with the Singapore Exchange.

Distribution to unitholders was up 3.4% to SG$19.3 million from SG$18.6 million in the prior period.

Net property income jumped 12.5% to SG$38.4 million from SG$34.1 million in the year-ago period.

Gross revenue was up 6.6% year over year to SG$50.6 million from SG$47.4 million.

Portfolio occupancy increased to 96.1%, backed by positive rental reversions of 6.5%.

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