In today’s briefing:
- (Mostly) Asia M&A: January 2022 Roundup
- AIMS APAC REIT (AAREIT SP) – On a Solid Organic Growth Path
(Mostly) Asia M&A: January 2022 Roundup
- For the month of January, 6 new deals (firm and non-binding) were discussed on Smartkarma with an overall announced deal size of ~US$9bn.
- The average premium for the new deals announced (or first discussed) in January was ~18%.
- This compares to the average premium for all deals in 2021 (165 deals), 2020 (158 deals), and 2019 (145 deals) of 33%, 31%, and 31.5% respectively.
AIMS APAC REIT (AAREIT SP) – On a Solid Organic Growth Path
- Solid set of results- 3Q22 revenue grew by 14.5% YoY to S$36.8m and 3Q22 NPI jumped 14.8% YoY to S$27.1m.
- Rising occupancy rate and +ve rent reversions- 6.1% of portfolio NLA had secured new leases and renewal leases with overall rent reversion at +0.2% in 3Q22 (+2.1% in 2Q22) and higher occupancy rate at 97.6% in 3Q22 (2Q22: 97.3%).
- Lower share of fixed-rate debts- The share of fixed-rate debts has declined to 57% and ~90% of total debts will mature during FY24-27E.
Before it’s here, it’s on Smartkarma
