Aims Amp Reit 3rd Quarter Results

Highlights for the Quarter

• Stable DPU performance: 0.51 cents, translating to annualised DPU yield of 9.5%
  

• Strong increase in gross revenue of 56.0% y-o-y, 16.6% q-o-q

• Net property income increased by 47.1% y-o-y, 20.7% q-o-q

• Well supported rights issue was 1.3 times subscribed, raising gross proceeds of S$79.6 million
  

• Portfolio grew from S$640.1 million to S$803.9 million with the acquisition of 27 Penjuru Lane
  

• Refinanced the S$175.0 million facility at an improved interest margin of 2.16% compared to 3.5% previously. Average debt maturity increased to 3.7 years.
  

• Sale of 23 Changi South Avenue 2 for S$16.7 million, 3.1% above book value

Distribution Timetable
DPU: 0.51 cents
Ex-date: 31 January 2011, 9.00am
Books closure date: 2 February 2011, 5.00pm
Distribution payment date: 15 March 2011

Key Financial Metrics
Appraised Value of Property Portfolio: S$803.9 million (2nd Q S$640.1 million)
Market Capitalisation: S$427.2 million (2nd Q S$447.1 million)
NAV per Unit: S$0.27 (2nd Q S$0.31)
Discount to NAV: 19.5% (2nd Q 27.4%)
Aggregate Leverage: 34.0% (2nd Q 28.9%)
Interest Cover Ratio: 5.0 times (2nd Q 4.4 times)
Weighted Average Debt Maturity: 3.7 years (2nd Q 2.2 years)