AIMIRT Trust has announced a dividend payment for the second quarter of 2022 at a rate of 0.2225 baht per unit, achieving the highest record for 9 consecutive quarters. It ranks among the Top 3 in the industrial REIT category for the highest annual dividend payments, with an average yield of 6 - 7% per year. The trust showcases an impressive average occupancy rate of 99% and is moving forward to study the feasibility of investing in an additional property project this year, aiming to double its asset portfolio to reach 20 billion baht within the next 5 years. The trust is not concerned about rising interest rates, as most of its loans are at fixed interest rates.

Ms. Yanichasa Chatwuthikobkul, Chief Financial Officer of AIM REIT Management Co., Ltd., the manager of AIMIRT Trust, revealed that the performance for the second quarter of 2022 recorded total revenue of 217 million baht, a 37% growth compared to last year, while net profit reached 144 million baht, growing 43% year-on-year. This strong and stable continuous growth is reflected in the consistent dividend payments every quarter.

Since the establishment of AIMIRT Trust in 2018, it has continuously increased its dividend payments every quarter, yielding an average of 6 – 7% per year (calculated from the closing trading price at the end of each year). For 2022, the first quarter paid a dividend of 0.2215 baht per unit, and the second quarter announced a further dividend of 0.2225 baht per unit, marking the highest record for 9 consecutive quarters, with payments scheduled for September 7, 2022. AIMIRT Trust has consistently ranked in the Top 3 for the highest annual dividend payments in the Industrial REIT sector.

Although the COVID-19 situation over the past two years has impacted the overall economy and various business sectors, AIMIRT Trust has been minimally affected due to its diversified investments in high-quality industrial properties, including warehouses, factories, cold storage, and chemical storage tanks, located in strategic areas with strong tenants. Additionally, there is a positive outlook for improvement driven by the recovery in manufacturing and export sectors, as well as the rapid growth of the e-commerce business.

With strong fundamentals, the average occupancy rate of AIMIRT Trust has consistently remained at the highest level compared to the average of Top Tier Industrial REITs, which is around 89%. Since its establishment, AIMIRT Trust has maintained an occupancy rate above 95%, and in the latest quarter, it reached 99%, reinforcing the trust's potential. Furthermore, AIMIRT Trust has prepared to address the trend of rising interest rates in the market by planning its financial structure to predominantly include fixed-rate loans, which will help mitigate risks and fluctuations in financial costs.

Mr. Thanadech Opasayanont, Co-Managing Director of AIM REIT Management Co., Ltd. added that AIMIRT Trust has ongoing plans for additional investments, with clear and careful criteria for selecting properties, such as good locations, standard construction and infrastructure systems, and quality tenants in industries that will benefit from economic expansion. Additionally, being an independent REIT allows AIMIRT Trust to expand investment opportunities in potential properties from various developers, ensuring transparency in management and prioritizing the interests of unitholders.

AIMIRT Trust aims to increase its total asset value to 20 billion baht within the next 5 years, doubling from its current asset value of over 10 billion baht, achieved in just 4 years since its establishment.

Recently, AIMIRT Trust is studying the feasibility of investing in one additional property project, expected to be able to invest within this year, following its successful investment in the Living & Facilities (LF) project in the Pinthong Industrial Estate, Chonburi, on May 5, 2022. The trust is confident that its revenue outlook for next year will grow significantly from recognizing income from the newly invested property for a full year and from the upcoming additional investment.