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AIMS AMP Capital Industrial REIT

SGX:O5RU
Snowflake Description

Acceptable track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
O5RU
SGX
SGD950M
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

Managed by the Manager, AA REIT was established with the principal investment objective of owning and investing in a diversified portfolio of income-producing industrial real estate located throughout the Asia Pacific that is used for industrial purposes, including, but not limited to warehousing and distribution activities, business park activities and manufacturing activities. The last earnings update was 17 days ago. More info.


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O5RU Share Price and Events
7 Day Returns
-0.7%
SGX:O5RU
-0.5%
SG REITs
0.8%
SG Market
1 Year Returns
1.5%
SGX:O5RU
1.9%
SG REITs
-6.8%
SG Market
O5RU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AIMS AMP Capital Industrial REIT (O5RU) -0.7% 0.7% 5.3% 1.5% 4.9% -0.4%
SG REITs -0.5% 2.3% 8% 1.9% 16.2% 14.9%
SG Market 0.8% 1% 5.4% -6.8% 15% -1.5%
1 Year Return vs Industry and Market
  • O5RU outperformed the Market in Singapore which returned -6.8% over the past year.
Price Volatility
O5RU
Industry
5yr Volatility vs Market

O5RU Value

 Is AIMS AMP Capital Industrial REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AIMS AMP Capital Industrial REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AIMS AMP Capital Industrial REIT.

SGX:O5RU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:O5RU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 7.7%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.366 (1 + (1- 17%) (51.81%))
0.523
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (0.8 * 7.7%)
8.46%

Discounted Cash Flow Calculation for SGX:O5RU using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AIMS AMP Capital Industrial REIT is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:O5RU DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (SGD, Millions) 24.41 24.75 25.10 25.45 25.81
Source Est @ 1.41% Est @ 1.41% Est @ 1.41% Est @ 1.41% Est @ 1.41%
Present Value
Discounted (@ 8.46%)
22.50 21.04 19.67 18.39 17.20
Present value of next 5 years cash flows SGD98.81
SGX:O5RU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= SGD25.81 × (1 + 2.3%) ÷ (8.46% – 2.3%)
SGD428.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= SGD428.82 ÷ (1 + 8.46%)5
SGD285.71
SGX:O5RU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= SGD98.81 + SGD285.71
SGD384.51
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD384.51 / 688.72
SGD0.56
SGX:O5RU Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.56
Current discount Discount to share price of SGD1.38
= -1 x (SGD1.38 - SGD0.56) / SGD0.56
-147.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of AIMS AMP Capital Industrial REIT is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AIMS AMP Capital Industrial REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AIMS AMP Capital Industrial REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:O5RU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.10
SGX:O5RU Share Price ** SGX (2019-02-18) in SGD SGD1.38
Singapore REITs Industry PE Ratio Median Figure of 39 Publicly-Listed REITs Companies 13.22x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 11.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AIMS AMP Capital Industrial REIT.

SGX:O5RU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:O5RU Share Price ÷ EPS (both in SGD)

= 1.38 ÷ 0.10

14.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AIMS AMP Capital Industrial REIT is overvalued based on earnings compared to the SG REITs industry average.
  • AIMS AMP Capital Industrial REIT is overvalued based on earnings compared to the Singapore market.
Price based on expected Growth
Does AIMS AMP Capital Industrial REIT's expected growth come at a high price?
Raw Data
SGX:O5RU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
1.8%per year
Singapore REITs Industry PEG Ratio Median Figure of 36 Publicly-Listed REITs Companies 1.16x
Singapore Market PEG Ratio Median Figure of 128 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

SGX:O5RU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.27x ÷ 1.8%

8.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AIMS AMP Capital Industrial REIT is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on AIMS AMP Capital Industrial REIT's assets?
Raw Data
SGX:O5RU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD1.36
SGX:O5RU Share Price * SGX (2019-02-18) in SGD SGD1.38
Singapore REITs Industry PB Ratio Median Figure of 40 Publicly-Listed REITs Companies 0.95x
Singapore Market PB Ratio Median Figure of 434 Publicly-Listed Companies 0.73x
SGX:O5RU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:O5RU Share Price ÷ Book Value per Share (both in SGD)

= 1.38 ÷ 1.36

1.01x

* Primary Listing of AIMS AMP Capital Industrial REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AIMS AMP Capital Industrial REIT is overvalued based on assets compared to the SG REITs industry average.
X
Value checks
We assess AIMS AMP Capital Industrial REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. AIMS AMP Capital Industrial REIT has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

O5RU Future Performance

 How is AIMS AMP Capital Industrial REIT expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AIMS AMP Capital Industrial REIT expected to grow at an attractive rate?
  • AIMS AMP Capital Industrial REIT's earnings growth is positive but not above the low risk savings rate of 2.3%.
Growth vs Market Checks
  • AIMS AMP Capital Industrial REIT's earnings growth is positive but not above the Singapore market average.
  • AIMS AMP Capital Industrial REIT's revenue growth is positive but not above the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:O5RU Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:O5RU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 1.8%
SGX:O5RU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.8%
Singapore REITs Industry Earnings Growth Rate Market Cap Weighted Average -3.9%
Singapore REITs Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 4.6%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:O5RU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:O5RU Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 126 68 68 2
2020-03-31 124 67 67 2
2019-03-31 120 66 66 2
SGX:O5RU Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 116 71 66
2018-09-30 115 71 76
2018-06-30 115 71 61
2018-03-31 117 73 61
2017-12-31 119 77 1
2017-09-30 121 78 1
2017-06-30 121 78 10
2017-03-31 120 78 13
2016-12-31 120 76 44
2016-09-30 122 75 35
2016-06-30 123 77 44
2016-03-31 124 75 41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AIMS AMP Capital Industrial REIT's earnings are expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
  • AIMS AMP Capital Industrial REIT's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:O5RU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from AIMS AMP Capital Industrial REIT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:O5RU Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.10 0.10 0.10 2.00
2020-03-31 0.10 0.10 0.10 2.00
2019-03-31 0.10 0.10 0.09 2.00
SGX:O5RU Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.10
2018-09-30 0.11
2018-06-30 0.09
2018-03-31 0.09
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.02
2017-03-31 0.02
2016-12-31 0.07
2016-09-30 0.06
2016-06-30 0.07
2016-03-31 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • AIMS AMP Capital Industrial REIT is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AIMS AMP Capital Industrial REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AIMS AMP Capital Industrial REIT has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

O5RU Past Performance

  How has AIMS AMP Capital Industrial REIT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AIMS AMP Capital Industrial REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AIMS AMP Capital Industrial REIT's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • AIMS AMP Capital Industrial REIT's 1-year earnings growth exceeds its 5-year average (4886.8% vs -21.3%)
  • AIMS AMP Capital Industrial REIT's earnings growth has exceeded the SG REITs industry average in the past year (4886.8% vs 6.1%).
Earnings and Revenue History
AIMS AMP Capital Industrial REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AIMS AMP Capital Industrial REIT Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:O5RU Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 116.19 66.18 2.05
2018-09-30 115.24 75.92 2.04
2018-06-30 115.34 61.42 1.99
2018-03-31 116.92 61.19 1.88
2017-12-31 119.49 1.33 1.86
2017-09-30 120.99 1.16 1.82
2017-06-30 121.39 10.26 1.73
2017-03-31 120.12 13.48 1.76
2016-12-31 119.80 43.93 1.78
2016-09-30 121.98 35.27 1.71
2016-06-30 123.33 43.96 1.73
2016-03-31 124.39 40.81 1.94
2015-12-31 124.19 63.24 2.01
2015-09-30 121.37 75.10 2.13
2015-06-30 118.37 99.10 2.22
2015-03-31 115.43 108.06 2.07
2014-12-31 114.81 121.40 2.20
2014-09-30 112.41 108.44 2.08
2014-06-30 111.08 84.28 1.92
2014-03-31 108.24 83.95 1.94
2013-12-31 102.58 71.10 1.62
2013-09-30 101.00 80.50 1.60
2013-06-30 95.66 93.65 1.61
2013-03-31 92.08 79.15 1.24
2012-12-31 88.57 93.91 1.53
2012-09-30 84.04 82.82 1.40
2012-06-30 83.94 74.91 1.23
2012-03-31 83.98 75.48 1.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AIMS AMP Capital Industrial REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AIMS AMP Capital Industrial REIT used its assets more efficiently than the SG REITs industry average last year based on Return on Assets.
  • AIMS AMP Capital Industrial REIT's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AIMS AMP Capital Industrial REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AIMS AMP Capital Industrial REIT has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

O5RU Health

 How is AIMS AMP Capital Industrial REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AIMS AMP Capital Industrial REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AIMS AMP Capital Industrial REIT's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • AIMS AMP Capital Industrial REIT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AIMS AMP Capital Industrial REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AIMS AMP Capital Industrial REIT Company Filings, last reported 1 month ago.

SGX:O5RU Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 937.16 492.41 13.45
2018-09-30 938.65 493.65 14.01
2018-06-30 939.24 494.56 12.41
2018-03-31 938.96 494.42 17.55
2017-12-31 923.49 499.10 9.70
2017-09-30 873.93 549.29 10.28
2017-06-30 886.98 536.04 7.44
2017-03-31 888.45 530.48 11.73
2016-12-31 943.51 519.65 8.94
2016-09-30 935.22 504.87 6.57
2016-06-30 939.80 486.18 10.21
2016-03-31 940.72 475.14 7.49
2015-12-31 965.91 463.15 7.44
2015-09-30 966.46 450.08 7.81
2015-06-30 965.51 454.82 6.83
2015-03-31 962.10 458.55 10.11
2014-12-31 961.38 463.31 9.06
2014-09-30 950.33 466.83 9.30
2014-06-30 920.28 457.86 9.00
2014-03-31 911.89 443.45 21.81
2013-12-31 802.66 305.67 9.01
2013-09-30 801.01 278.17 8.63
2013-06-30 788.29 277.57 8.83
2013-03-31 665.34 360.50 2.98
2012-12-31 660.36 353.11 10.86
2012-09-30 647.28 307.44 4.84
2012-06-30 624.48 278.99 3.31
2012-03-31 626.24 279.55 3.58
  • AIMS AMP Capital Industrial REIT's level of debt (52.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (38.2% vs 52.5% today).
  • Debt is not well covered by operating cash flow (14.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess AIMS AMP Capital Industrial REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AIMS AMP Capital Industrial REIT has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

O5RU Dividends

 What is AIMS AMP Capital Industrial REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.46%
Current annual income from AIMS AMP Capital Industrial REIT dividends. Estimated to be 7.62% next year.
If you bought SGD2,000 of AIMS AMP Capital Industrial REIT shares you are expected to receive SGD149 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AIMS AMP Capital Industrial REIT's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.5%).
  • AIMS AMP Capital Industrial REIT's dividend is above the markets top 25% of dividend payers in Singapore (6.05%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:O5RU Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Singapore REITs Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 5.8%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 289 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.5%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:O5RU Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.11 2.00
2020-03-31 0.11 2.00
2019-03-31 0.10 2.00
SGX:O5RU Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2018-04-25 0.103 7.490
2017-06-21 0.111 7.905
2017-04-27 0.111 7.824
2016-06-21 0.114 8.280
2016-04-27 0.114 8.243
2015-06-24 0.111 8.063
2015-04-29 0.111 7.399
2014-07-10 0.105 7.227
2014-05-07 0.105 7.337
2013-06-24 0.107 7.366
2013-04-16 0.107 6.232
2012-10-29 0.100 6.546
2012-07-19 0.100 7.387
2012-04-20 0.108 9.144
2012-01-20 0.104 9.626
2011-10-07 0.100 10.364
2011-06-08 0.099 9.487
2011-04-19 0.099 9.366
2010-06-15 0.209 19.167
2009-08-07 0.302 23.772
2009-06-29 0.446 25.318
2009-05-22 0.375 21.647
2009-02-19 0.470 37.080

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of AIMS AMP Capital Industrial REIT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Income/ dividend checks
We assess AIMS AMP Capital Industrial REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AIMS AMP Capital Industrial REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AIMS AMP Capital Industrial REIT has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

O5RU Management

 What is the CEO of AIMS AMP Capital Industrial REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wee Koh
COMPENSATION SGD0
AGE 44
TENURE AS CEO 5.1 years
CEO Bio

Mr. Wee Lih Koh, MBA, MSc, BSc, has been the Chief Executive Officer and Executive Director of AIMS AMP Capital Industrial REIT Management Limited, manager of AIMS AMP Capital Industrial REIT since January 1, 2014 and January 29, 2014 respectively. Mr. Koh is responsible for the overall planning, management and operation of the Trust. He served as the Head of Real Estate at AIMS AMP Capital Industrial Reit Management Limited. Mr. Koh is responsible for formulating investment strategies in acquisitions and divestments of the REIT portfolio. He served as Senior Investment Manager of AIMS AMP Capital Industrial REIT Management Limited from December 2008 to October 2011. Prior to joining the REIT, Mr. Koh managed real estate investments for an international real estate private equity fund as well as for one of Asia's largest real estate developers. He has 20 years of experience in investment and corporate finance, of which more than 6 years were in real estate investment, asset management and structuring of private real estate funds. He serves as Director at AACI REIT MTN Pte. Ltd. He has been a Director of AIMS Financial Group Pty Limited since September 6, 2016. Mr. Koh holds a Master of Business Administration (Distinction), a Master of Science in Industrial and Operations Engineering and a Bachelor of Science (Summa Cum Laude) in Aerospace Engineering from the University of Michigan.

CEO Compensation
  • Insufficient data for Wee to compare compensation growth.
  • Wee's remuneration is lower than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure of the AIMS AMP Capital Industrial REIT management team in years:

3.4
Average Tenure
  • The tenure for the AIMS AMP Capital Industrial REIT management team is about average.
Management Team

Wee Koh

TITLE
CEO & Executive Director of AIMS AMP Capital Industrial REIT Management Limited
AGE
44
TENURE
5.1 yrs

Stella Yeak

TITLE
VP of Finance & Joint Company Secretary of AIMS AMP Capital Industrial REIT Management Limited
AGE
43
TENURE
1.8 yrs

Terence Lim

TITLE
Vice President of Investment & Investor Relations

Tanya Teow

TITLE
Legal & Compliance Manager and Joint Company Secretary of AIMS AMP Capital Industrial REIT Mgmt. Ltd
TENURE
1.8 yrs

Lay Toh

TITLE
Vice President of Asset Management - AIMS AMP Capital Industrial REIT Management Limited

Joanne Loh

TITLE
Assistant Fund Manager
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the AIMS AMP Capital Industrial REIT board of directors in years:

5.1
Average Tenure
55.5
Average Age
  • The tenure for the AIMS AMP Capital Industrial REIT board of directors is about average.
Board of Directors

George Wang

TITLE
Non-Executive Chairman of the Board of AIMS AMP Capital Industrial REIT Management Limited
AGE
56
TENURE
5.1 yrs

Wee Koh

TITLE
CEO & Executive Director of AIMS AMP Capital Industrial REIT Management Limited
AGE
44
TENURE
5.1 yrs

Eugene Paul Look

TITLE
Non-Executive Independent Director of AIMS AMP Capital Industrial REIT Management Limited
COMPENSATION
SGD70K
AGE
55
TENURE
9 yrs

Norman Ip

TITLE
Non-Executive Lead Independent Director of AIMS AMP Capital Industrial REIT Management Limited
COMPENSATION
SGD78K
AGE
66
TENURE
1.9 yrs

Nick McGrath

TITLE
Non-Executive Non-Independent Director of AIMS AMP Capital Industrial REIT Management Limited
AGE
45
TENURE
9 yrs

Peter Heng

TITLE
Non-Executive Independent Director of AIMS AMP Capital Industrial REIT Management Limited
COMPENSATION
SGD65K
TENURE
1.9 yrs

Steven Chong

TITLE
Non Executive Independent Director of AIMS AMP Capital Industrial REIT Management Ltd
AGE
63
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
28. Nov 18 Buy ESR Cayman Limited Company 23. Nov 18 23. Nov 18 695,700 SGD2.39 SGD1,664,796
27. Sep 18 Sell AIMS AMP Capital Industrial REIT Management Limited Company 27. Sep 18 27. Sep 18 -2,655,664 SGD1.41 SGD-3,736,518
04. May 18 Buy AMP Capital Investors Limited Company 03. May 18 03. May 18 2,500,000 SGD1.44 SGD3,596,001
X
Management checks
We assess AIMS AMP Capital Industrial REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AIMS AMP Capital Industrial REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

O5RU News

Simply Wall St News

A Note On AIMS AMP Capital Industrial REIT's (SGX:O5RU) ROE and Debt To Equity

We'll use ROE to examine AIMS AMP Capital Industrial REIT (SGX:O5RU), by way of a worked example. … AIMS AMP Capital Industrial REIT has a ROE of 7.1%, based on the last twelve months. … Check out our latest analysis for AIMS AMP Capital Industrial REIT?

Simply Wall St -

A Closer Look At AIMS AMP Capital Industrial REIT's (SGX:O5RU) Impressive ROE

By way of learning-by-doing, we'll look at ROE to gain a better understanding AIMS AMP Capital Industrial REIT (SGX:O5RU). … AIMS AMP Capital Industrial REIT has a ROE of 8.1%, based on the last twelve months. … See our latest analysis for AIMS AMP Capital Industrial REIT?

Simply Wall St -

One Metric To Rule Them All: AIMS AMP Capital Industrial REIT (SGX:O5RU)

AIMS AMP Capital Industrial REIT is a S$980.4m. … See our latest analysis for AIMS AMP Capital Industrial REIT … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent

Simply Wall St -

Should You Follow This Trend For AIMS AMP Capital Industrial REIT (SGX:O5RU)?

Managed by the Manager, AA REIT was established with the principal investment objective of owning and investing in a diversified portfolio of income-producing industrial real estate located throughout the Asia Pacific that is used for industrial purposes, including, but not limited to warehousing and distribution activities, business park activities and manufacturing activities. … AIMS AMP Capital Industrial REIT's insiders have invested. … A well-known argument is that insiders investing more in their own companies’ shares sends an optimistic signal

Simply Wall St -

Why Did AIMS AMP Capital Industrial REIT's' (SGX:O5RU) Insiders Buy Up More Shares?

AIMS AMP Capital Industrial REIT's insiders have invested more than 3 million shares in the small-cap stocks within the past three months. … Within the past three months, AIMS AMP Capital Industrial REIT’s share price traded at a high of SGD1.43 and a low of SGD1.35. … Next Steps: AIMS AMP Capital Industrial REIT’s net buying tells us the stock is in favour with some insiders, which is coherent with the positive growth in expected earnings, even if the low share price volatility did not warrant exploiting any mispricing.

Simply Wall St -

What Should We Expect From AIMS AMP Capital Industrial REIT's (SGX:O5RU) Earnings In The Year Ahead?

Looking at AIMS AMP Capital Industrial REIT's (SGX:O5RU) earnings update in March 2018, it seems that analyst forecasts are fairly optimistic, with earnings expected to grow by 10.80% in the upcoming year compared with the past 5-year average growth rate of -13.91%. … I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of O5RU's earnings growth over these next few years. … SGX:O5RU Future Profit May 23rd 18 By 2021, O5RU's earnings should reach S$68.80M, from current levels of S$61.19M, resulting in an annual growth rate of 3.53%.

Simply Wall St -

AIMS AMP Capital Industrial REIT (SGX:O5RU): Ex-Dividend Is In 2 Days, Should You Buy?

Important news for shareholders and potential investors in AIMS AMP Capital Industrial REIT (SGX:O5RU): The dividend payment of SGD0.03 per share will be distributed into shareholder on 21 June 2018, and the stock will begin trading ex-dividend at an earlier date, 04 May 2018. … See our latest analysis for AIMS AMP Capital Industrial REIT 5 questions I ask before picking a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it paying an annual yield above 75% of dividend payers? … SGX:O5RU Historical Dividend Yield May 1st 18 How well does AIMS AMP Capital Industrial REIT fit our criteria?

Simply Wall St -

Is AIMS AMP Capital Industrial REIT (SGX:O5RU) A Smart Pick For Income Investors?

Over the past 10 years, AIMS AMP Capital Industrial REIT (SGX:O5RU) has returned an average of 13.00% per year to shareholders in terms of dividend yield. … See our latest analysis for AIMS AMP Capital Industrial REIT 5 questions I ask before picking a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it paying an annual yield above 75% of dividend payers? … In terms of its peers, AIMS AMP Capital Industrial REIT generates a yield of 7.36%, which is high for REITs stocks.Next Steps: After digging a little deeper into AIMS AMP Capital Industrial REIT's yield, it's easy to see why you should be cautious investing in the company just for the dividend.

Simply Wall St -

With An ROE Of 0.14%, Has AIMS AMP Capital Industrial REIT's (SGX:O5RU) Management Done Well?

See our latest analysis for AIMS AMP Capital Industrial REIT What you must know about ROE Return on Equity (ROE) weighs AIMS AMP Capital Industrial REIT’s profit against the level of its shareholders’ equity. … Since AIMS AMP Capital Industrial REIT’s return does not cover its cost, with a difference of -8.23%, this means its current use of equity is not efficient and not sustainable. … AIMS AMP Capital Industrial REIT exhibits a weak ROE against its peers, as well as insufficient levels to cover its own cost of equity this year.

Simply Wall St -

Is AIMS AMP Capital Industrial REIT (SGX:O5RU) Undervalued?

AIMS AMP Capital Industrial REIT (SGX:O5RU), a reits company based in Singapore, saw its share price hover around a small range of SGD1.32 to SGD1.38 over the last few weeks. … According to my valuation model, AIMS AMP Capital Industrial REIT seems to be fairly priced at around 19.69% below my intrinsic value, which means if you buy AIMS AMP Capital Industrial REIT today, you’d be paying a fair price for it. … Furthermore, AIMS AMP Capital Industrial REIT’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta.

Simply Wall St -

O5RU Company Info

Map
Description

Managed by the Manager, AA REIT was established with the principal investment objective of owning and investing in a diversified portfolio of income-producing industrial real estate located throughout the Asia Pacific that is used for industrial purposes, including, but not limited to warehousing and distribution activities, business park activities and manufacturing activities. The principal sponsors of AA REIT are the AIMS Financial Group (“AIMS”) and AMP Capital, part of the AMP Group, one of Australia’s largest retail and corporate pension providers and one of the region’s most significant investment managers. AA REIT’s existing portfolio consists of 26 industrial properties, 25 of which are located throughout Singapore and a 49.0% interest in one business park property, Optus Centre, which is located in Macquarie Park, New South Wales, Australia with a total value of S$1.45 billion as at 30 September 2018.

Details
Name: AIMS AMP Capital Industrial REIT
O5RU
Exchange: SGX
Founded: 2006
SGD950,433,602
688,720,002
Website: http://www.aimsampcapital.com
Address: AIMS AMP Capital Industrial REIT
No. 23-03, One George Street,
Singapore,
049145,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX O5RU Trust Units Singapore Exchange SG SGD 19. Apr 2007
OTCPK AIMS.F Trust Units Pink Sheets LLC US USD 19. Apr 2007
Number of employees
Current staff
Staff numbers
0
AIMS AMP Capital Industrial REIT employees.
Industry
Industrial REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 12:47
End of day share price update: 2019/02/18 00:00
Last estimates confirmation: 2019/01/04
Last earnings filing: 2019/02/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.