AIMS APAC REIT closed at $1.33 last Friday, July 11, up 4.72% year to date.
“Our increased stake in AA REIT to 18.66% reflects our confidence in the REIT’s long-term growth potential, the management’s execution capability and our unwavering commitment to creating long-term value for all unitholders," says George Wang, chairman of the REIT's manager, AIMS APAC REIT Management, and executive chairman of AIMS Financial Group.
"This increased stake reaffirms our commitment as a long-term sponsor, fully aligned with unitholders. We will continue to steer AA REIT with prudence, clarity, and conviction," says Wang.
Russell Ng, CEO of the manager, says he welcomes the sponsor’s increased stake as a strong endorsement of the execution capability, long-term track record in value creation and the quality of the REIT's portfolio.
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"This deepened alignment strengthens AA REIT’s position with a committed long-term sponsor and provides added stability and flexibility," he adds.
"Our focus remains on delivering resilient and stable income over the long term for our unitholders," says Ng.
