AIMS AMP Industrial Reit

AIMS AMP Industrial Reit: During the 1Q13 results, management indicated a possible switch in its focus to acquisitions in Australia where its sponsor AMP Capital has a strong presence in. Despite higher asset yields, this would introduce some currency risk to the trust, which currently has a 100% Singapore portfolio. Stanchart also reduced its FY14-17E DPU estimates due to industrial rent and interest rate assumptions.