Ascendas India Trust has reported a 20 per cent drop in its distribution per unit to 1.20 Singapore cents for the first quarter ended June. This was mainly due to a weaker rupee which helped to reduce the trust's distributable income by 19 per cent to S$9.2 million. In the past year, the Singapore dollar has risen 20 per cent against the Indian rupee. Still, the trust's total property income rose by 3...
Ascendas India Trust
Ascendas India Trust today reported total property income for 1H FY2010/11 ending Sept 30, 2010, was $60.5 million, an increase of 1% from the same period last year. Net property income was $37.1 million, or marginally lower by 1%. In Indian Rupee terms, total property income was 2% higher, while net property income was unchanged in 1H FY2010/11, compared to the year before. For 2Q FY2010/11, total and...
Ascendas India Trust said its distribution per unit (DPU) for the first quarter stood at 1.66 cents. That's down 19 per cent from the DPU of 2.06 cents achieved in the same period the previous year. Unitholders' distribution in the first quarter also fell 19 per cent on year to S$12.67 million. Ascendas said this was mainly due to realised gains in the first quarter last year of S$4.1 million from the...
Singapore-listed Ascendas India Trust said that two of its subsidiaries have obtained term loan facilities amounting to around S$74 million from DBS Bank. The facilities will mature in December 2015 and carry an interest rate of 10 per cent a year. They will be used to fund the construction of a retail mall development in Bangalore and a multi-tenanted building development in Chennai. The property trust...
Singapore-listed Ascendas India Trust said it will pay 2.05 cents per unit for its fiscal first quarter. This was up 25 per cent over the same period a year ago. All in, its first quarter distributable income to unit holders came to S$15.7 million. The rise was on the back of a 15 per cent increase in net property income to S$18.3 million for the three months ended June. The manager of the trust said a...
Ascendas India Trust today says it achieved a distributable income of $15.7 million for the first quarter ended 30 June 2009, this is a growth of 26% over the same period last year. DPU for the quarter was 2.06 cents, up 25% over 1Q08. Total property income for the quarter was $29.7 million, an increase of 4% from the corresponding quarter last year. Net property income was $18.3 million or 15%...
Ascendas India Trust (a-iTrust) has announced a distribution per unit of 1.65 cents for its first quarter ended June. This represents an annualised yield of 8.3 per cent over a-iTrust's closing price on Tuesday. The trust said its distributable income for the quarter came to S$12.4 million, 12 per cent higher than the same period last year. a-iTrust said its better showing was supported by rental growth...