Compared to 2HFY2021, DPU was 19% higher, and this was due to an approximately 8% rise in revenue and net property income to $103.3 million and $83.4 million.
DBS’s Derek Tan and Dale Lai have maintained their “buy” call and target price of $1.70 on Ascendas India Trust (a-iTrust), noting the REIT’s increased DPU and stronger performance for its 1HFY2022 ended June.
a-iTrust reported a 2% y-o-y rise in DPU to 4.28 cents, forming 51% of DBS’s full-year estimates.
