During the quarter, the REIT completed the $23.8 million acquisition of land for development of its first data centre campus in Navi Mumbai.
Ascendas India Trust has reported a net property income of $39.9 million for its 3QFY2021 ended Sept 30, up 8% y-o-y, thanks to higher property income. Various operating and maintenance costs dropped as well.
a-iTrust’s total property income, for the same quarter, was up 4% y-o-y to $48.9 million, thanks to higher rental collection but offset by lower utilities and carpark revenue because of the pandemic.
