In INR terms, total property income increased by 10% y-o-y to INR5.76 billion. The higher total property income was mainly attributable to income from the newly-acquired aVance 6 building in Hyderabad, Building Q1 in Aurum Q Parc in Navi Mumbai, Arshiya Warehouse 7, income from the industrial facility in Mahindra World City, Chennai, as well as higher utilities and carpark income.
The manager of Ascendas India Trust (a-iTrust) has reported a distribution per unit (DPU) of 4.28 cents for the 1HFY2022 ended June, 2% higher than the DPU of 4.20 cents in the same period the year before.
On a h-o-h basis, the REIT’s DPU increased by 19% from the DPU of 3.60 cents in the 2HFY2021 due to an increase in occupancy in the major IT parks, says the REIT manager.
