Ascendas India Trust (a-iTrust)

During the quarter, the trust reported a total property income of INR3.04 billion ($53.5 million), 9% higher y-o-y.

"This acquisition puts us in a good position to capitalise on this growth": Sanjeev Dasgupta, CEO of the manager.

a-iTrust) has announced a weak set of results for 1HFY2021 ended June 30, no thanks to a challenging leasing environment.

About 98.3% of aVance 6 is leased to a multi-national corporation, Amazon Development Center (India).

SINGAPORE (Aug 1): Riding on the fast growing IT and logistics industries in India, Ascendas India Trust (a-iTrust) is expecting rentals in Bangalore and Hyderabad’s IT Corridor I to increase over the next few quarters on the back of sustained demand.

SINGAPORE (July 11): The trustee-manager of Ascendas India Trust (a-iTrust) has entered into a construction funding and forward purchase agreement with a subsidiary of Arshiya, to develop an additional warehouse at the Arshiya Free Trade Warehousing Zone

SINGAPORE (May 3): DBS Group Research is maintaining its “buy” call on Ascendas India Trust (a-iTrust) given its expansion into modern warehouses

SINGAPORE (Feb 11): The trustee-manager of Ascendas India Trust (a-iTrust) is acquiring two warehouses in a logistics park at Khurja, Uttar Pradesh.

SINGAPORE (Jan 25): Jefferies is keeping its “buy” call on Ascendas India Trust (a-iTrust) with a target price of $1.20 amid continued distribution per unit (DPU) growth.

SINGAPORE (Jan 24): The trustee-manager of Ascendas India Trust (a-iTrust) has declared distribution per unit (DPU) of 2.05 cents for the 3Q18/19 ended December, 25% higher than a year ago.