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Ascendas India Trust Q2 DPU unchanged from a year ago at 1.37 Singapore cents

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ASCENDAS India Trust, which owns six tech parks in India, said distribution per unit (DPU) for its second quarter ended Sept 30 was 1.37 Singapore cents, unchanged from a year ago.

ASCENDAS India Trust, which owns six tech parks in India, said distribution per unit (DPU) for its second quarter ended Sept 30 was 1.37 Singapore cents, unchanged from a year ago.

Together with first quarter DPU of 1.36 cents, a total of 2.73 cents will be distributed for the half-year, with the business trust going ex-distribution on Nov 14. This was slightly below 2.74 cents a year ago.

For the second quarter, distributable income was up one per cent to S$12.7 million. Net property income was up 6 per cent to S$25.1 million while total property income was up 2 per cent to S$37.1 million.

The Indian rupee depreciated versus the Singapore dollar compared to a year ago, so total property income and net property income increases were lower in Singapore dollar terms.

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Higher property income versus a year ago was due to contributions from the aVance 3, CyberVale 3 and Victor buildings, as well as higher rentals upon lease renewals.

The business trust closed unchanged at S$1.075 before results were out.

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