Ascendas India Trust (AIT)
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Category: Industrial (India) |
Last Price: $0.83 |
3 December 2014 |
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Sponsor: Ascendas Land International |
NAV: $0.62 (30 Sep 2014) |
TTM Price Return: 20.29% |
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Premium: 33.9% |
TTM Dividend Yield: 5.69% |
(A) Property Portfolio
Ascendas India Trust (AIT) is a Singapore listed business trust whose main objective is to own income-producing real estate used primarily as business space in India. At times, AIT may acquire and develop land or projects designated for business space, with the objective of holding those properties on completion.
AIT owns its properties indirectly via Singapore Special Purpose Vehicles and Venture Capital Undertakings (“Indian entities”). The trust structure is shown below.
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| Trust structure for Ascendas India Trust. (Source: AIT FY2013/14 Annual Report)<!--[if gte mso 10]> |
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