Basic Profile & Key Statistics Ascendas India Trust (AIT) is listed as Business Trust instead of REIT. AIT invests in office and logistics properties in India. Lease Profile Occupancy is high at 98%. WALE is short at 3.6 years. 45% of the lease would be expired in FY2024 and beyond, without a breakdown in detail. All of its income is in INR. All of its properties are freehold. Debt Profile Gearing ratio is low at 29%. Cost of debt is high at 5.7% which is normal for developing countries. Fixed-rate debt % is moderate at 82%. All of its debt is unsecured debt. Interest cover ratio is moderate at 4 times. WADE is slightly short at 2.6 years where the highest debt maturity of 30% falls in FY2022. Diversification Profile Top geographical contribution is low at 39%. This is the same for top property, however, 39% is considered high for top property. Top tenant contribution is low at 8.3% where top 10 tenants contribution is moderate at 36%...