Basic Profile & Key Statistics Ascendas India Trust (AIT) invests in mainly office properties which owns 8 properties. Although AIT is listed as a business trust, it operates similarly to REIT.
Performance Review Total property income and NPI decreased YoY by 8% and 2% respectively due to lower income from carpark and utilities as well as increase of SGX/INR FX rate. Income to be distributed increased by 3% YoY mainly due to interest income from Arshiya, AURUM IT SEZ and BlueRidge 3. DPU on the other hand, decreased by 3% YoY mainly due to a combination of enlarged unitholder base and increase of SGX/INR FX rate. Rental reversion for FY2020 is positive for all 8 properties. Development for Endeavour was (previously known as MTB 5)was completed in November 2020. Above are committed forward purchase deals that are in development (besides Arshiya Khurja which is...