Basic Profile & Key Statistics
- Main Sector(s): Office & Logistics
- Country(s) with Assets: India
- of Properties (exclude development/associate/fund): 9
Key Indicators
Performance Highlight
Total property income, NPI, income available for distribution and DPU increased yoy mainly due to income from aVance 6 at aVance Hyderabad, Building Q1 at Aurum Q Parc, Arshiya Warehouse 7, Industrial Facility in Mahindra World City, Chennai which were acquired between March 2021 to May 2022.
Rental Reversion
Besides ITPC and ITPH, rental reversion is positive for other properties.
Acquisition
In 1H 2022, AIT completed the acquisition of Arshiya Warehouse 7 in March and Casa Grande – Phase 1 in May.
Pipeline
The construction completion of aVance 5 and BlueRidge 3 Phase 1 has been delayed to 2H 2022. For Aurum Q Parc Building Q2 which has received the occupancy certificate, AIT expects to complete the acquisition in 3Q 2023.
Related Parties Shareholding
- REIT sponsor's shareholding: Below median for more than 10%
- REIT manager's shareholding: Above median for more than 20%
- Directors of REIT manager's shareholding: ± 10% from median
Lease Profile
- Occupancy: Below median for more than 5%
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