Ascendas India Trust ("a-iTrust") was listed in August
2007 as the first Indian property trust in Asia.
Its principal objective is to own income-producing real estate used primarily as business space in India. a-iTrust may also develop and acquire land or uncompleted developments primarily to be used as business space, with the objective of holding the properties upon
a-iTrust is managed by Ascendas Property Fund Trustee Pte. Ltd., a wholly-owned subsidiary of CapitaLand.
Key Facts (as at 30 June 2021)
Portfolio: 7 IT Parks and 1 logistics park
Portfolio floor area:14.4 million sqft
Committed portfolio occupancy:90%
Weighted average lease term:6.6 years
Weighted average lease expiry:3.5 years
Weighted average cost of debt:5.3%
Adjusted NAV1: S$1.40 per unit
a-iTrust voluntarily adopted the following regulations governing SREITs to enhance the stability of its distributions:
3.1 million sqft in Bangalore
4.2 million sqft in Hyderabad
0.4 million sqft in Chennai
• Permissible investment: Adherence to Property
2.3 million sqft in Pune
Fund Appendix's definition.
Investment restrictions: Invests at least 75% of the
3rd party pipeline
Trust property in income-producing real estate2.
1.2 million sqft aVance Hyderabad
Development limit: Development limit at 20%.
2.1 million sqft aVance Business Hub 2
Distributable income: Minimum 90% to be
1.4 million sqft AURUM IT SEZ
1.8 million sqft BlueRidge 3
• Tax-exempt distributions: Distributions exempt from
1.7 million sqft Gardencity
Gearing limit: Gearing limit at 50%.
• 2.8 million sqft3 Arshiya Panvel warehouses
• 3.9 million sqft3 Arshiya Khurja warehouse
• 0.4 million sqft Casa Grande
0.6 million sqft Data Centre Campus in Navi Mumbai
• Intl Tech Park
Intl Tech Park
Intl Tech Park
• aVance Pune
• Arshiya Panvel
Site area (acres)
No. of buildings
Land bank (development
Excludes deferred income tax liabilities on capital gains due to fair value revaluation of investment properties.
As defined in a-iTrust's Trust Deed.
Includes a 7th warehouse under construction (0.3 million sqft) in Arshiya Panvel and a warehouse to be acquired upon completion of Conditions Precedent (0.2 million sqft) in Arshiya Khurja.
Includes land not held by a-iTrust.
Only includes floor area owned by a-iTrust.
Includes buildings under construction and additional development potential.
All information dated as at 30 June 2021 unless stated otherwise.
All measurements of floor area are defined as "Super Built-up Area" or "SBA", which is the sum of the floor area enclosed within the walls, the area occupied by the walls, and the common areas such as the lobbies, lift shafts, toilets and staircases of that property, and in respect of which rent is payable.
Any discrepancy between individual amounts and total shown is due to rounding.
Composition (by base rental)
Revenue (INR million)
Currency & Income Distribution
INR/SGD exchange rate (indexed)
Financial year: January to December
Ascendas Property Fund Trustee Pte. Ltd.
Boardroom Corporate & Advisory Services Pte. Ltd.
Ascendas India Trust published this content on 31 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2021 03:11:02 UTC.