SINGAPORE (Oct 24): The trustee-manager of Ascendas India Trust (a-iTrust) has declared a 2Q19 DPU of 1.98 cents, 32% higher than a year ago despite the depreciating Indian Rupee.

The higher DPU was mainly due to incremental income contributions from the acquisitions of BlueRidge 2 and Arshiya warehouses, the Atria building, higher interest income from investments in AURUM IT SEZ, aVance 5 & 6 and aVance A1 & A2 via construction funding and positive rental reversions, along with a one-off gain from the scrap sale of the Dedicated Power Plant at ITPB.

Ascendas India Trust to acquire two buildings in Navi Mumbai for $186 mil

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