Ascendas India Trust

Sino-Singapore Jilin Food Zone starts development of pig farm and cheese factory

SINGAPORE (April 24): Sino-Singapore Jilin Food Zone Development and Management Co. (JVMC), a joint venture between Singbridge and China’s Jilin city government, celebrated two key milestones for Sino-Singapore Jilin Food Zone (SSJFZ) today.

They are the commencement of the Phase 1 development of Integrated Pig Farm (IPF) project, as well as the Guangze Cheese Factory on SSJFZ premises.

Ascendas-Singbridge expands CBD Office portfolio in Shanghai

SINGAPORE (March 20): Ascendas-Singbridge Group announced it has acquired a premium grade commercial building in Shanghai, China.

Located at 686 Jiujiang Road, Huangpu District, the development has a total above-ground gross floor area of 24,883 sqm.

The 14-storey building is near Shanghai city centre’s core business district of People’s Square and Nanjing Road Pedestrian Street, in close proximity to a wide range of food and beverage outlets as well as retail amenities.

The purchase consideration for the building was not disclosed.

Ascendas India Trust, Fragrance, Cordlife, Jumbo, Trendlines

SINGAPORE (Feb 1): Here are some stocks that could move the market this Wednesday morning.

Ascendas India Trust reported a DPU of 1.42 cents for 3Q17, a 5% increase from 3Q16. Total property income rose 7% to IDR 1.9 billion ($201,000) in the quarter, thanks to additional income from recently acquired CyberVale 3. Shares in Ascendas India Trust closed at $1.05.

See: Ascendas India Trust posts 1.42 cents DPU for 3Q

Ascendas India Trust posts 1.42 cents DPU for 3Q

SINGAPORE (Jan 31): Ascendas India Trust has reported a distribution per unit of 1.42 cents for 3QFY17, a 5% increase from 3QFY16.

Total property income rose 7% to IDR 1.9 billion ($201,000) during the quarter, owing to the additional income contribution from CyberVale 3 that was acquired in March 2016 and Victor that was completed in June 2016.

There was also an addition IDR 15 million recognised from positive rental reversions.

Ascendas India Trust to acquire completed IT property

SINGAPORE (Jan 9): Ascendas India Trust says it will be acquiring the 100% stake in Flagship Developers - the approved co-developer of IT development BlueRidge Phase 2 – for about INR 6.9 billion ($145.7 million).

BlueRidge is located in Hinjewadi, Pune, and has 1.5 million sf of built-up area spread over three buildings.

This trust still has plenty of room to grow in India

SINGAPORE (Oct 27): DBS Group Research is maintaining its “buy” rating on Ascendas India Trust with a higher target price of $1.13 despite declaring a 2Q DPU of 1.37 cents, unchanged from a year ago due to the depreciation of the IDR against the SGD.

Ascendas India Trust posts unchanged DPU of 1.37 cents for 2Q

SINGAPORE (Oct 25): Ascendas India Trust has declared a 1.37 cents distribution per unit for 2QFY17, unchanged from a year ago.

Together with first quarter DPU of 1.36 cents, a total of 2.73 cents will be distributed for the half-year. This was slightly below 2.74 cents a year ago.

Ascendas India Trust’s 1Q DPU stays flat at 1.36 cents

SINGAPORE (July 22): Ascendas India Trust saw 1Q earnings rise 14% to $9.4 million distributable income stayed flat at 1.36 cents per unit.

Total property income rose 6% to $36.1 million as base rent increased by 7% to $22.7 million while operations, maintenance and utilities income stayed flat at $10.8 million.

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