Ascendas India Trust (a-iTrust)

Investing ideas

Ascendas India Trust in sweet spot to ride India's IT, logistics boom

SINGAPORE (Aug 1): Riding on the fast growing IT and logistics industries in India, Ascendas India Trust (a-iTrust) is expecting rentals in Bangalore and Hyderabad’s IT Corridor I to increase over

M&A

Ascendas India Trust to build and acquire warehouse in Panvel for $42.1 mil

SINGAPORE (July 11): The trustee-manager of Ascendas India Trust (a-iTrust) has entered into a construction funding and forward purchase agreement with a subsidiary of Arshiya, to develop an additi

Broker's Calls

Ascendas India Trust kept at 'buy' by DBS on modern warehouse expansion

SINGAPORE (May 3): DBS Group Research is maintaining its “buy” call on Ascendas India Trust (a-iTrust) given its expansion into modern warehouses

Results

Ascendas India Trust acquiring two warehouses in Uttar Pradesh

SINGAPORE (Feb 11): The trustee-manager of Ascendas India Trust (a-iTrust) is acquiring two warehouses in a logistics park at Khurja, Uttar Pradesh.

Broker's Calls

Ascendas India Trust kept at 'buy' amid continued DPU growth

SINGAPORE (Jan 25): Jefferies is keeping its “buy” call on Ascendas India Trust (a-iTrust) with a target price of $1.20 amid continued distribution per unit (DPU) growth.

Results

Ascendas India Trust posts 25% growth in 3Q DPU to 2.05 cents

SINGAPORE (Jan 24): The trustee-manager of Ascendas India Trust (a-iTrust) has declared distribution per unit (DPU) of 2.05 cents for the 3Q18/19 ended December, 25% higher than a year ago.

Broker's Calls

Ascendas India Trust kept at 'buy' with $1.25 by DBS on growth plans

SINGAPORE (Oct 25): DBS Group Research is maintaining Ascendas India Trust (a-iTrust) at “buy” with $1.25 target based on three reasons: New growth engine, acquisitions and untapped landbank.

Results

Ascendas India Trust reports 32% growth in DPU to 1.98 cents for 2Q19

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.

Property

Ascendas India Trust investing in two buildings in Hyderabad business hub

SINGAPORE (July 31): The trustee-manager of Ascendas India Trust (a-iTrust) has entered into a forward purchase agreement with vendor Phoenix Ventures to acquire two buildings, aVance A1 & A2,

Broker's Calls

Ascendas India Trust off to a good start in FY19 with 1Q DPU up 23%

SINGAPORE (July 26): Ascendas India Trust (a-iTrust) is off to a good start in FY19, with 1Q19 DPU jumping 23% y-o-y to 1.60 cents which was in line with expectations.

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