- Ascendas India Trust (SGX:CY6U) reported a 2% y-o-y rise in DPU to 4.28 cents, forming 51% of our full-year estimates. DPU was 19% higher compared to 2H21. This stronger performance y-o-y was on the back of an ~8% rise in revenues and net property income to S$103.3m and S$83.4m.
- - Read this at SGinvestors.io -
- Income available for distribution rose by a smaller portion of ~4% y-o-y, partially offset by higher interest costs from acquisitions and lower interest income on the conversion of several forward contracts to rental income.
- - Read this at SGinvestors.io -
Ascendas India Trust - Outlook and commentary
ITPC occupancy rates; committed occupancy seeing strong commitment
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Derek TAN DBS Group Research | Dale LAI DBS Research | https://www.dbs.com/insightsdirect/ 2022-08-02
Read also DBS's most recent report:
2024-01-30 CapitaLand India Trust - Forex Hurdles A Temporary Blip.
Previous report by DBS:
2023-10-27 CapitaLand India Trust - Jumping Start The Acquisition Journey.
Price targets by other brokers at CapitaLand India Trust Target Prices.
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