THE trustee-manager of Ascendas India Trust (A-iTrust) said after trading hours on Friday that it will be investing in a forward purchase of BlueRidge 3, a 1.8 million square feet special economic zone development located at Hinjewadi, Pune for a total estimated purchase consideration of abo...

SINGAPORE (May 3): DBS Group Research is maintaining its “buy” call on Ascendas India Trust (a-iTrust) given its expansion into modern warehouses DBS says the expansion warrants a premium not only from the boost to a-iTrust’s near-term DPU outlook but more importantly, the ability to accelera...

SINGAPORE (Apr 25): The trustee‐manager of Ascendas India Trust (a‐iTrust) has reported a DPU of 1.70 cents for the 4Q18/19 ended March. This brings FY18/19 DPU to 7.33 cents, 20% higher than a year ago despite the depreciating Indian Rupee. Total property income for 4Q18/19 was down 4% to $47....

ASCENDAS India Trust has increased the limit of its multicurrency debt programme by S$1 billion, raising the likelihood that the India-focused IT business park real estate investment trust will be looking to borrow more funds.

SINGAPORE (Feb 11): The trustee-manager of Ascendas India Trust (a-iTrust) is acquiring two warehouses in a logistics park at Khurja, Uttar Pradesh. These are a 190,000sf facility in the Free Trade Warehousing Zone (FTWZ) of a logistics park developed by seller Arshiya and a 120,000sf warehouse loc...

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. This comes after a-iTrust on Thursday declared DPU of 2.05 cents for the 3Q18/19 ended December, 25% higher than a year ago,...

THE following companies saw new developments that may affect trading of their shares on Friday:

HIGHER interest income from investments, a rise in net property income and a one-off tax benefit lifted results for IT park owner Ascendas India Trust (a-iTrust) in its third quarter despite a depreciating Indian rupee.

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. The increase came despite an enlarged equity base of 97.4 million units through the private placement in Febr...

SINGAPORE (Jan 15): CapitaLand on Monday announced it is acquiring all the shares in two subsidiaries of Ascendas-Singbridge (ASB) from Temasek for $11 billion to create the largest diversified property group in Asia. However, the deal is still subject to an extraordinary general meeting (EGM), whi...