Ascendas India Trust posts 1H FY2021 DPU of 4.20 Singapore Cents

By: CapitaLand Limited
SINGAPORE - July 28, 2021 - PRLog -- Ascendas Property Fund Trustee Pte. Ltd., the Trustee-Manager of Ascendas India Trust ("a-iTrust" or the "Trust"), has announced today a net property income of S$77.3 million for the period from 1 January to 30 June 2021 ("1H FY2021"), an increase of 5% compared to the same period last year. 1H FY2021 DPU was lower by 9% year-on-year in Singapore Dollars terms at 4.20 S₵ mainly on account of a one-off reversal of dividend distribution tax ("DDT") provision made in the last financial year.

Mr. Sanjeev Dasgupta, Chief Executive Officer said, "The second wave of COVID-19 in India presented a challenge and an opportunity to strengthen relationships with the companies operating within our business parks. We have been actively engaged in providing support to maintain a safe environment and keep our parks operational throughout the period. We are also working closely with local government authorities to provide healthcare support. This included setting up of a temporary COVID Care Centre at International Tech Park Bangalore and initiating vaccination drives at our business parks."

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Olivia Lim
Industry:Real Estate
Location:Singapore - Singapore - Singapore
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