CAPITALAND INDIA TRUST 1H FY 2022 Factsheet
Corporate Profile
Ascendas India Trust ("a-iTrust") was listed in August 2007 as the first Indian property trust in Asia.
Its principal objective is to own income-producing real estate used primarily as business space in India. a-iTrust may also develop and acquire land or uncompleted developments primarily to be used as business space, with the objective of holding the properties upon completion.
a-iTrust is managed by Ascendas Property Fund Trustee Pte. Ltd., a wholly-owned subsidiary of CapitaLand Investment Limited.
Key Facts (as at 30 June 2022)
- Portfolio: 8 IT Parks, 1 logistics park, 1 industrial facility and 1 data centre development
- Portfolio floor area: 15.5 million sq ft
- Committed portfolio occupancy: 90%
- Tenants: 283
- Weighted average lease term: 6.6 years
- Weighted average lease expiry: 3.7 years
- Gearing: 35%
- Weighted average cost of debt: 5.6%
- Adjusted NAV1: S$1.52 per unit
REIT-like Characteristics | Strategy |
a-iTrust voluntarily adopted the following regulations governing SREITs to enhance the stability of its distributions:
-
Permissible investment: Adherence to Property Fund
Appendix's definition. - Investment restrictions: Invests at least 75% of the Trust property in income-producing real estate2.
- Development limit: Development limit at 20%.
- Distributable income: Minimum 90% to be distributed.
- Tax-exemptdistributions: Distributions exempt from Singapore tax.
- Gearing limit: Gearing limit at 50%.
- Development pipeline
- 3.1 million sq ft in Bangalore
- 4.4 million sq ft in Hyderabad
- 0.4 million sq ft in Chennai
- Sponsor assets
- 2.3 million sq ft from CapitaLand
- Ascendas India Growth Programme
- 3rd party acquisitions
- 1.2 million sq ft aVance Hyderabad
- 1.9 million sq ft aVance Business Hub 2
- 0.9 million sq ft Building Q2, Aurum Q Parc3
- 1.9 million sq ft BlueRidge 3
- 1.7 million sq ft Gardencity
- Logistics/Industrial/Data Centre
• | 2.5 million sq ft Arshiya Panvel warehouses | ||||||||
• | 3.9 million sq ft Arshiya Khurja warehouses | ||||||||
• | 0.3 million sq ft Casa Grande industrial facility (Phase 2)4 | ||||||||
• | 0.6 million sq ft Data Centre Campus at Airoli, Navi Mumbai | ||||||||
• | Commencing design and development of data centres at our IT | ||||||||
Portfolio | Parks in Bangalore and Hyderabad | ||||||||
• | Ascendas-Firstspace platform | ||||||||
City | Bangalore | Chennai | Hyderabad | Pune | Mumbai | ||||
• Intl Tech Park | • | Intl Tech Park | • | Intl Tech Park | • aVance Pune | • | Arshiya Panvel | ||
Property | Bangalore | Chennai | Hyderabad | warehouses | |||||
• | CyberVale | • | CyberPearl | • | Building Q1, Aurum Q | ||||
• | Industrial Facility, | • | aVance Hyderabad | Parc | |||||
MWC | |||||||||
Type | IT Park | IT Park | IT Park | IT Park | Warehouse; IT Park |
Site area (acres) | 68.3 | 42.0 | 51.25 | 5.4 | 27.9 |
Completed area6 | 5.2 | 3.2 | 3.86 | 1.5 | 1.8 |
(million sq ft) | |||||
No. of buildings | 12 | 6 IT buildings | 12 | 3 | 7 warehouses |
1 industrial facility | 1 IT building | ||||
Park population | 55,000 | 23,0007 | 32,100 | 14,200 | 3,0007 |
Land bank (development | 3.1 | 0.4 | 4.48 | - | - |
potential) (million sq ft) | |||||
- Excludes deferred income tax liabilities on capital gains due to fair value revaluation of investment properties.
- As defined in a-iTrust's Trust Deed.
- The project was previously known as AURUM IT SEZ.
- As announced on 14 July 2022.
- Includes land not held by a-iTrust.
- Only includes floor area owned by a-iTrust. Includes reduction in floor area due to the demolition of Mariner building (0.2 million sq ft) in ITPH as part of the redevelopment.
- Figures refer to park population for IT parks only.
- Includes buildings under construction and additional development potential.
Notes:
- All information dated as at 30 June 2022 unless stated otherwise.
- All measurements of floor area are defined as "Super Built-up Area" or "SBA", which is the sum of the floor area enclosed within the walls, the area occupied by the walls, and the common areas such as the lobbies, lift shafts, toilets and staircases of that property, and in respect of which rent is payable.
- Any discrepancy between individual amounts and total shown is due to rounding.
Portfolio
Composition (by base rental)
Mumbai
12%
Pune | Bangalore |
10% | |
34% | |
Chennai | ||||||||||||
18% | ||||||||||||
Hyderabad | ||||||||||||
26% | ||||||||||||
Financial Performance | ||||||||||||
Revenue (INR million) | ||||||||||||
5,758 | ||||||||||||
4,005 | 4,078 | 4,658 | 5,550 | 5,584 | 6,124 | 6,579 | 7,220 | 8,626 | 9,336 | 10,188 | 10,250 | 10,613 |
YTD | ||||||||||||
CY2009 CY2010 CY2011 CY2012 CY2013 CY2014 CY2015 CY2016 CY2017 CY2018 CY2019 CY2020 CY2021 CY2022 | ||||||||||||
CY2022 |
Currency & Income Distribution
INR/S$ exchange rate (indexed)
120
100
80
60
40
IPO Dec-07 | Dec-08 | Dec-09 | Dec-10 | Dec-11 | Dec-12 | Dec-13 | Dec-14 | Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21Jun-22 |
Corporate Information
- Bloomberg ticker: AIT.SP
- Reuters ticker: AINT.SI
- SGX-STticker: CY6U
- Financial year: January to December
- Trustee-Manager:
Ascendas Property Fund Trustee Pte. Ltd. - Unit registrar:
Boardroom Corporate & Advisory Services Pte. Ltd.
Floor area (million sq ft)
Portfolio | Development | Acquisition | 15.0 15.52 | |||||||||
13.8 | 0.8 | |||||||||||
13.1 | 1.3 | |||||||||||
12.61 | ||||||||||||
0.7 | ||||||||||||
11.9 | 0.5 | |||||||||||
0.8 | ||||||||||||
9.7 | 1.9 | |||||||||||
8.8 | 0.3 | 0.4 | ||||||||||
7.5 | 0.6 | |||||||||||
6.9 | 1.3 | |||||||||||
6.5 | 6.9 | |||||||||||
6.0 | 0.6 | |||||||||||
0.4 | ||||||||||||
0.5 | ||||||||||||
4.7 | 4.8 | 4.8 | ||||||||||
1.2 | ||||||||||||
3.6 0.1
1.1
3.6 | 3.6 | 4.7 | 4.8 | 4.8 | 6.0 | 6.5 | 6.9 | 6.9 | 7.5 | 8.8 | 9.7 | 11.9 | 12.6 | 13.1 | 13.8 | 14.8 |
IPO | Dec-07Dec-08Dec-09Dec-10Dec-11Dec-12Dec-13Dec-14Dec-15Dec-16Dec-17Dec-18Dec-19Dec-20Dec-21Jun-22 |
Net property income (INR million)
4,648
2,460 | 2,391 | 2,628 | 3,197 | 3,260 | 3,654 | 4,249 | 4,790 | 5,827 | 6,791 | 7,668 | 7,910 | 8,576 |
YTD |
CY2009 CY2010 CY2011 CY2012 CY2013 CY2014 CY2015 CY2016 CY2017 CY2018 CY2019 CY2020 CY2021 CY2022 |
CY2022 |
Distribution per unit (Singapore cents)
4.83
4.5 7.1 7.8 6.9 6.0 5.53 4.93 5.33 6.03 6.23 6.63 8.13 9.13 9.83 8.73
CY2007 | CY2008 | CY2009 | CY2010 | CY2011 | CY2012 | CY2013 | CY2014 | CY2015 | CY2016 | CY2017 | CY2018 | CY2019 | CY2020 | CY2021 | CY2022YTD |
CY2022 |
Contacts
Website:www.a-itrust.com
Email:enquiries@a-itrust.com
Address: 168 Robinson Road, #30-01 Capital Tower,
Singapore 068912
Phone: +65 6713 2888
Investor Relations
Contact: | Cheah Ying Soon |
Email: | cheah.yingsoon@a-itrust.com |
Phone: | +65 6713 2888 |
- Includes reduction in floor area due to the demolition of Auriga Building (0.2 million sq ft) in ITPH as part of the redevelopment.
- Includes reduction in floor area due to the demolition of Mariner Building (0.2 million sq ft) in ITPH as part of the redevelopment.
- Assumes 100% income payout ratio.
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Disclaimer
Ascendas India Trust published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 06:09:31 UTC.
