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a-iTrust's DPU dampens by rupee's fall against Singdollar

Published on Jul 24, 2014 6:52 PM

SINGAPORE - A boost from its latest building and new leases signed at higher rental rates at one of its business parks drove first quarter property income growth at Ascendas India Trust (a-iTrust).

a-iTrust's first quarter net property income rose 10 per cent year on year to 899 million rupees ($18.5 million).

Income to be distributed grew 8 per cent year on year to 505 million rupees.

Distribution per unit (DPU) growth in Singapore dollars was dampened however by unfavourable currency movements, with the Singapore dollar appreciating against the Indian rupee by 7 per cent year on year.

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