Ascendas India Trust's NPI up 1% to $73.5m in H1

Uploaded By:  Frances Gagua Submitted By:  Staff Reporter Case Study:  No DPU is declared at 4.56 cents. Ascendas India Trust (a-iTrust) saw its net property income (NPI) inched up 1% YoY to $73.5m in H1 from $73.1m in H1 2019, the company revealed in an SGX filing. Total property income also rose 3% YoY to $98.99m from $96.48m over the same period of comparison. This was attributed to the income from Anchor building at the International Tech Park Bangalore (ITPB) and positive rental reversions, partially offset by lower utilities and carpark income as a result of the COVID-19-related lockdown in India. read more