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CapLand India T Last:1.01 -

AREIT India

looking forward fr nex nth div

looking to collect fr long...covid vaccine will be out next mth.....

halleluyah ( Date: 25-Nov-2020 16:42) Posted:

long some fr growth n recent report quite gd n also not so expensive compare to mapple n ascendas....div 6.392....is there div fr tis mth boh??

At least this one has a very small chance as asking $$$ from us,.... and this is a, pure play India-focussed REIT for Ca[italand group,... just like CRCT is a pure play China-focussed REIT for the same group. I' ll buy both for high-growth EM play,...

Hehe,... tq bro Starship,...

India REITs still have hopes,... look at this news :-
https://www.dealstreetasia.com/stories/dlf-reit-commercial-213736/?utm_source=DealStreetAsia& utm_campaign=2190d12c89-EMAIL_CAMPAIGN_2020_11_03_01_02& utm_medium=email& utm_term=0_0fa50e40c1-2190d12c89-246478073& mc_cid=2190d12c89& mc_eid=a9c42462b1

Starship ( Date: 01-Nov-2020 16:14) Posted:

St.Maximus ( Date: 01-Nov-2020 06:19) Posted:

Thanks cheng. Just to make doubly sure it is not indiabulls. We know what happened to indiabulls... ... a complete disaster!

St.Maximus ( Date: 01-Nov-2020 06:19) Posted:

Thanks cheng. Just to make doubly sure it is not indiabulls. We know what happened to indiabulls... ... a complete disaster!

You are right, bro - this is not the Indiabulls one,.. THis one is owned by Capitaland,... was earlier owned by Ascendas, but after the merger of Ascendas-Singbridge with the Capitaland Group, Ascendas iTrust reports to Capitaland today.

St.Maximus ( Date: 30-Oct-2020 04:38) Posted:

emm... just to make sure this reits is not the India bulls one, right?

Bros,... good morning...

Ascendas iTrust (AIT) reported their 3QFY20 Business & Operational Updates (BOU) last evening (since it' s past 12 midnight now). In AIT' s BOU, they chose to talk abt their Total Property Income (TPI) and Net Property Income (NPI). I suspect the ' Total Property Income' means the Gross Revenue collected, which is the topmost row in the Results Summary Table of the Press Release.

I recalled,... the CEO mentioned in this year' s AGM that the rise in absolute INR amt has always been high enough to offset the weakening of the INR compared to the SGD (ie forex weakening), hence,... producing ever-rising metrics in the SGD denomination for a few years. Unfortunately, in the 3Q this year, on a year-on-year basis, since there is 0% increase in the TPI and in the NPI, this has caused the same metrics to retreat by 5% when denominated in the SGD. Kindly refer to Pg 4 of the BOU.

On a 9-month basis (for Jan till Sep), comparing last year' s 9-month vs this year' s, the results are kinder to unitholders. The TPI has no drop and the NPI dropped by ONLY 1%.

If the current 4QFY20 prodcues better results, we may still end-up with a good second-half dpu payout.

Note : Frankly, I would prefer they do their computation on and talk abt their Distributable Income rather than their TPI and their NPI which are ' too high up' in the Results Summary for unitholders to derive any meaningful estimations towards the coming dpu payouts. JMHO....

I' ll leave MNACT for later today. MNACT reported results too last evening,....

Some news which helped me formed my opinions of this Trust :-
https://www.dealstreetasia.com/stories/indias-office-assets-212061/?utm_source=DealStreetAsia& utm_campaign=ced922de58-EMAIL_CAMPAIGN_2020_10_21_01_02& utm_medium=email& utm_term=0_0fa50e40c1-ced922de58-246478073& mc_cid=ced922de58& mc_eid=a9c42462b1

I tried to paste the whole article here for the convenience of my readers and followers, but somehow,....the clipboard wouldn' t allow me to do so. But it allowed me to paste the link instead. If you guys still needed the whole article,... let me know,...

Congratulations to unitholders here,... I have to issue congrats for holders of three counters. Glad to have been able to do the correct FA and TA for these counters.

For Ascendas iTrust, I have not heard of any material news apart from the daily coronavirus infection spikes in India. Checked SGXNet,... nothing special too in recent times. I will continue to load-up here when opportunity presents itself.

Congrats again, unitholders of Ascendas iTrust,....

Still very keen on this trust, hence, on this weekend, taken the inititiative to study SGX' s queries and responses against AiTrust earlier. Filing is as attached here : https://links.sgx.com/FileOpen/AIT-%20Response%20to%20SGX%20Queries.ashx?App=Announcement& FileID=626524

In Query No 1 on checking back with the 1HFY20 Financial Report, on Page 9, the total amount payable within ONE year which comprises Bank Loans and Medium Term Notes is $187,673,000 and is not $187,637,000 as indicated in Query No 1.

The difference here is material and hopefully an amendment can be made in the SGX Company Reporting panel to correct the filing.

In Queries Nos 3 and 4, the trade receiveables are indeed concerns as Loan Interest seems to be the bulk of the revenue that ' could not be collected' in time.

This statement appears everywhere : The interest receivables and the long term receivables are secured by a charge over the underlying properties/land/shares and have healthy loan-to-value ratios.

Investors will never hope for the above legal clauses to be activated due to ' unnecessary defaults' on the part of developers and suppliers not being able to fulfill their payments to our trust !

Having said all the above, I continue to have a keen interest in this trust !

Good morning all, just read an update from the AiTrust website. There are 4 or 5 queries from the SGX towards Ascendas recent Financuial Reporting,....

As said earlier, we must look deeper in between the lines.

Why deeper? The answer is in the financial statements &ndash interest income.

chengwh1 ( Date: 28-Jul-2020 22:48) Posted:

We need to look deeper at the reasons for the increase in NPI and in DPU. Somehow,... the reasons here are not very reassuring, I' m afraid...

Lailai888 ( Date: 28-Jul-2020 18:03) Posted:

Remarkable set of numbers.

Probably one of the best in recent announcements.

DPU for 1H 2020 is up 24% compared to last yr 1H2019.

https://ir.a-itrust.com/news.html/id/790358

Kabouter Mgmt, LLC, a majority unitholder disposed 3,458,400 units,... and their unitholding percentage DROPPED from 10.3% to 9.99%.

Yes,... glad I have identified this trust earlier and am now enjoying the capital gain and incoming dpu too,.... still,... I continue to evaluate and read the finer details,....

Joelton ( Date: 29-Jul-2020 10:17) Posted:

Ascendas India Trust posts higher DPU for H1 FY20 makes higher provision for doubtful debts

ASCENDAS India Trust on Tuesday reported a higher distribution per unit (DPU) of 4.64 Singapore cents for its first half ended June 30, compared to 3.75 cents paid out a year ago.

This was mainly due to the reversal of its dividend distribution tax (DDT) provision as a result of India&rsquo s abolition of the DDT policy from April 2020 other factors were the higher interest income from investments in forward purchases and modest growth in net property income, the business trust said.

The distribution will be paid on Aug 26.

Total property income rose 3 per cent to S$99 million in Singapore dollar (SGD) terms, supported by income from Anchor building at International Tech Park Bangalore (which was completed in May 2019) and positive rental reversions, but this was partially offset by lower utilities and carpark income because of the Covid-19 lockdown in India.

The increase was slightly higher in Indian rupee (INR) terms because of a slight appreciation in SGD against the INR over the same period last year.

Net property income went up by a smaller percentage of 1 per cent to S$73.5 million because of higher operating expenses, mainly due to higher allowance for expected credit loss.

Income available for distribution rose 36 per cent to S$59 million, bolstered by higher interest income from its investments in logistics infrastructure firm Arshiya and properties such as AURUM IT SEZ, aVance 5 and 6 and BlueRidge 3, lower current tax expenses and a higher provision of Singapore' s goods and services tax in the first half of FY2019.

Its committed portfolio occupancy was 98 per cent as at end-June 2020. Operationally, all its IT parks have remained open throughout the first half of 2020, including the lockdown period, to support tenants&rsquo operations.

Park Square, its retail mall in International Tech Park Bangalore, reopened on June 8 after 12 weeks of mandatory closure. However, the building was closed again from July 14 to 21, when Bangalore city went into lockdown.

" Attendance in our IT parks is increasing slowly as most tenants remain cautious," it said.

The trust has also committed to rental reliefs, primarily to its retail tenants, to help them tide through the challenging period.

" The situation remains fluid and the weak economic conditions brought about by Covid-19 could have an adverse impact on the performance of our properties. We have made higher provision for doubtful debts in H1 FY2020 on a prudence basis and will continue to monitor the situation."