CAPITALAND INDIA TRUST DESIGNED FOR GROWTH
Annual Report 2016/2017
ASCENDAS INDIA TRUST
2. ANNUAL REPORT 2016/2017
WHO WE ARE
Ascendas India Trust ('a-iTrust' or the 'Trust') is a property trust which owns seven IT parks in India valued at S$1.4 billion as at 31st March 2017. With a 11.1 million square feet portfolio spread across Bangalore, Chennai, Hyderabad and Pune,
iTrust is well positioned to capitalise on the fast-growing IT and business process management industries in India.
Our strategy is simple - to generate attractive portfolio returns for Unitholders by investing in income-producing real estate used primarily as business space in India.
Our properties provide quality and reliable business space
to our discerning tenants. This differentiation helps us attract and retain prominent tenants that commit to long leases, thereby fostering a stable income profile for the Trust.
Our growth is founded on a prudent approach to capital management. We are geared towards maintaining a strong balance sheet that meets the liquidity needs of the business.
WHY GO ONLINE?
Our corporate website contains detailed information about the Trust and is frequently updated as additional details become available. You can sign up for email alerts of our latest news and keep track of the latest events on the Event Calendar page.
Our corporate website: www.a-itrust.com
Notes:
All information in this annual report is dated as at 31st March 2017 unless otherwise stated.
All measurements of floor area are defined herein as "Super Built-up Area" or "SBA", which is the sum of the
floor area enclosed within the walls, the area occupied by the walls, the common areas such as the lobbies, lift shafts, toilets, and staircases of that property, and in respect of which rent is payable.
The Indian Rupee and Singapore Dollar are defined herein as "INR/₹" and "SGD/S$" respectively.
Any discrepancy between the individual amounts and total shown in this annual report is due to rounding.
ASCENDAS INDIA TRUST
ANNUAL REPORT 2016/2017 1.
CONTENTS OVERVIEW SUSTAINABILITY 02 At a Glance04 Marking Our 10th Anniversary
06 Chairman's Message 08 CEO's Review 10 Trust & Organisation Structure 12 Board of DirectorsTrustee-Manager
Property Manager
STRATEGYStrategy
REPORT
88 Trust Financial Statements 178 Trustee-Manager Financial Statements 208 Unitholding Statement 211 Market Research ReportOTHER INFORMATION
210 Glossary 236 Notice of AGM 239 Proxy Form PERFORMANCE 38 Portfolio 40 Operational Review 43 Financial ReviewQuarterly Results
Unit Price Review
2. Overview
Strategy
Performance
Sustainability
ASCENDAS INDIA TRUST
ANNUAL REPORT 2016/2017
AT A GLANCE
7 IT Parksacross 4 key Indian cities
Revenue(S$ million)
157
Net Property Income(S$ million)
94
104
DPU1(S¢)
4.65
4.56
4.86
5.50
5.69
126 121129
144
72 72 78
FY 12/13
13/14
14/15
15/16
16/17
FY 12/13
13/14
14/15
15/16
16/17
FY 12/13
13/14
14/15
15/16
16/17
Gearing NAV2(S$)
Adjusted NAV3(S$)
0.811.05
22%
22%
25%
26%
29%
0.67
0.62
0.68
0.69
0.82
0.78
0.87
0.89
Mar 13 14
15 16 17
Mar 13
14 15
16 17
Mar 13 14
15 16 17
Refer to pages 38 to 49 for more information on our performance.
1 Refers to distribution per unit post retention of 10% of income.
2 Net asset value per unit.
3 Adjusted NAV excludes deferred income tax liabilities on capital gains due to fair value revaluation of investment properties.
Ascendas India Trust published this content on 26 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 June 2017 11:49:09 UTC.
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