SGX: Ascendas-iTrust (CY6U)       ASCENDAS INDIA TRUST
Last Price Today's Change   Day's Range   Trading Volume
1.37   0.00 (0.00%)  1.36 - 1.37  1,170


Avg Volume (4 weeks):2,196
4 Weeks Range:1.36 - 1.54
4 Weeks Price Volatility (%):
52 Weeks Range:1.24 - 1.62
52 Weeks Price Volatility (%):
Average Price Target: 1.65
Price Target Upside/Downside: +0.28


Date Subject
22-Apr-2021 Phillip Capital Morning Note - 22 Apr 2021

Business Background

Ascendas India Trust (“a-iTrust” or the “Trust”) 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. The portfolio comprises seven world-class IT business parks in India, namely the International Tech Park Bangalore, International Tech Park Chennai and CyberVale in Chennai, CyberPearl, The V and aVance Business Hub in Hyderabad, and BlueRidge 2 in Pune. a-iTrust is structured as a business trust, offering stable income distributions similar to a Real Estate Investment Trust. The Trust focuses on enhancing shareholder value by actively managing existing properties, developing vacant land in its portfolio, and acquiring new properties. a-iTrust is managed by Ascendas Property Fund Trustee Pte. Ltd., a subsidiary of Ascendas-Singbridge Group.

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