Ascendas India Trust
AIT
Div 4.19 Singapore cents per unit https://links.sgx.com/FileOpen/2.%20%20F...eID=646435 Stay home and stay healthy, everyone. 
AIT -Proposed Forward Purchase Acquisition of it's First Industrial Facility at Mahindra World City, Chennai
Mahindra World City is an established industrial micro-market occupied by leading bluechip companies including BMW, BASF, Fujitec, NCR Corporation and B. Braun. The Transaction offers a diversification opportunity for a-iTrust into the industrial asset class and fits the Trustee-Manager’s investment strategy to invest in quality logistics and industrial assets. The Trustee-Manager believes that the Transaction will bring the following benefits to unitholders of a-iTrust. Construction of the Phase 1 Project is ongoing and is expected to complete by mid-2021. The Phase 1 Project is fully pre-committed to Pegatron, a leading Taiwanese contract electronics manufacturer, with a 7-year lock-in period and annual escalations. From the date of Subscription up to the date of the Acquisition, a-iTrust will receive a coupon on NCDs that is higher than its borrowing costs. The pro-forma impact of the proposed acquisition on FY 2020 distribution per unit (DPU) is expected to be an accretion of 0.04 Singapore cents. As a result of the acquisition of this industrial facility, a-iTrust’s committed portfolio size will increase by 1.9% from approximately 22.8 million square feet to approximately 23.2 million square feet. https://links.sgx.com/FileOpen/Casa%20Gr...eID=651015 https://links.sgx.com/1.0.0/corporate-an...244332abcc
AIT@1.40
Willie Keng, Founder of Dividend Titan wrote about AIT, being a boring Singapore dividend grower. https://www.dividendtitan.com/this-singa...nd-boring/ I had never vested in any REITs except AIT. The reason why I did not buy any REIT is simple: d.o.g. The reason why I vested in AIT is rather simple: 1. It IPO around $1, and then it goes all the way up to $1.20. 2. When the financial crisis hit, I mopped up at 80+cents using all the $$$ I could find. 3. I like AIT because it's a business trust and not just a REIT. Business trust come with certain risks but these risks at the hand of a professional become a great advantage. 4. Of course, Philip Yeo is the main reason why I have the courage to vest a big amount (bigger than usual). 5. Again, Philip Yeo design/built AIT with exceptionally well thought ideas - armed with SuZhou Industrial Park experience, is again something worth putting in a bigger amount. 6. Last but not least, the first right of refusal from Ascendas was a competitive edge too. 7. Again, if you look at the history of AIT, no rights, no issuance of rights. This feature would be something very useful for retirees.  When I read Willie post (written yesterday), I was very excited because I think he got it! My thoughts on Ascendas India Trust? If you want to diversify your dividend portfolio from Singapore properties into other countries, yet still want a familiar and reputable landlord, Ascendas India Trust is a great way to invest.
And its growth is riding on India’s massive IT outsourcing trends.
I know COVID halved some of the company’s distributions last year.
But once this pandemic recovers, I believe Ascendas India Trust will resume its growing distribution of more than 9 cents per unit.
That’s going to give investors 7% dividend yield (based on 2019 DPU and today’s share price).Stay home and stay safe, everyone.
18-05-2021, 10:23 AM
(18-05-2021, 08:43 AM)¯|_(ツ)_/¯ Wrote: Isn't that the reason for all Companies and not only AIT. The very reason of its success (concentrating talents in a center) is now a big threat especially India's more virulent strains.
Yes, there is some true to it.
Let's see how things evolve. H hope AIT management is one up it's competitors. Delhi CM Urges Centre To Stop Flights From Singapore Over New Covid Strain: Stay home and stay safe, everyone.
AIT@146
Leverage on Capitaland capability to build it's first green DC @ Mumbai, India https://links.sgx.com/FileOpen/Announcem...eID=673546 Gratitude! |
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