Ascendas India Trust

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#21
Rainbow 
AIT
Div 4.19 Singapore cents per unit

https://links.sgx.com/FileOpen/2.%20%20F...eID=646435

Stay home and stay healthy, everyone.
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#22
Rainbow 
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


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#23
Rainbow 
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.   Big Grin



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).


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#24
(18-05-2021, 08:43 AM)¯|_(ツ)_/¯ Wrote:
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).


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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.
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#25
Rainbow 
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:


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#26
Rainbow 
AIT@146
Leverage on Capitaland capability to build it's first green DC @ Mumbai, India
https://links.sgx.com/FileOpen/Announcem...eID=673546
[Image: uc?id=1Ms6F0HfCfwtWO0zGrgLYJ1cA66iuM3Gs]

Gratitude!
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