Chennai, Unaudited results for the first quarter ended June 30, 2024, were released by NDR InvIT Trust, the first Perpetual Warehousing and Industrial Parks InvIT, which is listed on the National Stock Exchange. The NAV was Rs. 126.88 on June 30, 2024. declared a distribution to unit holders for Q1 FY25 of Rs. 1.75 (Rs. 0.87 as interest and Rs. 0.88 as return of capital) per unit. Assets Under Management (AUM) in India was around 16.96 million square feet.
NDR InvIT Trust’s Chief Financial Officer, Mr. Sandeep Jain, stated:
We are happy to announce a payout of Rs. 1.75 per unit and would like to thank the stakeholders for their assistance. With an AUM of 16.96 million square feet, it is now well-diversified in terms of clients and sectors served. Our operating metrics, such WALE (11.1 years) and occupancy levels (@96.48%), above industry standards. In addition, we’ll work to keep our credit ratings at AAA and our customer satisfaction levels high.
The company’s 33 industrial parks, more than 55 warehouses, and 13 cities are its highlights.
In India, the occupancy rate is 96.48%.
39% of the area and 41% of sales are accounted for by the top 10 clients.
13.78% of leases are up for renewal in FY25.
Financial highlights include:
EBITDA of Rs. 657.88 million and operational sales of Rs. 752 million are both in line with expectations.
As of June 30, 2024, the NDCF is Rs. 673.75 million.
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