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COMMERCIAL PROPERTY | Staff Reporter, Singapore

Will Ascendas India Trust rise above the REITs in 2016?

Its DPU CAGR stands at 11%.

Ascendas India Trust (AIT) is one underdog story investors should not miss out on, according to a report by DBS.

AIT stands out with three-year DPU CAGR of 11% and a still-attractive yield of 6.6% as Singapore-focused REITs face headwinds that have been slowing DPU growth.

Moreover, AIT is brimming with clear growth drivers. Over the past year, a-iTrust announced several developments including the construction of The V, as well as acquisitions of CyberVale, aVance3, and BlueRidge Phase II.

Coupled with sustained growth in the trust’s existing portfolio, these growth drivers should provide confidence in AIT delivering a solid 11% DPU CAGR over the next three years.

In addition, through AIT’s untapped land bank and sponsor pipeline, AIT has access to potential floor area of about 5.9m sqft. This provides the trust with a visible and sustainable source of growth over the long term.

DBS further notes the ability to pounce on these growth opportunities is supported by a healthy balance sheet.

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