Chennai, 10 August 2024: NDR InvIT Trust, the first Perpetual Warehousing and Industrial Parks InvIT, listed on the National Stock Exchange, reported unaudited results for the first quarter ended June 30, 2024
- NAV at Rs. 126.88 as on 30th June 2024
- Declared distribution of Rs. 1.75 (Rs. 0.87 as Interest and Rs. 0.88 as the return of capital) per unit to the unit holders for Q1 FY25
- Assets Under Management (AUM) stood at ~16.96 msf across India
| Particulars (Consolidated) | Q1-FY25
(Rs. Mn) |
| Revenue from Operations | 751.77 |
| Other Income | 39.88 |
| Total Income | 791.65 |
| Earnings before Interest Depreciation and Amortization (EBITDA) | 657.88 |
| Profit after Tax | 393.90 |
Mr. Sandeep Jain, Chief Financial Officer of NDR InvIT Trust, said,
“I would like to extend my gratitude to the Stakeholders for their support, and we are pleased to announce a distribution of Rs. 1.75 per unit. The AUM currently stands at 16.96 msf, which is well diversified from a Clientele and Sector perspective; our Operating Metrics such as WALE (11.1 Years) and occupancy Levels (@96.48%), are above industry benchmarks. We shall also strive to maintain our AAA status on our Credit Ratings and maintain High Levels of Customer Satisfaction.
Business Highlights:
- 13 Cities, 33 Industrial Parks, 55+ Warehouses.
- Pan India Occupancy Levels at 96.48%.
- Top 10 Clients Contribute to 39% of Area, and 41% of Revenues.
- 13.78% of Leases coming up for renewals in FY25.
Financial Highlights:
- Revenues from Operations at Rs. 752 mn, EBITDA at Rs. 657.88 mn are in line with expectations.
- NDCF as on 30th June 2024 is Rs. 673.75 mn.
Distribution:
- Declared distribution of Rs. 1.75 (Rs. 0.87 as Interest and Rs. 0.88 as return of capital) per unit to the unit holders for Q1 FY25
- Record date for the distribution is Aug 16, 2024