Chennai, 10 August 2024: The National Stock Exchange has launched NDR InvIT Trust, the first Perpetual Warehousing and Industrial Parks InvIT, which released unaudited results for the first quarter that concluded on 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,
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.
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
About NDR InvIT Trust:
NDR InvIT Trust, the first perpetual warehousing and industrial Parks InvIT in India. The trust has an AUM of 16.96 mn sq.ft. The asset portfolio is diversified across 50+ warehouses and 33 Industrial parks, located at 13 cities in India. At the end of June 2024, the warehouses were leased out to 85+ tenants. These tenants are spread across diversified industries including third-party logistics service providers, e-commerce, information technology and technology, engineering, automobiles and auto ancillaries, white goods manufacturers, retail and fast-moving consumer goods. At NDR InvIT Trust, we contribute to the country’s sustainable economic, and social growth by strategically managing infrastructure investments.
