CapitaLand India Trust (ACNDF) Stock
Established in August 2007, Ascendas India Trust (a-iTrust) made history as the inaugural Indian property trust to be listed on the Singapore Exchange Securities Trading Limited (SGX-ST). Its core mission is to hold revenue-generating commercial properties across India.
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About CapitaLand India Trust
Established in August 2007, Ascendas India Trust (a-iTrust) made history as the inaugural Indian property trust to be listed on the Singapore Exchange Securities Trading Limited (SGX-ST). Its core mission is to hold revenue-generating commercial properties across India. Additionally, a-iTrust has the mandate to undertake development projects and acquire undeveloped land or properties under construction, primarily for business use, with the intention of retaining these assets once completed. As of December 31, 2019, the trust managed assets valued at S$2.1 billion. Its diverse portfolio encompasses eight premier properties in India: seven cutting-edge IT business parks and a logistics facility. These include the International Tech Park Bangalore; Chennai's International Tech Park and CyberVale; Hyderabad's CyberPearl, The V, and aVance; aVance in Pune; and the Arshiya warehouses located near Mumbai. Structured as a business trust, a-iTrust delivers consistent income distributions comparable to those of a Real Estate Investment Trust (REIT). The trust is dedicated to boosting shareholder returns through proactive management of its current holdings, developing undeveloped land within its portfolio, and strategically acquiring new assets. Management of a-iTrust falls under Ascendas Property Fund Trustee Pte. Ltd., which operates as a fully owned subsidiary of CapitaLand Limited, a prominent Singapore-listed entity recognized as one of Asia's largest and most diversified real estate conglomerates.
CapitaLand India Trust is headquartered in SG.
CapitaLand India Trust (ACNDF) stock trades at $0.85 with a market capitalization of $1.26B. The stock is valued at a price-to-earnings (P/E) ratio of 5.00, price-to-book of 0.82, price-to-sales of 5.72. Over the past 52 weeks the stock has ranged between $0.73 and $1.24, and currently trades 31.5% below its 52-week high. It pays a dividend yielding 7.06%.
On profitability, CapitaLand India Trust generates a return on equity (ROE) of 14.33%, above the typical market average, return on capital employed of 5.42%, an operating margin of 68.21%, a net profit margin of 98.99%.
Official website: www.clint.com.sg