Cube Highways Trust, managed by Cube Highways Fund Advisors Pvt. Ltd. has announced its results for the half year ended September 30, 2024. The total consolidated income for the period stood at Rs 16,891mn, while the consolidated EBITDA for the period was Rs 11,643mn.
The Board of Directors of the Investment Manager has declared a Distribution Per Unit (“DPU”) of Rs 2.00 to ordinary unitholders for the 2nd quarter of FY 2024-25, amounting to a total distribution of Rs 2,668.89mn. The record date for the distribution is November 4, 2024, and the distribution payment will be made on or before November 14, 2024.Pankaj Vasani, Group CFO of Cube InvIT, stated: “We are excited to announce our sixth consecutive quarter of stellar performance and consistent returns with a continued focus on cost leadership. We are declaring a DPU (in line with the previous quarter) of Rs 2 per unit, comprising of Rs 1.27 per unit as interest, Rs 0.71 per unit as repayment of SPV loan, Rs 0.01 per unit as dividend and Rs 0.01 per unit as treasury income.”
H1 FY25 Revenue & EBITDA grew by 11.5% and 26.8% YoY respectively. Cube InvIT continues to maintain AAA/Stable credit ratings from CRISIL, India Ratings, and ICRA.
As of September 30, 2024, the portfolio valuation has increased to a total Asset Under Management of Rs 291,623mn.
