Cube Highways Trust managed by Cube Highways Fund Advisors Pvt. Ltd., reported its Q1 FY 2024-25 results with a consolidated income of Rs 8,309 million and consolidated EBITDA of Rs 5,743 million.
The Investment Manager’s Board has declared a Distribution Per Unit (DPU) of Rs 2.00, totaling Rs 2,668.9 million for the quarter. The record date is August 9, 2024, with distribution payments due by August 14, 2024. The DPU breakdown includes Rs 1.04 as interest, Rs 0.22 as dividend, Rs 0.73 as repayment of SPV loan, and Rs 0.01 as treasury income.
Pankaj Vasani, Group CFO of Cube InvIT, expressed satisfaction with the quarter’s performance, noting the consistent business results and returns. He emphasized confidence in maintaining this performance throughout the year.
Vinay Sekar, CEO of Cube InvIT, highlighted the continuous growth across their road assets and successful integration of six recently acquired HAM assets, showcasing the team’s synergistic capabilities.
As of June 30, 2024, Cube InvIT’s Net Debt/Enterprise Value ratio stands at 38%, with the portfolio’s total Asset under Management valued at Rs 287,646 million.