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NDR InvIT Trust grows AUM 13.3% to 19.22 mn sq ft in FY25

#Taxation & Finance News#Infrastructure#India
Last Updated : 3rd Jun, 2025
Synopsis

As of March 31, 2025, NDR InvIT Trust, India's first perpetual warehousing and industrial park InvIT, reported a 13.32% rise in assets under management (AUM), reaching 19.22 million sq. ft. The Trust expanded its footprint from 13 to 15 cities, now operating 37 industrial parks and over 60 warehouses nationwide. About 33% of rental income comes from its top 10 clients, with just 11.26% of leases up for renewal in H2 FY26, ensuring stable revenues. FY25 revenue stood at INR 3,241.10 million, with Q4 revenue at INR 945.38 million. The NAV per unit was INR 135.52. A Q4 distribution of INR 1.80 per unit was declared, with a record date on or before June 4, 2025. CFO Sandeep Jain highlighted FY25's portfolio growth, strong occupancy, and investor returns. The Trust remains focused on strategic acquisitions and sustainable expansion in India's logistics sector.

As of March 31, 2025, NDR InvIT Trust, India's first perpetual warehousing and industrial park, had increased its assets under management (AUM) by 13.32%, bringing its total area to about 19.22 million square feet. This growth highlights the Trust's commitment to expanding its infrastructure portfolio across the nation.


Throughout the year, the Trust successfully expanded its presence from 13 to 15 cities, enhancing its pan-India coverage. The diversified portfolio now comprises 37 industrial parks and over 60 warehouses, strategically located to serve key logistics and manufacturing hubs. Approximately 33% of the rental income is derived from the top 10 clients, indicating a balanced tenant base. Notably, only 11.26% of leases are due for renewal in the second half of FY26, providing stability in revenue streams.

Financially, the Trust reported a revenue from operations of INR 945.38 million for the fourth quarter and INR 3,241.10 million for the full fiscal year. Operating EBITDA stood at INR 823.05 million for Q4 and INR 2,816.99 million for FY25. The Net Asset Value (NAV) per unit was INR 135.52 as of March 31, 2025. The Board declared a distribution of INR 1.80 per unit for Q4 FY25, comprising INR 0.72 as interest income and INR 1.08 as return of capital, with the record date set on or before June 4, 2025.

Sandeep Jain, Chief Financial Officer of NDR InvIT Trust, expressed that FY25 was a transformative year, marked by portfolio expansion, high occupancy rates, and strong returns for investors. He emphasized the Trust's focus on sustainable growth through strategic acquisitions and capital management.

The substantial growth in AUM, coupled with prudent financial management and a diversified portfolio, positions the Trust for continued success in the evolving logistics landscape. The upcoming distribution further reflects the Trust's commitment to delivering value to its unitholders.

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