New Delhi, August, 01, 2024: Cube Highways Trust (“Cube InvIT”) [BSE/NSE: CUBEINVIT], managed by Cube Highways Fund Advisors Pvt. Ltd. (the “Investment Manager”) has today announced its results for the quarter ended June 30, 2024. The total consolidated income for the period stood at ₹ 8,309mn, while the consolidated EBITDA for the period was ₹ 5,743mn.
The Board of Directors of the Investment Manager has declared a Distribution Per Unit (“DPU”) of ₹ 2.00 to ordinary unitholders for the quarter (Q1) of FY 2024-25, amounting to a total distribution of ₹ 2,668.9mn. The record date for the distribution is August 9, 2024, and the distribution payment will be made on or before August 14, 2024.
Pankaj Vasani, Group CFO of Cube InvIT, stated: “The start of FY25 has been encouraging, with our Q1 results demonstrating yet another quarter of solid business performance and consistent returns. The DPU comprises of ₹ 1.04 per unit as interest, ₹ 0.22 per unit as dividend, ₹ 0.73 per unit as repayment of SPV loan and ₹ 0.01 per unit as treasury income. We are confident in maintaining this performance in the quarters to come.”
Vinay Sekar, CEO of Cube InvIT, said, “We have been showcasing consistent growth across our road assets, and the seamless integration of the recently acquired six HAM assets into our portfolio is a validation of the synergistic capabilities of our teams.”
As of June 30, 2024, the Net Debt/ Enterprise Value stands at 38 per cent, and the portfolio valuation also increased to a total Asset under Management of ₹ 287,646mn.
