Cube Highways Trust declares distribution of Rs 2 per ordinary unit for Q3

Cube Highways Trust (Cube InvIT) managed by Cube Highways Fund Advisors Pvt Ltd announced its Q3 FY24 results for the October-December period on Monday. The total consolidated income for the period stood at Rs 2,271.41 crore, while the consolidated EBITDA for the period stood Rs 1,443.05 crore. 

The Board of Directors of the Investment Manager has declared a Distribution Per Unit (DPU) of Rs 2.00 to ordinary unitholders for the third quarter (Q3) of FY 2023-24, amounting to a total distribution amount of Rs 258.06 crore.

Pankaj Vasani, Group CFO of Cube InvIT, stated: “Our Q3 results showcase another quarter of consistent execution and operational excellence. The DPU comprises Rs 1.99 per ordinary unit as interest and Rs 0.01 per unit as treasury income. The record date for the distribution is February 13, 2024, and the distribution payment will be made on or before February 24, 2024."
 
Vinay Sekar, CEO of Cube InvIT, said, "We believe we are well positioned to continue to deliver value to our unitholders given our strong operational foundations. The recent National Highways Excellence Awards, 2022 have further bolstered this belief as three of our SPVs were felicitated with prestigious awards and accolades last week – a clear testament to our unwavering commitment towards excellence and innovation in the industry.”

As of 31 December 2023, the portfolio valuation also increased to a total Asset under Management of Rs 250.24 billion.