Cube Highways Trust Announces Rs 2/Unit Q2 FY25 Distribution

07 Nov 2024 CW Team

Cube Highways Trust, under the management of Cube Highways Fund Advisors, recently reported its financial performance for the half-year ending September 30, 2024. The Trust’s consolidated income for this period reached Rs 16,891 million, with a consolidated EBITDA of Rs 11,643 million.

The Investment Manager’s Board of Directors has approved a Distribution Per Unit (DPU) of Rs 2.00 for the second quarter of FY 2024-25, totalling a distribution of Rs 2,668.89 million for ordinary unitholders. This distribution will be based on a record date of November 4, 2024, and is scheduled for payment on or before November 14, 2024.

Pankaj Vasani, Group CFO of Cube InvIT, expressed satisfaction with the Trust’s performance, highlighting that this is the sixth consecutive quarter of strong results and reliable returns, supported by an emphasis on cost efficiency. He noted that the DPU remains consistent with the previous quarter at Rs 2 per unit, comprising Rs 1.27 per unit as interest, Rs 0.71 per unit as SPV loan repayment, Rs 0.01 per unit as dividend, and Rs 0.01 per unit as treasury income.

For the first half of FY25, revenue and EBITDA increased by 11.5% and 26.8% year-over-year, respectively. Cube InvIT has retained AAA/Stable credit ratings from CRISIL, India Ratings, and ICRA.

As of September 30, 2024, Cube InvIT’s portfolio valuation had risen, with total Assets Under Management (AUM) reaching Rs 291,623 million.

Real Estate

02 Apr 2026

Bent Collective Unveils Sculptural Papillon Sofa

Bent Collective has introduced the Papillon Sofa, a sculptural seating piece that combines artistic design with everyday comfort. Defined by a fluid silhouette, the sofa features a gently curved backrest, asymmetrical form, rounded seating, a single rolled arm and sleek legs, creating a soft yet expressive presence for contemporary interiors. Upholstered in a soothing blue tone, the Papillon Sofa is designed to bring a sense of calm, movement and visual lightness to living spaces. Its organic form moves away from rigid lines, reflecting the brand’s focus on furniture that is both i..

MHIEC Completes Relay Centre Project In Nagasaki

Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC) has completed construction of the Nanbu Relay Center in Minamishimabara City for the Ken’ou-Kennan Clean Authority in Nagasaki Prefecture. The project includes the development of the new facility and the operation of three relay centres, including the existing Tobu and Seibu sites, under a contract awarded in 2024. The initiative is aimed at enabling the efficient transfer of combustible waste from multiple municipalities to the Ken’ou-Kennan Clean Center in Isahaya City, which is scheduled to co..

Kala Ghoda Boutique Redefines Compact Retail Design

Located in Kala Ghoda, Noir Éclat, an 80 sq ft jewellery boutique by Mint Leaf Design, showcases how compact retail spaces can deliver a high-impact experience. Designed as a ‘jewel box’, the boutique blends Parisian-inspired aesthetics with a monochrome palette of black and white, highlighted by fuchsia accents that add a distinctive visual identity. The design leverages vertical space to overcome size constraints, featuring sculptural wall-mounted busts arranged in grids that transform product displays into artistic installations. Carefully planned lighting enhances depth and creates a..