New Delhi, February 3, 2025 – Cube Highways Trust (“Cube InvIT”) [NSE/BSE: CUBEINVIT/543899], managed by Cube Highways Fund Advisors Pvt. Ltd., has reported robust financial results for the nine-month period ending December 31, 2024. The company posted a total consolidated income of ₹25,746.21 million, with consolidated EBITDA reaching ₹18,069.21 million during the period.
The Board of Directors of Cube InvIT has approved a Distribution Per Unit (DPU) of ₹3.25 for the third quarter of FY 2024-25, translating to a total distribution of ₹4,336.96 million to its ordinary unitholders. The record date for the distribution is February 4, 2025, with payments scheduled on or before February 11, 2025.
Financial Performance and Growth
Reflecting on the company's steady growth trajectory, Pankaj Vasani, Group CFO of Cube InvIT, stated,Cube InvIT continues to maintain AAA/Stable credit ratings from CRISIL, India Ratings, and ICRA, reinforcing its financial stability and strong governance standards. As of December 31, 2024, the portfolio valuation has risen significantly, with the company managing Assets Under Management (AUM) worth ₹290,291 million.“We are delighted to deliver yet another quarter of robust business performance, spotlighted by consistent returns and resolute allegiance to excellence in cost leadership and corporate governance. Revenue and EBITDA grew by 14.04% and 25.22% YoY, respectively. Reflecting our dedication to driving stable value for our investors, we are declaring a DPU of ₹3.25, comprising ₹1.44 per unit as interest and ₹1.81 per unit as repayment of SPV loan.”
About Cube Highways Trust
Cube Highways Trust is an Infrastructure Investment Trust (InvIT) registered under the Securities Exchange Board of India (SEBI). The trust is backed by a diversified investor base, including:- I Squared Capital
- A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA)
- British Columbia Investment Management Corporation
- Abu Dhabi’s sovereign investor Mubadala Investment Company
- Japan Highways International BV