Cube Highways Trust declares total distribution of ₹11 per Ordinary Unit for FY25
Cube Highways Trust
(
Cube InvIT
) said its consolidated income grew 12.3 percent to ₹3,453 crore in FY25.
Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors Pvt Ltd, has approved a Distribution Per Unit (DPU) of ₹3.75 for the quarter, payable to ordinary unitholders.
The total distribution for the quarter amounts to ₹500 crore. This distribution comprises ₹1.96 per unit as interest, ₹0.32 per unit as dividend, ₹1.46 per unit as repayment of SPV loan and ₹0.01 per unit as treasury income.
The
annual DPU
of ₹11 declared for FY25 translated into ₹1,468 crore.
The distribution comprises ₹5.71per unit as interest, ₹0.55 per unit as dividend, ₹4.71 per unit as repayment of SPV loan and ₹0.03 per unit as treasury income.
The annual DPU for FY24 was ₹10.09.
During the year, traffic volumes grew by 6.2 percent while the
Asset Under Management
(AUM) grew 25 percent to ₹32,266 crore as of March 31, 2025. The
Net Debt to Enterprise Value
ratio was maintained at 44.65 percent, offering ample headroom for growth.
'Our diversified highway portfolio continues to deliver strong and predictable traffic growth and continues to receive accolades for its O&M quality. We have successfully executed our strategy of deploying our debt capacity by acquiring seven road assets and, in addition, have executed binding Share Purchase Agreements (SPAs) for two additional acquisitions. These acquisitions are accretive to unitholder yields and value and will simultaneously de-risk the portfolio,"
Vinay Sekar
, CEO of Cube InvIT,
The record date for the distribution is June 2, 2025, and the distribution payout will be made on or before June 9, 2025.
Cube Highways Trust is backed by
I Squared Capital
, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), British Columbia Investment Management Corporation, and Abu Dhabi's sovereign investor Mubadala Investment Company.
The Trust operates and manages highway projects in association with the Central and state governments.
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