Operational review
Asset review
Operational risk
We integrate risk management measures into
our day-to-day activities across all functions.
These include comprehensive operating,
reporting and monitoring controls put in
place to manage risks arising from leasing,
management and maintenance activities of
the Trust. We monitor and review such controls
regularly and improve them where necessary.
Leasing report
For the April 2015 to March 2016 period, our
average portfolio occupancy was 97%
1
. This is
an improvement from the 95% recorded in the
corresponding period last year due to the healthy
leasing demand witnessed during the financial year.
Over 1.0 million sq ft of floor space was leased or
renewed in FY15/16, exceeding the floor area freed
up by expired or pre-terminated leases. We retained
86% of leases that expired during the financial year.
19% or 1.7 million sq ft of leases would expire
in FY16/17. We commence lease renewal
negotiations with our tenants six months prior to
the expiry of their leases. This gives us time to
secure a replacement tenant should the existing
customer choose not to renew their leases.
Bangalore
Chennai
Hyderabad
19%
31%
17%
6%
26%
FY16/17
Fy17/18
FY18/19
FY19/20
FY20/21
& Beyond
0.46
0.23
0.80
0.63
1.16
1.05
0.30
1.07
0.26
0.92
0.76
0.38
0.05
0.13
0.35
Weighted Average Lease Term:
5.5 years
Lease Expiry Profile
Floor Area (million sq ft) (percentage of portfolio)
FY14/15
FY15/16
95%
97%
90%
93%
99%
99%
99%
98% 99%
100%
100%
100%
100% 100%
aVance
CyberPearl
The V
CyberVale
ITPC
ITPB
Average Occupancy
1
Portfolio
1
Excluding new acquisitions made in FY15/16.
.48
ASCENDAS india trust ANNUAL REPORT
2015/2016
Ove r v i ew
what af f ect s us
what we do
our per formance
