CapitaLand India Trust’s net property income jumps 3% YoY to $85.6m in 1H23

Despite the increase in NPI, the trust recorded a lower DPU of $0.0336.

CapitaLand India Trust ended 1H23 with a 3% YoY higher net property income (NPI).

The trust recorded an NPI of $85.6m. In Indian Rupee (INR) terms, the trust’s NPI grew by 13% YoY.

Despite the increase in NPI, the trust’s income available for distribution and DPU decreased, falling 11% YoY to $48.9m and 22% YoY to $0.0336.

In INR terms, income available for distribution fell by 2% YoY, whilst DPU fell by 13% YoY.

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