CapitaLand India Trust's NPI rises 14% YoY in SGD terms on higher property income
NPI rose 15% YoY in Rupee terms.
CapitaLand India Trust (CLINT) saw its net property income rise by 14% YoY to $53.0m in Q3 2024 on higher property income.
Total property income for the period was $68.8m, up 13% YoY.
The increase in total property expenses, however, offset the growth in NPI.
On Indian rupee terms, NPI and total property income rose 15% YoY to ₹3.3b and 14% YoY to ₹4.3b, respectively.
The business trust attributed its improved total property income to higher income from existing properties and income contributions from Building Q2, Aurum Q Parc, aVance II, Pune, Industrial Facility 2 & 3, Mahindra World City, ITPP-H and ITPH Block A.