Photo from Freepik

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.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.