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Industrial properties boosted CapitaLand India Trust's Q3 total property income

Total property income grew by 13%.

CapitaLand India Trust's total property income (TPI) went up 13% to $53.5m (₹3,041m) in the third quarter (Q3) of 2022 compared to the TPI last year.

The increase stemmed from income contribution from industrial properties such as Building Q1, Arshiya Warehouse 7 and Industrial Facility at MWC.

READ: CapitaLand Investment’s revenue rose to $598m in Q1

This increase also led to the growth of net property income which grew 8% to $41.5m (₹2,358m).

It was, however, mitigated by an increase in total property expenses.

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