CapitaLand India Trust net income surges 10% to $172.1m in Q3

This was partially offset by an increase in total property expenses.

CapitaLand India Trust reported a net income $172.1m in the third quarter, a 10% increase compared to the same period last year, attributed to higher total property income and partially offset by an increase in total property expenses.

Total net property income increased to $225.2m, attributed to higher income from existing properties and income distributions from acquisitions and other completed developments.

Portfolio occupancy was 91%. Rental reversion was at 15% whilst gearing ratio was at 40.9%

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