CapitaLand India Trust (CLINT) has announced a 9% year-on-year increase in distribution per unit (DPU) to 3.97 Singapore cents for the first half of the financial year 2025, ending 30 June. The trust’s net property income rose by 14% in Indian Rupee terms and 10% in Singapore Dollar terms, driven by higher property income despite increased operating expenses.
The income available for distribution also saw a significant rise, growing by 15% in Indian Rupee terms and 10% in Singapore Dollar terms. This growth was attributed to higher net property income, although it was partially offset by increased net finance costs and Trustee-Manager fees.
Chief Executive Officer of CapitaLand India Trust Management, Gauri Shankar Nagabhushanam, highlighted the trust’s robust performance, stating: “CLINT’s strong first half results were underpinned by income contributions from newly completed developments, and supported by positive rental reversions and high occupancy rates.”
The trust’s total property income for the period increased by 14% year-on-year to INR9.6 billion, largely due to higher rental income from existing properties and new contributions from developments such as MTB 6 at International Tech Park Bangalore and CyberVale Free Trade Warehousing Zone in Chennai.
As of 30 June 2025, CLINT achieved a committed portfolio occupancy of 90% and recorded positive portfolio rental reversions of 9%. The trust’s gearing stood at 42.3%, which was reduced to 40.1% following the issuance of S$100 million in subordinated perpetual securities.
Looking ahead, CLINT plans to commence revenue contributions from one of its data centres in the second half of 2025. The trust is also pursuing asset divestments to unlock value and reduce debt, as part of its active portfolio management strategy aimed at enhancing financial flexibility and delivering sustainable returns for unitholders.
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