CapitaLand India Trust Q1 total property income up 3% at 4.9 billion rupees
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CapitaLand India Trust (Clint) reported a 3% increase in total property income to 4.9 billion rupees (S$69 million) for Q1, with net property income rising 8% to 3.8 billion rupees. However, due to foreign exchange fluctuations, total property income in Singapore dollar terms fell 8%, and NPI dropped 3%. The trust maintained a 91% occupancy rate and achieved a 17% positive rental reversion. The average cost of debt was 5.7%, and the gearing ratio improved to 35.7%. Units of Clint closed at S$1.05, up 1%.
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