CapitaLand India Trust Q3 total property income up 18% at 5.1 billion rupees

This is due to higher rental income from existing properties and income contributions from acquisitions and completed developments, says manager

CapitaLand India Trust (Clint) posted a total property income of 5.1 billion rupees (S$76 million) in its third-quarter business update in 2025.

This is an 18 per cent year-on-year increase in Indian rupee terms, and a 10 per cent rise in Singapore dollar terms.

This was due to higher rental income from existing properties as well as income contributions from acquisitions and completed developments, said the manager in its business update on Friday (Oct 31).

Net property income also rose 18 per cent, or 10 per cent year on year in Singapore dollar terms, to 3.9 billion rupees for the quarter, from 3.3 billion rupees in Q3 2024.

This was due to higher property income, partially offset by an increase in total property expenses.

Portfolio occupancy stood at around 91 per cent, while its weighted average lease expiry was 3.6 years as at Sep 30. Net gearing ratio stood at 40.9 per cent, and average cost of debt fell from 6 per cent to 5.8 per cent.

Commenting on the impact of the US implementing a US$100,000 H-1B visa fee, the manager said it could have “positive spillover effects by increasing the pool of high-skilled workers staying in India”.

Additionally, it said that only about 2 per cent of India’s gross domestic product was dependent on US demand, in light of the 50 per cent tariffs implemented by US President Donald Trump on India.

Units of Clint were down 1.6 per cent or S$0.02 on Thursday to close at S$1.20.